Basic Risk Management: Covid19 – New Approaches and Tools Re-calibration

I. Course 

    Subject:  Basic Risk Management

     Trainer:   Jorge E. Dioneda    

II. OBJECTIVES

Course Objectives:

  • To support  Financial  Institutions in  reviewing existing tools on pandemic and developing new one.
  • Enable banking personnel to be agile in managing risks related to pandemic and other scenarios.
  • To benchmark  best practices in managing risk: Operational, Credit , Liquidity and Market.

 Terminal Objectives:

  •  Understand the Risk Management discipline, its history, definitions, the different areas and the general & specific frameworks.   
    • Learn the application of Risk Management tools for different types of financial institutions.
    • Appreciate the value of  risk management tools and processes for  each business and overall corporate entity.
    • Learn the recent significant key regulations of BSP and how they are applied.
    • Learn the trends in financial technology (digital banking) and the practices in managing its risks.
    • Explore the use of  Risk Management Tools  in an actual / scenario  risk events.
    • Comprehend personal risk appetite and capacity.

III. SCOPE AND LIMITATIONS

The course will cover the end-to-end general view and tools of risk management.  Detailed application of different risk management tools will be covered in another course.

IV.    PROGRAM OF INSTRUCTION

General Coverage

  • Day 1 (AM) – General Concept of Risk, Risk Management, and Enterprise Risk Management Framework & its components.
  •  Day 1 (PM)  – Pre-Covid19 and  Covid19  Era:
    • Top Tools: BCP, Contingency Funding Plan and Risk Forecasting
    • Refresher on BCP, Contingency Plan and Risk Forecasting
    • What’s Happening Today:  People, Processes, System and Industry Impact.
    • New Approaches in Managing Covid19 Challenges and the Risk Management Roles and Responsibilities.
  • Day 2 (AM) –  ERM Implementation
    • Operational Risk Management (ORM)  and other Risks
      • ORM Framework,  Tools (Schedule 1) and Processes
      • ORM in Covid19 period and beyond:  Reassessment and Recalibration
  • Day 2 (PM)  – ERM Implementation
    • Credit Risk Management (CRM)  
      • CRM Credit Tools (Schedule 2) and Processes
      • CRM in  Covid19 period and beyond:  Revalidation and Recalibration
    • Market Risk Management  (MRM)
      •  MRM Framework, Tools and Processes
  • Covid19 and Beyond:  Recovery Initiatives

Schedule 1:  ORM Tools

Schedule 2:  CRM Tools