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Risk Management Courses

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Nulearn provides a life changing opportunity through market risk courses with India’s leading Institute, IIM Kashipur. Get more exposure under India’s best faculty, camp based sessions, projects and industry interactions. Enroll now for better career! – PowerPoint PPT presentation

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Title: Risk Management Courses


1
How To Become A Successful Risk Manager
2
What is Risk Management?
Risk management! As the name speaks loudly for
itself, it is the identification and assessment
of the risk. To sum up the definition for you, it
involves reducing or eliminating the risk. Risk
Management is a field in financial management
services and different enterprises that includes
recognizing, evaluating, and measuring major
business risks. Measures are then taken to turn
away, control, or decrease these risks.
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Duties of a Risk Manager
  • Create, implement, and authorize rules and
    methodology intended to relieve risks.
  • Set arrangements in regards to data security in
    close organization with their particular firms'
    data innovation groups.
  • Utilize different financial instruments and
    agreements to control risks, for example,
    insurance, swaps, subsidiaries, fates agreements,
    and options contracts.
  • Address default on loans stretched out by the
    firm.
  • Monitor protections inventories held by
    merchants.
  • Monitors misfortunes on investment securities
    held for the company's record.
  • Evaluate counter-party chance when another money
    related firm fails in its commitments to the firm.

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Skills Required to become a Successful Risk
Manager
5
1. Problem Solving
Risk management is a strategic business. At the
higher levels, you may be designing risk
management solutions and processes for an entire
organisation. Youll need to be both thorough and
creative in your approach. Thus, during any task,
job, or discussion, dont be afraid to ask
questions for clarification or elaboration
information is crucial to implementing ERM.
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2. Analytical Skills
The cornerstone of risk management is analyzing
risks, evaluating their potential effects and
balancing them against the companys overall risk
appetite. Many risk managers will make the
mistake of including a lot of data in their
reports without proper analysis. As a result,
readers of these reports will only be confused
and overwhelmed by the information. Risk managers
should place focus on the analysis, with the
referenced data added to the appendix. Insightful
and valuable analyses do not necessarily have to
include numbers.
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3. Communication Skills
Part of risk management is making sure everyone
understands any significant risks and the
companys risk management strategy. This means
communicating with all different audiences, from
the board of directors to individual employees.
Language skills are also important in risk
management as they can be used to communicate
with all types of people.
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4. Business understanding
To identify and estimate the risks to a company,
you have to understand how the business works and
all the different internal and external factors
that can affect its performance. Statistically,
there has been an increase in the number of CROs
that become CEOs. It is because CEO is the
ultimate risk-reward decision-maker. Risk
managers also need to know how business works and
its effect on risk management they are like a
counsellor that provides advice on whether a
certain activity will be beneficial to the
company or not.
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5. Negotiations Diplomacy
Its never as simple as just creating a risk
management policy. You have to negotiate with
other departments to decide whats possible,
convince staff to be risk-aware, liaise with
auditors and justify yourself to your bosses.
Part of your job is to be convincing. Be polite
and friendly to everyone you meet, including
reception staff and assistants. Part of diplomacy
is coming across as calm, trustworthy and cool in
a crisis. If youre nervous, smile and fake it
till you make it.
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6. Numeracy
Risk analysis involves a lot of numbers costs,
estimated risks, probabilities and so on and
while you dont need to be a mathematician, you
do need to be comfortable and confident with
calculations. If youre faced with a numerical
question, take a deep breath and think through
how to approach it before you dive in.
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7. Working under Pressure
Risks can change in an instant when something
unexpected occurs and you need to be able to
update your strategies and react at a moments
notice. If things go wrong, your business
continuity/backup plans need to save the
day. Obviously, stay as calm as you can and
dont get flustered by unexpected questions.
Youre allowed to stop and think before you give
your answer. Part of working well under pressure
is knowing how to avoid extra pressure. find the
hobby to ease the pressure. Or try to do
something that will slow down your brain activity
before go to sleep like listening to music or
watching a movie. If you get your work in well
before the deadline, youre demonstrating that
you can keep your cool during a stressful work
process and not let things spiral out of control.
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8. Collaborative skills
One of the major roles of a risk manager is to be
the person that knows everything in the company
access to information is part of effective risk
management. Teamwork over individual gain is
beneficial for the greater good of the company.
Sometimes, risk managers also need to learn to
sacrifice their short-term needs for the company.
Defeat your own ego and pride so that you can
easily work together with team or other
department. Risk managers also need to be
anti-silo in order to facilitate collaboration as
well as sharing between teams and team members.
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9. Technical competency
A successful risk manager has to possess
competency in technical skills. A good pathway
towards competency is to get a certificate in
risk management continuous professional
education is important in order to keep learning
and improve. To keep updated on risk management
best practices, risk managers always need to do
research, reading and also a lot of networking.
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10. Character
Last but not least character. Risk managers have
to have independence and integrity, integrity,
integrity. A good risk manager must simply know
what is right and what is wrong. A good risk
manager also needs to stand firm on their
decisions and will not be easily persuaded by
other people with their own agenda. No matter how
good you are in other things, if you do not have
a good character, everything else will fall apart.
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Career Prospects of a Risk Manager
  • Risk analyst
  • Risk advisor
  • Safety consultant
  • Loss control specialist
  • Chief risk officer
  • Risk specialist

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From Where to pursue Risk Management Course?
17
Choose an IIM Certified Risk Management course
for better career
Nulearn provides this amazing career changing
opportunity to pursue financial risk courses for
risk managers from Indias best institute, IIM
Kashipur. This AFRM course is full of hands-on
and implementation of tools and techniques using
recent market data. The course will provide the
practitioners perspective in measuring various
kinds of financial risks. It attempts to strike a
balance between institutional details,
theoretical foundations, and practical
applications. You will get regular classes, live
projects and learn from Indias leading faculty.
You can get more information on Nulearns
official website.
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Course Description
The course is full of hands-on and implementation
of tools and techniques using recent market data.
The course will provide the practitioners
perspective in measuring various kinds of
financial risks. It attempts to strike a balance
between institutional details, theoretical
foundations, and practical applications. The
course will extensively make use of MS Excel and
R.
Who Should Attend Course Pedagogy?
  • Entrepreneurs/Finance Heads Leaders,
    Coordinators and Team Members.
  • Graduates looking for a career in Finance and
    Banking.
  • Working professionals in an organization with an
    acumen and interest in Applied Financial Risk
    Management.

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Eligibility
  • For Indian Participants Graduates from a
    recognized University (UGC/AICTE/DEC/AIU/State
    Government) in any discipline with
    Mathematics/Statistics up to 102 level.
  • For International Participants Graduation or
    equivalent degree from any recognized University
    or Institution in their respective country.
  • Proficiency in English, spoken written is
    mandatory.
  • Working Professionals with a minimum of 3 years
    of experience.

Course Pedagogy
  • The form of delivery will be Blended (Campus,
    Self space and online), with 2 days workshop and
    a final examination should be conducted by the
    Institute at the end of the course. All the
    sessions will be conducted through the digital
    platform and delivered LIVE by the eminent
    faculty of IIM Kashipur.

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Course Syllabus
  • Basics of Financial Risk Management and
    Fundamental Probability Theory, Brief Overview of
    Financial Derivatives
  • Market Risk Analysis for single asset
    Non-parametric and parametric approaches to
    estimate VaR and Expected shortfall
  • Market Risk Analysis For portfolio and an asset
    influenced by various factors
  • Risk Measurement in Fixed Income Markets
  • Credit Risk Measurement
  • Operational Risk Measurement
  • Asset Liability Management in Banks BASEL I,
    II and III

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Dr. Dilip Kumar holds PhD in Finance and has done
his PhD research work at Institute for Financial
Management and Research (IFMR) Chennai. Before
joining IIM Kashipur, he was a faculty member in
the financial engineering department of IFMR
Chennai. He has taught various courses such as
Simulation Techniques in Finance, Financial
Derivatives, Financial Risk Measurement and
Management, Financial Engineering using MATLAB
etc at both graduate and undergraduate level. His
research interests include extreme value
volatility estimator, bias correction procedures
for efficient estimation of volatility, robust
volatility estimators, Modeling extreme value
conditional volatility, risk spillover, dynamics
in market efficiency under the impact of
structural changes in market etc. His current
research focuses on developing bias correction
procedure for various extreme value volatility
estimators. Another segment of his current
research is about developing a robust extreme
value volatility estimator and proposing a bias
correction procedure for the same. He was also
an Editorial Associate of the Journal of
Emerging Market Finance published by sage
publication. He is also a Chartered Financial
Analyst (CFA) charter holder from the Institute
of Chartered Financial Analyst of India.
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