Financial Risk Management: The Bowtie Method
- Οργάνωση/ Διοίκηση/ Ηγεσία - Λογιστικά/ Έλεγχος/ Φορολογικά
06 Δεκ 2022 09:00
08 Δεκ 2022 12:45
Αγγλικά
7 ώρες
(
2 μέρες
)
ΠΕΡΙΓΡΑΦΗ
ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ
By the end of the programme, participants will be able to:
- Describe the risk management process
- Describe the bow tie layout
- Name and describe the constituent elements of a bow tie layout
- Name and formulate hazards and events (Hazards and top events)
- Formulate threats and their root causes, consequences and their impact
- Formulate, describe and correlate preventive, detective and protective controls
- Formulate and describe escalation factors and barriers
- Develop integrated bow tie risk management diagrams for credit, market and liquidity risk
- Identify, select, explain, justify and document preventive, detective and recovery controls
ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ
The programme is ideal for:
- CEO
- CFO
- Risk managers
- Investment managers
- Credit officers
- Auditors, accountants
- Internal auditors
- AMLCO
- Lawyer
- Actuaries
ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ
Training Outline
Introduction to risk management
- The Risk Management process
- Scope, Context, Criteria
- Risk Assessment
- Likelihood and consequences
- The Risk Matrix
- ALARP (As Low as Reasonably Practicable)
- Risk Treatment
- Risk reduction and controls
What is a bow tie diagram
- Applications of the bow tie risk assessment
- Goals of the bow tie diagram
- History of the bow tie
- Advantages and limitations
The bow tie diagram
Describing:
- Hazards and top events
- Sources of risk
- Threats and their root causes
- Consequences and their impact
Identifying and describing barriers (controls)
- Preventive barriers
- Detective barriers
- Recovery/Protective barriers
- Hierarchy of controls
- Escalating factors and escalating factor barriers
Construction of bow tie diagrams for credit, market and liquidity risks
Step 1 – Identifying and formulating credit, market and liquidity risks
- Risk identification techniques
- Describing the risk and top event
- Risk statements
Step 2 – Identifying top events
- Guidelines
- Identifying credit, market and liquidity risk top events
Step 3 – Identifying threats credit, market and liquidity threats
- Direct threats
- Sufficient and independent threats
- Practical examples/case studies
Step 4 – Identifying the consequences and impact of credit, market and liquidity risk
Practical examples/case studies
Step 5 – Identifying preventive controls
Step 6 – Identifying Detective and recovery controls
Practical examples/case studies
Step 7 – Identifying escalation factors and controls
Industry Expert | Antonis Karpasitis
Antonis has over 40 years of international professional experience in non-life and life insurance with specialization in construction and large infrastructure projects insurance programs. Managed the insurance programs of multi-million-dollar projects such as airports, highways, sports centres, housing complexes, dams residential and office buildings etc. in the UAE, Saudi Arabia, Libya and Cyprus. He has over twenty years of life insurance general management experience in Cyprus and Central Europe with large multinational insurers.
Holds a bachelor’s degree in business from SUNY and an Executive Development Diploma from the Wharton School of the University of Pennsylvania. He holds the title of Chartered Insurer, he is Associate in Risk Management with the Insurance Institute of America, and a Fellow of the Life Management Institute. He is a certified risk management professional with the Federation of European Risk Management Associations (FERMA) and a PECB certified ISO 31000 Lead Risk Manager. He is also a certified trainer with the Human Resources Development Authority (AnAD) of Cyprus.
CPD Recognition
The syllabus of the Certificate may be approved for up to 7 CPD units in Risk. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Αναλυτικό Κόστος Σεμιναρίου
- € 220.00
- € 0.00
- € 41.80
- € 220.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ
Τρίτη - 06 Δεκ 2022
Ώρα
09:00 - 12:45
Τοποθεσία:
OnLine Virtual Classroom
Πέμπτη - 08 Δεκ 2022
Ώρα
09:00 - 12:45
Τοποθεσία:
OnLine Virtual Classroom
Εκδήλωση Ενδιαφέροντος : Financial Risk Management: The Bowtie Method
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