Global Risk Manager

International program in risk management exclusive to the Dominican Republic Risk Management Club (CGRRD) under the seal of guarantee inof the Spanish Risk Management Club (CGRE),, the Association of Banking Supervisors of the Americas (ASBA) and the Latin American Federation of Banks (FELABAN); and that draws on NEMESIS’s more than 15 years of experience in training for risk professionals, research and management.

This programguarantees the creation of professional value, raising the profile technical and the contribution to the industry of professionals with the right preparation to manage risk ethically and under the best international practices

With this program, you will:

  • Increase your capabilities with tools based on risk management
  • Increase your impact on the organization with a strategic set of business fundamentals
  • International diploma with dual accreditation:
    • European, from the Spanish Risk Management Club (CGRE)
    • Latin American, endorsed by the Association of Banking Supervisors of the Americas (ASBA), the Latin American Federation of Banks (FELABAN) and the Dominican Republic Risk Management Club (CGRRD).

Aimed at:

  • Analysts and managers in:
    • Risk
    • Audit
    • Control
  • Professionals with experience in financial and credit institutions (multiple-service banks, savings and loan associations, savings and credit banks, credit corporations and credit cooperatives), insurance, financial agents (brokerage firms, investment fund and pension administrators), supervisory and regulatory bodies, public institutions,
  • Teaching staff in the risk area
  • Professional consultants and advisors in the field of risk
  • All professionals in the financial sector

Format

Online

Duration

16 months

Schedule

24 hours | 7 days

Location

Nemesis Risk virtual campus

Level

Intermediate | Advanced

Certification content by module:

  1. Genesis and concept of Risk
  2. Evolution of the understanding of risk management
  3. Types of Risk
    • Credit risk
    • Market risk
    • Structural risk
    • Operational risk
    • Technical risks
    • Fiduciary risks
    • Strategic or business risks
    • Reputational risk
    • Legal or regulatory risk
  4. Risk management in the banking business
  5. Risk and capital: Basel II
  6. The risk variable in decision-making

  1. Individuals
    • The Individuals segment
    • Risk analysis and decision systems
    • Risk analysis
  2. Business
    • The “Business” segment (characteristics)
    • Risk Analysis (blocks and variables)
    • Rating of customers and transactions (criteria)
  3. Corporates
    • The credit risk process
    • Risk Variables
    • “Corporates” segment
    • Risk analysis: qualitative and quantitative
  4. Project Finance
    • Characteristics and fundamental aspects.
    • Advantages and disadvantages.
    • Typical sectors in Project Finance.
    • Risks and hedges
    • Financial structure
    • Covenants and guarantees
    • Project Finance in emerging countries
  5. Public institutions
    • Preliminary concepts
    • Types of clients
    • Types of credit transactions
    • Credit risk assessment
    • Information
    • Analysis
    • Rating
  6. Large corporates
    • Introduction, concept and objectives
    • Methodology for analyzing a corporate company
    • Country/Sector
    • Qualitative aspects
    • Quantitative aspects
    • Rating assignment
    • Attention to Severity
    • Risk policies
  7. Real Estate. Rental properties.
  8. Real Estate. Real estate development

  1. Introduction to credit risk
  2.  Probability of default
    • Definition of default
    • Credit ranking tools
    • Life cycle of credit ranking tools
    • Tool calibration
  3. Exposure at default
    • Concept of EAD and CCF. Estimation
    • Exposure at default on derivatives
  4. Loss given default
    • Concept and estimation
  5. Credit risk loss distribution
    • Concept, statistics and shape of the loss distribution
    • The Vasicek model
    • Case study: Loss distribution
    • Concentration-diversification effects
  6. Basel framework. Regulatory capital for credit risk
    • Evolution of the Basel framework. Structure of the capital measurement framework
    • Capital requirements for credit risk

  1. Financial products and markets
    • Technical foundations for valuation
    • Market data and risk factors
    • Derivative products
  2. Market risk
    • Definition and Fundamentals
    • Risk Measurement
    • Use of VaR
    • Additional considerations
    • Regulation
  3. Model risk
    • Definition
    • Sources of model risk
    • Model risk management
  4. Counterparty risk
    • Introduction and first definitions
    • Credit risk measurement
    • Credit risk measurement in derivative products
    • 4. Mitigants and hedges
  5. Capital for credit risk
  6. Credit risk valuation: Credit Value Adjustment (CVA)
  7. Regulation

  1. Definition
  2. Prior concepts
    • Introduction to the banking business
    • Main accounting concepts linked to structural risks
    • Market data and risk factors
    • The role of ALCO
  3. Interest rate risk
    • Definition
    • Effects of structural interest rate risk
    • Sources of structural risk
    • Perimeter of structural interest rate risk measurement
    • Measurement techniques (GAP, duration, simulation)
    • Balance sheet modeling and setting of assumptions
    • Stress testing
    • Backtesting
    • Budgeting and planning
  4. Liquidity and funding risk
    • Definition
    • Liquidity risk management framework
    • Measurement techniques
    • Balance sheet assumptions
    • The Funds Transfer Pricing (FTP) system
    • Stress test
    • Liquidity Contingency Plan
  5. Other risks
    • Exchange rate
    • Equities
  7. Regulatory requirements
    • Capital
    • Liquidity

  1. Insurance Risks. Technical Risks
    • Introduction and objectives.
    • Insurance, insurer and risk.
    • Risk. Types of risk. Ways of treating risks. Insurable risks.
    • The policy or contract and excluded risks. Types of policies.
    • Risk coverage. Lines of insurance.
    • Risk treatment techniques within the insurer.
    • Technical insurance risk and risk distribution techniques: coinsurance and reinsurance.
    • The random financial process. Survival tables and premium calculation.
    • Methodological frameworks for risk management in the insurance industry
  2. Financial Risks in Investment Portfolios
    • Introduction.
    • Market Risk.
    • Credit Risk.
    • Liquidity Risk.
    • Operational Risk.
  3. Risk Management in the Fund and Investment Portfolio Industry
    • Introduction.
    • Isoperformance lines and their connection with indifference curves.
    • The Sharpe ratio.
    • The Treynor ratio.
    • The Jensen index.
    • Information Ratio.
    • Other measures used.

  1.  Operational risk management
    • General aspects
    • Qualitative management
    • Management by processes and indicators
    • Quantitative management
    • Capital for operational risk / real case studies
    • Operational risk management model
    • Reputational risk
  2.  Operational risk modeling
    • Introduction to credit risk, Basel framework for risk quantification
    • AMA approach, characteristics, sources of information and segmentation
    • Driver modeling. Frequency and severity
    • Calculation of the loss distribution. Aggregation of distributions and capital calculation
    • Risk mitigation

  1.  Expected loss
  2.  Unexpected loss and correlations
    • Reminder: characterization of random variables
    • Volatility in Bernoulli random variables
    • Unexpected loss from credit risk
  3.  Loss distributions with two credits
    • Correlation formula for Bernoulli variables
    • Portfolio distributions with two or more loans
  4.  The Merton Model
  5.  Single-factor credit risk model
  6.  Building a loss distribution model through simulation
    • Credit loss distributions in portfolios with correlated loans (Monte Carlo method)
  7.  Returns: economic capital and measurement of profitability in banks
  8.  Risk-Adjusted Return (RAR)

  1.  Regulatory map
  2.  The solvency requirement
  3.  Solvency Ratio
    • Eligible capital
    • Requirements by risk
      • Credit risk
      • Counterparty risk
      • Market and credit risk in market activities
      • Operational risk
      • Risk mitigation
  4.  Leverage ratio
  5.  Large Exposures
  6.  Pillar I, Pillar II, Pillar III
  7.  Capital levels: minimum requirements and buffers
  8.  SREP and Pillar II

  1.  Types of financial crises
    • Definition, history and costs of financial crises
    • Sources of Vulnerability
    • Types of financial crises
    • Chronology – a common pattern of a crisis
    • Phases in managing a crisis
    • Mitigating the Risks of a Crisis
    • Dealing with insolvent banks
    • Future Crises and Challenges
  2.  Traditional crises and the case of Mexico
    • The root causes of the 1994-95 crisis;
    • The 1993-94 pre-crisis crisis;
    • The Tequila Crisis;
    • Government’s Response: Four Phases of the Crisis;
    • The World Bank’s Role
    • Lessons;
  3.  Reflections on the current crisis
    • From the US Sub-Prime Crisis to Sovereign Crises
    • Motivation: Dramatic Changes in Financial Markets and Banking
    • The Theoretical Framework
    • The (micro & macro) “problem” of very low interest rates: project finance
    • Financial viability in terms of cash flows

  1. Introduction
  2. Cyber threats
    • Analysis of the current state of cybercrime
    • Convergence between cybercrime and terrorism
    • The cybercrime business in figures
  3. Attack methods and tools: Types of computer viruses
    • Attack methods
    • Social Engineering attacks
    • Social Engineering techniques
    • Social Engineering: technology-based approach
    • CEO Scam
    • Cyber extortion or Ransomware
    • Denial-of-service attacks (DoS/DDoS)
    • “Man in the Middle” attacks
    • Criminal communities and “Crime as a Service”
    • The “dark web” and the “deep web”
  4. Main recent cybersecurity events
    • Wannacry, Carbanak
    • Attack on the SWIFT network
    • RSA SecurID Breach
    • Hacking of the Associated Press’s American Twitter account
  5.  Elements of security technology
    • The TCP/IP model
    • Controls, Access Control
    • Single Sign-On
    • Access Control Methods
    • One-Time Passwords
    • Password Selection
    • Two-Factor Authentication
    • Firewalls
    • Intrusion detection and prevention systems (IDS)
    • Cryptography
    • Digital signature
    • Digital certificates
  6.  Risk management in organizations
    • Business risk versus IT risk
    • Risk identification and analysis methods
    • Business information technology strategy
    • Organizational structures and impact on risk
    • Culture, ethics and organizational behavior and the impact on risk
    • Confidentiality, Integrity and Availability
    • IT risk scenarios
    • Risk scenario development techniques
    • Risk capacity, risk appetite and risk tolerance
    • Risk awareness
  7. IT risk assessment
    • Organizational structure and culture
    • Policies, Standards and procedures
    • Technology, Architecture
    • Controls
    • Risk analysis methodologies
    • Quantitative and qualitative risk assessment
  8. Technology risk mitigation and response
    • Risk response options
    • Analysis techniques
    • Cost-benefit analysis
    • Return on investment
    • Characteristics of inherent risk and residual risk
    • Business Continuity Planning and Disaster Recovery Planning
    • Contingency sites
  9. Risk monitoring and reporting
    • Key risk indicators and key performance indicators
  10. Information technology security governance
    • Business goals and objectives
    • Definitions of roles and responsibilities
    • The role of the CISO in a company

  1. Introduction
  2. Definitions
    •     Money laundering
    •     Terrorist financing
  3. Scope and field of application
    •     Scope
    •     Field of application
  4. Principles of action
    •     Complete management of customer knowledge
    •     Business model
    •     Segmentation by type of business, customer and operations
    •     Systematic control and analysis of operations
    •     Prohibition on operating and prohibited customers
    •     Reporting of suspicious operations
    •     Maintenance and retention of information and documentation
  5. Complete management of customer knowledge
    •     Customer acceptance
    •     Customer monitoring
    •     Customer exit
  6. Follow-up and monitoring
    •     Follow-up and updated information on the customer and their operations
    •     Monitoring or “screening” of operations
  7. Communication and information
    •     Systematic information or “reporting”
    •     Reporting of suspicious operations
    •     Collaboration with the authorities
  8. Training
    •     Specific training
    •     Continuing training
    •     Certification process for training activities
  9. International sanctions regimes
  10. “Financial crime”
  11. Supervision
    •     Specific supervisory actions
    •     Systematic supervision

  1. Risk in asset and fund portfolio management

Specialization:

  1. IRB Models 
  2. IFRS 9 Models 
  3. Economic and Regulatory Capital
  4. Stress and Capital Planning 

  1. Background
  2. Structural Portfolios
  3. Classification into Stages 1, 2 and 3
  4. From Incurred Losses to Expected Losses
  5. Internal Credit Risk Loss Models for Bad Debts
  6. Credit Risk Coverage for Bad Debts
  7. Real Estate Assets Foreclosed or Received in Payment of Debts
  8. Impacts: Benchmark
  9. IFRS 9 regulation in each country

  1. Types of stress testing and scenario analysis
  2. Basel Committee principles for stress testing
  3. Stress testing and the risk appetite framework, capital and liquidity assessment and planning 
  4. Projection models: PPNR models and expected loss models
  5. Assessment of results and possible action plans
  6. Stress testing and Pillar 2

  1. Codes of Conduct
  2. Prevention of Money Laundering and Terrorist Financing 
  3. Protection of personal data 
  4. Conduct in the marketing of products and services 
  5. Consumer Protection/Customer service 
  6. Risk consolidation 

  1. Risk Appetite Framework 
  2. Asset Allocation 
  3. Capital Self-Assessment Report 
  4. Liquidity Self-Assessment Report 
  5. Capital Maps

  1. Insurance 
  2. Investment and Pension Funds 
  3. Capital under Solvency II

  1. Data governance, implementation, reporting, quality and culture 
  2. Data models, strategy, monetization and valuation
  3. Data First Design, Datamat, Datatoolkit
  4. Real cases
  5. Risk Data Aggregation

International Certification: Global Risk Manager

$USD5,20000
  • Discounts for CGRRD members
  • International faculty
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Club de Gestión de Riesgos de la República Dominicana

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