This is a unique course, focussing on operational and enterprise risk for Investment managers drawing on practical industry experience. 

Risk management is not about eliminating risk but about helping the firm to take balanced, commercial decisions and to drive efficiency. The principle aim of an operational and enterprise risk management framework and function is to help the business make the right decisions and achieve its strategic objectives.

A robust enterprise risk framework and well-resourced operational risk function helps to ensure continued financial strength and durability, to prioritise resources and to organise functions, teams and processes. This is achieved by providing Senior Management, and the Board, with an accurate view of the risk environment in which the company is operating, articulating the risk appetite and driving it through the decisions taken by the business at all levels. The quality of a firm’s enterprise and operational risk programme and its operational risk function is also a factor in clients’ selection and retention decisions.

The course is interactive and practical, with the opportunity for delegates to discuss their own approaches.

Key Learning Objectives

• Understand the risk governance framework required for an asset management firm and how to implement the necessary elements.

• Be able to express and document the firm’s risk appetite.

• Understand the three lines of defence model and the roles that each part of the firm and individual staff members need to play.

• Understand the governance and oversight arrangements required for outsourcing.

• Be able to identify, assess and manage emerging risks.

• Understand the key elements of a firm’s operational risk framework and how they interact.

• Understand the approach to loss event reporting.

• Understand Risk & Control Self-Assessment (RCSA) principles.

• Be able to identify and quantify operational risk scenarios.

• Understand the practical issues relating to operational risk workshops.