Observations on Development in Risk Appetite Framework
Über den Vortrag
Der Vortrag „Observations on Development in Risk Appetite Framework“ von Edu Pristine ist Bestandteil des Kurses „Archiv - Operational Risk“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Risk Appetite Framework (RAF) and Elements of RAF
- Benefits to a Firm of having a well Developed RAF
- Best Practices for a Firm´s CRO, CEO and Board of Directors
- Role of a RAF in Managing the Risk of Individual Business Lines within a Firm
- Metrics which can be Monitored as Part of an Effective RAF
- Benefits from Having a Robust Risk Data Infrastructure
- Factors which could Lead to Poor of Fragmented IT Infrastructure at an Organization
- Challenges and Best Practices Related to Data Aggregation at an Organization
Dozent des Vortrages Observations on Development in Risk Appetite Framework
Edu Pristine
Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture.EduPristine has conducted corporate training for various leading corporations and colleges like JP Morgan, Bank of America, Ernst & Young, Accenture, HSBC, IIM C, NUS Singapore etc. EduPristine has conducted more than 500,000 man-hours of quality training in finance.
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Auszüge aus dem Begleitmaterial
... profile in a variety of scenarios and sets out a process for achieving that risk profile. The RAF typically begins with a risk appetite statement that establishes boundaries for the desired business focus and articulates the board's ...
... decision-making capabilities. Allowing them to be more forward-looking, flexible, and proactive. RAF improves the firm's ability to adjust ...
... and the risk management function will usually be responsible for developing the risk appetite framework. CRO manages the implementation of RAF. Best Practices for firm's CEO: CEO who support the use of RAF ...
... of directors should adopt active and iterative process of review. Board of directors should have good understanding of performance and risk concepts. Board has to ...
... An important element in the process of building an RAF is the link with the business strategy and budgeting process. In this way, the RAF is a useful tool ...
... or earnings-at-risk calculations. VaR limits. Risk sensitivity limits. Risk concentrations by internal and/or external credit ratings. Expected loss ratios. The firm's own credit spreads. Asset growth ceilings by ...
... Risk Management Policy at a firm. Benefits from having a robust risk data infrastructure. Bring together senior IT governance functions, business line units, and IT personnel to formulate strategy. Strong project ...
... risk reporting. Revenue-generating infrastructures for new businesses and products often outstrip associated risk infrastructures. Firms should conduct reviews six to eighteen months after implementation. ...
... at an Organization. A lack of agreement between business lines and IT management on a long-term strategy. Decisions that favour ...
... in an accurate, timely and comprehensive manner can undermine the overall value of internal risk reporting. Firms which follow best practices related to data aggregation have very limited reliance on manual intervention and manual data manipulation. ...
