Programm:

Risk Management in Financial Companies

• 9.15 am – 2.00 pm
  Minimum requirements for risk management

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  German FISG: New obligations for risk management and the internal control system

  • Components of a comprehensive compliance system: Minimum requirements according to German IDW Audit Standards 980
  • MaRisk: Benchmark concept for risk management

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  Tasks of the risk controlling function

  • Reporting compliance and risk management
  • Monitoring and control plan
  • Early warning indicators for risk identification and risk control

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  Risk strategy + risk inventory + risk manual

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  Corporate and risk strategy: simple, transparent and understandable

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  Conducting a risk inventory and building a risk manual

  • Risk workshop: recording, assessing and measuring risks
  • Methods of risk identification: Qualitative and quantitative risk description + determination of the overall risk
  • Assessment of risks: criteria for significant and insignificant risks
  • Correct assessment and limitation of intra- and inter-risk concentrations

• 2.00 pm – 5.00 pm

  Limit system and risk report with ICAAP and ILAAP

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  ICAAP + ILAAP: Requirements for adequate capital and liquidity resources

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  Establishment of a transparent risk limit and reporting system

  • Control approaches for determining risk-bearing capacity
  • 6 steps for an audit-proof capital planning process
  • Risk monitoring and reporting: standard reports and ad hoc reports

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  Stress tests and risk-bearing capacity

  • Stress tests and scenario analyses
  • Definition of classical stress tests and inverse stress tests