Key Details

Duration: 1 Day

Available: In-House only

Overview

Risk management has taken on increasing significance in recent years, and the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have specific expectations of authorised firms with regard to the identification and management of risks faced by the firm. This one-day course introduces the terminology and approaches used...

Risk management has taken on increasing significance in recent years, and the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have specific expectations of authorised firms with regard to the identification and management of risks faced by the firm.

This one-day course introduces the terminology and approaches used within risk management and provides an overview of the regulators’ expectations, including their current focus on the ICAAP, ILAAP and RRP. It will provide attendees with an understanding of the processes required for identifying and managing risks within their firm, and will also help them to engage with specialist risk managers.

This course is part of CCL Academy’s ‘Skills Workshop’ series, a suite of course focusing on the practical skills required by Compliance and Financial Crime Prevention professionals.

Who is this for?

The course is designed for anyone who requires a non-technical introduction to the principal concepts of risk management within PRA and FCA authorised firms and to the regulators’ expectations. It is particularly suitable for junior Compliance staff (typically those with 1-3 years of experience) who wish to further develop their knowledge and professional skills.

  • What do we mean by risk?
  • Principal types of risk:
    • market
    • credit
    • operational
    • liquidity
  • Approaches to the identification and management of risk
  • The regulators' expectations regarding risk management
  • Where does ‘Conduct Risk’ fit?

After attending this course you will:

  • Understand the principal terminology and concepts relating to risk management within authorised firms
  • Know the main types of risks faced by authorised firms
  • Understand the PRA's and FCA’s expectations regarding risk management, as set out in the handbooks
  • Understand the processes required for identifying and managing risks
  • Know what the FCA means by ‘Conduct Risk’, and its significance for firms