In today’s global economy, the environment for risk has become much more complex. The RMA/Wharton Advanced Risk Management Program introduces the latest thinking around risk, including macroeconomic drivers, and equips you with the tools to evaluate your exposure.
Wharton faculty, led by Richard Herring, PhD, the author of more than 150 articles, monographs, and books on various topics in financial regulation, international banking, and international finance, apply their field-based research and the latest strategic insights to help you broaden your view the major drivers of risk, with a framework for measuring and monitoring it. Unique to the RMA/Wharton program is the integration of academic analytics, which provide the professional bankers who participate in the program with a theoretical foundation, with the insights of star practitioners, who show how these ideas can be implemented.
Session topics include:
Risk management as a strategic competitive strength:
- Macroeconomic drivers of risk
- Distinctive features of regulated financial intermediaries and how the regulatory environment has evolved in response to the 2007–2009 crisis
- The connection between corporate finance and managerial decision making and risk management
- Study of systemic risk and the unique challenges of being a financial intermediary in today’s interconnected world
The analytical framework for measuring, managing, and monitoring risk:
- Methods and issues in measuring risk exposure
- Modeling challenges and practices
- Scenario-based strategic planning
- Unique risk characteristics presented by derivatives and real estate assets
- Economic capital
The enterprise perspective including culture, governance, and relationships with stakeholders:
- Peripheral vision and critical decision making
- Defining risk appetites
- Communicating risk profile to both internal and external stakeholders
- Tension between economic capital and regulatory capital
- Enterprise risk management
Through highly interactive lectures, exercises, and case studies, both in the classroom and in smaller work groups, this deep dive into risk will help you be a more capable enterprise risk management leader within your financial institution.