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, along 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 since the 2007–09 crisis
- The connection between corporate finance and managerial decision making and risk management
- The 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 profiles 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.