Risk Monitoring

Course Number: ABA

Course Code: ABA

Explains effective risk monitoring in ERM framework and its characteristics, and the roles of individuals in risk monitoring. Provides approaches to develop monitoring reports and what to measure and how often to report. Describes risk indicator and performance indicator metrics, which enable a bank to determine if it’s operating within its risk tolerance. Explains the role of controls in risk monitoring and the tools and documentation to evaluate first line controls.

What You’ll Learn

After successfully completing this course, you will be able to:

  • Describe the importance of monitoring within an effective risk management program
  • Identify the role of line managers, senior executives and the board in risk monitoring
  • Identify metrics to include in monitoring reports and how often metrics should be reported
  • Describe approaches for designing effective monitoring reports
  • Identify appropriate measurement techniques for types of risk
  • Describe the level of monitoring detail to include for each audience
  • Describe the process for evaluating control effectiveness
  • Identify the tools and documentation available for evaluating first line controls

Audience: Risk management and control professionals in the first, second or third line functions with primary responsibilities including risk assessment, risk testing, measurement and monitoring, risk reporting, audit, or governance across credit risk, financial and/or non-financial risk categories. Directors, members of senior management, State/Federal bank examiners, external risk consultants or auditors.

Prerequisites: None

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Member Price: $275.00
Non-Member Price: $375.00
Textbook Charge: $0.00

Credits: 1.25 CERP

Length: Approximately 1 hour

ABA Training