Description
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 programIdentify the role of line managers, senior executives and the board in risk monitoringIdentify metrics to include in monitoring reports and how often metrics should be reportedDescribe approaches for designing effective monitoring reportsIdentify appropriate measurement techniques for types of riskDescribe the level of monitoring detail to include for each audienceDescribe the process for evaluating control effectivenessIdentify the tools and documentation available for evaluating first line controls
