University College Dublin
If you are interested & require further information, we will email you a copy of the programme brochure.
As you are not registered with us, you will need to upload proof you can enrol to this programme.
I know, let’s sign upI have an account, let me sign in firstThe Professional Diploma in Banking Risk Management Practices is a specialist risk management programme specifically designed for risk professionals (including compliance professionals) who are working in the banking industry.
University College Dublin
Designed by industry, for industry
Designed in conjunction with risk management and compliance professionals working in banking.
PRMIA and the PRMIA Global Operational Risk Manager Certificate
PRMIA is a global brand in risk management education with more than 50,000 members worldwide. Over 2,400 companies employ PRMIA designates, demonstrating that employers around the world realise that PRMIA’s education programmes equip participants with the specialised knowledge and skills necessary to succeed in the dynamic banking industry. PRMIA is active in nearly every major financial centre worldwide with members in over 65 countries.
Award
Upon successful completion of the programme, participants will be awarded the Professional Diploma in Banking Risk Management Practices by UCD. This is a level 8 qualification on the National Framework of Qualifications and carries 25 ECTS.
Once participants complete the Operational Risk Management Practices and the Banking Risk Management Framework, Culture and Conduct Risk modules, they can then apply directly to PRMIA, at no additional fee, to be awarded the globally recognised PRMIA Operational Risk Manager Certificate. Completing this programme will allow participants to stand out among their peers, providing participants with a competitive advantage with colleagues, clients, and prospective employers by developing the necessary skills and experience needed to succeed in today’s dynamic work environment.
The PRMIA Global Operational Risk Manager Certificate is recognised as the industry standard for Operational Risk. You can find more details here
This programme will equip participants with the necessary technical risk skills and risk knowledge as well as providing participants with a benchmark qualification that is recognised in the Irish banking industry.
The programme is relevant to people who are risk professionals and people who wish to develop a career in risk management including:
Those working in banking and financial institutions in areas such as, compliance, operational risk, internal audit, credit review, legal and finance
Frontline staff who wish to gain a deeper understanding of banking risk management practices
The programme is also a progression for those who have completed the Professional Certificate or Diploma in Compliance.
At the end of this programme you will be able to:
Explain the key risks facing banks in Ireland and discuss the strategies to manage them
Outline the components of risk management frameworks and advise colleagues and management on their application
Evaluate risk MI including Key Risk Indicatior (KRI) data and trend analysis and communicate clearly relevant insights to the appropriate stakeholders in an appropriate format and timely manner
Review CBI, ECB and other relevant sources for advances in best practice in banking risk management practices
Draw on your knowledge and skills acquired in the subject area to advance your professional and personal career ambitions.
If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.
Please download the Professional Diploma in Banking Risk Management Practices brochure
Online.
Operational Risk Management Practices module is assessed by:
Continuous assessment - 10%
An end of trimester two-hour written exam - 90%
Banking Risk Framework, Culture and Conduct Risk module is assessed by:
An end of trimester two-hour written exam - 100%.
Introduction to Economic and Regulatory Capital Requirements, Credit Risk and Pricing module is assessed by:
Continuous assessment - 20%.
An end of trimester two-hour written exam - 80%.
Portfolio and Front Line Pricing for Risk, Funding and Liquidity Risk module is assessed by:
Continuous assessment - 100%
Successful participants will be awarded the Professional Diploma in Banking Risk Management Practices by UCD.
This is a level 8 qualification on the NFQ and carries 25 ECTS.
Operational Risk Management Practices: €625
Banking Risk Management Framework, Culture and Conduct Risk: €520
Introduction to Economic and Regulatory Capital Requirements, Credit Risk and Pricing: €520
Portfolio and Front Line Pricing for Risk, Funding and Liquidity Risk: €520
Closing date
26 May 2023
Trimester start date
06 June 2023
(NFQ Level 8, 10 ECTS)
Operational risk defined. The importance of operational risk and the Probability Risk and Impact SysteM (PRISM). The differences between operational risk and other types of risk. Recent failures in operational risk. Operational risk basics. Three lines of defence. Operational risk taxonomies. Operational risk management frameworks. Risk capacity. Risk appetite statements. Risk policies. Risk pricing and capital. Risk information, Key Risk Indicators (KRIs) reporting and KRI framework. Risk assessment. Risk management and action plans. Risk modelling. Insurance mitigation.
The practical workshop areas will include inter alia: Financial crime prevention. Anti–Money Laundering/Countering of Financing of Terrorism. Know Your Customer, Irish and UK. Anti- Corruption laws. External and internal fraud. Information security, IT resilience, cybercrime. Outsourcing. Business continuity planning. Data quality and other practical areas.
(NFQ Level 8, 5 ECTS)
Definition of conduct risk: How does conduct risk transpire. Application to retail and wholesale markets. Conduct risk as defined by the FCA and what lies at its core i.e. seeking the best outcome for the customer. Drivers/causes of conduct risk. Constituents of conduct risk including behavioural economics. Conduct risk frameworks and its relationship with the overall banking risk framework. Conduct risk appetite statements. Conduct risk policies and common metrics for assessing conduct risk performance in an organisation. How conduct risk relates to operational risk. The difference between conduct risk and compliance. Conduct risk impacts on customers, on employees, the financial institution and on markets (positive/negative). How ethical behaviours and decisions can improve customer outcomes. Applying the theory to a number of real life Irish and UK examples using case studies. Risk governance. People, roles and responsibilities. The Board .The CRO. Wider reporting. Systems and documentation. Risk management process. Risk culture. Leadership and risk culture. The role of the risk management function in risk culture. The place of other staff in risk culture. Evaluating risk culture.
(NFQ Level 8, 5 ECTS)
Economic Capital. Regulatory Capital. The different types of capital instruments. CRD IV. Risk Weighted Assets. ICAAP. Risk and Return Methodologies. Customer Grading and Scoring. Principles of Credit Risk Management. Calculation of Impairment Provisions.
(NFQ Level 8, 5 ECTS)
Asset and Liability Management. The underlying risks inherent in a balance sheet, e.g. liquidity risk. The main pre-crisis practices in liquidity risk management that lead to unstable balance sheet structures. The impact of current regulatory developments on balance sheet structures. Pricing for Risk.
This programme enrols three times a year.
Closing date
26 May 2023
Trimester start date
06 June 2023
a) Individuals seeking admission to the Professional Diploma in Banking Risk Management Practices will have 3 years’ experience (full time) in a relevant banking role and completed the Professional Diploma in Financial Advice or equivalent 30 ECTS Level 7 programme.
b) Individuals who possess an honours degree (Min. Hons. 2.2, Level 8 NFQ).
c) Admission will also be considered from experienced professionals who do not meet the minimum admission requirements as set out above, who can demonstrate learning based on work and training experience e.g. Individuals employed in a Risk role with responsibility for decision-making.
You must be a current member of IOB, or become a member, to undertake this programme.
IOB was founded in 1898 by a small group of financial services professionals. Today we are Ireland's largest professional membership community.
Join IOB today