University College Dublin
The 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.
(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.
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.
I have been an IOB member since 2010. In the last 10+ years, I changed roles and progressed my career. IOB educational support was one of the enablers of this progress.
When I joined the bank first, I got my QFA designation and just last year I completed the Certified Bank Director program. I would recommend IOB to anyone in banking regardless of what qualifications and experience they already have.
IOB has a genuine interest in all members' future progression and their contribution in making the finance sector 'fit for purpose'. IOB membership is important to me.
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