Risk Management Courses

1. How To Become A Successful Risk Manager

2. What is Risk Management? Risk management! As the name speaks loudly for itself, it is the identification and assessment of the risk. To sum up the definition for you, it involves reducing or eliminating the risk. Risk Management is a field in financial management services and different enterprises that includes recognizing, evaluating, and measuring major business risks. Measures are then taken to turn away, control, or decrease these risks. www.nulearn.in

3. Duties of a Risk Manager • Create, implement, and authorize rules and methodology intended to relieve risks. • Set arrangements in regards to data security in close organization with their particular firms' data innovation groups. • Utilize different financial instruments and agreements to control risks, for example, insurance, swaps, subsidiaries, fates agreements, and options contracts. • Address default on loans stretched out by the firm. • Monitor protections inventories held by merchants. • Monitors misfortunes on investment securities held for the company's record. • Evaluate counter-party chance when another money related firm fails in its commitments to the firm. www.nulearn.in

4. Skills Required to become a Successful Risk Manager

5. 1. Problem Solving Risk management is a strategic business. At the higher levels, you may be designing risk management solutions and processes for an entire organisation. You’ll need to be both thorough and creative in your approach. Thus, during any task, job, or discussion, don’t be afraid to ask questions for clarification or elaboration; information is crucial to implementing ERM. www.nulearn.in www.nulearn.in

6. 2. Analytical Skills The cornerstone of risk management is analyzing risks, evaluating their potential effects and balancing them against the company’s overall risk appetite. Many risk managers will make the mistake of including a lot of data in their reports without proper analysis. As a result, readers of these reports will only be confused and overwhelmed by the information. Risk managers should place focus on the analysis, with the referenced data added to the appendix. Insightful and valuable analyses do not necessarily have to include numbers. www.nulearn.in www.nulearn.in

7. 3. Communication Skills Part of risk management is making sure everyone understands any significant risks and the company’s risk management strategy. This means communicating with all different audiences, from the board of directors to individual employees. Language skills are also important in risk management as they can be used to communicate with all types of people. www.nulearn.in www.nulearn.in

8. 4. Business understanding To identify and estimate the risks to a company, you have to understand how the business works and all the different internal and external factors that can affect its performance. Statistically, there has been an increase in the number of CROs that become CEOs. It is because CEO is the ultimate risk-reward decision-maker. Risk managers also need to know how business works and its effect on risk management; they are like a counsellor that provides advice on whether a certain activity will be beneficial to the company or not. www.nulearn.in www.nulearn.in

9. 5. Negotiations & Diplomacy It’s never as simple as just creating a risk management policy. You have to negotiate with other departments to decide what’s possible, convince staff to be risk-aware, liaise with auditors and justify yourself to your bosses. Part of your job is to be convincing. Be polite and friendly to everyone you meet, including reception staff and assistants. Part of diplomacy is coming across as calm, trustworthy and cool in a crisis. If you’re nervous, smile and fake it till you make it. www.nulearn.in www.nulearn.in

10. 6. Numeracy Risk analysis involves a lot of numbers – costs, estimated risks, probabilities and so on – and while you don’t need to be a mathematician, you do need to be comfortable and confident with calculations. If you’re faced with a numerical question, take a deep breath and think through how to approach it before you dive in. www.nulearn.in www.nulearn.in

11. 7. Working under Pressure Risks can change in an instant when something unexpected occurs and you need to be able to update your strategies and react at a moment’s notice. If things go wrong, your business continuity/backup plans need to save the day. Obviously, stay as calm as you can and don’t get flustered by unexpected questions. You’re allowed to stop and think before you give your answer. Part of working well under pressure is knowing how to avoid extra pressure. find the hobby to ease the pressure. Or try to do something that will slow down your brain activity before go to sleep like listening to music or watching a movie. If you get your work in well before the deadline, you’re demonstrating that you can keep your cool during a stressful work process and not let things spiral out of control. www.nulearn.in www.nulearn.in

12. 8. Collaborative skills One of the major roles of a risk manager is to be the person that knows everything in the company: access to information is part of effective risk management. Teamwork over individual gain is beneficial for the greater good of the company. Sometimes, risk managers also need to learn to sacrifice their short-term needs for the company. Defeat your own ego and pride so that you can easily work together with team or other department. Risk managers also need to be anti-silo in order to facilitate collaboration as well as sharing between teams and team members. www.nulearn.in www.nulearn.in

13. 9. Technical competency A successful risk manager has to possess competency in technical skills. A good pathway towards competency is to get a certificate in risk management; continuous professional education is important in order to keep learning and improve. To keep updated on risk management best practices, risk managers always need to do research, reading and also a lot of networking. www.nulearn.in www.nulearn.in

14. 10. Character Last but not least: character. Risk managers have to have independence and integrity, integrity, integrity. A good risk manager must simply know what is right and what is wrong. A good risk manager also needs to stand firm on their decisions and will not be easily persuaded by other people with their own agenda. No matter how good you are in other things, if you do not have a good character, everything else will fall apart. www.nulearn.in www.nulearn.in

15. Career Prospects of a Risk Manager • Risk analyst • Risk advisor • Safety consultant • Loss control specialist • Chief risk officer • Risk specialist www.nulearn.in

16. From Where to pursue Risk Management Course?

17. Choose an IIM Certified Risk Management course for better career Nulearn provides this amazing career changing opportunity to pursue financial risk courses for risk managers from India’s best institute, IIM Kashipur. This AFRM course is full of hands-on and implementation of tools and techniques using recent market data. The course will provide the practitioner’s perspective in measuring various kinds of financial risks. It attempts to strike a balance between institutional details, theoretical foundations, and practical applications. You will get regular classes, live projects and learn from India’s leading faculty. You can get more information on Nulearn’s official website. www.nulearn.in

18. Course Description: The course is full of hands-on and implementation of tools and techniques using recent market data. The course will provide the practitioner’s perspective in measuring various kinds of financial risks. It attempts to strike a balance between institutional details, theoretical foundations, and practical applications. The course will extensively make use of MS Excel and R. Who Should Attend & Course Pedagogy? • Entrepreneurs/Finance Heads & Leaders, Coordinators and Team Members. • Graduates looking for a career in Finance and Banking. • Working professionals in an organization with an acumen and interest in Applied Financial Risk Management. www.nulearn.in

19. Eligibility: • For Indian Participants – Graduates from a recognized University (UGC/AICTE/DEC/AIU/State Government) in any discipline with Mathematics/Statistics up to 10+2 level. • For International Participants – Graduation or equivalent degree from any recognized University or Institution in their respective country. • Proficiency in English, spoken & written is mandatory. • Working Professionals with a minimum of 3 years of experience. Course Pedagogy: • The form of delivery will be Blended (Campus, Self space and online), with 2 days workshop and a final examination should be conducted by the Institute at the end of the course. All the sessions will be conducted through the digital platform and delivered LIVE by the eminent faculty of IIM Kashipur. www.nulearn.in

20. Course Syllabus: • Basics of Financial Risk Management and Fundamental Probability Theory, Brief Overview of Financial Derivatives • Market Risk Analysis for single asset: Non-parametric and parametric approaches to estimate VaR and Expected shortfall • Market Risk Analysis: For portfolio and an asset influenced by various factors • Risk Measurement in Fixed Income Markets • Credit Risk Measurement • Operational Risk Measurement • Asset Liability Management in Banks – BASEL I, II and III www.nulearn.in

21. Dr. Dilip Kumar holds PhD in Finance and has done his PhD research work at Institute for Financial Management and Research (IFMR) Chennai. Before joining IIM Kashipur, he was a faculty member in the financial engineering department of IFMR Chennai. He has taught various courses such as Simulation Techniques in Finance, Financial Derivatives, Financial Risk Measurement and Management, Financial Engineering using MATLAB etc at both graduate and undergraduate level. His research interests include extreme value volatility estimator, bias correction procedures for efficient estimation of volatility, robust volatility estimators, Modeling extreme value conditional volatility, risk spillover, dynamics in market efficiency under the impact of structural changes in market etc. His current research focuses on developing bias correction procedure for various extreme value volatility estimators. Another segment of his current research is about developing a robust extreme value volatility estimator and proposing a bias correction procedure for the same. He was also an Editorial Associate of the “Journal of Emerging Market Finance” published by sage publication. He is also a Chartered Financial Analyst (CFA) charter holder from the Institute of Chartered Financial Analyst of India. www.nulearn.in