Course Code: 304

Duration: 1 day

Level: Management level

Fee: $795.00

Instructor: Callie McDowell / Kevin Fisher

CPE Credits: 7

Prerequisite: College level management training and ten years experience working in the securities industry is recommended (but not required) with senior management responsibilities.

Globalization of financial markets, changing international banking regulations, the recent credit crisis, and the complexity of financial products call for a dramatic change in risk management practices throughout the market. Yet many industry leaders remain skeptical about an institution?s ability to manage risk in a depressed market.

Effective risk management practitioners must be responsible for understanding operational and performance impact of risk, theories and regulations that shape business practices.  Managers throughout organizations must be able to evaluate the effectiveness and efficiency of your organization's risk management practices and anticipate the consequences of conflicting objectives and failures in judgment and control.

The implications of global networks and related operational components require careful analysis and understanding of business regulations, technology vulnerabilities and work processes across the market cycles. Each wave of innovation in products, technological and societal change creates a new set of demands for financial services organizations related to risk management. To effectively mitigate risks associated with the latest wave, organizations need to make major cultural shifts.

This one-day seminar has been structured to examine the elements of risks from a management perspective within the securities industry. As business practices are overhauled in the wake of the banking crisis, the risk paradigms will change, and management objectives and operational practices of the past will become less effective. Participants in the workshop will examine the broad implications of risk in today's financial services organizations. Many factors come to bear. Managers at all levels of an organization must:

• Understand the operational environment and the organization's role
• Develop a common theme and dialogue for risk mitigation
• Define the initiatives that will immediately shape organizational practices
• Devise a framework to communicate and conduct risk practices to assure confidence among all stakeholders

This session will introduce the dimensions of risk and provide participants with practical management tools that will build risk awareness in the global market.

• Business environment: where we have been and where we are going
• Trends in business practice that change the nature of risk
• Building a framework for evaluating exposures and risk mitigation
• Best practices to shape risk management across and down each organizational
• Risk mitigation themes for 2010 in the financial industries