Enterprise Risk Management and Practical Approach to Risk Assessment and Stress Testing, 27 – 29 March, 2019, New Africa Hotel-Dar es Salaam

The Institute of Risk Management Tanzania (IRMT) invites interested individuals for the advanced risk management training for the management and technical staff as follows:

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Target Audience

Risk Directors, Risk Managers, Risk Officers, Senior and middle level Managers, Operations Managers and Officers, Accountants, Auditors, Treasury Managers and Officers, Risk Managers and Officers, Operational Risk Managers and Officers, Compliance Managers and Officers, Consultants, Corporate Business Executives, Quality Controllers, Planners, Statisticians.

Course Coordinator

Frank +255 756 474 488 or +255 +255 713 237 733 or visit website: www.irmt.or.tz or you may send an email info@irmtz.or.tz or visit our offices on address detailed below.

Course Overview

Introduction
Organizations in the world have been facing uncertain environment in their operations due to shocks, crisis, competition and many other types of risky situations. On the other side governments through regulatory authorities and agencies are regularly enacting and imposing laws and regulations on organizations in industries to establish level playing field and industrial standards that guarantee success and sustainability. Apart from all authorities’ efforts to support organizations’ corporate initiatives, there has been need for organizations to ensure that they are able to assess themselves as a mechanism of guaranteeing growth, and sustainability.

Under the situation, “Stress Testing” has been a practical tool for organizations to assess their operations “Beyond Regulations” while considering potential impact on their business.

Course Objective

The course enables participants gain insights on corporate risks assessment, and governance in organizations as tools for creating assurance in achievement of corporate objectives with focus on how best organizations gain value from stress testing and how the results can be used to improve strategic decision making to maintain organizational position and resilience.

Course content

• Conceptual Framework of Risk and Risk Management
• Understanding Risk Strategy and framework (Risk Architecture, Strategy and Protocol).
• Overview and essence of Enterprise Risk Management(ERM)
• Enterprise Risk Management(ERM) Versus strategy setting and organizational performance
• Understanding ERM standards and framework (ISO 31000 ANZ ERM).
• Understanding Enterprise Risk Management (ERM) Analytics package.
• Risk assessment process and risk management drivers(carrot & stick)
• Meaning and essence of Stress Testing.
• Stress testing framework.
• Classification of Stress Testing and stress testing scenario (Scenario development and challenges).
• Understanding financial and other related risks in organizations (Expected Vs un-expected losses).
• Understanding practical problems associated with conducting comprehensive stress tests for large corporations.
• Understanding Stress testing as critical investment strategy:- Embedding a greater understanding of how to maximize the gain of business value from stress testing and how to use stress tests in day-to- day business activities
• Understanding stress testing and alignment with other business activities (Capital planning, setting capital buffer, budgeting, and recovery planning, new product decisions).
• Understanding the imbalance between regulatory and internal stress testing in
• Effectiveness of regulatory stress testing in assessing organizational
• Micro and macro scenario of stress testing.
• Preparation of stress testing report(with recommendation to management)
• Assessing risk culture and maturity in an organization.

Course Information

1. The Fees includes the costs for the training venue, stationeries and refreshments during the training session.
2. The fees are payable directly to bank account: IRMT Institute of Risk Management Limited Account No. 0150206213700 at CRDB Bank

Risk Management Certification Examination

IRMT announces commencement of Registration for June, 2019 professional examination session. The registration is divided into three levels; Certified Risk Management Professional (CRMP), Certified Financial Services Risk Specialist (CFSRS) and Certified Risk Management Technician (CRMT). The details for qualification and registration requirement are available on our website: www. irmt.or.tz or visit the IRMT offices: The Institute of Risk Management, Pamba House, 1st Floor, Old Dar Es Salaam Road, P.O.Box 6327, Morogoro or
Dar es Salaam Office at Oysterbay, Dar Free Market, 1st Floor Office No.22 or you may call us at numbers +255 756 474 488, +255 23 77 33, +255 683 265 218 or email info@irmt.or.tz