CERTIFICATE IN RISK MANAGEMENT

Duration: 3 MONTHS

Course Syllabus

Foundation of Corporate Communication

  • Foundation of Corporate Communication
    • Definition, Risk Process, Risk Organization, Key Risks –Interest, Market, Credit, Currency, Liquidity, Legal, Operational
    • Risk Management V/s Risk Measurement – Managing Risk, Diversification, Investment Strategies and Introduction to Quantitative Risk Measurement and its Limitations
    • Principals of Risk – Alpha, Beta, R squared, Standard Deviation, Risk Exposure Analysis, Risk Immunization, Risk and Summary Measures –Simulation Method, Duration Analysis, Linear and other Statistical Techniques for Internal Control
Understanding Public Relations
  •    Risk Hedging Instruments and Mechanism:
    • Forwards, Futures, Options, Swaps and Arbitrage Techniques, Risk Return Trade off, Markowitz Risk Return Model, Arbitrage Theory, System Audit Significance in Risk Mitigation Advertisement
  •    Enterprise Risk Management: 
    •  Risk Management V/s Enterprise Risk Management, Integrated Enterprise Risk Management, ERM Framework, ERM Process, ERM Matrix, SWOT Analysis, Sample Risk Register
Functions of Corporate Communication and Public Relations
  •  Risk Governance:
    • Importance and Scope of Risk Governance, Risk and Three Lines of Defense, Risk Management and Corporate Governance
  • Risk Assurance:
    •  Purpose and Sources of Risk Assurance, Nature of Risk Assurance, Reports and Challenges of Risk
  • Risk and Stakeholders Expectations:
    • Identifying the Range of Stakeholders and Responding to Stakeholders Expectations
Risk Management in Insurance
  •    Insurance Industry:
    • Global Perspective, Regulatory Framework in India, IRDA – Reforms, Powers, Functions and Duties. Role and Importance of Actuary
  • Players of Insurance Business:
    • Life and Non- Life Insurance, Reinsurance, Bancassurance, Alternative Risk Trance, Insurance Securitization, Pricing of Insurance products, Expected Claim Costs, Risk Classification
  • Claim Management:
    • General Guidelines, Life Insurance, Maturity, Death, Fire, Marine, Motor Insurance and Calculation of Discounted Expected Claim Cost and Fair Premium.

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