Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

This course is designed to equip central bankers to meet these challenges.

Course introduction

Course introduction session led by the chair

• Introductions and welcome from the chairperson
• Overview of the training course
• Discussion of the delegate expectations

What risks and challenges do central banks face?

• Evolution of the risk management function in central banks
• Emerging external risks – the economy, geopolitics and technology
• Evolving risks from the inside – governance, culture and ethics
• Discussion: What are the key risks in the delegates home jurisdiction

Operating in a multi-mandate environment: a governor’s perspective

• Overview of central banks evolving mandate in 2022
• Implication for external responsibilities and internal functioning
• Impacts of the evolving mandates and what this means for the central bank
• Discussion: experiences from participants’ home jurisdictions

Reputation risk and building trust with employees, clients, shareholders, regulators and the public

• Key factors and dynamics affecting a central banks reputation
• Examples of how to avoid reputational damage through revisionary frameworks and reforms
• Methods and tools of how board members can view operational, financial and reputational risks
• Discussion: establishing the tools that will be used to identify and monitor reputational risks

Enabling the risk function: moving towards an integrated corporate management function

• Overview of new roles, functions and responsibilities of risk management departments
• Impacts of organisational developments on central bank risk management
• Key components of a robust and responsive risk management framework
• Discussion: where and how are risks managed in participants’ central banks?

Building organisational resilience: the role of strategic planning

• Key features of organisational resilience as a strategic goal
• Impact of factors such as corporate culture, risk appetite and risk tolerance
• Examples of tools and frameworks for strategic monitoring and continuous assessment
• Role of interdepartmental cooperation and coordination

A risk appetite framework for central banks

• A risk appetite statement: use of this framework in a central bank
• How this framework can be a means to improve risk culture and awareness
• Achieving sufficient granularity to cover all the main risks of the institution
• Case study: how a central bank covers this issue; the pros and cons

Building resilience through an effective BCP

• Building and managing an effective BCP programme
• Testing and exercising the BC plans to strengthen resilience
• Measures & protocols during Covid-19

Towards sustainability: risk perspectives on greening central banking

• Understanding the connection between central banking and climate-related risks
• A framework for thinking about climate-related risks and their impact
• Implications for policymaking, operations and governance
• What this means for risk management: short, medium and long term

Cyber risk and the evolving threat landscape

• Overview of the current cyber threat landscape
• Emergence of new risks and the evolution of existing risks
• Examples of strategies and responses to digital disruption and cyber attacks
• Discussion: what does it take to resource a modern cyber resilience function?

Internal audit and compliance: efficient operations in three lines of defence set up

• Internal audit – the what and whys
• Independence and objectivity of internal audit functions
• How can internal audit and risk management work together?
• Discussion: your expectations of internal audit and how can you enhance interactions with internal audit at your organisation?

Enhancing the culture of risk management: effective steps for successful implementation

• Key building blocks of the risk awareness culture
• Examples of strategies to strengthen the risk awareness culture in central banks
• The role of risk awareness in organisational resilience
• Discussion: how to build a risk culture for 2022 and beyond

Closing remarks and delegate action plans

• Summary of the course
• Discussion of the observed trends and case studies
• Application of learning points in the delegates’ home organisations
• Preparation of action points

This course hasn't been scheduled yet, however you can request for In-House training