The effects of the global financial crisis are still apparent to us all as they work their way through the world economy in the form of widespread public debt and economic slowdown. The events of that period certainly came as a wake-up call for risk management, some even placing the sole blame for the crisis on poor risk management in financial institutions or questioning the fundamental usefulness of risk management as a business discipline.
Risk managers the world over are seeking to improve their ability to manage a diverse risk portfolio, predict hidden risks, and control the impact of risk and third party interdependencies. The ability to bridge the risk gap across the entire enterprise is quickly becoming the leading imperative for today’s financial services institutions.
At Longhall Consulting, we build effective risk management system which offer solutions tailored not only to the industry, but also to the specific company and the sectors in which it operates. With our vast experience, we know that an approach that works well for a refinery may not be the best option for an offshore installation. We therefore, help our Finance industry clients manage their risk in a prioritized manner, and then communicate risk judgments effectively.
Longhall Consulting Training Case Study
Global Economic Meltdown
After nearly a year of falling commodity prices, rising unemployment, increasing personal and corporate bankruptcies, falling stock prices, and declining public confidence, the National Bureau of Economic Research made it official and on November 26, 2001, declared a recession. The announcement wasn't a surprise to hundreds of thousands of people who had lost their jobs and an even greater number of investors who had experienced substantial losses in the stock market.
The bureau's Business Cycle Dating Committee of six academic economists determined the recession commenced in March 2001, when economic activity stopped growing. Although many economists use declines in gross domestic product to define a recession, the NBER Dating Committee examined employment, industrial production, manufacturing and trade sales, and personal income. The country's last previous recession lasted eight months and ended in March 1991. The subsequent ten-year period of uninterrupted growth between March 1991 and March 2001 was the longest in America's history.
Why Financial Services Risk Management?
It is now becoming increasingly evident that a well-structured approach to the Management of Risk is essential when organizations have to make informed decisions with regards to improving performance through change initiatives.
Risk is uncertainty of outcome: it is posed by any eventuality that may occur and that may affect an organization’s ability to meet its business objectives. In these uncertain times Managing Risk is crucial to business success.
Every organization manages risk, but not always in a way that is visible, repeatable and constantly applied to support decision making. Recent developments have seen heightened concern and focus on Risk Management, and it became increasingly clear that a need exists for a robust framework to effectively identify, assess, and manage risk.
The Longhall Consulting Financial Services Risk Management Training is based on the OGC M_o_R Framework, it combines quality training instruction delivered by seasoned industry practitioners, practical class sessions tailored towards managing projects in the Finance industry, video documentary case studies of some of the industry's most important projects and a classroom experience that leaves you with knowledge and confidence that comes with delivering successful projects.
What is M_o_R®?
Owned and being maintained by the British Government’s OGC, M_o_R® provides a generic framework for the Management of Risk across all parts of an organization - strategic, programme, project and operational. It incorporates all the activities required to identify and control the exposure to any type of risk which may have an impact on the achievement of the organization’s business objectives.
M_o_R® covers a wide range of topics, including business continuity management, security, project/programme risk management and operational service management. These topics need to be placed into the context of an organization framework for the Management of Risk.
About our Financial Services Risk Management course
The Longhall Consulting Financial Risk Management Training combines high quality service delivery by Financial Experts with practical sessions plus video presentation on the great economic depression. There will also be interactive and networking sessions among participants to enable knowledge sharing.
Other benefits include:
- The level of instruction is adequate for those who intend to sit for the M_o_R® certification exam
- Training folder containing training manual, pen, and other items
- Top class catering services
Who Should Attend?
- Anyone working in the financial services industry
- Project accountants, management accountants
- Financial risk managers
Oil and Gas Training Schedule
Lagos Training Details:
Duration: 5 days
Date: 13th - 17th of October, 2011
Time: 9am - 4pm daily
Venue: 175A, Moshood Olugbami Street, Off Ligali Ayorinde, Victoria Island, Lagos.
Training Booking and Registration
Payment for the Financial Services- Risk Management course is due five (5) working days before the commencement of each training.
For Booking and Registration Contact:
LIMITED SPACES AVAILABLE - BOOKING IS ON A FIRST-COME-FIRST-SERVED BASIS
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