Risk Management Framework
Building Effective Risk Management Framework and Programme
Oleseren Hotel, Kenya
17th and 18th February 2011
Forget the theories. This workshop gives you a practical
step by step hand holding on how to set up an effective Risk
Management Framework in your organization.
“An organisation’s ability to learn and translate that learning
into action rapidly is the ultimate competitive advantage.”
- Jack Welch
Expertly Chaired by:
Josephine M. Mutunga Head of Risk
Fina Bank Kenya
Charles M. Ringera Head - Operational Risk and
Compliance
The impact of global recession on companies has
necessitated that intelligent organisations proactively
pursue corporate control systems capable of efficiently
mitigating business’ exposure to risks and controlling
internal processes effectively! This can only be done by
implementing an effective Risk Management Framework in a
structured way that ensures ownership and understating by
all.
Riskos Consulting
Arriving late is better than not arriving at all!
KCB Group Limited
“ERM
Practioners”
Demystifying Risk Management
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Attend this informative event and gain practical insights
into:
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Practical step by step practical and tested
implementation of Risk Management Framework
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Risk Culture creation and ownership across the
organization
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Structures supporting effective risk Management
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Practical case studies on real life Risk Management
scenarios
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Practical Risk
identificarion,measurement,monitoring and control
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Implementation of Enterprise wide Business
Continuity Management.
Your distinguished speaker panel with excellent
presentations by:
Saron Holi Head of Risk Safaricom
Jared Obong’o Head operational Risk CFC Stanbic
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Risk Management as a tool for performance
measurement
Abdallah Abdi Risk Manager Fina Bank
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Risk Register creation
Stephen Lukwago Bank supervision manager Bank of
Uganda
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Key Risk Indicators database creation
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Day 1
Thursday 17th February 2011
0745 Registration and early morning coffee
0815 Opening remarks from the Chair
0830 Session One
Evolution of Risk Management
 Traditional approach of risk management
 Addressing the relevance of Sarbanes Oxley’s guidance on monitoring internal control systems to what is obtainable in
East African market COSO
 Demystifying Basel I, II and III
 Solvency I, II
 Integration of Models and the best practice
1000 Morning tea and networking break
1015 Session TWO
Corporate Governance: Embedding risk management infrastructure within the company culture to enable
company-wide acceptance and management buy-in
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How to formulate a practical ERM strategy that will ensure that every member of the company is a risk owner, how to
ensure support of Directors and other shareholders. Creating a culture of risk management and empowering
stakeholders in risk identification and risk control.
Linking risk management to performance measurements and existing processes to ensure appropriate controls
Embedding risk management measures into organizational culture to enable widespread acceptance
Surviving turbulent times by making all employees adopt risk management as one of their values through continuous
training
Protecting your organization against risk with more integrated, aligned and broader approach to risk management
Setting the risk management tone from top management to ensure that risk management is taken seriously in the
organization
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
1145 Session Three
Case study
Effective ERM performance appraisals and assessment processes
 Selecting the most suitable package for your desired framework and risk approach
 Adjusting to policy and regulation in the most appropriate “riskfreerisk free” manner
 Managing your risk performance and measuring your return on your risk investment
1230 Networking luncheon
1330 Session Five
Risk Identification: Maximizing business process mapping in risk identification and mitigation to cover every
aspect of your business processes
Practical approach to risk identification. useUse of Process mapping, Snap checks, incident reports, Brainstorming sessions and
Exception tracking report.
 Achieving high level compliance management with an effective business process mapping.
 Defining and monitoring constant change-prone processes for better risk identification and mitigation.
 Mapping your processes in accordance with market forces to effectively identify and mitigate risks and sustain customer
loyalty.
 Utilizing effective process mapping to identify potential risks, establish necessary controls and enable world class
documentation process to ensure continuous risk mitigation metrics.
1445Afternoon tea and networking break
1500 Session six
Risk Assessment and Measurement: Conducting appropriate risk assessments to enable informed decisions on
identified business risks and challenges
 Reviewing available risk assessment tools to effectively manage your business’ risk profile
 Measuring perceived risks to determine its value in relation to concrete situations and possible threats
 Identifying your scope of analysis and all stakeholders in the risk assessment process to maximize availability of
information
 Validating your risk assessment processes to effectively integrate risk management and internal control
 Defining and setting targets in risk assessments to limit oversights and to enable continuous improvement
 Risk rating, escalation and reporting
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Day 2
Friday 18th February 2011
0815
0830
Tools
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Opening remarks from the Chair
Session One
for risk management
Policies,
Exception tracking tools,
Guidelines and procedures,
Loan reviews
Internal Surveys/ Questionnaire;
Interviews;
Peer – Brainstorming & Working Groups;
Experimental/ Documented Knowledge;
Risk lists – Lessons Learnt;
Outputs from Risk-Oriented Analysis;
Historical information;
Business Process Reengineering Templates; and
Critical Business Path Analysis.
SWOT Analysis Approach.
Industry bench marking-What has happened to other banks and institutions.
Consider existing controls
Incident investigation – What has gone wrong in the past
Audit and inspection – What risks have been identified in other parts of the bank.
Scenario analysis, Desktop Reviews and tests.
Checklists
1000 Morning tea and networking break
1015 Session TWO
RCA’s
 Control Risk Self assessments
 Risk registers
 Dash Board reporting
 Committee and Committee evaluations
 Board Risk Committee
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
1145 Session Three
Case study
Case: Manipulating top challenges into your ERM strong points
 Evaluating ERM value, defining risk and delegating ERM
 ownership
 Selecting risk methods, approaches and coordinating risk reporting
 Creating ERM time frames and doing ERM appraisals
 Simulations and stress tests and dealing with multiple possible
 scenarios
 Quantitative vs. qualitative risk assessment metrics
1230 Networking luncheon
1330 Session Five
Loss data management
Monitoring, recording, event management and statistics.
1445 Afternoon tea and networking break
1500 Session six
Business continuity management
BIARA, strategies, plans, training and testing
 Building and implementing effective business continuity practices best suited for your organization
 Exploring the key concepts, strategies and tools that go into building good business continuity plans
 Demonstrating proven planning techniques and strategies to help guide the programme
 Presenting the critical key components associated with a business continuity programme
 Developing and implementing strong business continuity practices within your organization
 Adopting maintenance and compliance strategies for your Business Continuity and Disaster Recovery Plans (DRP)
 Assembling and training a disaster recovery team to handle core business aspects that lead to a continuation of
operations
 Building the next generation smarter business resilience engine that will provide effective predictive analysis for risk
management
1630 Closing remarks from the chair and end of conference
1645 Closing remarks from the chair and end of day one
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Who should attend?
Primary and Secondary Market
 Chief Risk Officers
 General Managers
 Directors
 Risk Internal Auditors
 Operational Risk Department Staff
 Heads of Risk
 Business Continuity Coordinators
 Project Managers
 Finance Managers
Both Financial Institutions and non financial institutions, including:
 Banks
 Microfinance Institutions
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Insurance and re-insurance companies
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Investment / merchant banks Financial services providers
 Private Companies
 Parastalas and other Public Corporations.
 Telecommunication Companies
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
About your workshop facilitators
CHARLES M. RINGERA (CHAIRPERSON DATE ONE|)
Charles M. Ringera holds a masters degree in strategic management and Bachelors
of Science in Applied Accounting from Moi and Oxford University respectively. He is
a also a qualified accountant, holding both ACCA and CPA (K) and is a member of
the Institute of Certified Public Accountant of Kenya (ICPAK), where he also serves
as a member of Financial Services Committee .He is a Kenya Branch Council
member of Association of Certified Chartered Accountant (ACCA) where he is the
convener of the Continuous Professional Development (CPD). Charles is currently a
Doctoral of Business Administration student at Washington International
University. He also holds an International Diploma in Advanced Risk Management
from KPMG. Stockholm, Sweden.
JOSEPHINE M. MUTUNGA (CHAIRPERSON DATE TWO|)
Josephine is a seasoned banker of over 14 years’ practical experience in Commercial
banking which cuts across all bank operations. She started her working career as an
Auditor with Coopers and Lybrand and later as a Management and Financial Accountant
with BOC gas in 1996, moved to Prime Bank in 1997 (Head Office Branch).She moved
to K-Rep Bank in 2000 initially as a back Office Officer where she rose through the ranks
to Branch Manager, Treasury Manager, Deputy Chief Operations Manager and Chief
Manager Operations before being deployed to Enterprise Risk Management as a General
Manager Enterprise Risk Management (ERM) in 2005 to set up a Risk Management
Department. In November 2008, she moved on to join Fina Bank as Head of Risk Fina
Bank where she has been setting up an ERM department.
He started his career as a regulator with the Central Bank of Kenya 17 years ago.
He worked extensively as a bank examiner, ailing banks restructuring expert
restructuring successfully 2 commercial banks and facilitated winding up of
another 7 institutions; he also worked as an internal auditor and as a senior
accountant with Deposit Protection Fund Board of CBK.
Within the last 5 years Josephine has developed interest, trained extensively and
worked in Risk Management which is a key pillar in modern banking. Focusing on Risk
Management requires her to understand the business in totality in order to formulate
realistic and workable policy frameworks for a resilient Enterprise-wide Risk
Management in line with shareholder and regulator requirements and to a large extent
the Basel Accord requirements.
In 2004 Charles moved to Co-operative Bank of Kenya as a Senior Manager,
Enterprise wide risk management concentrating on Enterprise wide Risk
After having developed the ERM framework and policy and procedures for Risk Control
Management foundational set up, framework formulation for ERM and ERM
Self Assessment (RCSA), Key Risk Indicators (KRIs), Loss Data Management (LDM),
Governance set up for an effective risk function for the bank. Prior to this he had a Business Continuity Management, and several policies, Josephine is fast tracking the
short stint as a senior credit manager in the same Bank.
implementation of the framework across the group through identification, assessment,
monitoring & reporting, risk control and mitigation plans. She has taken the lead in the
In 2006 Charles moved to KCB Group as the Head of Group Operational Risk and
implementation on Basel 2 across Fina Group. Additionally she is a trainer and has
Compliance overseeing Kenya, Uganda, Sudan, Tanzania and Rwanda. At KCB
trained and spoken in several forums.
Charles has been instrumental in the set up of a functional Group ERM structure
culminating into the appointment of a Group Chief Risk Officer for KCB, a first one Josephine holds a B.Com degree (Accounting Option) from the University of Nairobi, is a
in the industry in the region. He is currently implementing the Group Operational
professional accountant - CPA (K), holdsand holds a Banking AKIB diploma qualification
Risk strategy, automating ORM process and building foundation for implementation from the Kenya Institute of Bankers and Diploma in Advanced Risk Management in
of Basel II Framework.
finance and Banking from Sweden.
Josephine is also a member of the following associations;
Charles has addressed conferences in SA on Risk Mitigation Strategies for fast
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GARP (Global Association for Risk Practitioners) and
growing by Marcusevans amongst others. Charles consults regularly on practical
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Association of Kenya Institute of Bankers (AKIB)
design and implementation of ERM frameworks.
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Risk Management Association of Kenya
He is a founder member of Global Association of Risk Practitioners (GARP), Kenya
chapter and focused in transformational change in risk management practices
within the region.
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Lukwago Stephen
Lukwago Stephen holds a masters degree in Quantitative Economics a Bachelors of Science in Statistics and Economics from Makere University. Additionally he has
received training in the following areas;
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Boulder Microfinance ITC-ILO Turin, Italy
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Project Planning Inter American Development Bank
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Program for Credit Risk Analysts National Institute of Bank Management, India
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Regulation of e-banking MEFMI, Mozambique
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Risk Based IT Auditing MIS Training Institute
He also holds an International Diploma in Advanced Risk Management from
KPMG. Stockholm, Sweden.
He started his career as a commercial banker with Centenary Bank Uganda in 8years ago where he became a well rounded commercial Banker gaining experience in all
units of the bank.
In 2004 Charles moved to Bank of Uganda where he rose across the ranks to become a senior Risk Based Examiner. Bank of Uganda is the sole financial regulatory
body in Uganda is leading the leading institution in adoption of Risk Based examination. As an examiner, he assesses the risk management systems and overall
financial health of commercial banks through Risk–based onsite examinations. Steve has been in the fore front in the institutionalization of Risk Based Examination.
Some of the Key Risks that Steve handles in his day to day examination include; Strategic, Operational, Credit, Liquidity, Interest rate, Compliance and Country Risks.
He is an economist/statistician with wealth of experience in research, data analysis, financial assessment and risk analysis.
Riskos reserves the right to change venue of, or speakers at the conference should circumstances require. The programme will
have the chair and at least four speakers for each day. The speakers will all share their experiences on the said topics with lot
of notes provided at the end of the day.
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Riskos Consulting
Registration Details
Pricing: Exclusive of VAT
One delegate: Kshs 60,000.00
Two delegates: Kshs 55,000
Three Delegates: Kshs 50,000
Nomination Form
Last name (Mr./Mrs./Ms/Dr)
First name
Bank/Company
Position
City
Country
Postal address
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com
Telephone
Email
Fax
Booking Contact
Dietary / special requirements
PAYMENT METHOD
An invoice will be sent upon receipt of this nomination form. Please note, payments must be received prior to course start to
facilitate programme logistics. Pay by any of the following modes:
 Company cheques, bank cheques, drafts or
 Wire transfers.
If paying by draft or cheque, please make the payment to Riskos Consulting.
Authorization
I certify that I have read and understood all details, terms and conditions of this course.
Confirmation
If you have not received written confirmation of your enrollment within 5 days of your booking please contact us.
Tel + 254 20 246111
Mobile 254 752 578941 Email :Riskosconsulting@gmail.com