Certified Risk Analyst™ (CRA) 20 - 24 Jan 2008 • Dusit Hotel • Dubai 
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Course Agenda
Course Timings: Registration will be at 8:00 on Day One. All five days will commence at 8:30 and conclude at 14:30 with lunch. There will be two refreshment breaks at appropriate times.
Day Two – Monday, 21 January 2008
Day Two discusses and practices the significant risk issues identified during Day One. This section allows you to identify and discuss the major risk categories facing businesses today. In addition, the course leader will introduce you to various tools and techniques that allow for the identification and management of risk. You will develop a toolkit based on simulations and tool sets which will help you in evaluating risk and effectively determining risk strategies.
Risk Exposures And Major Categories
Correct risk management requires an iterative process that allows for the identification of exposures within a corporate setting. The process must be rigorous and subject to review. The key task in the process is the contextualisation of the risks faced and implementation of protective measures to ensure resilience within an organisation.
Categories Of Risk
• Market risk management and market influences
• Liquidity and volatility
• Interest rates
• Foreign exchange
• Operational risk
• Liquidity risk
• Solvency risk
Tools For Identification And Management
• Value at Risk (VaR) – calculation and use
• The concept of hedging
• Use of synthetics and markets
• Portfolio management as a risk tool
• Stress testing
• Risk models discussion and overview
Exercise
You will examine and comment on case studies to enhance your ability to identify risk and develop appropriate strategies. Individual and group exercises will be practised.