Chartered Certified Risk Analyst (CRA) Preparation
Develop a structured, evidence-based way of analysing risk.
About this course
Develop a structured, evidence-based way of analysing risk. Over five days you will review the main categories of risk, follow a clear process for identifying and assessing them, and use basic quantitative and financial techniques to measure exposure.
You will then practise recommending proportionate responses and controls, and turning your analysis into reports that management and the board can act on. A case study and review prepare you for the CRA assessment.
What you'll learn
- Explain the main categories of financial and non-financial risk
- Apply a structured process to identify, assess and prioritise risk
- Use basic quantitative techniques to measure risk exposure
- Interpret financial information as part of a risk assessment
- Recommend responses and controls proportionate to the risk
- Report risk findings clearly to management and the board
Curriculum
- What risk analysis involves
- Credit, market, liquidity and operational risk
- Strategic and reputational risk
- Risk in the governance framework
- Identifying risks
- Assessing likelihood and impact
- Prioritising and mapping risk
- Documenting the analysis
- Basic statistics for risk
- Measuring volatility and exposure
- Introduction to value at risk
- Stress testing and scenarios
- Using financial statements in risk work
- Liquidity and solvency indicators
- Counterparty assessment
- Early warning indicators
- Avoid, reduce, transfer or accept
- Designing proportionate controls
- Key risk indicators
- Monitoring and review
- Writing risk reports
- Presenting to management and the board
- Building a risk-aware culture
- Case study and assessment review
Who it's for
Risk, finance, banking and audit professionals who analyse and report on organisational risk.
Before you start
- Experience in finance, banking, audit or risk
- Comfort with basic statistics and financial statements
Prepares for
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