Conduct Risk For Financial Institutions
Learn Conduct Risk from both a Global Head of Model Risk of the major Bank and a former rogue trader Nick Leeson
Why Is This Course?
This type of event represents a unique opportunity for people to meet and question the main participant in arguably one of the most memorable and significant banking scandals that the world has witnessed. The story also has a number of human interest aspects that will astound any audience so is not restricted to the world of suits and powerlunches that he used to frequent.
Main Benefits.
- Understand how culture and conduct impact everyday working situations in financial services
- Gain insight into culture dynamics (tone from the top, mood in the middle, etc.)
- Be introduced to individual behaviour elements and how these can impact conduct
- Receive updates on global trends in culture and conduct
- Understand ethical resilience and other methods to balance behaviour and culture dynamics
SYLLABUS
DAY1
1. Introductions – do student introduce themselves?
2. Case Study #1 – remote working
3. What is conduct risk?
- Definition & overview
- Regulatory environment
4. Behaviour
- Psychology and culture as contributing factors to drivers for misconduct
5. A brief history of conduct risk
6. The rise of the importance of culture
- The street corner you’re on
7. Global trends in culture and conduct
8. Personal conduct
- With scenarios
9. Q&A
DAY2
1. Case Study #2 - Barings
2. A brief journey through the recent history of markets misconduct
3. Markets codes of conduct
4. Markets – behavioural cluster analysis: why history repeats itself
5. Conflicts of interest
6. Supervision
7. Q & A
DAY3
1. Case study: Archegos
2. Ethical resilience - How organisational behaviour can derail individual morality, what happens in organisations
(practical research), how to counter the factors
3. EthicEyes questionnaire debrief - results of the 360 questionnaires will be shared on an un attributable basis,
key themes identified and suggested actions discussed based on the results gathered. (guest speaker departs)
4. Conduct planning (supported by questionnaire)
5. Q&A – ask us anything
Who is this course for
This training is intended but not limited for front and middle officers. The course is equally ideal for those who require an understanding of conduct risk practices in financial institutions.
Lectors
Cosette Reczek, Global Head, Financial Markets Model Risk & Model Change Management at Standard Chartered Bank
In 2018 she was appointed Chief Executive Officer of Conduct Academy, which delivers culture and conduct training for boards, executive committees, and front-office supervisors. Cosette now maintains a portfolio career with advisory and training work focused on governance, culture, conduct, and risk management.
Nick Leeson, Former Trader, Barings Bank
Nick Leeson a.k.a. the “rogue trader” that broke Barings Bank is one of the UK’s most sought-after speakers on the global speaking circuit. Curiosity, intrigue and sympathy have been the various reactions to this mans’ incredible life story. The collapse of Barings and Nick Leeson’s role in it is one of the most spectacular debacles in modern financial history.
How could one trader bring down the banking empire that had funded the Napoleonic Wars? Nick Leeson, the young gambler who found him self sucked into a terrifying spiral of loss, was a working class boy who lived high in an upper class world until his unchecked gambling caused the downfall of Barings, the Banker to the English Peerage and caused chaos in the Singaporean money market.
Markets have always been cruel but rarely have they been so cruel, so swiftly and on such a grand a scale. Nick talks frankly about what happened, the lack of accounting safeguards, his capture and confinement for 9 months in a Frankfurt prison and being sentenced to 6 years by the Singapore court for forgery and cheating.
This type of event represents a unique opportunity for people to meet and question the main participant in arguably one of the most memorable and significant banking scandals that the world has witnessed. The story also has a number of human interest aspects that will astound any audience so is not restricted to the world of suits and power lunches that he used to frequent.
Your Instructor
Riskmathics Financial Innovation, S.C., a company established in Mexico, which offers high-level courses, consulting and research in the fields of Risk Management, Derivative Products and other Quantitative Finance sectors.
RiskMathics was born with a new and clear vision of the requirements and skills that people who actively participate in financial markets must have and at the same time of the new body of knowledge with which academics oriented in this field they should keep in mind.
Course Curriculum
Conduct Risk for Professional Institutions
Available in
days
days
after you enroll
What Others Are Saying about our courses
"This course far exceeded my expectations. Good distribution of the program 65% quantitative, 35% qualitative. They taught us everything from different programming languages (r, stata, python) to classes with Nick Leeson about the importance of risk management and the Barings Bank case."
Jorge Manuel Celis Cidon, Deputy Director, Grupo Financiero Banorte - testimonial on the Diploma in Risk Management course
Highly qualified exhibitors with extensive experience in the financial field. Great synergy between theory and practice, recommended for the depth in the operation, valuation and structure of derivatives. It is dynamic and very useful for understanding the modules in current market issues.
Yoselyn Palmer, Financial & Economic Analyst, testimonial on the Diploma in Derivative Products course
Frequently Asked Questions
When does the course start and finish?
The course starts on March 28 and is available both online and in-class
Do I get a certificate?
Upon successful completion of all quizzes and exercises you will get a Certificate of Completion from Global Risk Academy.