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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting learning@euromoney.com

 

Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.


Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund




Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 


Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

 

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Chief Risk Officer (CRO) Programme

Enhance your knowledge in strategic executive-level risk management
  • The virtual course will be delivered using online meeting rooms technology. To understand more, please contact learning@euromoney.com

     

    This course is designed to help participants understand the best-practice essentials of undertaking modern and strategic, executive-level risk management (i.e., Chief Risk Officer duties). In the course we learn how risk management should be defined and structured—both conceptually and functionally—so that a CRO can offer the best support to his or her business colleagues, CEO and board. In particular, we focus on how it is essential for the CRO to establish an effective, enterprise risk management (ERM) function that acts as a “strategic enabler”: focusing principally on addressing the challenges that impact the overall, corporate strategy and the achievement of business objectives. We explore everything from the tools and methods that a CRO must make part of his or her toolkit to the human resource and psychological challenges that he or she is likely to face in defining and establishing his or her CRO role.


    Format: This course is specifically designed for virtual delivery with materials and sessions tested for applicability in a virtual environment. Participants will be guided through each phase and module. with numerous breaks and participation exercises (and assessments) aimed virtual knowledge transfer.

    Key Course Highlights Include:
    • Step-by-step guidance in how to design, develop, establish and implement an entire, enterprise-wide risk function from the board-level down to detailed operations
    • In-depth discussion of the roles and responsibilities of the CRO, the executive team colleagues, the CEO and board
    • Exercises in how the CRO is to implement the ERM Process Steps and align his or her risk function with the company’s strategic objectives
    • Introduction of various tools and methods for developing a risk strategy for the purpose of embedding risk within the organization and catalyzing oversight
    • An outline of the ideal reporting framework for a CRO, that is principally more strategic and forward-looking than traditional, backwards reporting
    • Guidance in how to address internal political as well as practical challenges in establishing an effective risk function and executing the CRO role
    • In-depth discussion of how to guide and instruct the board in the formation or restructuring of the risk committee, its agenda and purpose, in conjunction with its dependence upon the CRO
    • Learning how to develop the personnel and management structure of a risk function, from hiring, tooling and training to the equipping of risk analysts with the appropriate systems

    Virtual Format: The virtual training room (VTR) format for the course will follow the principle of the “flipped classroom design”. In other words, to enhance the digital experience, core course content will be delivered via pre-recorded (video and audio) modules and written content, while interaction, Q&A and assignment discussion will take place via frequent, live, webinars with the instructor and participants.

    This structure has several advantages, including a greater focus on discussion and interaction between participants, relative to what is possible during live, interaction (traditional) trainings, including:
    • We can more easily tailor the materials and the course itself to the specific needs of attendees
    • Engagement by participants will be enhanced by active assignments and interactive calls rather than primarily lecture and discussion
    • Greater material can be covered in a shorter amount of time
    The original CRO School outline has been augmented for VTR format with VTR structure indicated in red below. (NOTE: While the content below remains the same we have changed the order slightly in some cases to enhance the learning experience.)

    NOTE: All examples and sessions involve spreadsheet examples that will be provided to participants
  • Day One


    Introduction

    • Course overview
    • Key takeaways

     

    Fitting Into the Role
    • Challenges facing the CRO
      • Defining the CRO role and championing “risk” in the organization
      • Making risk strategic
      • Executing the role
      • Dealing with major challenges

    • Defining the CRO Role
      • Distinguishing the CRO from traditional “Head of Risk” roles
        • Forward-, not backward-looking
        • Strategic, not remedial
        • Tooled and professional, not merely experienced and conservative
        • Why capital and provisioning aren’t useful for CROs
        • Avoiding the traps:
            • Reviewing past exposures
            • Confusion with audit
            • Preoccupation with the irrelevant
            • Behaving like a policeman instead of a colleague
            • Failing to heed ignorance of risk
      • Steps to defining the role
        • New definitions: defining risk management
        • New concepts: Enterprise Risk Management (ERM)
          • What is enterprise risk management (ERM)?
        • New design: Establishing a collaborative, executive role
        • New purpose: Purely strategic focus
        • Defining the risk-related roles of the other executives, CEO and Board

    • In class exercise and readings


    Day Two

     

    • Making Risk Strategic
      • Understanding how ERM is strategic
      • Performance and cascading of performance
        • Key performance Indicators (KPIs) and Key Risk Indicators (KRIs)
      • The ERM Process
      • Exercise: Implementing the ERM Process
      • Using a SWOT analysis
      • Developing a “risk strategy”

    • Executing the Role
      • The day-to-day of the CRO
      • Reliance upon the business, business reliance upon the CRO
      • Working with the board and the board risk committee
      • Working with internal audit and compliance
     
    • Dealing with major challenges
      • Non-acceptance
      • Improper positioning
      • Disasters and major losses that could not be avoided or are non-strategic
      • Poor internal governance

    • Case Exercise

     

    Day Three

     

    Building the Risk Function

    • Creating and/or restructuring the ERM Function
      • Structuring of the function
      • HR-related issues
      • Interaction with the business
      • Interaction with the board
     
    • The Board-level structures
      • Developing the Board Risk Committee
        • Who should be on the committee?
        • How should the committee work?
      • Acting as secretary to the Committee
        • Duties and exceptions
      • Creating a charter
        • Powers, voting powers and structure
      • Enlisting input from other directors
        • Responsibilities of executives to the Board Committee
      • Creating a board-level meeting agenda
        • Summaries and market dynamics
        • Connecting risk exposure to what director’s need to know
      • Guiding risk profile, risk appetite and risk tolerance-setting
      • Establishing an effective structure for board-level oversight
     
    • Developing a reporting apparatus
      • Content of a solid, risk strategy report
     
    • The Executive-level structures
      • The CRO and the EXCO
        • Membership but not voting rights
        • Supporting risk due diligence of strategic initiatives
          • Mapping out strategies
          • Strategic analysis
      • The practical matters of the team to support EXCO (“EXCO Analysts”)
        • How should the team members be selected?
        • How do they relate to the CRO and to their other executive bosses?
      • Working independently with other executive-team members
        • Interacting with other team members
        • Being supportive and not a policeman
        • Gaining trust
        • Case Exercise


    Day Four


    Skills that the CRO Needs

    • Non-Cognitive Skills
      • Leadership quality
      • Teamwork abilities and teamwork orientation
      • Attention to detail
      • Tireless, goal-centeredness
      • Humility
      • Emotional intelligence
      • Appreciation of the “Big Picture”
      • Rapport with difficult, business executives and the CEO
      • Conscious attitude to rooting out self-biases
     
    • Higher cognitive skills
      • Risk professional status
        • FRM, PRM other certifications?
      • Statistics and analytical orientation
        • Value-at-Risk (VaR) and tail loss essentials
      • Analytical abilities
      • Ability to review technical work
      • Sufficient understanding of technical aspects of the business
      • Predictive analytics
      • Performance analytics
      • Data and systems knowledge
     
    • Case Exercise and discussion of readings


    Day Five


    Knowledge of Risk Areas

    • Financial risk
    • Strategic risk
    • Operational risk
    • Emerging risks

     

    Compliance (Examples)
    • Basel III
    • Dodd-Frank
    • Sarbanes-Oxley
    • Other issues and concluding remarks

     

    Course summary and close

  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Maurice Ewing

    Biography

    Maurice holds a PhD, is an experienced executive, Chief Risk Officer (CRO), board member and consultant. He is the founder and CEO of Conquer Risk, a consulting firm that conducts investment due diligence of corporates and banks, specialising in emerging and frontier markets. Until recently, the instructor held the group CRO role for one of Africa's largest banks for which he developed the entire enterprise risk management (ERM) and risk oversight functions, sitting on the board and managing over 400 people within 10 departments, spanning 5 countries. He is a sought after speaker on risk oversight, strategy and corporate governance but has also trained numerous management teams in predictive analytics, market intelligence acquisition and internal model development for Basel II & Basel III purposes. He previously taught Executive-MBAs on the full-time finance faculty of the Kellogg-HKUST business program and, before that, worked as a regulator for both the New York Federal Reserve and the Board of Governors. A former dissertation advisee of Ben Bernanke, the US Federal Reserve Chairman, the instructor holds a PhD and MA in economics from Princeton University and a BA in Economics and Mathematics from Northwestern University. He was recently selected out of over 50,000 candidates to the prestigious board of the Professional Risk Manager's International Association as a Subject Matter Expert on ERM. He is also a certified Financial Risk Manager (FRM) with the Global Association of Risk Professionals.