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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

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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.

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Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
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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 CRO Programme 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.

     

    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.)

  • Daily start timings -  9am British Summer Time 

     
     

    Day 1


    Introduction & Overview (2 hours and 30 minutes TOTAL duration)
     
    Zoom Video Live (45 Minutes):
    • Course Overview
    • Key Takeaways
    • How do you define risk in your organization?
    • How do you define the CRO’s role?
     
    Pre-recorded Video (10 minutes) and Slides:
     
    • How most organization’s define risk
    • What CEOs, Boards and Stakeholders want from the CRO
    • Challenges facing the CRO
     - Defining the CRO Role and championing “risk” in the organization
     - Making risk strategic
     - Executing the role
     
    Reading Material (with assignments for each participant)
    • “What CEOs Care About” & Slides (1 hour)
     
    Reference Material
    • Surveys on what CEOs, boards and stakeholders want from CROs and Risk Management Functions
     
    Zoom Video Live (30 minutes): Q&A + discussion
     
     
    Defining the CRO Role (2 hours 20 minutes TOTAL duration)
     
    Pre-recorded Video (20 minutes) and Slides:
    • Distinguishing the CRO from traditional “Head of Risk” roles
    • The Problem with Traditional Risk Management
           - Forward-, not backward-looking
           - Strategic, not remedial
           - Tooled and professional, not merely experienced and conservative
           - Case Example: Why capital and provisioning aren’t useful for (financial) 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
     
    Reading Material (with assignments for each participant)
    • “CRO Case Study” & Slides (1 hour)
     
    Zoom Video Live (1 hour): Concept & Case Discussion and Q&A
     
     
    Establishing the CRO Role Part 1 (2 hours, 20 minutes TOTAL duration)—Identifying and Diagnosing Challenges
     
    Pre-recorded Video (20 minutes) and Slides:
     
    • Challenges with CRO positioning
     - Confusion about defining “risk” and “risk management”
     - Bad Strategy
     
    • Bad Strategy and Poor Execution
     - Evaluating Good versus Bad Strategy
     - Evaluating Good Execution
     - KPIs or Non-KPIs?
     - CRO’s Value Proposition is unknown
     - Mimicking the CFO role, but in risk
     
    • Fixing Both Problems: A Personal Case Study
     - Developing Strategic Risk Management for a Digital
     
    Transformation/Direct Banking, Channels Strategy 
    Reading Material (with assignments for each participant)
    • “Enabling the CRO’s Success” & Slides (1 hour)
     
    Zoom Video Live (1 hour): Concept & Case Discussion and Q&A
     

    Day 2


    Establishing the CRO Role Part 2—“Framework First” (3 hours, 20 minutes TOTAL duration)
     
    Zoom Video Live (30 minutes): Opening and discussion about today’s modules
     
    Pre-recorded Video (20 minutes) and Slides:
    • Introducing Enterprise Risk Management Frameworks: COSO ERM, ISO 31000
    • Steps to defining the CRO role using a best-practice Framework
     - 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
     
    Reading Material (with assignments for each participant)
    • “Effective Positioning of the CRO” & Slides (1 hour)
     
    Zoom Video Live (1 hour): Concept & Case Discussion and Q&A
     
    Making Risk Strategic (90 minutes TOTAL duration)
     
    Pre-Recorded Video/Audio (20 minutes):
    • Understanding how ERM is strategic
    • Performance and cascading of performance
    Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
    • The ERM Process
    • Developing a “risk strategy”
     Reading Material (with assignments for each participant) 30 minutes
    • “Good Strategy/Bad Strategy” summary
     
    Zoom Video Live (30 minutes): Concept & Case Discussion and Q&A and wrap on Day 2
     

    Day 3


    Risk Quantification and some basic technical tools (2 hours TOTAL Duration)
     
    Zoom Video Live (30 minutes): Opening and discussion about today’s modules
     
    Pre-Recorded Video/Audio (30 minutes):
    • Quantification of Risk Management Strategies (Spreadsheet examples)
     - Controllable, Uncontrollable and Residual Risks
    • Quantification of Causal Analysis and Risk Forecasts (Spreadsheet examples)
    • Stress Testing and Scenario Analyses (Spreadsheet examples)
    • Identifying Key Risk Indicators (KRIs)
     
    Reading Material (with assignments for each participant) (1 hour)
    • Case Studies:
          -  Event Risk
          -  Residual Risk
           ***Emerging Risks (Pandemics, disruption, etc.)
     
    Zoom Video Live (30 minutes): Q&A and Discussion

    Risk Governance (2 hours, 20 minutes TOTAL duration)
     
    Pre-recorded Video (20 minutes) and Slides:
     
    • Good Governance
    • 3 Lines of Defence (3LoD) model
    • The key role of “risk champions”
    • Why the CRO is not a custodial worker
     
    Reading Material (with assignments for each participant) (1 hour)
    • Financial Services Board, “Risk Governance”
     
    Zoom Video Live (1 hour): Discussion and Q&A and wrap on Day 3
     

    Day 4

     
    Module 8: Risk Appetite (2 hours, 45 minutes TOTAL duration)
     
    Zoom Video Live (30 minutes): Opening and discussion about Day 4’s modules
     
    Pre-recorded Video (45 minutes in separate video files) and Slides:
    • Defining a risk appetite
    • Using quantitative tools (risk-adjusted performance, Value-at-Risk, etc.) in measuring risk appetite
    • Distinguishing from Risk Tolerance and Risk Profile
     
    Reading Material (with assignments for each participant) (1 hour)
    • Financial Services Board, “Risk Appetite” & Slides
     
     Risk Culture & the Psychology of Risk (2 hours, 45 minutes TOTAL duration)
     
    Pre-recorded Video (45 minutes in separate files) and Slides:
    • Weak Risk Culture and Conduct Risk - The importance of Risk Culture
    • Gauging risk culture in your institution
    - Improving Risk Culture through understanding Psychology
    • Biased Risk Perception
    - What it means
    -  Biased views
    - Cognitive biases and the psychology of bad thinking
    - Major problems biases lead to
    • Understanding the extremes of Group Decision-making
     
    Reading Material (with assignments for each participant) (1 hour)
    • Reading: “The Psychology of Fraud”
     
    Zoom Video Live (1 hour): Discussion on Case Study, Q&A and wrap on Day 4
    OVERNIGHT Reading Material (with assignments for each participant)

    • Case: “Cognitive Bias at the Board Level” (1 hour towards Module 10)
     

    Day 5

     
    Effective Group Decision-making
     
    Zoom Video Live (1 hour): Opening and Discussion of Day 5’s
    Modules; Case Study Discussion of Overnight Reading Material
     
    Pre-recorded Video (20 minutes) and Slides:
    • How to address the biases
    • Choosing a (better than) scientific approach
    • Executive Sessions
    • Designated objectors
    - Reference Material:
    • Behavioural Biases (Lloyd’s of London)
     
    Zoom Video Live (30 minutes): Discussion and Q&A
     
    Attributes of an Effective CRO

    Pre-recorded Video (45 minutes in separate video files) and Slides:
    • Non-Cognitive Skills the CRO needs
    - 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 the CRO needs
    - 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
     
    Reading Material (with assignments for each participant) (1 hour)
    • Case Exercise and discussion of readings
     
    Zoom Video Live (1 hour): Q&A and discussion
     
    Challenges

    • Pre-recorded Video/audio
     
    • Gaining Buy-in
     - Cognitive Biases
     - Illusion of Validity in Forecasting and Strategy-setting
    • Pushback
    Fighting Executive Pushback
    Addressing biases that lead to pushback
    Reading Material (with assignments for each participant) (1 hour)
    • Case Exercise and discussion of readings
     
    CAPSTONE PROJECT

    • Participants are asked to use tools and concepts learned in the course to draft and submit a plan for developing as an effective CRO (template to be provided)
     
    Zoom Video Live (Time depends upon number of participants and discussion length): Discussion of Capstone and Concluding Remarks
     
    Summary Video

  • 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.