enterprise risk management (ifoa st9)

This class was created by Brainscape user Rayno Mostert. Visit their profile to learn more about the creator.

Decks in this class (48)

Module 1: What is ERM?
Define what is meant by ordinary ...,
Objective of risk management,
Key elements that distinguish erm...
11  cards
Module 2: Why (E)RM?
5 main reasons for managing risk,
3 main practical benefits of erm ...,
Erm programmes have typically bee...
13  cards
Module 3: Introduction to risk taxonomy
Definition of risk,
A common basic risk categorisatio...,
Market risk
60  cards
Module 4: How to do ERM - internal risk frameworks
Define corporate governance,
Outline the responsibilities of t...,
Outline the responsibilities of l...
37  cards
Module 5: Risk frameworks (mandatory)
5 stakeholders with roles involvi...,
Functional regulation,
United regulation
44  cards
Module 6: Risk frameworks (advisory)
The orange book,
Outline the key principles embedd...,
4 related elements ofthe treasury...
10  cards
Module 7: Risk frameworks (proprietary)
Proprietary risk framework,
Credit rating agency,
3 major credit rating agencies
19  cards
Module 8: ERM processes and structures
What is the role of the second li...,
What is the role of the third lin...,
What is the role of the first lin...
8  cards
Module 9: Risk policy
Risk appetite,
Risk capacity,
Risk tolerance
14  cards
Module 10: Monitoring and communication
Key information in the documentat...,
General considerations in communi...,
Communication can be 2
20  cards
Module 11: Stakeholders
Name 5 categories of company stak...,
Describe the characteristics and ...,
Outline the role of shareholder s...
30  cards
Module 12: Governance / assurance functions and the role of the CRO
A good cro should improve the eff...,
Explain how a cro might be positi...,
Discuss the degree to which the b...
33  cards
Module 13: Business analysis, risk identification and initial assessment
6 step process for risk identific...,
6 idea generation tools to help o...,
7 risk identification techniques
65  cards
Module 14: Introduction to risk measurement
Axioms of coherence 4,
Axiom 1 monotonicity,
Axiom 2 subadditivity
36  cards
Module 15: Introduction to risk modelling
5 examples of quantifiable risks,
Type of model used for analysing ...,
Type of model used for analysing ...
59  cards
Module 16: Statistical Distributions
Binomial distribution description,
Negative binomial distribution de...,
Poisson distribution description
44  cards
Module 17: Time series analysis
Strict stationarity,
Weak stationarity,
Covariance stationarity
16  cards
Module 18: Copulas
A copula must have 3 properties,
Sklars theorem
12  cards
Module 19: Fitting models
Method of moments univariate dist...,
Method of moments copula,
Method of maximum likelihood univ...
14  cards
Module 20: Extreme Value Theory
Why might the form of a distribut...,
Gev distribution,
3 parameters of the gev family
9  cards
Module 21: Uses of models in ERM
3 main uses of models,
Parameter risk,
Model risk
16  cards
Module 22: Assessment of market risks
4 features of observed returns on...,
5 features of observed returns on...,
5 approaches to modelling market ...
31  cards
Module 23: Assessment of credit risk
Credit risk may be decomposed into 2,
Default risk in a portfolio can b...,
Information to assess credit risk...
43  cards
Module 24: Assessment of operational risks
Loss incident databases,
Top down models,
Scenario analysis has benefits in...
35  cards
Module 25: Assessment of other risks
Why are quantitative techniques n...,
The main methods of assessing liq...,
Assessing liquidity risk cash inf...
26  cards
Module 26: Risk optimisation and risk responses
Risk management can optimise the ...,
5 fundamental concepts in risk po...,
2 measures of return that reflect...
38  cards
Module 27: Management of market risk
3 key market risk management stra...,
5 key market risk management acti...,
Market risk policies should cover 7
51  cards
Module 28: Management of credit risk
4 general methods of managing cre...,
5 steps of the credit risk manage...,
Steps of the credit risk manageme...
28  cards
Module 29: Management of operational and other risks
The key to managing operational risk,
5 features of best practice opera...,
11 actions aimed at managing oper...
24  cards
Module 30: Capital management
Solvency capital requirement scr ...,
Calculating credit risk capital i...,
Capital modelling process select ...
58  cards
Module 31: ERM implementation
4 major processes to establish wh...,
When scoping an erm implementatio...,
2 key challenges in erm implement...
24  cards
Module 32: Case studies
To avoid major losses and disaste...,
Lams seven lessons learned
2  cards
Module 33: Principal terms
Agency risk,
Alternative risk transfer art,
As nzs 4360
86  cards
S&P: Evaluating the ERM Practices of Insurance Companies
S p notes that erm 3,
A company that practices risk man...,
The impact of effective risk mana...
30  cards
Past Exam Questions: April 2017
Explain the importance of risk de...,
Define the 95 one day value at risk,
Assess the relevance of downside ...
20  cards
Past Exam Questions: September 2017
Suggest a structure of a small in...,
How might erm considerations have...,
How might issues arise from an er...
22  cards
Past Exam Questions: April 2018
4 main sources of operational ris...,
Comment on the use of expected sh...,
Why might a one month time horizo...
11  cards
Past Exam Questions: September 2016
Outline the uses of capital alloc...,
Assess the possible implications ...,
How might a generalised pareto di...
13  cards
Past Exam Questions: April 2016
State reasons why an organisation...,
Assess the suitabilityfor a new s...,
Suggest information that a compan...
16  cards
Past Exam Questions: September 2015
Describe the likely motivation fo...,
Describe the role of the own risk...,
Outline the advantages of a stand...
15  cards
Past Exam Questions: April 2015
Describe the approach that would ...,
To quantify the economic capital ...,
Explain the importance of erm in ...
7  cards
Past Exam Questions: September 2014
Why might a life insurer charge a...,
Formula for pearsons rho between ...,
Explain what is meant by a risk a...
18  cards
Past Exam Questions: April 2014
Describe the key man risks arisin...,
Outline how key man risks can be ...,
State the advantages of setting u...
19  cards
Past Exam Questions: September 2013
Compare the data typically used f...,
Why is external operational risk ...,
Discuss the advantages and disadv...
41  cards
Past Exam Questions: April 2013
Outline different protection meas...,
Explain the benefits for the insu...,
Describe the process of developin...
13  cards
Past Exam Questions: September 2012
Company a has an erm frameworkcom...,
Describe initiatives that new ins...,
Describe initiatives that would h...
32  cards
Past Exam Questions: April 2012
Discuss when it would be helpful ...,
Outline 5 different types of supe...,
Outline how different types of su...
25  cards
Past Exam Questions: September 2011
Outline the areas to be covered i...,
Describe ways in which management...,
Outline lams seven key lessons le...
14  cards

More about
enterprise risk management (ifoa st9)

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Rayno Mostert's Enterprise Risk Management (IFoA ST9) flashcards for their Stellenbosch University class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Principles of Enterprise Risk Managem...
  • 1 decks
  • 41 flashcards
  • 2 learners
Decks: Units 1 2, And more!
  • 15 decks
  • 412 flashcards
  • 285 learners
Decks: Is3110 Chap 1, Is3110 Chap 2, Is3110 Chap 3, And more!
1 St 9 Weeks Sight Wotds
  • 1 decks
  • 20 flashcards
  • 1 learners
Decks: 1st 9 Weeks Words, And more!
Make Flashcards