Demystifying Digital Risk Management for Senior Management

Target Audience

Board of Directors & Senior Management of commercials banks, NBFCs, corporates, etc. who are responsible for business strategy, digital transformation, IT / cyber security, BCP / DR, operational risk, fraud risk management, internal audit

Training Objective

With widespread digital transformation, there are digital risks emerging which were not experienced before. Focus of the program is to sensitize about digital risks emerging due to digital transformation, its impact on the organization, how to measure these risks, what challenges will be faced during this journey and controls & mitigation actions required.

Course Methodology

It will include power point presentations, use of white board / PC / Laptops, case studies, question & answers. There will be 5 sessions of 1.25 hours each day excluding lunch / tea breaks.

Draft Training outline

Topic

  1. Definition of digital strategy/risk
  2. Sources of digital risk
  3. Types of risks emerging out of digital transformation

1. Why Digital Risk is Important & Impact areas of Digital Risk

  • Business Process & Controls
  • Information Security & Cyber Risk
  • Fraud Risk Management
  • BCP / DR
  • Compliance & Data Privacy
  • Third party risk
  • Customer experience/protection

2. Digital Risk Measurement

  • Digital Risk Measurement

3. Controls & Mitigation mechanisms
4. Data, Analytics & Technology requirements
5. Challenges faced during Digital Journey
6. Case Study – how advanced banks have handled these challenges

Demystifying Digital Risk Management for Middle Management

Target Audience

Middle Management of commercials banks, NBFCs, corporates, etc. who are responsible for business strategy, digital transformation, IT / cyber security, BCP / DR, operational risk, fraud risk management, internal audit with experience of more than 5 years

Training Objective

Focus of the program is to sensitize about digital risks emerging due to digital transformation, its impact on the organization, how to measure these risks, what challenges will be faced during this journey and controls & mitigation actions required.

Course Methodology

It will include power point presentations, use of white board / PC / Laptops, case studies, question & answers. There will be 4 sessions of 1.25 hours each day excluding lunch / tea breaks.

Draft Training outline

Topic

  1. Definition of digital risk
  2. Sources of digital risk
  3. Types of risks emerging out of digital transformation

1. Why Digital Risk is Important & Impact areas of Digital Risk

  • Business Process & Controls
  • Information Security & Cyber Risk
  • Fraud Risk Management

  1. BCP / DR
  2. Compliance & Data Privacy
  3. Third party risk
  4. Customer experience

1. Digital Risk Measurement

  • Mechanism to measure Digital Risk

1. Data, Analytics & Technology requirements
2. Challenges faced during Digital Journey
3. Case Study – how advanced banks have handled these challenges

Demystifying Digital Risk Management for Beginners

Target Audience

Freshers / staff of commercials banks, NBFCs, corporates, etc. with less than 3 year experience and who want to develop a career in digital risk management

Training Objective

Focus of the program is to provide knowledge regarding digital transformation and emerging technologies, digital risks emerging due to digital transformation, its impact on the organization, how to measure these risks, what challenges will be faced during this journey and controls & mitigation actions required.

Course Methodology

It will include power point presentations, use of white board / PC / Laptops, case studies, question & answers. There will be 4 sessions of 1.25 hours each day excluding lunch / tea breaks.

Draft Training outline

Topic

  1. Definition of Digital
  2. Emerging technologies
  3. Definition of digital risk
  4. Types of risks emerging out of digital transformation

1. Why Digital Risk is Important & Impact areas of Digital Risk

  • Business Process & Controls
  • Information Security & Cyber Risk

  1. Fraud Risk Management
  2. BCP / DR
  3. Compliance & Data Privacy
  4. Third party risk
  5. Customer experience

  1. Impact & Likelihood
  2. Scenarios
  3. Measurement Models

  •  Data, Analytics & Technology requirements

  •  Case Study – how advanced banks have handled these challenges
  •  Evaluation Test