Electronic Training

Austega provides both electronic and face-to-face training to support change

WITH RAPIDLY CHANGING markets and industry pressures, and with the application of technology to all aspects of a complex organization, continually updating staff skills is becoming more critical at the same time as staff time available for training is becoming scarcer. No longer can financial and other complex organisations afford to have surplus staff able to step in when a key staff member is training or, worse, suddenly becomes no longer available.

Bringing in new enterprise-wide frameworks at the management level across a far-flung organization for risk management or business continuity can no longer assume that key stakeholders will be able or willing to attend face-to-face training.

Training for complex organizations today needs to be

on-the-job (ie at the place where the work is being done),
just-in-time (ie at the exact time of need), and
easily updatable (to take into account changes in data, structure and even approach).

Effective training also needs presented by experts who know their audience's concerns as well as needs. Austega specialises in risk management and related strategic management issues.

Austega brings content knowledge, train-the-trainer and adult-oriented teaching skills and web, intranet and multimedia delivery capacity (we author on both Macromedia and Microsoft products). Contact us for futher information.

Public Operational Risk Training

To date we have delivered tailored training to the particular needs of organizations. We are currently scoping the delivery of a public course in operational risk management and measurement via the internet. Topics to be covered would include:

Evolution of risk management in banks and other complex organizations
Regulatory developments (obviously including Basel)
Shareholder drivers towards more holistic and complete risk management
Broad vs narrow definitions of risk and of loss impacts
Risk identification - different approaches
Controls, insurance and other mitigants
Loss distributions - possible shapes, cumulative distributions
Risk measurement - different approaches to the same goal
Top-down methods vs bottom up assessment
Loss incident databases
problems and how to deal with them
Aggregating risk capital measures via Monte Carlo simulations
Incorporating correlations
Risk capital by business unit, by product etc
Risk adjusted performance measures
What if analysis for new products, structures, mergers, divestments
Problems with an emphasis on measurement alone
Dynamic risk management with intangible risks
Developing quantifiable indicators
Monitoring critical processes
Business continuity management
Compliance management
Alternative insurance arrangements/risk transfer
Available risk management software - strengths and weaknesses
Cross institution implementation issues and how to avoid problems

Please contact us if you have a possible interest in this course so that we can explicitly take your interests and needs into account.

Last updated:16/5/07

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