Risk Management - Case Studies From the 2008 Crisis

Modi'in, Israel (PressExposure) June 02, 2009 -- Citadel Advantage is pleased to announce that it will be presenting its new training course, “Risk Management - Case Studies from the 2008 Crisis” in Johannesburg on 25, 26 & 27 August 2009. This intensive 3-day training course focuses on the 2008 Banking Crisis and shows how poor risk management led to the financial meltdown and the subsequent worldwide economic crisis.

The course in Johannesburg is being presented by Citadel Advantage’s Richard Barr (who is the Course Director and Lead Lecturer), with the assistance of Guest Expert David Alexander.

David Alexander’s unique combination of business experience and insights into scams, fraud and social engineering through personal exposure has equipped him to provide unique insights and cutting edge, innovative social engineering, scam, fraud and economic crime solutions.

The course is aimed at financial professionals from the banking and commercial world and addresses a basic question - as a professional, be it a Risk Manager, or a CPA or an Auditor, how would you have coped with the collapse of the many banks and corporations that we have witnessed over the past 18 months?

Inherent in the course are key issues such as: • How auditors are manipulated. • The systems used and the counter measures needed to detect and combat fraud. • What is the Human Factor and how does it play into managing risk? • What should auditors do (and what NOT to do)? • How one’s own staff and your clients employees need to be managed to avoid fraud, abuse and collusion. • How Bernard Madoff managed to fool so many smart people for so long. • Why the audit system at Satyam Computer Services failed.

This course covers; • Conditions that led to the 2008 crisis. • The 2007 – 2008 crisis – a blow-by-blow account. • Why and where the crisis can be traced to a failure of Operational Risk Management. • Why moral hazard became a real problem. • Emergence of Operational Risk Management (Governance, Risk and Compliance) as a focus point for organisational survival.

Key objectives & learning outcomes are aimed at giving participants; • A clear understanding the human dynamic – How greed and fraud fit into the catastrophic financial disaster • An understanding Operational Risk – The Big Picture. • The knowledge to positioning their organisation to successfully manage the ever-present Operational Risk problem in banking. • A clear understanding of successful approaches to Operational Risk Management. The course is aimed specifically at; • Chartered Accountants/ Certified public Accountants • Internal and External Auditors • Audit staff • Senior Executives • Risk Managers • Operations Managers • Operations Officers. • Business Managers in financial services • I.T. applications providers serving financial institutions • Consultants and professionals serving the financial services industry.

This course offers a unique opportunity to combine the theory of Operations Risk Management with the practical insights into scams, fraud and social engineering.

Additional information may be obtained from courses@citadeladvantage.com

About Citadel Advantage Ltd

Citadel Advantage offers a wide & comprehensive range of professional courses and training for commercial and central banks in the areas of; Operational Risk Management (for Basel II and for back-office risk mitigation), Specific Operational Risk Management areas including Business Continuity Planning, Anti Money Laundering & Payment Systems, and Liquidity Management.

Full details regarding Citadel Advantage may be obtained at;

Press Release Source: http://PressExposure.com/PR/Citadel_Advantage_Ltd.html

Press Release Submitted On: June 02, 2009 at 11:22 am
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