Description
Course Overview
Embedding risk in product development introduces the process of identifying, controlling, and mitigating risks in the development stage. A Financial institution may believe that new products and services offer an advantage over its rivals and a path to higher profits but institutions may face several risks as well. Risk can be approached in several ways and financial institutions that are successful in introducing new products or services employ a structured and repeatable process to manage any associated compliance risks.
In this 1- day workshop, organizations keen to develop products will acquire knowledge of injecting risk assessment and management in development phases and identify controls which are used to mitigate and minimize inherent risks in products on live environment.
Course Objectives
At the end of the program, participants are expected to:
learn techniques in building risk assessment in product development
map types of risk in each phase of product development
design the appropriate controls in each phase of product development
Target Audience
Line Managers
Product Design Teams
Product Managers
Course Outline
The Program is delivered using a combination of instructor-led lectures, case study and exercises on practical implementation of the concepts discussed within the training. The topics presented below define the areas of focus under the program.
Introduction & Overview of Embedded Risk in New Product Development
Considerations and Risk in the phases of Development
Strategic Consideration
Resources and expertise
Third Parties
Risk Management
Product Design
Fairness
Complexity
Risk Analysis
Marketing
Advertisements
Risk Management
Product Delivery
Steering Risk
Role of compensation and incentives
Origination or Consummation
Disclosures
Incentives and compensation structures
Pricing and underwriting discretion
Product Use and Duration
Regulatory requirements and guidance
Complaints
Termination
Financial Institution Initiated Termination
Product Maturity and Voluntary Account Closures
Case Studies
Workshop Exercises
Schedule:
January 15, 2020 (Wednesday); 8:30 A.M. to 5:00 P.M.
Venue:
Dusit Thani Manila, Ayala Center, Makati City.