{"id":7954,"date":"2017-06-19T12:08:20","date_gmt":"2017-06-19T11:08:20","guid":{"rendered":"http:\/\/blog.frankfurt-school.de\/?p=7954"},"modified":"2022-07-01T07:31:22","modified_gmt":"2022-07-01T06:31:22","slug":"origins-of-e-campus-risk-management","status":"publish","type":"post","link":"https:\/\/blog.frankfurt-school.de\/de\/origins-of-e-campus-risk-management\/","title":{"rendered":"Origins of e-Campus: Certified Expert in Risk Management. Are you ready for the challenge?"},"content":{"rendered":"

Hello everyone,<\/p>\n

My name is Joachim Bald and I am the risk expert at Frankfurt School e-Campus.\u00a0 I developed the Certified Expert in Risk Management (CERM)<\/a> and I will be your tutor for all technical questions over the course of the six months..<\/p>\n

Risk is a fact of life in financial services.\u00a0 Essentially, once you are done managing the risks in small business banking and microfinance, what else is there to do?\u00a0 Plan the annual company picnic?\u00a0 But even that is risky:\u00a0 if you spend too lavishly on the band and gift bags that will raise eyebrows among investors and create reputational concerns.<\/p>\n

CERM vs Other Risk courses<\/strong><\/h2>\n

If you are reading this, you are probably shopping for a credential in risk and financial management that will advance your career.\u00a0 We know that the CERM is not the only option:\u00a0 you may also have been looking at the GARP Financial Risk Manager and the PRMIA Professional Risk Manager (PRM) designation. \u00a0\u00a0The other programs are certainly also academically challenging and useful for risk management in any financial sector anywhere.\u00a0 With the FSDF e-Campus CERM under your belt, you can walk proudly among other risk managers knowing that you will speak the same language of risk and master the same theoretical apparatus.<\/p>\n

But where you will leave the others eating your dust is in applying risk management to the particular circumstances of retail financial services in emerging and developing markets.\u00a0 For example, in the CERM you will learn how to design, calculate, interpret and maintain a statistical micro-enterprise credit score.\u00a0 And we will do this with a simple statistical plug-in for Excel without buying an expensive software „solution“ and flying in an army of implementation consultants.\u00a0 It is not that difficult, actually. \u00a0Over 1,000 professionals have already completed the case studies and passed the CERM exams since 2013.\u00a0 This has become a powerful alumni network of risk management experts who are staying in touch within their countries and globally.\u00a0 We will soon be launching the CERM Alumni Club and hope to facilitate this ongoing professional exchange on current challenges in Risk Management practice. \u00a0\u00a0Right now, a topic that is all the rage in our CERM alumni circles are the data and modelling requirements for the IFRS 9 impairment models.\u00a0 How do you deal with the point-in-time estimates of PD, LGD & EAD required for the Expected Credit Loss provisions.\u00a0 \u00a0This is the first you hear about IFRS 9 ECL provisions? Better sign up for the next CERM cycle!\u00a0 We start a new group every March and September.<\/p>\n

How is the CERM different from our other e-Campus programs? \u00a0Well, I don\u2019t want to scare anybody, but my motto is: Risk Management must hurt a little \u2013 otherwise it\u2019s no good!\u00a0 This simply means that we will get into the details and there will be some Excel formulas and databases involved.\u00a0 \u00a0Risk Managers love Excel.\u00a0 It helps us cut through all the bla bla bla of \u201carticulating the risk appetite\u201d.\u00a0 I find that only once I can write something into Excel formulas and make the numbers add up, can I be sure that I have really understood a concept. \u00a0This said, it\u2019s really not about teaching Excel formulas: you can certainly also use Math Lab, SQL, SPSS or even Quattro Pro – now you know what an old guy I am.<\/p>\n

Are you made for CERM?<\/strong><\/h2>\n

Here now is a quick self-test to help you find out whether the CERM is right for you:<\/p>\n

\u00a0(1)\u00a0 As a child, did you always take things apart to see how they work inside?<\/em><\/p>\n

Yes\u00a0 – \u00a05 points
\nNo –\u00a0 \u00a03 points<\/p>\n

\u00a0(2) When you plan holiday gifts for friends and family, do you right-click and start an Excel spreadsheet, or use the resource budgeting function in MS Project ?<\/em><\/p>\n

Yes \u2013 5 points
\nNo –\u00a0 2 points<\/p>\n

\u00a0(3) Do you like to set up dynamically updating scenario models during your lunch break using complex random generator statements?<\/em><\/p>\n

Yes – 5 points
\nNo \u2013 2 points<\/p>\n

\u00a00 \u2013 6 points:\u00a0 \u00a0\u00a0Don\u2019t take the CERM.<\/em>
\n7 \u2013 14 points:\u00a0 The CERM is right for you.<\/em>
\n15 + points:\u00a0\u00a0\u00a0\u00a0 You should apply for my job.<\/em><\/p>\n

Looking forward to seeing you on the e-Campus!<\/p>\n

Joachim<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello everyone, My name is Joachim Bald and I am the risk expert at Frankfurt School e-Campus.\u00a0 I developed the Certified Expert in Risk Management (CERM) and I will be your tutor for all technical questions over the course of the six months.. Risk is a fact of life in financial services.\u00a0 Essentially, once you […]<\/p>\n","protected":false},"author":265,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[357,74,187],"class_list":["post-7954","post","type-post","status-publish","format-standard","hentry","category-executive-education","tag-e-learning","tag-leadership","tag-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/posts\/7954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/users\/265"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/comments?post=7954"}],"version-history":[{"count":4,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/posts\/7954\/revisions"}],"predecessor-version":[{"id":25528,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/posts\/7954\/revisions\/25528"}],"wp:attachment":[{"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/media?parent=7954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/categories?post=7954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.frankfurt-school.de\/de\/wp-json\/wp\/v2\/tags?post=7954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}