Advanced risk management training offered for new banking elite

Elite risk management professionals will be able to take the first advanced programme on risk management for executives at the Wharton School of the University of Pennsylvania.

The programme, which has been formulated by the Risk Management Association, Wharton Executive Education and the Wharton Financial Institutions Center, is designed to integrate risk management with financial management and strategy.

Richard Herring, professor of finance at the Wharton School, said: “Our goal here is not to train the modellers of risk, but to provide analytical education on how to use the models, how to ask the right questions and how to understand the implications for financial management and strategy.”

The programme, which will be presented at the Wharton Executive Education centre in Philadelphia, will cover market, credit, operational and enterprise risk management culture. The first sessions will be held in February and June 2007. The deadline for nominations is September 15, 2006.