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Risk Management Enhancement Training (RMET) Program for Visayas Rural Bank Partners

June 12-14, 2014

Iloilo City



A Risk Management Enhancement Training (RMET) Program for Visayas Rural Bank Partners was conducted by the National Livelihood Development Corporation last June 12 to 14 in Iloilo City. The training program aimed to equip the participants with know-how on risk management, enable them to prepare action plans and to acquire analytical skills towards the crafting of strategies for their respective institutions. 

The program consisted of two (2) parts: a foundation course on risk management, and a simulation of risk management practices that shall be undertaken in the form of workshops. In the first part, the basic concepts of Risk Management was discussed and it served as a pre-requisite to the application of risk management practices to support the operational, administrative and good governance functions of the conduits. Further, it equipped the participants with necessary tools in identifying and analyzing the risks they may be confronted with. 

On the other hand, the second part allowed the participants to apply the tools acquired in Part 1 by analyzing their business requirements, organization structure, roles and responsibilities, policies and procedures, laws and regulations, management reporting and control environment. The course consisted of workshops on RDA or Risk Driver Analysis that focused on assessing the causes or risks whether existing processes and controls are effective and compensating the risks the conduits are taking. The participants, at the end of the module, formulated risk management action plans that will improve their processes, operation, formulated risk management action plans that will improve their processes, operation, performance management and governance.

The participants were Valiant Rural Bank, Inc., Progressive Rural Bank, Inc., First Agro Industrial Rural Bank, and Opportunity Kauswagan Bank, Inc.   



 

 


  

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