Risk Management

SUITABLE FOR:

Board Members, Managing Directors, Directors, Director Generals, Senior Managers, Managers, Risk Managers, Credit Management Heads, Financial Controllers, Auditors, Accountants and Advisors on Governance, Insurance Underwriters, Claims Handlers, Brokers and Clients Managers, Banking and Financial Services Professionals, Engineers and Surveyors, etc.

OBJECTIVES:

By the end of the course, delegates will:

• Have an introduction to the theory and practice of risk management.
• Have a greater understanding of the techniques of measuring financial and operational risks.
• Be able to design a performance measurement model.
• Have a better understanding of the enterprise-wide risk management.

WEEK ONE

Introduction to Risk Management

• Definition of Risk
• Impact of risk on governance
• Types of risks
• Development of risk management
• Principles and aims of risk management
• Risk Management frameworks
  • Risk identification / process
  • Exercises

Risk Strategy

• Risk management policy
• Risk assurance documentation
• Risk management responsibilities
• Risk architecture and structure
• Risk aware culture
• Case studies

Risk Assessment

• Risk assessment techniques
• Risk classification systems
• Risk of likelihood and severity
• Reducing likelihood of risk materialising
• Reducing the severity of risk materialising
• Business continuity planning
• Case studies

WEEK TWO

Risk and Organisations

• Corporate governance model
• Stakeholder expectations
• Simplified business model
• Risk management and the business model
• Supply chain management
• Risk management in operations, projects and strategy

Risk Response

• Enterprise risk management
• Importance of risk appetite
• Inherent and current level of risk
• Risk tolerance, treatment, transfer and termination
• Risk control techniques
• Insurance and risk transfer
• Case studies

Risk Assurance and Reporting

• Evaluation of the control environment
• Activities of the internal audit function
• Risk assurance techniques
• Reporting on risk management
• Corporate social responsibility
• Benefits of risk management
• Exercises