Advanced Risk Management

Course (1) Advanced Risk Management
Duration 5 Days
Instructor Jacqueline Elizabeth

Introduction

This programme is designed to provide a fundamental training to managers and executives involved in – or going to be involved in – risk management.  It is an essential building block for all institutions and risk managers who are willing to upgrade their risk management practices, share the best practices in the market and learn more about the current trends and approaches in risk management today.

This 5 days INSTOG Advanced Risk Management programme gives you up-to-date perceptions into the domain of not only risk management but also corporate governance, risk-based audit and risk-based compliance to achieve cooperation among these functions and improve their risk process and harmony especially for those who are looking to become executives in their organizations very soon.

In this training seminar you will learn:

  • Risk Management in the Context of Corporate Governance
  • ERM; Theory & Practice
  • Risk Management, Internal Auditing & Compliance Triangle & Overlapping
  • Risk-based Auditing & Risk-based Compliance; how to implement?
  • Risk Management Taxonomies; recognition, mitigation and reporting

Organizational Impact

This programme gives you the latest perceptions into the domain of risk management, risk-based compliance, risk-based audit and corporate governance, which is very useful for those who are looking to become executives in their organizations in the very near future.

By the end of this programme you will learn:

  • What is Risk Management about and what are the elements of ERM?
  • What are the Risk Management Taxonomies?
  • Best strategies for building high-quality ERM framework to support decision making
  • Risk-based Compliance & Risk-based New Approaches
  • The Risk management, Compliance & Internal Audit Departments’ Triangle

Personal Impact

This programme aims at improving the adaptation of the concept and fundamental components of risk management, which will greatly augment the delegates’ professional risk knowledge and awareness.

Upon the completion of this advanced training course, participants will gain:

  • Improved alignment to mission, vision and values of the organization
  • Increased decision-making agility
  • Handle the Risk Management, Internal Audit and Compliance Overlapping
  • Alignment of Organizational Risks to mission, vision and values of the organization
  • Demonstrate an “Outcome focused and risk based mindset

Who Should Attend?

This programme targets any manager or executive with diversified background looking to learn the fundamentals and taxonomies of Risk Management as it’s presented in a manner that reduces the jargon to basic principles.

This course is suitable to a wide range of professionals but will greatly benefit:

  • Senior Management
  • Risk Management, Internal Audit and Compliance Officers
  • Officers involved in the process of Corporate Governance
  • Strategic Planners and Business Analysts
  • Newcomers to business strategic planning

Methodology

Participants will receive an in-depth training on the subjects covered by the programme outline with the Instructor utilizing a variety of proven adult learning teaching and facilitation techniques. Programme methodology includes group discussions, Quizzes, group presentation etc.

Day Content/Topics
1 Risk Management in the Context of Corporate Governance

  • What is Corporate Governance exactly about? How to enforce it practically?
  • What is the added value of implementing governance in any organization?
  • What are the obstacles and barriers to implement effective governance?
  • What are the most importance Governance Committees?
  • What is the role of Audit Committee & Compliance Committee?
  • How to handle the overlapping among Risk, Compliance & Internal Audit departments?
  • Role of Internal Audit and Compliance Departments at the pandemic times
2 What is Risk Management?

  • Limitations with Traditional Approaches to Risk Management
  • Elements of an ERM Process
  • The Risk Framework:1) Policies 2) Methodologies 3) Infrastructure
  • Risk Management Risk Control Self-Assessment (RCSA)
  • Business Continuity Planning
  • Disaster Recovery Plan vs. BCP
  • Business Impact Analysis (BIA); what are their responsibilities?
  • Help Navigate Risks Triggered by COVID-19
3 Risk Management Taxonomies

  • Financial Risk / Liquidity Risk
  • Operational Risk / Cyber Risk
  • Non-Compliance Risk
  • Market Risk / Systematic Risk / Environmental Risk
  • Legal Risk
  • Fraud Risk / Ethical Behavior Risk / Criminal Behavior Risk
  • Country Risk / Political Risk / Sovereign Risk
  • Strategic Risk
  • Using ERM Principles to Help Navigate Risks Triggered by COVID-19
4 Role of Risk Management Department at the pandemic times

  • Identifying new risks during pandemic hard times
  • Enterprise Risk Management brings many benefits as it takes a front seat in the time of crisis
  • It’s critical to ensure your organization’s focus on examining Business Continuity, Disaster Recovery and Resiliency Plans
  • 7 Steps to Risk Preparedness
  • Using ERM Principles to Help Navigate Risks Triggered by COVID-19
5 Business and Financial Lessons Learned from COVID-19

  • Lessons Revealed by COVID-19
  • Business Lessons Learned by Leaders during COVID-19
  • Financial Lessons Learned from the COVID-19 Pandemic
  • 10 life lessons we learned from the COVID-19 outbreak
  • The Board’s role in the COVID-19 crisis
  • It’s time to prepare for a different normal