Effective Risk Management

Course Introduction

Participants in this programme will acquire knowledge of the practical and critical success areas in the implementation of effective enterprise risk management. The workshop will provide opportunities for practical exercises in risk management activities and will deal with implementation failures. You will also learn how to avoid pitfalls when implementing risk management, as well as improving existing risk management practices in your organisation.

After completing this COURSE, you will be able to:

• Define and apply concepts of enterprise risk management
• Identify the roles and responsibilities within an organization to implement enterprise risk management as an enterprise-wide function
• Understand the types of enterprise risk management frameworks
• Link risk management into business planning processes
• Learn how to implement an effective enterprise risk management programme in an organization
• Use practical techniques to assess risks and record them
• Understand how to monitor and evaluate an enterprise risk management programme for improvement

Daily Topics

Session: 1

What is risk?

An overview of the global risk environment

What is ERM and why is it so important

The scope of ERM compare to existing risk management

What is the value proposition for implementing ERM?

The relationship between corporate governance, compliance and risk

The role of the board of directors

The role of senior management

Session: 2

IRM standards

Understanding COSO

ISO 31000:2018

ISO 37000

International regulatory regime and its impact

Session: 3

Obtaining ERM mandate and commitment: the role of the Board

Key policy issues to considered

Risk management frameworks

Risk architecture

Role of the chief risk officer

Role of internal auditor

Session: 4

What is the relationship between risk assessment and risk management?

Types and sources of risk information

Approaches and techniques for risk identification

How to establish a risk workshop process

The need for effective facilitation and facilitation skills

The do’s and don’ts of risk workshops

Identifying, sifting and grouping risks

Session: 5

Risk prioritization and rating, including quantitative assessment tools and techniques

Presenting and sharing risk assessment information

Delphi (expert analysis)

Root cause analysis

Scenario planning

Measuring the impact and likelihood of each risk

The use of risk matrices to prioritise risks

Session: 6

Risk Treatment/Response Options

Which Risk Treatment Options Are Most Appropriate

Developing a Risk Treatment/Response Plan

Risk management reporting

Management evaluation of mitigation controls

How to assess risk mitigation

 Session: 7

Defining risk culture

Understanding the sources of risk culture failure

Diagnosing organizational risk culture

Session: 8

Key characteristics of a Risk Intelligent organisation

The risk intelligent enterprise

Risk intelligence maturity models

Determining Risk appetite and tolerance

Session: 9

Case Study

For Registration & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]