Per participant
Overview
Course Methodology
The course employs a combination of presentations, case analyses, group discussions, and scenario-based exercises to foster a hands-on understanding of risk management practices. Participants will be expected to engage in real-world simulations and contribute to team-based problem-solving.
Course Objectives
By the end of the course, participants will be able to:
- Describe the nature of risk and its influence on organizational performance and strategic direction
- Analyze the relationship between governance frameworks and effective risk-based decision-making
- Apply appropriate tools to identify, assess, and respond to risks within a structured process
Target Audience
This course is suitable for all employees involved in understanding and managing risk, including operations staff, compliance coordinators, accountants, and data analysts, as well as managers and internal auditors.
Target Competencies
- Aligning strategy with risk context
- Governing and overseeing risk
- Making risk-informed decisions
- Designing and evaluating controls
- Communicating and reporting risk
Course Outline
- Understanding Organizational Risk
- Defining risk
- Why risk management matters
- Shifting internal and external environments
- Foundational elements of risk culture
- Types of organizational risk: Strategic, operational, financial
- Governance and Risk-based Thinking
- The role of governance in risk oversight
- Responsibilities of boards and committees
- Introduction to risk-based decision-making
- Aligning risk with objectives and strategy
- Risk appetite and tolerance
- From Identification to Action
- Tools and techniques for risk identification
- Assessing likelihood and impact
- Choosing risk responses: Accept, avoid, transfer, or mitigate
- Designing and evaluating controls
- Risk monitoring, communication, and reporting essentials
Schedule & Fees
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