Location

Date

Duration

Language

Discipline

Introduction

In today's rapidly evolving business landscape, organizations face a multitude of risks that can impact their operations, financial health, and reputation. Effective risk management, robust internal controls, and adherence to regulatory compliance are essential for mitigating these risks and ensuring sustainable success.

Throughout this course, we will delve into the fundamental principles, methodologies, and best practices of risk management, control, and compliance. Whether it is  a seasoned professional seeking to enhance skills or a newcomer aiming to grasp the essentials, this course will equip the participant with the knowledge and tools necessary to navigate the complex realm of risk.

Objective

Upon successful completion of this course, the delegates will be able to:

• Understand Risk
• Risk Management Frameworks
• Risk Assessment and Analysis
• Internal Controls
• Compliance Management
• Integration and Future Trends

Audience

This course is suitable for professionals across various industries, including but not limited to:

• Risk Managers
• Compliance Officers
• Internal Auditors
• Finance Professionals
• Legal and Regulatory Affairs Personnel
• Project Managers
• Business Owners and Entrepreneurs

Content

Day 1: Introduction to Risk Management

• Understanding Risk: Definitions and Concepts
• Types of Risks: Financial, Operational, Compliance, Strategic, Reputational
• Importance of Risk Management in Organizations

• Risk Management Frameworks: COSO, ISO 31000, Basel III
• Risk Identification Techniques: Risk Registers, Brainstorming, SWOT Analysis
• Case Study Analysis: Real-world examples of risk management successes and failures

Day 2: Risk Assessment and Analysis

• Risk Assessment Methods: Qualitative vs. Quantitative
• Probability and Impact Analysis
• Risk Heat Maps and Risk Matrix
• Scenario Analysis and Sensitivity Analysis
• Monte Carlo Simulation
• Group Exercise: Conducting a Risk Assessment on a Hypothetical Scenario

Day 3: Risk Mitigation and Control

• Risk Mitigation Strategies: Avoidance, Transfer, Mitigation, Acceptance
• Implementing Internal Controls
• Developing Key Risk Indicators (KRIs)
• Control Frameworks: COSO Internal Control Framework, COBIT
• Control Testing and Monitoring
• Role of Technology in Risk Mitigation: Risk Management Software, Automation

Day 4: Compliance Management

• Introduction to Compliance Management
• Regulatory Environment: Understanding Laws and Regulations
• Compliance Risk Assessment
• Compliance Program Development and Implementation
• Compliance Monitoring and Reporting
• Case Study: Compliance Failures and Consequences

Day 5: Integrated Risk Management and Future Trends

• Integrated Risk Management: Bringing Together Risk, Compliance, and Control
• ERM (Enterprise Risk Management)
• Cybersecurity Risk Management
• Emerging Trends in Risk Management: ESG (Environmental, Social, and Governance), AI and Risk Management, Pandemic Risk Management
• Group Discussion: Challenges and Opportunities in Risk Management

Certificate

TRAINIT ACADEMY will award an internationally recognized certificate(s) for each delegate on completion of training.

Methodology

The training course will be highly participatory and the course leader will present, guide and facilitate learning, using a range of methods including formal presentation, discussions, sector-specific case studies and exercises.  Above all, the course leader will make extensive use of real-life case examples in which he has been personally involved. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Case studies & Practical Exercises
• 10% Role Play
• 10% Videos, Software or Simulators (as applicable) & General Discussions

Fees

£5,500 per Delegate. This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.