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Virtual Training Masterclass: The Risk Essentials

4 days of our most popular training courses

Overview

This masterclass takes content from our most popular and practical courses: the fundamentals of risk management (FoRM), embedding risk management ERM), and effective risk registers and assessments (ERRA) and brings them into a tailored masterclass of risk management essentials. You will gain a broad and deep understanding of risk management. The masterclass will be delivered over 4 intensive 4-hour days in an online environment with additional hours reading and undertaking some assignments. The Masterclass will qualify for 25 CPD hours.

On the first day of delivery, you will be introduced to risk management and provided with a detailed and broad foundation of risk management with the aim of providing a solid overview and bringing everyone up to speed. The rest of the delivery will focus on the risk management framework and practical implementation tools. Over these three days, you will continuously build and assess your own tailored case study for your organisation.

Upcoming dates

Date	Duration	CPD	Location	Members	Non-members	Book Now
9 -12 Oct 2023	4 Days	25 Hours	Online - Zoom	£1700 +VAT	£1800 +VAT	Book Now

Agenda

Day	Block A (9.00am – 10.50am)	Block B (11.05am – 1.00pm)	Own reading / Study
1	Context of risk management Risk vocabulary Risk standards/regulation & governance Objectives: Importance of understanding organisational objectives (risk is the effect of uncertainty on achievement of objectives). Breaking Objectives down into Drivers and KPIs so they can be mapped to risk indicators (KRIs).	Risk Identification & Evaluation: External Stakeholder and Front-to-back models to comprehensively identify risks. Use of bow-ties and fishbone models to understand risks As well as diving into the classic Impact/Likelihood model to also introduce a Control Effectiveness model	World Economic Global Risk Report 2023
2	Risk Management: What controls and initiatives should be in place to respond to risks Creating a mini-business case to support new controls Resilience assessment to understand the capacity of the organisation to take on new controls.	Risk Registers: What they are and are not How to compile & maintain Output reporting	Practice the use of certain Tools / Templates taught during the day
3	Risk Culture: How Culture influences the risk maturity of an organisation. Examination of the Culture model and personal Biases & Behaviours. In this segment, we will examine how to best use risk workshops in your organisation taking on board the individual personalities in a team.	Risk Appetite: Understanding the differences between Appetite, Tolerance, Capacity and Universe. Methods to create Appetite statements that are effective at both a strategic and operational level (defining “expected” so everyone in the organisation can “spot deviations from the expected”).	Reading IRM papers on Culture and Appetite
4	Risk Assurance: Identification of stakeholders who (a) need and (b) provide assurance Techniques including important roles and 3 lines of defence Role of Audit in assurance Forward-looking assurance – horizon scanning and blue sky thinking	Pulling it all together: Summarising learnings Presentation of casework built up over the week Course exam followed by Certification	Create an action plan on what participants can recommend for implementation in their organisation – template provided.

Benefits of attending:

25 CPD hours
Up to 12 months of free affiliate membership of the IRM
10% off our qualifications
Access to our Thought Leadership and online publications
Global recognition and networking opportunities
A learning experience like no other: Networking opportunities and learning different perspectives from professionals from companies all over the world
30 years of experience from industry leaders

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