Virtual Training Courses

Overview

Our face-to-face training courses have been temporarily suspended in London as well as throughout the UK. In response to the global pandemic, we have adapted a lot of our training courses to take place online as a virtual classroom. To do this, we have been using Zoom software. Each virtual training course makes full use of all Zooms online features so that we continue to deliver courses that include discussion from all participants as well as case studies and breakout sessions. We continue to deliver professional, interactive and practical training courses in these uncertain and testing times.


Fundamentals of Risk Management (FoRM)

Our flagship, FoRM training is now available live and online. FoRM is one of our most popular and practical courses that teaches you about Enterprise Risk Management (ERM) from a broad perspective. You will cover the entire process of a risk management framework, start-to-finish.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
28-29 June 2021 2 Days 6 Hours  Online - Zoom £600* £700* Book now »
19-20 July 2021 2 Days 6 Hours  Online - Zoom £600* £700* Book now »
9-10 August 2021 2 Days 6 Hours Online - Zoom £600* £700* Book now »

Climate Change Risk Management

The Institute of Risk Management and Imperial College London team up to deliver the go-to practical training course on Climate Change Risk Management. Building on world-leading expertise in the science of climate change, business management and enterprise risk management, this practical course not only allows learners to explore why managing climate change risk is important to their organisation but also how to do it. 

Course Dates

Date Duration CPD Location IRM Members* Standard Book Now
8-9 September 2021 2 Day 8 Hours Online - Zoom £660 + VAT £770 + VAT Book now »

*Imperial College alumni can receive the member's rate. To find out if you're eligible, please email training@theirm.org.

The course is structured 4 hours a day over two mornings from 09:00 – 13:00 GMT.
The full schedule can be viewed here.


Embedding Risk Management

Truly embedding a risk framework in your organisation is even more difficult in the aftermath of COVID-19. Over two days (3.5 hours each day) we will show you how to use our most popular Risk Models to best embed your risk framework. The models cover:

  1. Turning organisation objectives into risk strategies
  2. Breaking down Qualitative risk appetite statements into Quantative appetite measures  
  3. Identification tools from both an organisations internal and external perspectives
  4. Assessment techniques that have widespread appeal at all levels of an organisation
  5. Designing effective
  6. Controls

At the end of the highly interactive course you will have a risk toolbox full of models to deal with most situations.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
13-14 September 2021  2 Days 7 Hours Online - Zoom £600* £700* Book now »

 


Risk Reporting

Timely, accurate and informative risk reporting forms the backbone of any risk management framework. This 6-hour online course will explore a range of risk reporting techniques, covering issues like the design of risk monitoring reports to the use of IT systems for reporting, including the exploitation of big data solutions.

During the course, you will have the opportunity to reflect on the performance of your current risk reporting approach (if you have one) and learn from the experiences of others. There are no right answers, but continuous improvement is key. Risk reporting is meaningless if it does not add value to an organisation, helping management to make better risk management decisions and learn from previous mistakes.

Learn about:

  • The strengths and limitations of common risk reporting tools such as risk registers, risk matrices and risk indicators.
  • Managing your risk reports effectively, including producing reports for different audiences; potential problems with collecting data; designing a report effectively; and using risk reporting systems.
  • How to use risk reporting to support effective risk governance.
  • State of the art developments in risk reporting, such as data mining and data visualisation.

Course Dates

Date Duration CPD Location Members Non-members Book Now
15 September 2021 1 Day 5 Hours Online - Zoom £400* £500* Book now

Risk Essentials Masterclass

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 be 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.

Pre-attendance reading – 2 hours

Date Duration CPD  Location Members Non-members Book Now
20-23 September 2021 4 Days 25 Hours Online - Zoom £1700* £1800* Book now »

​* The above prices exclude UK VAT at 20%. If applicable, this will automatically be added when you book on to the course.


Agenda 

Day Block A (9.00am – 10.50am) Block B (11.05am – 1.00pm) Own reading / Study (Recommended 2 hours)
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

Reading on xxx papers/articles

  1. WEF 2020 report
  2. TBC
  3. TBC
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 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 participant can recommend for implementation in their organisation – template provided.

Risk in the Boardroom

This course gives you a practical overview of what board members and stakeholders need to know about managing business risk and how it is a key element of good corporate governance. It demonstrates the importance of risk management as a regular, strategically-focused activity – and not merely a compliance-driven add-on.

Course Dates

Date Duration CPD Location Members Non-members Book Now
24 September 2021 1 Day 4 Hours Online - Zoom £320* £390* Book now »

Risk Culture

This six hour course will explain the concept of risk culture, and how to assess and control it effectively to strengthen your risk management framework. Delivered through on-line plenary sessions, interactive workshops and case studies, you will have plenty of opportunities to discuss the practicalities of managing your organisation’s risk culture.

Learn About

  • How risk culture can affect risk taking and risk management in your organisation.
  • The perils and pitfalls of assessing and monitoring risk culture using tools like surveys and risk culture metrics.
  • Practical techniques that can be used to manage risk culture.
  • The experiences of other financial institutions using two real-world case studies.

Course Content

  1. Understanding the depths of risk culture
    1. What is risk culture? Artifacts, Beliefs and Underlying Assumptions
    2. Risk sub-cultures
    3. The relationship between risk culture and risk management (bank case study)
  2. Assessing and monitoring risk culture
    1. Designing and using risk culture surveys
    2. The perils and pitfalls of risk culture surveys: insurance case study
    3. Selecting risk culture metrics
  3. Controlling risk culture
    1. Tone from the top
    2. Training and education
    3. The role of the risk function
    4. The relationship between risk culture and the risk management process
    5. Return to bank case study
  4. Conclusion: your personal action plan for enhancing your organisation’s risk culture work
    1. Reflection exercise

Course Dates

Date Duration CPD  Location Members Non-members Book Now
4 October 2021 1 Day 6 Hours Online - Zoom £400*  £500* Book now »

Practical Risk Appetite & Risk Tolerance

Over seven hours in two 3.5-hour sessions you will learn more about the practical issues around embedding Risk Appetite in your organisation. We will delve into, among other things, the following:

  1. Terminology – Appetitive, Tolerance and Preference ( and the confusion caused by the words being used interchangeably)
  2. How Appetite links to organisational Objectives
  3. Roles & Responsibilities – Board, Management and Auditors
  4. Linking Appetite to Key Performance Indicators
  5. Qualitative and Quantitative Risk Appetite statements

The online course is very interactive and you will have the opportunity to discuss the Risk Appetite issues your own organisation is facing if you wish.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
25-26 October 2021 2 Days 7 Hours Online - Zoom £600* £700* Book now »

Third Party and Supply Chain Risk Management

Extending business activities beyond organisational boundaries to create value for the organisation is not new. However, the quantity and complexity of the relationships that now exist beyond organisational boundaries is increasing, as is regulatory and stakeholder scrutiny. While partnerships with third parties, including critical suppliers, can be beneficial to the organisation on so many levels, such alliances can expose the organisation to many unknowns, and those unknowns will undoubtedly increase the level of risk. The key, then, is properly managing the infrastructure, systems, staff and outside support to adequately manage that risk.

Course Dates

Date Duration CPD Location Members Non-members Book Now
TBC 2 Days 10 Hours Online - Zoom £600* £700* Book now »

Choosing and Using Key Risk Indicators

Key Risk Indicators (KRIs) help organisations prevent risks and exploit the opportunities they offer. This one day course will guide you through the use of KRIs, showing you how they can be used as a powerful management tool to improve risk awareness and the execution of business objectives.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 1 Day 6 Hours Online £400* £500* Book now »

Risk Leadership and Organisational Diversity

“Workplace bias takes many forms, but the result is always the same: parts of the workforce are unfairly excluded from experiences and opportunities for which they are qualified. The most common type of bias in the workplace is implicit, or unconscious”.

“The business case for inclusion and diversity (I&D) is stronger than ever. For diverse companies, the likelihood of outperforming industry peers on profitability has increased over time, while the penalties are getting steeper for those lacking diversity” - McKinsey & Company, London © 2020

This online workshop teaches the practical steps and skills involved in identifying and dealing with the broad range of workplace racial injustice risks. From a risk perceptive, there are many untapped potential opportunities working with people from different ethnic and racial backgrounds, but if the threats are not properly handled could ultimately lead to recruitment, appointment prejudice, unconscious performance bias and sometimes racial discrimination. “Racisms at work – a crime in anyone’s language”

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 09:30 - 13:30 4 Hours Online £200*  £250* Book now »

Risk Management for a Digital Future

This Risk Management for a Digital Future Virtual training course will cover one of the most pressing and critical areas of risk that executives in organisation’s worldwide currently face. Digital transition to a more sustainable business model. In a world that was already increasingly moving to a digital future and where disrupting technologies and competitors come at a much faster speed than ever before, the Covid-19 pandemic has provided a wake up call to organisations globally. 

The lockdown and social distancing measures have highlighted how vulnerable current business models can be. From customer trends changing, the increased use of technology by the public and the need to work around social distancing measures, organisation’s are developing new business strategies aimed at taking their business models into the future. For many organisations, there has also been a realisation that either they need to improve their workforce’s ability to work from home in the event of future disruptions and also to take advantage of all that working from home brings, from less reliance on expensive office space and being a more attractive workplace to a workforce who are now realising that working from home offers them a better work/life balance, right through to being a more resilient organisation. As a result, Digital Transformation Projects are being accelerated and new ones being developed. 

The course discusses the various technologies and how they can support a transition of business models in a post-covid world. It will also look at how risk management should play a part within any Digital Risk or Digital Transformation project ensuring organisation’s dont get left behind the competition and avoiding the pitfalls of choosing technology which can often be costly, require great resources or not meet customer demand or expectations. 

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 1 Day 4 Hours Online £320*  £390* Book now »

* The above prices exclude UK VAT at 20%. If applicable, this will automatically be added when you book on to the course.

 For all enquiries please contact the training team on +44 (0)20 7709 9808 or at training@theirm.org

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