Virtual Training Courses


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
7 - 8 March 2023 2 Days (9AM - 1pm)  8 Hours Online - Zoom £700 +VAT £800 +VAT Book now »

Fundamentals of Risk Management Financial Services (FoRM-FS)

An adaptation of our flagship fundamentals of risk management training that specialises in bringing to life how the principles and practices of risk management are applied to the Financial Services sector is now available. 

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 2 Days
(9AM-1PM) 
8 Hours Online - Zoom £700 +VAT £800 +VAT TBC

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 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.

Date Duration CPD  Location Members Non-members Book Now
22 - 25 May 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.

Effective Risk Registers and Assessments

A good risk register informs corporate decision-making and allows an organisation to show how it is identifying and managing threats to its objectives effectively.

This course gives you practical tools and techniques to create your own risk management toolkit. Find out how to engage the interest of all stakeholders to capture valuable information from them, and how to inform decision-makers of the greatest threats they face.

Course Dates

Date Duration CPD Location Members Non-members Book Now
8 June 2023 4 Hours (1pm -5pm) 4 Zoom £400 +VAT £500 +VAT Book now »

Optimising Risk Workshop 

Structured risk workshops are vital to the success of risk management, promoting the role and value of risk policy and the risk management function. This course provides you with the guidance and tools to run workshops effectively. Delivered through practical exercises, group work and discussions, the emphasis of the course is on the application of workshop techniques.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
17 May 2023 1 Day
(1PM-5PM) UK time
4 Hours Zoom £400 +VAT £500 +VAT 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
06 March 2023 1 Day 5 Hours Online - Zoom £400 +VAT £500 +VAT Book now

Operational Risk Masterclass

Operational risk management is the management of unpredictable outcomes on the efficiency and effectiveness of operations in an organisation. This Masterclass guides participants through the key issues and dilemmas that arise from the design and implementation of a best in class operational risk management framework. 

Taught by internationally respected and experienced practitioners, the Masterclass is interactive and focuses on the creation of a structured, bespoke organisational improvement plan for each participant. The Masterclass is backed up by up-to-date learning resources including the 2022 book Fundamentals of Operational Risk by Simon Ashby. 

Course Dates

Date Duration CPD Location Members Non-members Register now
27 Feb - 1 March 2023 3 Days 
(9AM-1PM GMT)
12 Hours Online £1700+VAT £1800+VAT

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
07 March 2023 1 Day
6 Hours Online - Zoom £400 +VAT £500 +VAT Book now »

Embedding Risk Management

Truly embedding a risk framework in your organisation is even more difficult in the aftermath of COVID-19. Over two days (4 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 Quantitative 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
11 - 12 May 2023  2 Days
(13.30 - 17.30) UK time
8 Hours Online - Zoom £700 +VAT £800 +VAT 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 Low GDP** Book Now
13 - 14 March 2023 2 day 8 Hours Online - Zoom £660 + VAT £770 + VAT £460 Book Now>>

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

**A special rate has been arranged for those from Low GDP countries. Click Here to see if you are eligible. Please email cpd@imperial.ac.uk for more details. Limited number of places available.

The course is structured for 4 hours a day over two days.
The full schedule can be viewed here.


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
8 May 2023 1 Day 6 Hours Online - Zoom £400 +VAT £500 +VAT Book now »

Practical Risk Appetite & Risk Tolerance

Over seven hours in two 4-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
1 -2 March 2023 2 Days
(9:30AM-1.30PM) 
8 Hours Online - Zoom £700 +VAT £800 +VAT Book now »

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
22 March 2023 (9:30AM - 1:30PM)  4 Hours Online - Zoom £320 +VAT £390 +VAT 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
15 May 2023 1 Day (9:30AM-4:30PM) 6 Hours Online - Zoom £400 +VAT £500 +VAT  Book now »

Reputational Risk

People are more aware than ever of the global, ethical and environmental issues that exist in our world today and this is increasingly influential in driving consumer buying behaviours. With the addition of technology allowing anyone to share news, thoughts or rumours to millions of people at the click of a button, organisations are more exposed than ever to their reputation, which often takes years or decades to build, and which is often considered a competitive advantage, being damaged with greater impact than before and with less time to respond. 

This interactive course teaches you how to ensure that your organisation’s reputation continues to be a critical asset and how to protect it, or, in some cases enhance it further, even if the worst should happen. It will focus on traditional sources of reputational risk such as supply chain and fraud, as well as looking at the new realities of digital risk, from social media risk management to cyber risk. 

The course provides participants with preventative tools that protect and enhance your reputation and the corrective tools for recovering damaged trust. More importantly, it equips participants with the knowledge to enhance current Enterprise Risk Management frameworks by integrating Reputational risk into the framework and business decision making This ensures reputation is protected into the future as well. 

You will examine high profile case studies of reputation damage from a number of industries with a variety of causes, in order that all participants should be able to relate it back to their industry or organisation.


Course Dates

Date Duration CPD Location Members Non-members Book Now
20 April 2023 1 Day (9:30AM-4:30PM) 6 Hours Online - Zoom £400 +VAT £500 +VAT Book Now

Risk Management for Oil and Gas

The course covers the fundamental aspects of enterprise risk management but specifically tailored for the oil and gas sector.

You will learn about the theory and practise of risk management at an enterprise and project level, focusing on oil and gas case studies such as; oil price, working in politically unstable environments, managing projects portfolios and supply chain.

Learning Objectives

Risk Management

  • Framework: The risk management principles, framework and processes.
  • Tools & techniques: Risk Assessment, Risk appetite and tolerance.
  • Risk culture & risk maturity
  • Risk workshops & communication

Oil & Gas

  • Project Portfolios: How to prioritise project portfolios based on a risk based approach.
  • Internal and external risk exposure: The types of risk faced by oil and gas companies and the concepts of positive and negative risk.
  • Working in politically unstable locations: Types of risks faced and how to manage them effectively.

Course Dates

Date Duration CPD Location Members Non-members Book Now
TBC 2 Days (12-5PM) UK time 10 Hours Online - Zoom £700+VAT £800+VAT  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 +VAT £700 +VAT Book now »

ESA Logo CRMI logo

Overview

This course has been jointly developed by IRM, ESA Business School and Corporate Risk Management Institute (CRMI) and provides participants with a general understanding and overview of Risk Management Frameworks implemented in the insurance industries in line with best practices and international standards.

Taught by practising professionals with strong academic backgrounds, the course will allow participants to identify, assess, measure, monitor and mitigate both potential financial and non-financial risks in a practical way using relevant industry case studies. Also, the course covers significant parts of the compliance and regulatory requirements based on participants’ location.

After completing the certificate, participants will have course materials that they can refer to, to help manage the critical risks faced by insurance and reinsurance companies.


Learning Objectives

  • Understand the fundamentals of risk management within the insurance and reinsurance industry
  • Learn how to use key techniques to identify, analyse, and respond to a variety of risks, both internal and external to companies using real-world examples
  • Evaluate the impact and rationale for designing an effective risk management strategy aligned with an organisation’s corporate governance principles and regulations
  • Develop the skills to create your Own Risk and Solvency Assessment (ORSA) reports that are tailored to the insurance industry, along with recovery resolution plans

Who should attend?

  • Risk Managers, Internal Auditors, and Legal and Compliance professionals within the insurance and reinsurance industry
  • Consultants and Regulators looking to specialise in enterprise risk management within the insurance and reinsurance sector
  • Stakeholders (Board Members, Executive Management, and Underwriters) involved in the formulation, implementation, and enhancements of risk management frameworks within an organisation
  • Applicants looking for a career in Governance, Risk and Compliance (GRC) department within the insurance and reinsurance industry

Agenda

Module Topic
Module 1: Principles of risk and risk management 
Module 2: Risk management in insurance 
Module 3: Risk culture
Module 4: Risk strategy and framework
Module 5: Quantitative methods for risk management in insurance
Module 6: ORSA - stress testing, capital solvency and liquidity
Module 7: Case studies

Download brochure »

For more information, dates and to register your interest please visit the ESA webpage.

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

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