Course description

Risk management is an integral part of good management practice and an essential element of good corporate governance.

We live in an uncertain world – all organisations have material risks that must be actively managed in order to survive in an increasingly complex environment. These risks relate to the increasing obligations of organisations to people, the community, their stakeholders and the environment. Risk management involves managing to achieve an appropriate balance between realising opportunities while minimising adverse impacts. It is an iterative process which can enable sound decision making and facilitate continuous improvement in performance.

All executives and managers have a responsibility to properly manage the risks in their organisations and this course will show them, and those working for them, how to identify, evaluate, manage and act on these risks. It will also show them how corporate governance works and what is expected of them in the corporate governance framework.

This course is not only for Risk professionals but for everyone with a managerial responsibility. This comprehensive and interactive 5-day program is certified by Qualifi, a recognised UK awarding body, and covers the inter-related disciplines of Risk Management, Internal Controls and Corporate Governance. It is designed to give executives and managers the tools and confidence to enable their organisation to deliver sustainable results in a controlled environment. The course will be led by an experienced risk management executive who will cover the principles of Risk Management and Corporate Governance and illustrate how these principles can be applied in practice.

Do you work at this organisation and want to update this page?

Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.

Upcoming start dates

1 start date available

Enquire for more information

Virtual Classroom
Online

Enquire

Suitability - Who should attend?

Executives
Risk professionals
Company secretaries
Operational managers
Finance managers
Corporate strategists
Lawyers
Project managers
Business owners
HR managers
IT managers
Sales managers
Account managers
Auditors
Regulators

Outcome / Qualification etc.

Demonstrate that they have the skills required to manage risk exposures and participate in the governance process
Improve organisational resilience by:
- Increasing awareness to identify and treat main and emerging risks – proactive stance in respect of risk throughout the organisation
- Identifying opportunities and threats, and risks that are not currently managed
- Improving Governance and stakeholder trust
- Assisting management in driving strategy
- Better understanding of the organisation / environment
Confidently manage risks in their organisation by:
- Knowing what is expected of them in managing risks
- Understanding how to identify and evaluate these risks
- Knowing the types of risk and the challenges they present
- Being able to identify the barriers to effective risk management and understand how these can be overcome
- Having the confidence to report risks accurately and effectively
- Understanding which risks can be accepted and which cannot be tolerated
- Understanding the principles of corporate governance and what it is seeking to achieve, and being able to set up an effective governance structure
- Knowing what governance committees are looking for and how to participate effectively in them
Gain an accredited Certificate approved by a recognised UK awarding body – the Advanced Certificate in Enterprise Risk Management (ACERM™)
Use ACERM™ on your business card and on your resume.

Training Course Content

Overview of Risk

What is it?
Distinction between risks and issues
Commercial importance
Culture

Risk Management

Identification
Evaluation
Management
Reporting

Types of Risks

Operational
Financial
Legal/Regulatory
Strategic
Reputational
Project/transitional

Identification

Identification techniques
Importance of comprehensive approach
Dynamic not static subject
Horizon risks
Crisis management

Evaluation

Techniques
Empirical and intuitive
Probability and impact
Dangers of false assurance
True nature and longevity
Value of simple questions
Importance of challenging assumptions

Management

Manageable risks
Accepted risks
External risks
Limitations of rules based approach
Industry best practice
Delegating responsibility to line managers
Legal position
Light touch, structured or hybrid
Three lines of defence model
Committee structure
Composition of committees – static, dynamic or a mixture
Ensuring structure operates as intended
Dealing with difficult members
Audit (internal and external)

Reporting

Importance of good reporting
How to construct good reports
Understand what needs to be reported
Effectiveness of mitigation
Overview of effectiveness

Operational Risk

Overview and scope
Understanding of why management must be devolved
How to help non-Risk managers

Financial Risk

Understanding the importance and scope
How to engage with experts
How to understand reports
Importance of basic questions and answers
How to project trends
Stress testing/reverse stress testing