Course description
The Rcademy risk champion training course aims to create enterprise risk management (ERM) champions able to control ERM initiatives by giving them the necessary skills and knowledge to execute its comprehensive, integrated risk management (IRM) techniques. Furthermore, this Rcademy program will ensure the participants can differentiate the risk ownership at the company units from those helping roles at the control and assurance functions such as compliance, internal control, and internal and risk audit.
The Rcademy training course in risk uses a combination of comprehensive lectures covering the levels of risk management activity based on ISO 31000 standard technique and a practical workshop addressing the subject’s application side.
The Rcademy training programs target people from the human capital leading the management of risks, helping the ERM succeed within a company, and giving them the best practice equipment and instructions needed to perform their responsibilities and roles competently and effectively.
<What is the role of a risk champion?
The roles of risk champions vary according to the organization. Usually, they give feedback on a worker’s view of the risk management process and Supporting reporting and identifying risks. In addition, it also can guide the risk leader on the best method to adopt risk control in particular areas of the organization and at what pace.
Who should be the risk champion in a business?
A risk champion in a company is one by expertise, authority, or virtue who champions a particular factor of the risk control activity but should not be the risk owner. Instead, the individual should usually be an existing member of the management in the business.
The Risk Champion Training Course by Rcademy will highlight significant areas in the risk champion course, including threat management process and management, control, treatment, risk ranking, implantation and management, risk formulation and identification, and risk management vocabulary and risk language.
Upcoming start dates
Suitability - Who should attend?
The objectives of The Risk Champion Training Course by Rcademy are to enable professionals to:
- Determine the meaning of the basic terms of risk and risk management
- Determine the risk management implementation planning
- Understanding the enterprise risk management technique
- Apply the risk reporting and escalation tolerance
- Understand the risk treatment and risk ranking models
- Apply tools and methods used for risk recognition and formulation
- Determine the various levels of the risk management process
- Apply the learned skills and knowledge to use cutting-edge techniques to recognize risks according to both opportunity and threats, best activity equipment, choose the correct risk treatment methods and analyze risks efficiently
- Understand the importance of joining company continuity into company risk structures to allow your company to withstand the worst
- Understand how personal risk preferences, tolerance, and traits get formed and contribute to risk-informed
- Determine the different levels of the risk management process
Training Course Content
Module 1: Risk Management Activity
- Definition of risks and risk management
- The purposes and practice of risk management
- Challenges in the definitions
- Analyzing risk management models and practices
- Delegates company evaluation
- The approaches, concepts, global standards, techniques, and models for the effective adoption of risk management
- Categories of risks, risk control methods
- The risk management process
- Risk management design
- Identification of risks
- Creating the context
Module 2: The Role of Risk Champion
- Skills and knowledge needs
- Who makes a good risk champion?
- The leadership role
- Creating techniques to help application in the whole company
- Stakeholder control
- Deployment
Module 3: Risk Treatment and Ranking
- Evaluation of risks and risk vulnerability
- Risk ranking and prioritization (the treat ranking matrix)
- Risk tolerance, risk appetite, and risk capacity
- Risk Response and Treatment
- Risk escalation, communication, and reporting
- Risk reviewing and monitoring
- Risk profile
Module 4: Risk Formulation and Identification
- Classification of risks
- Internal surrounding
- External surrounding
- Horizon scanning
- Assessment of risk (analysis and identification) methods
- Data collection models
- Risk formulation (the cause and impact association of risk)
- Data processing equipment
Module 5: Risk Management
- Risk management methods
- Risk management methods
- Enterprise risk management (ERM)
- Company resilience and organization continuity planning
- Development of a risk register
- Use of the primary key risk indicators (KRIs)
- Risk maturity
Module 6: Implementation of Risk Management
- Risk strategy
- The framework of risk management
- Risk governance
- Risk appetite statement (RAS)
- Risk readiness checklist
- Risk management vocabulary and risk language
- Top activity in risk management adoption
Module 7: The Relationship to Company Continuity
- Emergency and incident response control
- Rues of business continuity management systems (BCMS)
- Relationship between compliance and BCMS with risk control principles
- Risk assessment and business impact analysis (BIA)
- Adoption of BCMs following ISO/IEC 27031 and ISO 22301
Module 8: Practical Considerations
- Identifying the training requirements
- Defining your priorities and where to begin
- The DO’s and Don’ts
- Avoiding the usual problems
- The next steps
- Review of the course
Course delivery details
The risk champion program at Rcademy uses learning methods driven by the right studying goals supported by significant objectives and curriculum. The student’s understanding will be assessed through quizzes, experimental studying, assignments, final exams, and company group development strategy audits. There are in-depth instructions for all the activities in the program at Rcademy. Note that the study’s success relies on your role in reading the assigned resources, such as text chapters and other instructional resources given during the course. The final exam will allow the participants at Rcademy the chance to show the things they learned beyond this course to their major. The instructor will monitor all learning activities to help ensure that they meet the intended learning goals.
This Rcademy training course will help you learn about the topics covered in the course outline using proven adult studying materials and facilitation methods. The seminar techniques include role play, case study, and group discussions evaluating and analyzing companies’ primary challenges.
The risk champion program at Rcademy is specially structured to ensure that it gives participants new skills to assist in professional growth.
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...