Start Date : 26 Aug,2024
End Date : 30 Aug,2024
Duration : 5 Days
Price : $ 5,950 ( SAR 22,312.50)
Overview:
The aim of this course is to provide participants with a general overview of all main aspects of Risk Management starting from the definition of the term and going through the building blocks of the total integrated Enterprise Risk Management model (ERM) together with its related Risk Governance arrangements.
Course Objectives:
At the end of this course, participant will be able to:
Understand the definitions of key terms of Risk & Risk Management
Explore the different stages of the Risk Management process
Learn the tools and techniques used for Risk Assessment
Study Risk Formulation, Risk Ranking and Risk Treatment
Learn about Risk Appetite, Risk Tolerance and Risk Escalation
Understand the Enterprise Risk Management model
Study the Risk Governance framework
Course Content:
1- Introduction to Risk Management
What is Risk Management?
Why should we care about risk?
Types of Risks
Internal environment changes
External environment changes
2- Risk Management Process
Establishing the Context
Risk Identification & Risk Categorization
Risk Assessment (Identification and Analysis) Techniques
Risk Formulation (The Cause and Effect Relationship of Risk)
Risk Analysis and Prioritization
Risk Ranking (The Risk Ranking Matrix)
Risk Evaluation, Risk Vulnerability
Risk Appetite, Risk Tolerance and Risk Capacity
Risk Profile
Risk Treatment and Response
Risk Monitoring and Reviewing
Risk Communication, Escalation and Reporting
3- Enterprise Risk Management
Organizational Resilience and Business Continuity Planning
Risk Control Techniques
Using Key Risk Indicators (KRI’s)
Creation of a Risk Register
Risk Culture
Risk Management Challenges
Risk Maturity
Enterprise Risk Management (ERM)
4- Risk Governance
ERM Framework
ERM Road Map
Emerging Trends in ERM
Risk Management Framework
Risk Strategy
Risk Appetite Statement (RAS)
Risk Governance
Risk in The Boardroom
Risk Assurance Functions
Targeted Audience:
Risk / Compliance Management Function
Internal Audit Function
Internal Control Function
Governing Body & CEO Level
Managers, senior managers, directors, and executives
