Course description
Risk Management is important to every organization. It involves identifying and managing risks ranging from financial uncertainties, legal liabilities, and technology issues that can minimize the organization’s earnings and create strategies for handling them. The Rcademy training course exposes trainees to the principles, theories, and practices of Risk Management.
What is risk management?
Risk Management is the method of forecasting, identifying, monitoring, and managing potential risks that can negatively impact the organization’s operations.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Advanced Risk Management Training Course by Rcademy can be undertaken by many people, especially those concerned with the company’s Risk Management process. The following personnel can attend this Rcademy training course:
- Chief executives and heads of departments that are concerned with Risk Management and the role it plays in the organization
- Senior management experts involved in Risk Management of the organization
- Managers who are vested with the responsibility of managing risks
- Employees who are tasked with implementing Risk Management tactics of the company
- Risk Management professionals who desire in-depth knowledge of the recent developments in Risk Management
- Board members who provide oversight of the organization’s Risk Management Strategies
- Legal and compliance officers who are in charge of ensuring that all laws and regulations on Risk Management are followed
- Any other personnel interested in pursuing a successful career in Risk Management
Outcome / Qualification etc.
This training course aims to achieve the following objectives at the end of the training:
- Comprehensively understand the nature, purpose, and steps involved in Risk Management
- Discover and demonstrate expertise in applying the statistical risk modeling techniques employed in Risk Management industries
- Learn to identify, measure, and assess different risk types an organization might face and set risk limits
- Apply the required knowledge and skills to analyze operational risk incidents and identify relevant key risk indicator (KRI) data and trend analysis in a bid to create an operational risk control program
- Discover new trends and help facilitate improved Risk Management
- Learn the required skills and knowledge to develop an effective Risk Management process for the organization
- Apply the gained expertise and confidence to train and guide staff so that they can understand the risks and how to mitigate them
- Learn how to increase the company’s value to stakeholders by demonstrating confidence in executing Risk Management best practices
- Understand the knowledge and skills required to succeed in the constantly evolving Risk Management domain.
Training Course Content
Module 1: Overview of Risk
- Meaning of risk
- Concept of risk
- Types of risk– Operational risk– Financial risk– Market risk– Technological risks– Political risks– Legal risks
- Metrics for assessing risks– The potential risks to your organization– The actual risks that affect your business– Unidentified and unexpected risks– How often the risk may happen– The financial impact of the risk to your business– How fast and effective are your solutions are
Module 2: Introduction to Risk Management.
- What is Risk Management
- Importance of Risk Management
- History of Modern Risk Management
- Challenges of Risk Management
Module 3: Risk Management Process
- Advice and Consultation
- Risk identification
- Qualitative risk analysis
- Quantitative risk analysis
- Risk evaluation
- Risk treatment
- Monitoring and Review
Module 4: Forms of Risk Management
- Financial Risk Management
- Technology Risk Management
- Operational Risk Management
- Regulation Risk Management
Module 5: Financial Risk Management
- Meaning
- Scope of financial risk– Liquidity risk– Recovery risk– Counterparty risk– Currency risk– Foreign investment risk– Environment risk– Financial Risk Management Strategies
Module 6: Technology Risk Management
- Meaning
- Scope– Internal technological risk– External technological risk
- Technology Risk Management Strategies
Module 7: Operational Risk Management
- Meaning
- Scope– Technical factors– Human factors– External events
- Operational Risk Management strategies
- Benefit– Minimized operational loss– Reduced compliance and auditing costs– Minimal exposure to risks
Module 8: Regulatory Risk Management
- Meaning
- Types of business regulations– Anti-Money Laundering (AML)– Anti-Bribery and Corruption (ABC)
- Regulatory Risk Management Strategies
Module 9: Best Risk Management Tools and Practices
- Risk Management tools– Root cause analysis– SWOT analysis– Analytica– MasterControl, Inc– Spiraplan
- Risk Management best practices– Involve stakeholders– Create a strong risk culture– Communication– Create effective Risk Management policies– Adequate risk monitoring
Module 10: Stress Testing and Risk Regulation
- Stress testing– Meaning– Approaches to stress testing
- Risk regulation– Meaning– Importance of risk regulation– Regulatory regimes
- Regulatory stress tests– Meaning– Criticism and Benefits of regulatory stress test
Module 11: Risk Maturity and Risk Culture
- Risk Management maturity
- Risk-aware culture
- Managing supply chain risk
Module 12: Financial and Business Trends Shaping the Practice of Risk Management
- Cloud risk and compliance
- Increase of data privacy laws and regulations
- A holistic approach to Risk Management
- Culture and conduct
Module 13: Risk Manager
- Who is a risk manager
- Duties of a risk manager– Performs risk assessments– Implements strategies and policies to identify and address risks in the organisations– Analyses and assesses Risk Management strategies and policies– Recommends and implements Risk Management solutions– Drafts risk reports and strategies to the executive leadership and senior staff
- Required skills– A detailed comprehension of policies and best practices of Risk Management– Mastery of verbal and written communication skills– Excellent mathematical and critical thinking skills– Excellent organizational skills and attention to detail– Expert knowledge of Microsoft Office Suite or related software to reports and policies
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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...