Risk Management, Compliance,
Governance, Control and other Risk Functions.

19 – 22 July 2022 Johannesburg South Africa

18 – 21 October 2022 - Bangkok

Register Now! Limited Seats Available!

Public R15, 999.00

Virtual R9, 999.00

Virtual R9, 999.00

Public R15, 999.00,

Virtual R9, 999.00,

$2500.00 USD - DUBAI,
$2500.00 USD - BANGKOK.

Course Description :

Global Risk Study surfaced a growing imperative for better collaboration between risk functions (risk management, compliance, internal audit and other risk functions). As organizations embrace the fourth industrial revolution (4IR), risk functions need to be active participants, helping to achieve and protect the value envisioned. Risks are becoming increasingly complex—and interconnected—and without close risk function collaboration, blind spots to risk will inevitably result for key stakeholders throughout an enterprise, and impact strategic, financial and operational initiatives.

Evaluating the range of available risk management techniques and choosing the most appropriate action in each case are increasingly significant elements of managerial responsibility in today’s business environment.  We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimize its potential negative impact. 

This training seminar will highlight:

  • The knowledge to identify, analyse, evaluate, treat, monitor and control risks
  • An overview of leading-edge tools and techniques used in risk management
  • Insights into the fundamentals and role of risk management
  • Effective risk management procedures based on ISO 31000:2009
  • Increasing confidence in managing risk and exercising internal control

Objectives:

At the end of this training, participants will be able to:

  • Understand the need for risk functions (risk management, compliance and internal audit) to collaborate to produce more comprehensive risk visibility and greater understanding of risk inter-relationships
  • Understand risk management and its application within an organization
  • Identify, evaluate and control risk in strategy and operations of your organization
  • Design and implement an effective risk management process
  • Ensure that your organization can meet the rising standards of corporate governance
  • Communicate the characteristics of effective risk management to your teams

Who Should Attend:

This  Risk Management, Control and Compliance training seminar is potentially of great value to a wide range of managers who are responsible for evaluating issues that affect decisions on risk and the challenges of keeping control of increasingly complex businesses.

The following would benefit from this training:

  • Executive Directors
  • Board Members
  • Risk and compliance Managers
  • Internal Auditors
  • Strategic and Operational Planners
  • Company Secretaries
  • Financial Managers
  • Human Resource Specialists
  • Systems and Process Design Specialists
  • Marketing and Commercial Managers

Course Outline :

Session 1

Understanding Risk Management – Context and Application

  • Creating a Robust Strategy – The foundation of your business
  • Understanding the Difference between Strategic and Operational Risk
  • Risk and Uncertainty: The Difference between the Two Terms
  • Risk Aversion and Risk Tolerance – Project Selection and Prioritization
  • Using Quantitative and Qualitative Techniques in Assessing Risk
  • The Concept of the Risk Management Cycle and How This Works

Session 2

Setting the tone for collaborative risk management

Discussion: What senior executives and board members can do to promote greater risk function collaboration and develop a shared risk insight.

  • Why, in many instances, are senior executives and board members not aligned on where the accountability for risks lie?
  • What are companies doing today to make sure that risk accountability is crystal clear?
  • Are board members and senior executives receiving a consolidated view of risk across the enterprise from risk function executives and is that trend changing?
  • What are some specific actions boards and senior executives can take to drive greater risk function collaboration?
  • How can the risk management program itself help drive better risk function collaboration?

Session 3

Identifying and Evaluating Risk

  • The Principal Drivers of Risk in Contemporary Business
  • Assessing Most Significant Categories of Risk for Business
  • Global Processes, Guidelines and Standards in Risk Assessment
  • The Relevance of ISO and the Professional Institutions
  • Application of the Main Tools and Techniques in Managing Risk and Uncertainty
  • Optimizing a Risk Management Process

Session 4

Understanding and Managing Specific Types of Risk (I)

  • Strategic Risk – Deciding on the programme / project mix
  • Incorporating Risk Analysis into Business Development Decisions
  • Contingency Planning and Understanding Risk Exposure
  • Operational Risk – Coping with variance and divergence from plan
  • Managing Complexity in Contemporary Business Structures
  • Managing Risk Associated with Alliances and Joint Ventures

Session 5

Understanding and Managing Specific Types of Risk (II)

  • Financial Risk – Capital market dynamics, exchange rate exposure
  • Risks Associated with Different Forms of Corporate Capital Structure
  • Risks Associated with Management of Cash Flow / Credit
  • Legal Risk – The Requirements of Corporate Governance
  • Risks Associated with Intellectual Property Law
  • Product Liability / Litigation / Reputational Risk

Session 6

Embedding Risk Management into the Corporate Culture

  • Latest Developments in the Field of Risk Management
  • A Structured Approach to Implementing Risk Management
  • Designing / Developing a Risk Management Process for Your Own Organisation
  • Implementing and Embedding a Risk Management Culture in Your Organisation

Session 7

The need for collaboration

  • Understand the need for risk functions (risk management, compliance and internal audit) to collaborate to produce more comprehensive risk visibility and greater understanding of risk inter-relationships
  • Set a collaborative tone -Why a collaborative tone is a first step
  • Consider these steps to make sure a collaborative tone and appropriate governance of risk management are in place.
    • Expect and provide a consolidated view of risk.
    • Agree on collective risk priorities – The board, senior executives and risk executives must see eye to eye on risk priorities across the entire organization and risk landscape
    • Clearly define and communicate risk appetite.
    • Come to consensus on a common risk language and measurements.
    • Bring disparate technologies together through a common platform
    • Embed within the organization’s data strategy
    • The whole is greater than the sum of the parts
    • Risk functions have to be able to confidently take advantage of one another’s work so as to eliminate gaps in risk coverage and increase efficiency
    • Expect more from the team and equip team members accordingly
End of the Workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA Tel: +27 11 057 6001
KENYA Tel: +254 11 353 1082
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com