Risk Management 3: Advanced Risk Practices
Certificate Overview: The Advanced Risk Management Certificate assumes participants have completed the earlier modules, or have formal risk management training. Participants will learn to address rapid change and emerging risk, and how to effectively profile risk and report to key stakeholders including senior management, boards and the public. Leaders will share experiences and best practices through case studies from leading organizations.
Risk Reporting & Profiling Capabilities – Taking it to the Next Level
Learn advanced techniques to keep up with rapid change and emerging risks, and effectively report your risk profile and the ongoing state of risk management in your organization.
Enhancing Your Risk Management Capabilities to an Advanced Level
- Your risk management experience to date
- Current implementation challenges
- Review of better practices and critical success factors
- Group discussion – sharing experiences
Monitoring Emerging Risks in a Changing Environment
- Consideration of current and emerging risks
- Evaluating external and internal organization risks
- Establishing a defined process to keep abreast of emerging risks
- Organizational co-ordination and buy-in
Addressing Today’s Hottest Risk Topics
- Strategic risk; mergers, acquisitions & transformational transactions; organizational risk; financial risks; IT and cyber security risk; model risk; credit and market risk; operational risk; fraud, waste and abuse; and other hot topics
- Being prepared to move from risk management to crisis managem
Effective Integration of Your Risk Program
- Integration with strategy, performance management, and everyday decision-making
- Balancing risk and reward
Risk Reporting: Advising Senior Management and Key Stakeholders
- What is risk reporting and how to do it properly
- Reporting your risk profile and the state of risk management in your organization
- Using risk scorecards and indicators
Reporting to the Board of Directors & The Public
- Defining expectations – review of risk oversight publications and guidance
- Risk oversight as a key board responsibility
- Board reporting to support risk oversight responsibilities
- Effective risk reporting to external stakeholders
- The market value of good risk management
Leadership: Being a Successful Manager of Risk
- The value of agility in a fast-changing environment
- Critical success factors
Advancing Risk Capabilities in Your Organization
- Establishing risk management as a sustainable competitive advantage
Key Takeaway for Participants:
Participants will address advanced risk topics and learn to tailor risk profiles & risk reports for key stakeholders.
