Risk Management, Control & Compliance (corporate Governance)

INTRODUCTION

This Risk Management, Control and Compliance training course will enable you to deal with one of the most difficult challenges in 21st century management. 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 minimise its potential negative impact. The training course will show you how to analyse and minimise risk; turn risk into opportunity; and manage uncertainty. 

This training course is structured around the ISO 31000:2018 framework, principles and processes. It will also demonstrate how to develop internal control mechanisms and explain how to measure risk in terms of probability and potential impact, at the same time as ensuring that the organisation complies with increasingly strict international standards of corporate governance.

DURATION

5 Days

TARGET AUDIENCE

This Risk Management, Control and Compliance training course 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 course:

• Strategic and Operational Planners
• Financial Managers
• Human Resource Specialists
• Systems and Process Design Specialists
• Marketing and Commercial Managers

OBJECTIVES

The training will enable participants to;

• Understand risk management and its application within an organisation
• Identify, evaluate and control risk in strategy and operations of your organisation
• Design and implement an effective risk management process
• Ensure that your organisation can meet the rising standards of corporate governance
• Communicate the characteristics of effective risk management to your teams

COURSE OUTLINE

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 Prioristisation
• Using Quantitative and Qualitative Techniques in Assessing Risk
• The Concept of the Risk Management Cycle and How This Works

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
• Optimising a Risk Management Process

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

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

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

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMONDATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent