The 2024 Effective Risk Management Toolkit in Business World
Learn the world-class risk management tools to manage risks effectively in any organization
Ratings 4.20 / 5.00
What You Will Learn!
- Learn the world-class risk management tools to manage risks effectively in any organization
- Describe the roles and responsibilities of: Business Units; Risk Management Division and Internal Audit in managing risks
- Understand the modern Risk Management tools in elite organizations like : CRSA, KRI, LED, Scenario Analysis
- Understand the common risk language and vocabularies that are being used by most organizations in today's world
Description
The uncertain economic times of the past few years have had a major effect on how companies operate these days. Companies that used to operate smoothly with the help of forecasts and projections now refrain from making business judgements that are set in stone. Now, companies have a renewed focus: to manage risk.
Risk is the main cause of uncertainty in any organisation. Thus, companies increasingly focus more on identifying risks and managing them before they even affect the business. The ability to manage risk will help companies act more confidently on future business decisions. Their knowledge of the risks they are facing will give them various options on how to deal with potential problems.
Risk management is important in an organisation because without it, a firm cannot possibly define its objectives for the future. If a company defines objectives without taking the risks into consideration, chances are that they will lose direction once any of these risks hit home. Therefore, all big consulting firms in the world like Mckinsey, BCG, Bain, PwC consulting, KPMG consulting, Deloitte consulting, EY consulting are providing risk advisory services to companies.
BY ATTENDING THIS COURSE, you would:
- Learn a modern risk management toolkits that being used by many elite organizations around the world including :
1.Risk culture
2.Risk appetite
3.Risk governance
4.Risk Management Policy and Procedures
5.Risk Self Assessment Process
6.Key Risk Indicators
7.Loss Event Database
8. Management Information System
9.Stress testing and scenario analysis
- be able to understand the governance structure in managing risks, how companies are preventing and detecting Risks on daily basis
- be able to communicate confidently with risk management professionals and consultants regarding risks and related domains
- be able to perform research and analysis on operational risks and management cases
- be able to get the first steps in pursuing a career in risk management.
- get a certificate of completion of this course
Who Should Attend!
- This course has been designed to complement organisations’ existing risk management frameworks. This course will benefit to those responsible for the management of risk on a day to day basis, namely Chief Risk Officers, risk managers, compliance officers, departmental managers and risk and control owners.
- Internal Auditors and Internal Controls Professionals
- Chief Executive Officers who want to have a comprehensive view about risk management process
- Risk Management Students, Business and Finance Students, Banking Students, bankers
- Other learners who want to learn about basic concepts of Risks Management and its components
