Objective:
The objective of this course is to empower participants and organisations to:
- Assess Risk Maturity of the organization
- Plan Risk Management framework
- Identify risks and opportunities
- Perform qualitative risk analysis based on probability of occurrence and potential outcome
- Perform quantitative risk analysis: to assess the numerical impact of risks identified
- Plan risk responses including contingency plan to reduce overall exposure
- Implement risk responses in accordance with the agreed plan and timeline
- Monitor progress of implementation with proper reporting
Content:
Introduction to Risk Management
- Risk defined
- Opportunity
- Key risks
- Inherent risk
- Residual risk
- Risk appetite
- Risk factors
Understanding Risk Management Framework (RMF)
- Identification
- Measurement
- Mitigation
- Reporting and Monitoring
- Governance
Conclude on the risk maturity
- Enabled
- Managed
- Defined
- Aware
- Naive
Risk Response
- Avoidance
- Reduction
- Alternative
- Share or Insure
- Accept
Financial Risk Factors
- Credit Concentration
- Market
- Liquidity
- Business
Hedging & Use of Derivatives
- Understanding Derivatives
- Swaps
- Futures Contracts
- Forward Contracts
- Stock Option
Risk Management in Projects
- Scope
- Budget
- Clarity
- Communication
- Third Party Commitment
- Scheduling
How risks can be managed?
- Good corporate governance
- A diversified well-qualified board
- A capable senior management team
- Well-documented procedures
- Strong internal controls
- An independent internal audit function
- Effective risk assessment and oversight process
For Whom:
- Financial Directors
- Senior Executives in the Finance sector
- Chief Financial Officer
- Finance Managers
- Chief Risk Officers
- Risk Managers
- Internal Auditors
- Professionals reporting to the CFO and CRO