Finance & supply chain · Short course
Advanced Risk Management
Examining complex risks, organisational interdependencies and risk oversight.
The programme
Programme overview
Expanded indicative outline. The subject areas are described below; proposed activities and final delivery requirements are confirmed with Ratomac before booking.
Examining complex risks, organisational interdependencies and risk oversight.
The programme brings together risk integration, assessment approaches, oversight and response evaluation. The expanded outline below shows how these areas can be explored through explanation, discussion and the preparation of relevant work products.
A proposed workshop runs through the programme: Several apparently small risks combine to threaten a strategic organisational objective. Participants would examine the situation in stages, use the information provided and explain the basis of their decisions. The workshop is fictional and can be adapted when the final training plan is agreed.
Who should attend
Is this programme for you?
This outline is relevant to the following roles. Suitability and any formal entry requirements should be checked for the selected programme.
- Experienced risk staff, assurance teams and senior managers.
- Individuals preparing to take on responsibilities in this area.
- Teams seeking a shared approach to the work described in the programme.
Purpose of the learning
Intended learning outcomes
- Map interdependencies and develop an integrated risk scenario.
- Compare assumptions and the limits of available assessment information.
- Prepare a risk appetite and oversight discussion for management.
- Evaluate the evidence supporting control effectiveness and response choices.
- Combine the module outputs into a reasoned response to the programme’s workplace scenario.
5 learning blocks
Detailed programme outline
01Risk integration
This part of the programme examines risk integration, with attention to interdependencies and strategic objectives. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Interdependencies.
- Strategic objectives.
- Applied work: map interdependencies and develop an integrated risk scenario.
Illustrative practical exercise
Map interdependencies and develop an integrated risk scenario. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
02Assessment approaches
This part of the programme examines assessment approaches, with attention to scenarios and complex exposures. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Scenarios.
- Complex exposures.
- Applied work: compare assumptions and the limits of available assessment information.
Illustrative practical exercise
Compare assumptions and the limits of available assessment information. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
03Oversight
This part of the programme examines oversight, with attention to appetite, reporting and assurance. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Appetite.
- Reporting.
- Assurance.
- Applied work: prepare a risk appetite and oversight discussion for management.
Illustrative practical exercise
Prepare a risk appetite and oversight discussion for management. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
04Response evaluation
This part of the programme examines response evaluation, with attention to control effectiveness and emerging risks. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Control effectiveness.
- Emerging risks.
- Applied work: evaluate the evidence supporting control effectiveness and response choices.
Illustrative practical exercise
Evaluate the evidence supporting control effectiveness and response choices. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
05Integrated workplace workshop
Several apparently small risks combine to threaten a strategic organisational objective. The final workshop connects the earlier work rather than treating each topic as an isolated activity.
Topics to explore
- Bring together the outputs from the earlier modules into one coherent response to the scenario.
- Check that the recommendation addresses the original problem and is supported by the information available.
- Identify responsibilities, dependencies and matters that require specialist input or further evidence.
- Present the proposed response and revise it after questions from the facilitator and other participants.
Illustrative practical exercise
Prepare a concise presentation for the fictional organisation. Include the proposed response, the evidence supporting it and the decisions still required. Finish with a reflection on which aspects could be relevant to your own work.
From discussion to application
How the programme could be delivered
The proposed learning approach combines facilitator-led explanation, discussion of the subject areas and guided work on the fictional scenario. Each module produces a practical output that can be reviewed and improved.
Participants can work individually or in small groups to compare interpretations, explain their decisions and identify missing information. Feedback focuses on the connection between the task, the evidence used and the proposed response.
The final workshop brings the module outputs together. Ratomac will confirm the delivery format, learning resources, entry requirements and any formal assessment or certification arrangements for the selected programme.
Discuss your requirements
Dates, duration & arrangements
Contact Ratomac to agree the final programme, duration and delivery format. Include your preferred timing, location and whether the enquiry is for yourself or a team.
Discuss this programme ↗Indicative outline for discussion. The final syllabus is agreed with Ratomac before booking. The expanded learning activities and workplace scenario are original proposals for discussion with Ratomac.