Risk Management for Risk Champions Masterclass

The programme

Programme overview

Every organisation depends on risk champions who can move an ISO 31000-based risk management process from paper to practice — and do it well enough that risk owners in the business units and supportive assurance functions (internal control, compliance, risk, and internal audit) all understand exactly where their responsibilities begin and end. This five-day masterclass builds that capability from the ground up: the full risk management process, from establishing context and identifying risk through to ranking, treatment, control, and implementation.

You’ll work through comprehensive lectures on each stage of the ISO 31000 process, paired with practical workshops that put the theory to work — building risk registers, designing risk ranking matrices, drafting a Risk Appetite Statement, and stress-testing your organisation’s risk readiness. By the end, you’ll have both the technical grounding and the practical tools to drive Enterprise Risk Management forward across your organisation, whatever seat you sit in.

Highlights

• Risk Management and the Risk Management Process
• Risk Identification and Formulation
• Risk Ranking and Treatment
• Risk Control
• Risk Management Implementation
• Risk Language and Risk Management Vocabulary

Who should attend

Who is this programme for?

• Risk Champions
• Chief Risk / Compliance Officers
• Chief Internal Audit
• Risk / Compliance Managers
• Risk / Compliance Officers
• Business Unit Heads
• Function / Department Heads
• Risk Management Function
• Internal Audit Function
• Internal Control Function

Learning outcomes

What you will learn

• Understand the definitions of key risk and risk management terms
• Explore the different stages of the risk management process
• Apply tools and techniques for risk identification and formulation
• Study risk ranking and risk treatment procedures
• Learn about risk appetite and risk tolerance
• Apply risk escalation and reporting procedures
• Understand the Enterprise Risk Management (ERM) model
• Discuss risk management implementation planning, including AI-assisted approaches to risk monitoring and reporting

Explore the programme

Detailed programme outline

• What is risk, and what is risk management?
• Types of risks and risk management approaches
• Risk management structure
• The risk management process (ISO 31000)
• Establishing the context
• Risk identification
• Risk classification: external environment and internal organisation
• Risk assessment (identification and analysis) techniques
• Horizon scanning; information gathering and processing tools
• Risk formulation: the cause-and-effect relationship of risk
• Risk prioritisation and ranking (the risk ranking matrix)
• Risk evaluation and risk vulnerability
• Risk appetite, risk tolerance, and risk capacity; risk profile
• Risk treatment and response; monitoring and reviewing
• Risk communication, escalation, and reporting
• Organisational resilience and business continuity planning
• Risk control techniques; using Key Risk Indicators (KRIs)
• Creating a risk register
• Risk management challenges and risk maturity
• Enterprise Risk Management (ERM)
• Risk management framework and risk strategy
• The Risk Appetite Statement (RAS) and risk governance
• The risk readiness checklist
• Leading practices in risk management implementation, including AI-assisted monitoring and reporting tools
• Risk language and risk management vocabulary

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.