Risk Management Training for Risk Champions

The programme

Programme overview

Risk champions are integral to effective risk management. This course helps participants identify risks and opportunities and gives them the confidence to communicate and champion risk management issues within the organisation. Participants will learn risk management concepts and practical techniques to help influence and guide their colleagues. The course is delivered by a risk management expert in an interactive manner, using a number of case studies.

Who should attend

Who is this programme for?

• Risk Champions

Learning outcomes

What you will learn

• Equip participants with the skills, knowledge, and leadership qualities required to champion risk management across the business
• Clarify your responsibility for stepping in where risk management efforts are being hampered
• Provide expert guidance for managing problematic and transversal risks that require a multi-participant approach
• Build capacity in risk management concepts, principles, and processes
• Understand enterprise risk maturity models and the progression pathway to higher maturity
• Use AI-assisted tools to support risk register maintenance and reporting

Explore the programme

Detailed programme outline

• Definitions of risk and risk management, and Enterprise Risk Management (ERM)
• Introduction to the COSO Risk Management Framework and ISO 31000
• ERM maturity models
• Summary of the ERM policy, and the implications of policy violations
• Qualities of a Risk Champion
• Performance management for Risk Champions
• The importance of influencing risk culture
• What is a Risk Register?
• Establishing a risk universe and brainstorming risks
• The parts of the Risk Register, and quality standards
• Properly describing risks
• Assessing likelihood and impact of risk occurrence
• The 7 R's and 4 T's of risk management
• Designing a Risk Response Plan
• Types of controls
• Assessing the design and operating effectiveness of controls
• Determining residual risk
• The Risk Mitigation Plan
• Reporting on risks and reporting frequency
• Monitoring risks, including AI-assisted tools for register maintenance and reporting
• Action planning for Risk Champions

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.