Risk Appetite, Culture and Reporting
- March 13, 2020
- 9:00 am to 4:00 pm
- Conrad Clark Training Hub, 3rd Floor Ibukun House. 14 Adetokunbo Ademola Street, Victoria Island, Lagos.
This course explains practical risk appetite and how it plays a crucial role in effective risk management. You will learn how to define specific categories of risk and use case studies to determine the appropriate level of risk to take in-line with business objectives.
This one-day course will cover the concepts of risk culture and what it means for your organisation. You will also learn how to improve risk taking through the implementation of effective risk management techniques. Delivered through presentations, interactive workshops and group work, you will have plenty of opportunities to learn from the experiences of other delegates.
Many organisations already have risk reporting processes in place but these are not always reviewed as often as they should be. Timely, accurate and effective risk reporting is an integral part of a strong management framework, ensuring that the most up-to-date risk reporting techniques are being used to enhance decision making. This one-day course will explore the best and most up-to-date practices, providing a grounding in the design and implementation of effective risk reporting.
By the end of the course, participants will have understanding of:
- The basic concepts and links between risk appetite, governance and corporate performance.
- Applying risk appetite techniques to overcome challenges and establish monitoring tools.
- Managing and developing a risk appetite framework and programme to add value to strategic decision making.
- How significant risk culture and control are to organisations, and the different levels of risk culture.
- The external and internal factors which can affect the risk culture of an organisation.
- Reviewing and evaluating various approaches to monitoring risk culture, including the use of surveys and metrics.
- Different regulatory approaches to risk culture, including HSE, financial services and financial reporting.
- The strengths and limitations of various risk reporting tools such as risk registers, key risk indicators, risk matrices.
- How risk reporting fits into strategic decision making, controls and reporting.
- The recent developments in risk reporting tools and methodologies.
- Managing your risk reports effectively, including: producing reports for different audiences; potential problems with collecting data; designing a report; and using risk reporting systems.
- Directors and Chief Executive Officers.
- Risk, Compliance and Auditors Professionals
- Heads of Department.
- Risk Managers.
- Risk Practitioners.
- Operations Managers.
- Chief Risk and Finance Officers.
- Business Executives.
- Finance Managers.
- Data Officers, Managers and Executives.
9:00 AM — 10:00 AMRisks and Risk Management• Risk Categorisation (Taxonomy) • Sources of Business Risk • Biggest Global Risks • The UK, Risk and Brexit
10:00 AM — 11:00 AMRisk Appetite• What is it? • Capital vs. Earnings • Why measure Risk Appetite? • What makes good RA statements • Risk Appetite levels • Setting Process
11:00 AM — 12:00 PMRisk Appetite Process• Risk Statements (Objectives) • Five tests for risk appetite frameworks • Example - Risk Appetite
12:00 PM — 1:00 PMThe Risk Management Process• Risk Identification & Description • What we know • Spot the difference • Two reporting tools • Risk Register • Performance Management • Performance score card • What’s the solution? • Leading Indicators • Lagging Indicators
2:00 PM — 3:00 PMReporting, Culture & Communication• Internal & external reporting • Reporting flow • Stakeholders (Interested parties) • Exercise: Who are your stakeholders and what are their expectations? • Personal predisposition to risk and organisational culture
3:00 PM — 4:00 PMRisk Perception & Communication• Risk Perception & Communication • Characteristics Influencing acceptability of Risk • Factors Influencing Acceptability (1) i. Nature of the risk ii. Consequences of the risk iii. Management of the Risk • Biases Influencing Probability Estimate • More Possible Pitfalls ….
Date: 13 Mar, 14 Aug, 17 Nov, 2020.
Venue: Conrad Clark Training Hub, 14 Adetokunbo Ademola Street, Victoria Island, Lagos.
Cost: #85,000 (VAT Excl).
Delegates Takeaway: CDP Certificate Attendance, Post Workshop Support
Enquiries: 08095550641, firstname.lastname@example.org