Risk Management for Board of Directors and Senior Management

The risk oversight function of the board of directors has never been more critical and challenging than it is today. In the context of the current crisis companies face risks that are more complex and potentially more dangerous than ever before. That leads to increased regulatory focus on risk management and risk prevention.

But what exactly is the role of the board in corporate risk management? During this 2 day course you will have a chance to learn about the key tools and best practices to organise risk oversight function in an organisation. 

From governance structures, board responsibilities and the role of various committees as well as duties of non-executive directors and the scope of enterprise risk management, you will have a chance to explore the main processes and risk management strategies which can be applied in your organisation.  You will also learn about recent regulatory changes affecting financial sector.  

By the end of this course you will: 

• Understand the risk management process, including risk identification, assessment/analysis, measurement, control and monitoring
• Gain an insight into the importance of corporate governance as a key factor in the effective implementation of sound risk management policies and practices 
• Understand key risk control monitoring practices and the importance of balancing controls against business goals and objectives
• Have opportunities to apply concepts learned against “real” risk related activities, including risk assessments and implementation plans that can be used to the benefit of your organization
• Be better positioned to lead/participate strongly in efforts to transform their company’s risk management activities into value enhancing capabilities