Course Overview
This course is designed to equip global risk professionals with advanced knowledge and tools to identify, assess, and mitigate diverse risks in an interconnected, dynamic business environment. It addresses strategic, financial, operational, compliance, reputational, and emerging risks using globally recognized frameworks and practical techniques. The course emphasizes real-world application, critical thinking, and decision-making under uncertainty, enabling participants to build resilient and risk-informed organizations.
Course Objectives
Upon completion of this course, participants will be able to:
- Understand the global risk landscape and evolving risk typologies.
- Apply structured risk identification and evaluation techniques.
- Utilize tools such as risk heat maps, Monte Carlo simulations, and scenario planning.
- Develop and implement enterprise-wide risk mitigation and control strategies.
- Align risk management with corporate governance and strategic objectives.
- Monitor, report, and communicate risk effectively to stakeholders.
Who Should Attend
- Chief Risk Officers and Risk Managers
- Compliance and Audit Professionals
- Corporate Strategy and Governance Executives
- Financial Analysts and Investment Risk Specialists
- Legal, Regulatory, and ESG Professionals
- Operations and Business Continuity Managers
Course Outline
Global Risk Landscape and Frameworks
- Understanding the Complexity of Global Risks
- Categories of Risk: Strategic, Financial, Operational, Reputational, ESG
- Risk Management Frameworks (ISO 31000, COSO ERM, Basel)
- Global Risk Trends (Cybersecurity, Geopolitical, Supply Chain, Climate)
Risk Identification and Categorization
- Top-Down vs. Bottom-Up Risk Identification
- Tools: Risk Registers, Risk Taxonomies, PESTLE and SWOT Analyses
- Stakeholder Engagement in Risk Identification
- Case Study: Mapping Risks in a Global Business Environment
Risk Assessment and Evaluation
- Qualitative vs. Quantitative Assessment
- Likelihood, Impact, and Velocity Analysis
- Risk Matrix and Heat Map Development
- Sensitivity Analysis and Correlation of Risks
- Advanced Methods: Monte Carlo Simulation, Value at Risk (VaR)
Risk Mitigation and Control Strategies
- Risk Response Strategies: Avoidance, Mitigation, Transfer, Acceptance
- Internal Controls and Assurance Frameworks
- Scenario Analysis and Contingency Planning
- Insurance and Risk Transfer Mechanisms
- Key Risk Indicators (KRIs) and Control Effectiveness Reviews
Enterprise Risk Management (ERM) and Integration
- ERM Principles and Implementation Roadmap
- Integrating Risk with Strategy, Planning, and Performance
- Governance Structures: Risk Committees and Roles
- Three Lines of Defense Model
- Linking Risk Appetite and Tolerance to Decision-Making
Crisis, Resilience, and Emerging Risk Management
- Business Continuity and Crisis Response Planning
- Resilience Engineering and Adaptive Capacity
- Managing Emerging Risks: AI, Climate, ESG, Regulatory Shifts
- Horizon Scanning and Early Warning Indicators
- Embedding a Risk-Aware Culture Across the Organization
Risk Reporting and Communication
- Internal and External Risk Reporting Standards
- Dashboards, Scorecards, and Visualization Techniques
- Board Reporting and Executive Communication
- Role of Technology and GRC Platforms
- Best Practices for Transparent Risk Disclosure