By the end of this training course, trainees will be able to:
- Develop and perform RCSAs as part of the ERM framework.
- Identify the principles of risk management framework.
- Risk Management team: Joiner and mid-senior staff who are directly involved in identifying, assessing, and mitigating non-financial risks.
- Units/departments: heads and representative for risk management.
- Introductions to risk management:
- Definition risk, management: stakeholder, risk source, event, consequence, likelihood, and controls.
- Risk management principles: integrated, structured and comprehensive, customized, inclusive, best available information, human and cultural factors, and Continual improvement.
- Risk management framework : leadership and commitment, integration, design, implementation, evaluation and improvement.
- Risk management process:
- Communication and consultation.
- Scope, context and criteria.
- Risk assessment (identification , analysis, and evaluation).
- Risk treatment.
- Monitoring and review.
- Recording and reporting.
- Operational risk management in organizations:
- Operational risk definition.
- Operational risk management Governance:
- Lines of defenses (1st, 2nd, 3rd).
- Roles and responsibilities of the Lines of defenses.
- Tools used for managing operational risk :
- Issues.
- Action plans.
- Incidents.
- Key risk indicator (KRI).
- Risk controls self assessment (RCSA).
- RCSA process:
- The process of performing RCSA: main elements definitions and process.
- RCSA organization :
- Planning and preparations .
- Workshops.
- RCSA results acceptance.
- Reporting and communicating.