Risk Training Modules

Effective Governance

This module will explore the governance arrangements that success businesses require to operate. These exist to clarify purpose and drive performance outcomes through careful attention to conformance and performance goals. In order to guide, direct and control an organisation, the Executive must understand the impact that leadership, culture and conduct has on the implementation and operation of the organisation’s approach to risk management.This is a great opportunity for Chartered Accountants to consolidate their knowledge of:

• Governance Framework
  • Risk categorisation
  • 3 lines of defence
• Governance and board directors’ and officers’ responsibilities
• Creating a positive culture – beyond conformation
• Relationships between governance, business strategy and enterprise risk management
  • Goal and parameter setting
  • Risk appetite as set by the Board
  • Clarification of expectations/culture
  • Monitoring what’s important 
• Conduct and ethics.

Enterprise Risk Management

This module explores good risk management practices which serve to identify, assess and inform business decisions, whether that be at the strategic, tactical or operational level. Risk management encompasses the identification, evaluation, mitigation, and monitoring of threats and opportunities. Whilst these activities are best informed by the risk owner, independent review and monitoring of risk performance serves to enhance the usability and completeness of this information for decision making by the Executive thus assuring good governance.

This is a great opportunity for Chartered Accountants to consolidate their knowledge of:

• Enterprise Risk Management Process
  • Board approved risk management framework/Risk tolerance and appetite
  • Risk Register – significant risks of interest to the Board
  • Risk identification, root cause analysis, measurement, control and management (including risk tools)
  • Risk analytics and a range of reporting techniques
  • Effective governance of data risk management
  • Stress testing and scenario analysis
  • Risk culture maturity (completeness of disclosure)
• 3 lines of defence
• Dependencies and interdependencies – subsidiary risk registers which support enterprise risk management and reporting.

This module is available now.

Strategic Risk

This module explores the management of strategic risk which is essential to business success.  Risks at this level typically encapsulate an organisation’s view of its business purpose or strategy.  As such, strategic risks will differ between organisations. Strategic risk can also be defined as the risk of loss that results from inadequate or failed decision-making or corporate governance and missed opportunity by an organisation’s Executive.

This is a great opportunity for Chartered Accountants to consolidate their knowledge of:

• Relationship between strategic risks and ERM
• Types of strategic risks
• Identifying strategic risks (such as pandemic, economic, technological, workforce, sovereign, political, environmental, sustainability, reputational, social, emerging)
• Key drivers and impacts 
  • velocity 
  • connectivity 
• Business resilience
• Significant adverse events.

This module is available now.

Financial Risk

This module explores the management of financial risks which is a key component in the success of any business. Where financial risks are not managed effectively, this is one of the most common drivers for corporate collapse and unplanned changes in ownership.

This is a great opportunity for Chartered Accountants to consolidate their knowledge of:

• Relationship between financial risks and ERM
• Types of financial risks
• Identifying and monitoring financial risks such as market risk, credit risk, liquidity risk, insurance risk, investment risk, accounting and tax risk
• Key drivers and impacts
• Risk adjusted performance metrics (benchmarking)
• Managing extreme shocks.

This module is available now. 

Non-Financial Risk

This module explores the management of non-financial risk which deals with the numerous microenvironments, systems and processes of an entity, all of which contribute to the organisation achieving its business strategy.  These typically encompass the people, process and systems critical to successful business operations – and are sometimes referred to operational risks.

This is a great opportunity for Chartered Accountants to consolidate their knowledge of:

• Relationship between non-financial risks and ERM
• Types of non-financial risks including:
  • compliance risks incorporating regulatory and legal components and policies
  • operational risks relating to the management & conduct/operation of people, processes, systems & projects, such as data, cyber, technology, workforce management, work health safety, sustainability, security and supply chain (contracting), 
• Identifying, monitoring and managing non-financial risks 
  • business continuity management
  • disaster recovery planning
• Key drivers and impacts
• Risk escalation

This module is available now.