RMLPRisk Management Leadership Program
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Course Overview
We are now entering an era were black swans and grey rhinos are becoming much more common in the board room. We are no longer living in the world of least likely events not happening. On the contrary, we are in a post pandemic environment embroiled with major macroeconomic / geopolitical, technological changes that will impact many aspects of the way we live. The spill over social impact will also impact organizations operationally and culturally.
Hence, organizations are learning that Risk Management principles have not only been designed for the sake of establishing a risk management function within the organization.
Risk management principles have been created to embed the appropriate disciplines throughout the organization that can enable stakeholders (risk owners) to better foresee future events and be prepared to deal with their consequences.
This program has been designed for Board Directors & C-Suite to enable them to obtain a more detailed understanding of how essential risk management concepts can be utilized to enhance their decisionmaking capabilities.
The program will focus on making sure that participants understand their role as it relates to risk management and at the same time the roles of other stakeholders in the organization. These are key topics that will be addressed in this program.
Hence, organizations are learning that Risk Management principles have not only been designed for the sake of establishing a risk management function within the organization.
Risk management principles have been created to embed the appropriate disciplines throughout the organization that can enable stakeholders (risk owners) to better foresee future events and be prepared to deal with their consequences.
This program has been designed for Board Directors & C-Suite to enable them to obtain a more detailed understanding of how essential risk management concepts can be utilized to enhance their decisionmaking capabilities.
The program will focus on making sure that participants understand their role as it relates to risk management and at the same time the roles of other stakeholders in the organization. These are key topics that will be addressed in this program.
Key Takeaways
1
Identify the essential components of effective risk governance
2
Understanding Black Swans & Grey Rhinos
3
Leveraging Risk Management framework to enhance risk management practices in the organization.
4
Understanding the different types of risk reports that need to be reviewed at the Risk Committee / Board Level
National Association of State Boards of Accountancy
LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
Course Outline
Part 1
→ Risk Governance – What are its key elements.
→ Black Swans & Grey Rhinos
→ Risk Culture in the Board Room
→ Fostering an effective risk culture in the organization
→ The Risk Taxonomy every board member needs to understand
→ Individual Board Member responsibility towards Risk Management
→ The CEO as the Chief Risk Officer
→ Risk Appetite and Key Risk Indicators (KRIs) – The compass to effective risk management.
→ Nomination Committee – Considering risk capabilities during board membership and C-Suite nominations.
→ Remuneration Committee – Remuneration policies that can incentivize risk taking.
→ The Board of Directors & The Chief Risk Officer – A relationship that needs to be understood well.
→ Board oversight & strategy implementation – A key risk management tool
→ The role of Internal Audit in providing assurance over the organizations Risk Management Practices.
→ Black Swans & Grey Rhinos
→ Risk Culture in the Board Room
→ Fostering an effective risk culture in the organization
→ The Risk Taxonomy every board member needs to understand
→ Individual Board Member responsibility towards Risk Management
→ The CEO as the Chief Risk Officer
→ Risk Appetite and Key Risk Indicators (KRIs) – The compass to effective risk management.
→ Nomination Committee – Considering risk capabilities during board membership and C-Suite nominations.
→ Remuneration Committee – Remuneration policies that can incentivize risk taking.
→ The Board of Directors & The Chief Risk Officer – A relationship that needs to be understood well.
→ Board oversight & strategy implementation – A key risk management tool
→ The role of Internal Audit in providing assurance over the organizations Risk Management Practices.
Part 2
→ Why is Risk Management Failing?
→ The Organizations Internal Control Framework – What boards fail to understand
→ Key Learning items from risk management failures.
→ Risk Models & Why do they fail
→ The Organizations Internal Control Framework – What boards fail to understand
→ Key Learning items from risk management failures.
→ Risk Models & Why do they fail
Part 3
→ The Role of Key Governance Stakeholders
→ Enterprise Risk Management & Banks – A Misunderstood relationship
→ High Level Overview of key Risk Management Frameworks (COSO, ISO)
→ The Three Lines Model & Risk Ownership
→ Risk Management Reporting – What every board member needs to know.
→ Enterprise Risk Management & Banks – A Misunderstood relationship
→ High Level Overview of key Risk Management Frameworks (COSO, ISO)
→ The Three Lines Model & Risk Ownership
→ Risk Management Reporting – What every board member needs to know.
Who Should Attend?
This highly practical and interactive course has been specifically designed for
→ Board Directors
→ Board Risk Committee Members
→ Board Audit Committee Members
→ Chief Executive Officers
→ General Managers / Directors
→ Head of Business Lines / Departments
→ Chief Risk Officers
→ Chief Audit Executives
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FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +91 4 95 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.