Risk Champion Masterclass
5 Day Training
Dates: 07 – 11 April 2025
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online
Price: Available on Request
Course Introduction
Prospen Africa’s Risk Champion Masterclass aims to develop Enterprise Risk Management (ERM) Champions capable of driving ERM initiatives. Participants will acquire the knowledge and skills necessary to implement a comprehensive Integrated Risk Management (IRM) model across the enterprise. The course helps distinguish the respective Risk Ownership roles at the Business Units from those Supportive Roles at the Assurance and Control Functions like Internal Control, Compliance, Risk, and Internal Audit. It combines comprehensive lectures covering the stages of the Risk Management process based on the ISO 31000 standard model, with practical workshops addressing the application side of the subject. This course targets participants from the Human Capital in charge of Managing Risks and Supporting ERM success within the organization, equipping them with best practice tools and instruments to perform their roles effectively and competently.
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Highlight:
Risk Management and Risk Management Process
Risk Identification and Formulation
Risk Ranking and Treatment
Risk Control
Risk Management Implementation
Risk Language and Risk Management Vocabulary
Course Objectives
By the end of this Risk Champion Masterclass training course, participants will be able to:
Understand the definitions of key terms of Risk & Risk Management
Explore the different stages of the Risk Management process
Apply tools and techniques used for Risk Identification & Formulation
Study Risk Ranking and Risk Treatment procedures
Learn about Risk Appetite, Risk Tolerance
Apply Risk Escalation and Reporting procedures
Understand the Enterprise Risk Management model
Discuss Risk Management Implementation planning
Who should attend?
Risk Champion Masterclass course is targeting all those involved in the Risk Management process, from design to implementation, at Business Units and Assurance and Control Functions, including:
Risk Champions
Chief Risk / Compliance Officers
Chief Internal Audit
Risk / Compliance Managers
Risk / Compliance Officers
Business Unit Heads
Function / Department Heads
Risk Management Function
Internal Audit Function
Internal Control Function
Training Methodology
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Training Outline
Day 1: Risk Management Process
What is Risk, What is Risk Management?
Types of Risks, Risk Management Approaches
Risk Management Structure
The Risk Management Process (ISO 31000)
Establishing the Context
Risk Identification
Day 2: Risk Identification and Formulation
Risk Classification
External Environment
Internal Organization
Risk Assessment (Identification and Analysis) Techniques
Horizon Scanning
Information Gathering Techniques
Information Processing Tools
Risk Formulation (The Cause and Effect Relationship of Risk)
Day 3: Risk Ranking and Treatment
Risk Prioritization and Ranking (The Risk Ranking Matrix)
Risk Evaluation, Risk Vulnerability
Risk Appetite, Risk Tolerance and Risk Capacity
Risk Profile
Risk Treatment and Response
Risk Monitoring and Reviewing
Risk Communication, Escalation and Reporting
Day 4: Risk Control
Organizational Resilience and Business Continuity Planning
Risk Control Techniques
Using Key Risk Indicators (KRIs)
Creation of a Risk Register
Risk Management Challenges
Risk Maturity
Enterprise Risk Management (ERM)
Day 5: Risk Management Implementation
Risk Management Framework
Risk Strategy
Risk Appetite Statement (RAS)
Risk Governance
Risk Readiness Checklist
Leading Practices in Risk Management Implementation
Risk Language and Risk Management Vocabulary
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