Risk Management Training

Risk Management Training

A General Overview of All Main Aspects of Enterprise Risk Management (ERM)

|
Platform:
Online
In-class
Date Venue Duration
16 - 20 November 2026 Sandton, Gauteng 5 Days
18 - 22 January 2027 Sandton, Gauteng 5 Days
01 - 05 March 2027 Sandton, Gauteng 5 Days
12 - 16 April 2027 Sandton, Gauteng 5 Days
24 - 28 May 2027 Sandton, Gauteng 5 Days

Course Introduction

This Risk Management Training course provides you with a general overview of all main aspects of risk management, starting from the definition of the term and going through the building blocks of the total integrated Enterprise Risk Management (ERM) model, together with its related risk governance arrangements. This course will enable participants to appreciate the need and urgency to revisit their existing risk management framework, with an aim to improve and align it with the overall organisational strategic plan.

 

It will also allow a better understanding and clarity on the functional structures, roles, and responsibilities required to ensure effective, enterprise-wide risk management implementation — including how King IV, and the emerging King V code, shape governance expectations for South African organisations specifically.

Course Objectives

By the end of the Risk Management Training, participants will:
 
  • Understand the definitions of key risk and risk management terms
  • Explore the different stages of the risk management process
  • Learn the tools and techniques used for risk assessment
  • Study risk formulation, risk ranking, and risk treatment
  • Learn about risk appetite, risk tolerance, and risk escalation
  • Understand the Enterprise Risk Management (ERM) model
  • Study the risk governance framework, including King IV/V’s requirements for South African organisations
  • Explore how AI is reshaping risk management, including the ISO 23894 AI risk management standard

Who should attend?

  • Risk / Compliance Management Function
  • Executive Management and Directors
  • Governing Body & CEO Level
  • Senior Management and Middle Management
  • Senior Risk Officers
  • Internal Audit Function
  • Internal Control Function
Audit, Risk and Governance courses

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: Introduction to Risk Management
Module 1: What is Risk? Definition, Types & Classification
  • Activity: Risk Mapping Exercise.
Module 2: The Role of Risk Management in Modern Enterprises
  • Case Study: A Historical Look at Major Corporate Failures.
Module 3: The Risk Management Process — Identification, Assessment, Mitigation & Review
  • Activity: Risk Assessment Simulation.

Day 2: Risk Governance & Stakeholders
Module 4: Principles of Risk Governance, Including King IV/V
  • King IV's (and the emerging King V's) requirements for South African organisations, including the Three Lines Model and combined assurance
  • Discussion: The Board's Role in Risk Oversight.
Module 5: Stakeholder Roles in Risk Governance: CRO, CEO, Board, etc.
  • Activity: Role-Playing Stakeholder Risk Conversations.
Module 6: Designing a Risk Governance Framework
  • Workshop: Drafting a Risk Governance Charter.

Day 3: Risk Assurance: Ensuring Risk Oversight
Module 7: Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)
  • Exercise: Designing Effective KRIs for a Hypothetical Company.
Module 8: The Role of Internal Audit in Risk Assurance
  • Case Study: Effective Risk-Based Auditing.
Module 9: Integrating Risk Assurance with Business Strategy
  • Discussion: Best Practices from Industry Leaders.

Day 4: Control Frameworks: Design & Evaluation
Module 10: Introduction to Popular Control Frameworks: COSO, ISO 31000, etc.
  • Activity: Comparing and Contrasting Different Frameworks.
Module 11: Implementing Control Frameworks: Steps, Challenges & Best Practices
  • Workshop: Creating a Control Implementation Roadmap.
Module 12: Evaluating the Effectiveness of Control Frameworks
  • Exercise: Evaluating Control Framework Case Studies.

Day 5: Case Studies & Real-World Applications
Module 13: Analysing Real-World Risk Management Failures
  • Discussion: Lessons Learned and Preventive Measures.
Module 14: Innovations in Risk Management: Digital Tools, AI & More
  • The ISO 23894 AI risk management standard, and how it applies to AI-assisted risk monitoring and reporting tools
  • Presentation: The Future of Risk Management Technology.
Module 15: Capstone Activity: Enterprise Risk Management Project
  • Workshop: Designing a Comprehensive ERM Strategy for a Hypothetical Organisation.

Course Categories

Get a Quote Banner Outline

Request a Call Back

Your submission has been successful

Please check your email for confirmation

Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

Central Bank of Lesotho

Fraud Risk Management

The Fraud Risk Management training was clear, practical, and very relevant to day-to-day work. Content was well structured and the real world case studies made concepts easy to apply. Presenter knowledge and engagement kept the session interactive. Overall a valuable program that strengthened my understanding of fraud detection, prevention, and regulatory requirements.

Central Bank of Lesotho

Fraud Risk Management

The facilitator was exceptionally good, approachable eloquent and was able to structure the course content to relate to our specific work designations, it was just perfect service delivery

Central Bank of Lesotho

Fraud Risk Management

Keep up the good work which I experienced during my training being training materials offered and great hospitality we received from all the staff members

Centenary Rural Development Group Ltd

Risk Management for Risk champions

Very informative course with good content and benchmarks of key players in South Africa. We are able to agree a plan on how to build an enterprise risk management framework for a developing group of companies. Several references to guide us and experienced Facilitators

GEMS

Auditing the ESG Process Masterclass

Very happy with the training. It was excellently delivered and comprehensively covered all critical aspects of ESG and effectively contextualised them within the environments of our respective organisations.

North West Gambling Board

Risk Management in the Public Sector

The course was eye opening and exceeded my expectations.

FAQs – Risk Management Training

Master enterprise risk management (ERM), learning risk governance frameworks, risk assessment methodologies, strategic risk alignment, and emerging AI risk management standards to build robust organizational resilience.

What is covered in the Risk Management Training course?
The course covers fundamental risk management principles, enterprise risk frameworks, risk identification and assessment methodologies, qualitative and quantitative analysis, risk treatment strategies, and continuous risk monitoring.
Who should attend this Risk Management Training?
This training is designed for risk officers, operational managers, internal auditors, compliance professionals, project leads, department heads, and professionals looking to build foundational expertise in organizational risk management.
How does this course help organizations identify and assess operational risks?
Delegates learn practical methods to map operational workflows, identify potential hazard triggers, evaluate likelihood and impact metrics, and analyze root causes to prevent business disruptions.
Will delegates learn how to develop effective risk treatment plans?
Yes. The curriculum explores practical risk response strategies—including risk avoidance, mitigation, transfer, and acceptance—and guides participants in designing actionable risk treatment action plans.
Does the masterclass incorporate international risk management standards?
Yes. The training aligns core concepts with recognized frameworks such as ISO 31000 and COSO ERM, ensuring participants learn globally benchmarked risk management best practices.
Why is structured risk management training essential for employees at all levels?
Equipping staff with risk management skills fosters a proactive risk-aware culture, improves operational decision-making, protects corporate assets, and minimizes unexpected financial or operational losses.

Related Courses

Your submission has been successful

Please check your email for confirmation