Risk Management for Mid-Level Managers

To raise business risk awareness and develop skills to assess, monitor and control business risks. To develop an appreciation of the implications of business risks.

Awarding Body

ATHE/LIBT

Duration

25 Hours

Start Date

All Year Around

Study Mode

Classroom Workshop

By the end of this programme, the participant will be able to:

  • Understand the risk management function in business
  • Understand how business risk is assessed and managed
  • Understand the effects of business risks and how they can be managed
  • Understand approaches to crisis management and business continuity planning
  1. Understand the risk management function in business
  • Role of risk management
    • Purpose of risk management – why risks need to be managed
    • Identifying risks
    • Review of activities and internal environment
    • Setting objectives
    • Risk assessment (impact and likelihood)
    • Risk response plans
    • Control and monitoring
  • Functions that have a role in managing risk
    • Strategic planning
    • Marketing
    • Compliance
    • Operations
    • Legal and accounting
    • Insurance
    • Treasury/accounting
    • Management and quality assurance
    • Internal audit
    • Health and Safety
    • Environmental
  1. Understand how business risk is assessed and managed
  • Risk assessment
    • Analysis
    • Identification
    • Description
    • Estimation
    • Control measures
    • Evaluation and Review
  • Risk Management Frameworks:
    • ERM programmes
    • COSO
    • ISO 3001
    • Corporate governance/compliance
    • Actuarial approaches
    • Insurance
    • Legal issues
  • Risk management process
    • Risk assessment
    • Risk reporting
    • Decisions
    • Risk treatment
    • Residual risk reporting
    • Monitoring – ongoing and formal audit
    • Modification
  1. Understand the effects of business risks and how they can be managed
  • Drivers
    • Strategic risks (e.g. Competition, changes in society or markets)
    • Financial risks (e.g. Liquidity, foreign exchange, credit risk)
    • Operational risks (e.g. Product failure)
    • Hazard Risks (e.g. Natural Disasters)
    • Information risks (e.g. Computer hacking) Operations: identifying risks in business operations (as above)
  • High risk areas
    • Data
    • Systems integrity
    • Reputation
    • Financial theft
  • Risk management strategies:
    • Employment practices
    • Fraud prevention measures
    • Health and safety policy
    • Protection of physical assets and business continuity
    • Process and product management
    • Benchmarking
    • Disaster management
  1. Understand approaches to crisis management and business continuity planning
  • Vulnerability
  • Factors
    • Size of business
    • Operating environment
    • Physical environment
  • Impacts
    • Loss of profits
    • Loss of assets
    • Inability to trade
  • Approaches
    • Business continuity planning
    • Impact assessment
    • Threat assessment
    • Scenario definition
    • Recovery solution design (including customer / stakeholder management)
    • Implementation and communication
    • Testing
    • Maintenance and update
    • Crisis assessment
    • Incident resolution, roles and actions
  • Entry Level Managers

How many students are there in a classroom?

It depends on how many would enroll per intake. Even if the number of students are just 1, we still continue with the training as planned. The maximum number of students we will have in a classroom is 10.

Can I request a date that is convenient for me?

Absolutely! We will arrange the training that is convenient for you. The training date is completely customizable.

Can I change the course content?

Yes, if the contents of the course needs to be changed, please let us know. We will communicate with you and get a course outline that works for you finalized.

Does it matter which industry I work at?

It really doesn’t. We take cases and discuss them to cover your industry. If you need the course to be customized and tailored to your industry, we can also do that. You’d have to let us know in advance by filling out the form below.

(The fees include coffee breaks, study materials and working lunches daily)

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