USD 5,040
excl. VATThe Risk Specialist Masterclass is an intensive program designed to elevate your expertise in risk management. This comprehensive journey equips you with the knowledge and skills required to excel in risk assessment, mitigation, and strategic management. Throughout the course, you will explore fundamental risk concepts and definitions, gain insights into various forms of risk, including financial, operational, strategic, and compliance risks, and learn techniques for identifying, evaluating, and prioritizing these risks. The program focuses on risk mitigation strategies, covering avoidance, reduction, and risk transfer, alongside financial risk, operational risk assessment, and compliance considerations. It also emphasizes the principles and frameworks of enterprise risk management (ERM), highlighting its integration with organizational strategy and the role of Chief Risk Officers (CROs). Practical application is integral, with real-world case studies and a risk management simulation. An optional certification examination is available to earn the "Certified Risk Specialist" designation. The Risk Specialist Masterclass combines theoretical insights with practical experience, preparing you to navigate complex risk landscapes with confidence and professionalism. Join us to advance your career in risk management
Recall key risk management concepts and types of risks. Explain why risk management is vital across industries and its impact on organizations. Apply risk identification techniques and prioritize risks in practical situations. Analyze risk mitigation strategies, including avoidance, reduction, and transfer, for specific scenarios and evaluate financial risk factors and propose effective mitigation strategies. Construct an enterprise risk management framework aligned with organizational strategy and CRO roles
BK Management Team believe that learning is not only about acquiring technical skills, it is also about learning behaviors & Competencies that are desirable for work in plant operation & maintenance critical dimensions. Our holistic teaching develops our delegates' personal effectiveness to function both as an individual and as a team player. The course delivery & modes of instruction will incorporate theory , practical skills and Q&A sessions. To enhance learning outcomes, theory sessions will comprise classroom based lecture that will intersperse with interactive discussions, scenario-based, case-study, group exercises, video clips, power point slides, learners' Guide and the application of various tools which will be provided to help in the delegates and participants of the learning’s objectives. With successful implementation of the learnt skills they are bound to enhance Individual & Organizational growth. For online / Interactive Virtual sessions, Delegate should have a stable & good Internet connection on his Laptop
Advanced Risk Management Foundations
Evolution of Risk Management: From Compliance to Strategic Value
Overview of Enterprise Risk Management (ERM)
Key Frameworks and Standards:
ISO 31000:2018
COSO ERM 2017
Basel III / Solvency II (for financial institutions)
Risk Culture and Governance
Three Lines Model (formerly Three Lines of Defense)
Strategic Risk Thinking
Linking Risk to Strategy and Business Objectives
Scenario Planning and Black Swan Events
Strategic Risk Identification and Anticipation
Board Expectations and Risk Appetite Statements
Case Studies: Strategic Risk Failures and Lessons
Enterprise Risk Assessment & Analysis
Quantitative and Qualitative Risk Assessment Tools
Heat Maps, Risk Ratings, and Bow-Tie Analysis
Monte Carlo Simulation and Sensitivity Analysis
KRIs (Key Risk Indicators) and Emerging Risk Scanning
Conducting Risk Workshops and Facilitating RCSA (Risk and Control Self Assessment)
Risk Response & Treatment Strategies
Risk Avoidance, Mitigation, Sharing, and Acceptance
Control Framework Design and Testing
Integrating Risk Mitigation into Business Planning
Contingency Planning and Business Continuity
Using Insurance, Hedging, and Outsourcing
Operational and Emerging Risks
Operational Risk in a Digital World
Third-Party and Vendor Risk Management
Cybersecurity, Data Privacy, and AI Risks
Environmental, Social, and Governance (ESG) Risks
Reputational and Conduct Risk
Governance, Risk & Compliance (GRC) Integration
Unifying Governance, Risk, Compliance, and Audit
Risk Reporting Structures
Regulatory Risk and Compliance Mapping
GRC Software and Automation Tools
Aligning Risk & Compliance with Internal Audit
Risk Leadership & Culture
Building a Risk-Aware Culture
Change Management and Organizational Resilience
Ethical Risk Leadership
Communication Strategies with Stakeholders, Executives, and Boards
Behavioral Science of Risk Perception
Enterprise Risk Reporting & Visualization
Designing Effective Risk Dashboards and Reports
Data-Driven Risk Decision-Making
Aggregating Risk at the Enterprise Level
Reporting to Board, Regulators, and Stakeholders
Use of Business Intelligence Tools (e.g., Power BI, Tableau)
Risk Simulation, Workshops, and Case Studies
Real-World Risk Failures: What Went Wrong?
Hands-on Simulations:
Risk Scenario Building
Crisis Response Drill
Risk Appetite Exercise
Risk Committee Mock Session
Masterclass Capstone
Final Risk Strategy Presentation
Peer Review and Expert Feedback
Masterclass Certification Exam (Optional)
Individual Risk Maturity Assessment
USD 5,040
excl. VATDo you have any questions ?
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