Designing, Assessing and Benchmarking your Enterprise Risk Management Framework against Best Practice

An RMIA Virtual Course in partnership with The Protecht Group.

Protecht

About

Risk Management is maturing.

Building a comprehensive, effective, efficient and most of all, engaging risk management framework is key if you are going to realise the enormous benefits that a quality risk management capability can provide.  This 6-hour workshop will provide you with the perfect blueprint in order to benchmark your current framework and capabilities and assist you in developing your strategy for risk management going into the next decade.

Course Overview

1.     The WHY?

  • Clearly defining and articulating the objectives, purpose, uses and value add of ERM
  • Moving Risk Management from Hindrance to Enabler, from Risk Management to Outcome Management

2.     The WHAT?

  • Having a clear understanding of risk and controls, their components and types.
  • Using Risk Bow Tie Analysis
  • Creating a strong risk taxonomy and risk/control libraries

3.     The HOW?

  • The overall ERM framework “jigsaw”
  •      Integrating with and linking to Strategy and Objectives
  •      The importance of linking through critical processes
  •      ERM as the foundation
  • Framework components
  •      People and Culture
  •      Governance
  •      Processes and Systems
  •      Escalation, Reporting and Response
  •      Continuous Improvement
  • Governance – The Risk Appetite Statement
  • Processes and Systems
  •      Risk Assessment and stress testing
  •      Incident Management
  •      Risk Metrics
  •      Issues and Actions
  •      Controls Assurance
  •      Compliance
  • Escalation, Reporting and Response
  •      Dynamic and Integrated Risk Reporting and Analytics
  •      Using for Assurance
  •      Using for Decision Making

4.     The WHO?

  • Roles, Responsibilities, Accountabilities and Ownership
  • The three lines model
  • Everyone’s a risk manager

5.     Where to Next?

  • Maturing your Risk Management Framework
  • Areas of focus
  • Keys to success

Format of the Course

This course is delivered in an entirely online COVID-Safe format. The course is a total of six (6) hours delivered in four 90-minute sessions.

TRAINER: David Tattam from The Protecht Group

Author of 'A Short Guide to Operational Risk', David Tattam is an internationally recognised specialist in all facets of risk management, particularly at the enterprise level. David is the founder and current Director Research and Training for the Protecht Group, an Australian firm specialising in risk management software, consulting, advisory and training to a wide range of clients both locally and overseas. His career includes many years working with PwC, as well as two international banks. His achievements include the creation of the Middle Office (Risk Management Department) for The Industrial Bank of Japan in Australia and the complete implementation of all Australian operations, systems, procedures and controls for Westdeutsche Landesbank (WestLB). David’s passion is risk training, having developed numerous risk courses and trained many thousands over the past 2 decades. Protecht celebrated its 21st year in 2020.

PRICE: $660.00 incl.GST for Members

$792.00 incl. GST for Non-Members

CPD: 12 points

For Group Bookings please email events@rmia.org.au or call 02 9095 2500.

To register for this event go to Upcoming Events for current courses available.