Course Details
Duration: AEST (UTC+10:00)
9:00am - 12:00pm - Wednesday, 23 July 2025
Venue:
Online
Costs:
RMIA Members $660.00 (incl GST)
Non-Members $770.00 (incl GST)
CPD Points: 3
About The Course
An indicative agenda for a 3-hour Effective Risk Reporting training session designed for Risk Professionals; including Risk Managers, Heads of Risk, Chief Risk Officers and Audit & Risk Committee Members
An organisation may have state of the art risk management frameworks and policies, practices, and controls but if the Board, sub-committees and executive are not kept up to date with what is really happening in the business, then this is in fact a failure of the organisation’s risk framework, governance and culture. Effective risk reporting is key to bringing it all together.
This course will provide background on the types of risks that need to be reported up to the Risk Committee, Executive and Board as well as the types of reports that should be presented and the critical information that they should contain.
Topics Covered
What does the Risk Committee and Board want to know about?
Key risks
Strategic versus Operational risks
Risk appetite
Effectiveness of control
2. What should the CEO and other Executive know about?
Operational risks across the organisation
Departmental / business unit greatest risks
3. What should be reported on?
Common omissions / gaps
Current controls & effectiveness
Evidence based reporting
Lag & Lead Indicators
4. Dynamic risk reporting
Current risks
Emerging Risks
Risk management outputs - identification, analysis, evaluation, treatment, recording and reporting
Valuation of organisational risk arrangements – culture, risk management structure, governance, accountabilities & responsibilities, implementation and framework evaluation and improvement
Performance measures
5. Purpose of Risk Reporting
Supporting informed decision making
Promotion of good understanding or risk
Promotion of confidence in assessing and treating risk
Linked to Strategic & Business objectives
Assurance that controls are effectively implemented
Group Bookings: For Group Bookings, please contact us via email on pdp@rmia.org.au or by phone on 1300 775 648.
When you register for this course you agree to the RMIA passing your registration details onto our Training Partner, Riskcom.