Advanced Process Risk Management, Risk Assessment, and Compliance

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Managing risks effectively is a critical component of an organization’s long-term sustainability and compliance with regulatory requirements. This course delves into advanced risk management methodologies, equipping professionals with the knowledge and skills to identify, assess, and mitigate operational risks. Participants will learn about risk frameworks such as ISO 31000, COSO, and Basel, as well as best practices for regulatory compliance, business continuity planning, and crisis management. The course offers a hands-on approach, incorporating real-world case studies to enhance practical application.

Objectives

By the end of this course, participants will be able to:

• Understand advanced risk management principles.
• Identify, assess, and mitigate operational risks.
• Develop and implement compliance frameworks.
• Enhance decision-making with risk analytics.
• Foster a risk-aware corporate culture.

Who Should Attend?

• Risk management professionals.
• Compliance officers and auditors.
• Operations and process managers.
• Business continuity and crisis management teams.

Course Outline

Day 1: Introduction to Process Risk Management

• Understanding enterprise risk management (ERM).
• Risk identification techniques and risk categorization.
• Risk appetite and tolerance levels.

Day 2: Risk Assessment and Mitigation Strategies

• Qualitative and quantitative risk assessment models.
• Risk control measures and mitigation techniques.
• Scenario planning and impact analysis.

Day 3: Compliance and Regulatory Frameworks

• Industry-specific compliance requirements.
• Implementing ISO, COSO, and Basel frameworks.
• Managing audits and regulatory reporting.

Day 4: Technology and Risk Analytics

• Leveraging AI and data analytics for risk assessment.
• Cybersecurity and IT risk management.
• Real-time monitoring and predictive analytics.

Day 5: Crisis Management and Business Continuity Planning

• Preparing for operational disruptions.
• Crisis response strategies and communication plans.
• Case studies of successful risk mitigation.

Day 6: Internal Controls and Governance

• Establishing strong internal control systems.
• Governance best practices for risk oversight.
• Risk-based decision-making strategies.

Day 7: Practical Risk Management Workshop

• Hands-on case studies and role-playing scenarios.
• Risk assessment exercises.
• Final evaluation and certification.