This course will cover key assessment methods utilised for assessing risks and controls. The assessment methods discussed in this webinar will be based on internationally recognised standard - ISO 31000.
Why Should You Attend:
Assessment of risks and controls is a key part of any risk management process. The key objective of this step is to increase understanding of risks to organisation’s objectives and identify management actions to be undertaken to manage risks. Without appropriate understanding of risks, organisations may remain under or over exposed to risks. Without identifying actions to manage risks, risk management becomes a theoretical exercise and does not provide any business benefits. In this course, attendees will be introduced to commonly used assessment methods which can facilitate increased understanding of risks and identify appropriate management actions to manage risks.Areas Covered in the Webinar:
- Understanding risks, uncertainties, risk sources and consequences of risks
- Identification of risks by understanding internal and external context
- Performing inherent risk analysis without considering controls
- Performing risk analysis of existing controls
- Performing residual risk analysis after considering existing controls
- Analysing likelihood and consequences to derive level of risk exposure
- Adopting different analysis methods for different types of risks
- Analysing risks across different time, place and location
- Conducting risk evaluation by comparing risk analysis outcomes with risk appetite, risk criteria and risk tolerance
- Stakeholders involved in risk assessment process
Who Will Benefit:
- Operational Risk Manager
- Operational Risk Director
- Internal Auditor
- Chief Audit Officer
- Risk Assurance Consultant
- Risk Consultant and Risk Analyst (Junior, Senior, Principal)
- Risk Manager
- Chief Risk Officer
- Director of Risk and Internal Controls
Course Provider
Manoj Kulwal,
