Business Risk Management
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COURSE OBJECTIVES: This programme is designed to introduce participants to the principles of risk in a non-mathematical and practical manner. It covers both the identification and management of risk. The concepts of embedded monitors and early warning indicators will be introduced and how they fit into the overall risk management process.


BACKGROUND: The management of business risk has become of great importance due to the impact of regulatory compliance across the world. The London Stock Exchange requires compliance with the principles defined in the Turnbull report whilst American companies must comply with Sarbanes-Oxley. The British Government requires all of its departments to practice risk management and imposes the same requirement on local government, the NHS and housing associations. Even unlisted and not for profit organisations such as charities can benefit from an understanding of risk management. Not all companies will face the same risks, but an understanding of the nature of risk and how risks can be identified and categorised will be useful to any organisation.


COURSE CONTENT


The Nature of Risk


  • Background

  • Probability

  • Consequence

  • Time scales

  • Risk and business objectives

  • Roles and responsibilities


Risk Identification


  • Why categorise?

  • Types of risk - operational, compliance, safety, security, environmental

  • Different risks, different scales?

  • Roles and responsibilities


Managing Risk


  • Inherent risk

  • Residual risk

  • Retained risk

  • Decision process

  • Mitigating actions

  • Embedded monitors

  • Early warning indicators

  • Roles and responsibilities


Reporting on Risk


  • Data collection

  • Formatting

  • Frequency

  • Self certification

  • Objective assurance

  • Roles and responsibilities


WHO SHOULD ATTEND


The programme will be of benefit to anyone involved in compliance operations and to those involved in general business risk management.


"The speaker made a complex subject both interesting and relatively easy to understand. Highly recommended."


"Thoroughly enjoyed the day. The speaker was a very good presenter. It has improved my knowledge/understanding of risk and its effect on business."


Would you like this course run in-house? Call us on 0207 566 8207 to find out more


John Mitchell is Managing Director of LHS Business Control which he set up in 1989 to specialise in the corporate governance area. He is an experienced trainer and has been involved in internal audit for more than twenty years having previously been deputy chief internal auditor at British Telecom and computer audit manager at British Gas. John is a recognised authority on computer systems, corporate governance and risk management. He has been a proponent of control self assessment for many years and has experience of quality related initiatives and anti-crime work. He has been an expert witness in a number of computer related fraud cases. His doctorate from City University, London, was awarded for research into the use of risk management techniques for strategic planning purposes. He has previously held editorial positions for a number of IT related magazines. He is also a Certified Fraud Examiner (CFE) and a regular IT expert witness within the English legal system.

Fees (ex VAT)


Member Fee
£315.00

Non Member Fee £395.00
Locations & Dates
12/06/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
04/12/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>