Establishing An Embedded Risk Management Process

• Why is risk such a hot topic?
• Surprises and risk
• Why financial risks are only the tip of the iceberg
• The widening of the risk portfolio
• The challenges- Basel, Governance, Non-Exec’s liabilities etc
• The standards – AUS/ NZ 4360, IRM/ALARM, COSO etc
• The need to link risk management with strategic planning
• New and emerging Risks- Reputation, Social, Environmental etc
• Getting your Chief Executives support
• Developing a risk strategy for your organisation
• Establishing the business case
• Selling the benefits to management
• Risk and competitive advantage
• Categories of Risk
• Risk workshops – the do’s & don’ts
• Risk Management frameworks
• Syndicate Exercise - based on an actual case

Integrating the output from risk workshops into the business process

• Risk Mitigation
• Linking corporate risks into the Strategic planning process
• Linking operational risks into business planning
• Risk owners – how to determine such personnel and enforce ownership
• Annual statements by risk owners
• Developing risk tracking
• Using the risk register as a decision skeleton
• Reports for Senior Management - several examples will be shared
• Exercise - risk workshop

REPUTATION AND HOW TO MANAGE IT

• Team Exercise - risk and reward
• The rise of reputation as the key risk
• The increasing importance of a positive image – the need to be admired
• Reputation – the value measure of the 21st century
• Where does reputation come from?
• How do you measure it?
• The explosion of regulation and external assurance
• The scrutiny dilemma (league tables etc) and the implications.
• The relationship between vision, values, behaviour and reputation
• Damage by association – partnering and alliances

RECORDING THE RISK ENVIRONMENT

• Risk registers – the need to coordinate and link the output
• Flagging interdependencies – if one risk treatment is changed the other party or parties impacted need to be notified.
• Risk treatment analysis – how to determine the cost/ benefits of dealing with exposures / exploiting opportunities
• Risk financing and how to introduce the disciplines
• Integrating incident management
• Business Continuity planning
• Integrating Health and Safety, Insurance and claims etc
• The use of Risk Management Software – pros and cons
• Exercise – Risk reporting success measures

CASCADING THE PROCESS

• Stakeholders interest in risk
• Workshops for other management levels
• How to measure the benefits
• Risk awareness for staff
• Exercise 5 Risk Training
• Sharing output with partners
• Evaluating risks within these relationships
• Risk indicators (KPI’s)
• Auditing the Risk Management programme
• How to Identify and reduce excessive controls
• Feeding key risks up the organisation
• Co-ordinating the whole process
• Useful web sites and reference books
• Managing stakeholder expectations
• How to use the programme to change the culture in a positive way