Risk Management Oversight

Better understand the risk management process to strengthen your firm’s risk culture (and learn to demystify the jargon)

Course Overview

Effective risk management is key to running a successful business. The majority of business failures are not because firms took on too much risk, but rather they did not properly understand and control risk.

With so many aspects of risk management falling to the board to oversee and approve, it’s essential for members to understand how managing risk can affect company strategy and capital management.

This training workshop will cut through the risk management jargon and help you clearly understand your role in identifying, understanding and overseeing risk in your firm.

• Recognise what the FCA/PRA expect when managing business risks
• Explore how to define and monitor risk appetite
• Discover what information you need to effectively oversee risk
• Understand the expectations for resilience and recovery planning
• Learn how to delegate effectively to third parties
• Recognise how risk is embedded in your business and its culture

Better understand risk to make better decisions

Provide better oversight of your teams. Gaining a firmer grasp of risk management will help you ensure that the actions of senior managers are consistent with your firm’s corporate strategy, capital management and risk tolerance.

Outperform your competitors. You’ll take your firm beyond just keeping the regulator happy. Those senior teams that look at the big picture and effectively identify risks, challenge assumptions and build effective risk frameworks often gain a financial advantage over their competition.

Mitigate risk by getting better information. Learn when and how to challenge others in your firm to make sure you’re getting the information you need to make appropriate decisions (and become better at spotting when you’re not getting the true picture of events).

Focus on growing your firm. Fast track your knowledge and spend less time on the regulatory and compliance issues of risk management, allowing you to spend more time thinking about the steps you need to grow your business and secure its future.

Course Modules

• Risk governance structures
• Understanding risk appetites
• Understanding risk management information
• Planning for resilience and recovery
• Embedding risk management and awareness in your company culture