A risk register, also known as a risk log, serves as a central repository for the organization's risk information. This training program will discuss its key function, i.e., to provide management, the board, and key stakeholders with significant information on the main risks faced by the organization. The program will also delve into designing and using your own ‘fit-for-purpose’ risk register.
Why Should You Attend:
A risk register as part of the overall risk management program will help management:- Understand the risks the organization faces and its inherent exposure to those risks
- Identify the organization’s risk appetite to each risk exposure
- Recognize its ability to control and reduce the residual risk to be within the established risk appetite
- Report the status of risks and associated controls at any point in time
- Report the status of control issues and action plans
- Have in place risk event 'early warning' parameters, scenario analysis results and loss event data
- The risk register will help the organization record the following risk management information:
- Description of risk and inherent risk assessment, based on likelihood and severity
- Approved risk appetite levels
- Existing controls and other mitigating strategies, as well as an evaluation of their effectiveness
- Residual risk
- Control issues and action plans developed to address them
Areas Covered in the Webinar:
- Design and use your own ‘fit-for-purpose’ risk register
- Collate risk and control information from multiple sources into a central risk register
- Make proper use of tools such as ‘bowties’ and ‘risk matrix’ to support your register
- Keep your register live and ensure it is the ‘go-to’ dashboard for status reports
- Make sure your register prompts action
Who Will Benefit:
- Risk Officers
- Compliance Officers
- Internal and External Auditors
- Financial Controllers
- Operations Managers
- Treasurers
- Board Members
- Business Managers
- Investment Managers
Course Provider
Mario Mosse,
