The Risk Management Lifecycle and framework easily explained

All what you need to know about the Risk Management Framework and how to build a robust framework for your organization

Created by: Eslam Eldakrory
Enterprise Risk and Business Continuity Mgmt. Professional

What Will I Learn?

• Understanding key terms and definitions: including Risk Taxonomy, Risk Appetite, Risk/Reward, Risk Tolerance and many other terms essential in your risk vocab.
• Understanding the key types of risk including: Credit risk, Market risk, operational risk, liquidity risk and Reputational risk
• Understanding what is an Enterprise Risk Management Framework and how it should look like in your organization
• Deep dive in what an effective Risk Management Program should include key practices and how to effectively establish those practices in your organization
• Understanding the key components of a robust Enterprise Risk Management Framework
• Understanding what a Risk Culture means and how that supports the effectiveness of an ERM model
• Understanding how a robust risk culture should look like to nurture an effective risk practices in the organization
• Breakdown the Risk management process from: Risk Identification, Risk Evaluation and Assessment, Risk Response, Risk Monitoring and Reporting
• understanding how to assess risks using the Probability (frequency) and Impact matrix
• Understanding how to monitor risk and the key tools and templates you can use for that
• Gain in-depth understanding of how to assess the effectiveness of existing controls and how to design effective ones (detective, preventive & reactive controls)
• Gain in-depth understanding of the operational risk framework and how to apply that to your organization
• Understanding what controls are and their role in reducing risk rating

Requirements

• No prerequisites needed for this. Both entry level or expert level are welcomed.

Target audience

• Young professionals looking to join the Operational Risk field
• Senior professionals looking to join the Enterprise and Operational Risk field
• Operational Risk officers at any level in their career
• Risk professionals looking to take the next step in their career path
• Enterprise Risk Management tutors, mentors and educators looking to expand their knowledge
• Professionals looking to join the Risk consulting and advisory field