Risk Management for Line 1

In this course, David Tattam, Chief Research and Content Officer at Protecht, covers essential risk management concepts and provides practical training on how Line 1 can excel in their role and contribute to effective risk management.

Course Launch:
On-Demand

Course Access: 90 days from date of purchase

Time:
4 Hours

About This Course

Course Description

In this course, you'll learn:

1. Defining your role as Line 1

An overview of the 3 Lines model

Introduction to risk and objectives

Introduction to roles and responsibilities

Everyone as a risk manager

Risk and control ownership

2. Why do we need risk management?

Perceptions of risk and risk management

Definitions of risks

The main types of risks

Risk management as an enabler

3. Objectives of risk management

Protection

Pursue opportunities

Make better decisions

A practical example

What’s in it for you?

4. Understanding risk

Components of risks

Introduction to risk bow ties

5. Understanding controls

Definition of controls

Types of controls

How controls modify risk

6. How to manage risks

Informal risk management

Formal risk management

Key risk processes:

Risk and control self-assessment

Risk metrics

Incident Management

Risk Treatment

Controls Assurance

Compliance Management

The definition of risk and objectives

Introduction to roles and responsibilities

Everyone as a risk manager

Risk and control ownership

7. When do we manage risks?

Effect of risk velocity on risk management cadence

Integrating risk into day-to-day activities

Essential Line 1 Skills & Behaviours

Key Skills of Line 1

Desirable risk behaviours

Course Expectations:

Watch 23 videos

Answer 5 knowledge questions

1 x Interactive example

Answer 10 quiz questions

Watch 27 videos

Timings:

3 hours of video content

3.5-4 hours for the whole course

About Our Experts

David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Continued Risk Learning Credits: 4

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

Registration

Membership Type Price

Members $239

Non-members $299

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About This Course

Course Description In this course, you'll learn: 1. Defining your role as Line 1 An overview of the 3 Lines model Introduction to risk and objectives Introduction to roles and responsibilities Everyone as a risk manager Risk and control ownership 2. Why do we need risk management? Perceptions of risk and risk management Definitions of risks The main types of risks Risk management as an enabler 3. Objectives of risk management Protection Pursue opportunities Make better decisions A practical example What’s in it for you? 4. Understanding risk Components of risks Introduction to risk bow ties 5. Understanding controls Definition of controls Types of controls How controls modify risk 6. How to manage risks Informal risk management Formal risk management Key risk processes: Risk and control self-assessment Risk metrics Incident Management Risk Treatment Controls Assurance Compliance Management The definition of risk and objectives Introduction to roles and responsibilities Everyone as a risk manager Risk and control ownership 7. When do we manage risks? Effect of risk velocity on risk management cadence Integrating risk into day-to-day activities Essential Line 1 Skills & Behaviours Key Skills of Line 1 Desirable risk behaviours Course Expectations: Watch 23 videos Answer 5 knowledge questions 1 x Interactive example Answer 10 quiz questions Watch 27 videos Timings: 3 hours of video content 3.5-4 hours for the whole course

About Our Experts



David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers. Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.