Risk Management for Boards

In this course, David Tattam, Chief Research and Content Officer at Protecht, provides directors and board members the knowledge and skills to both work with and provide challenge to executive management on the effectiveness of risk frameworks, processes and culture within their organization.

Register Now

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. Who is responsible for risk management?

Everyone as a risk manager

Corporate Governance Guidance

The 3 Lines Model Roles across the Organization

Roles and Responsibilities of the Board

2. The value of risk management

Risk perceptions

Redefining risk management as outcome management

Benefits of risk management to the Board

3. Understanding risks

Components of risk

The importance of a consistent approach

Applying risk taxonomies at Board level

4. Understanding controls

Board accountability for the internal control framework

How controls modify risk

5. Risk management frameworks

Informal and formal risk management

The ISO 31000 risk management process

The Risk and Reward pyramid

6. Board risk management processes

Assurance over the EnterpriseRisk Management Framework

Assurance over the Internal ControlFramework

Link to organizational risk processes

7. Board risk appetite

Definition of risk appetite

Benefits of risk appetite

Developing the Risk Appetite Statement

Setting appetite for outcomes and risks

Risk and control ownership

8. Organizational risk management processe

Risk and control self-assessment

Risk metrics

Incident management

Controls assurance

Issues and actions

Compliance

Risk in change

9. Risk reporting

Purpose of board risk reporting

Data structure

Types of risk reports

10. Cadence of risk management

The dynamism of risk

Alignment with Board meetings

Alignment with strategy and change

11. Risk culture and behaviours

Importance of risk culture

Measuring culture

Essential skills and actions of the Board

Course Expectations:

Watch 18 videos

Answer 5 knowledge questions

Answer 10 quiz questions

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

If this is your first time accessing the PRMIA website you will need to create a short user profile to register. Save on registration by becoming a member.

Register Now

About This Course

Course Description In this course, you'll learn: 1. Who is responsible for risk management? Everyone as a risk manager Corporate Governance Guidance The 3 Lines Model Roles across the Organization Roles and Responsibilities of the Board 2. The value of risk management Risk perceptions Redefining risk management as outcome management Benefits of risk management to the Board 3. Understanding risks Components of risk The importance of a consistent approach Applying risk taxonomies at Board level 4. Understanding controls Board accountability for the internal control framework How controls modify risk 5. Risk management frameworks Informal and formal risk management The ISO 31000 risk management process The Risk and Reward pyramid 6. Board risk management processes Assurance over the EnterpriseRisk Management Framework Assurance over the Internal ControlFramework Link to organizational risk processes 7. Board risk appetite Definition of risk appetite Benefits of risk appetite Developing the Risk Appetite Statement Setting appetite for outcomes and risks Risk and control ownership 8. Organizational risk management processe Risk and control self-assessment Risk metrics Incident management Controls assurance Issues and actions Compliance Risk in change 9. Risk reporting Purpose of board risk reporting Data structure Types of risk reports 10. Cadence of risk management The dynamism of risk Alignment with Board meetings Alignment with strategy and change 11. Risk culture and behaviours Importance of risk culture Measuring culture Essential skills and actions of the Board Course Expectations: Watch 18 videos Answer 5 knowledge questions Answer 10 quiz questions 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.