Workshops for internal risk and control assessments are crucial platforms for organisations as they provide a thorough grasp of possible risks and weaknesses while also strengthening internal controls for efficient risk reduction.
These organised workshops are intended to involve important parties, such as managers, executives, and operational personnel, in cooperative debates and evaluations of the risk environment facing the company.
Through the implementation of proactive risk management techniques, these workshops enable teams to recognise, assess, and rank risks that are unique to their areas of operation.
This enhances resilience and protects against unanticipated disruptions.
In-house risk and control assessment workshops are essential for improving organisational agility, increasing regulatory compliance, and cultivating a culture of continuous improvement and flexibility in the face of changing circumstances because they provide specific evaluations and actionable insights.
We organize workshops for a diverse range of functional areas including front office, back office and middle office workgroups.
Our workshops empower RCSA Coordinators to have a better, more holistic view of risks and controls allowing them to benchmark the same against industry best-practices.
COURSE OUTLINE :
1. Definition of Risk, Risk Management and Benefits for the Organization
2. The Risk Management Lifecycle
3. Roles and responsibilities of various stakeholders
4. Risk Identification, Assessment and Prioritization
5. Control Assessment
6. Risk Monitoring, Reporting and Treatment
7. Developing Mitigation Plans and Key Risk Indicators
8. Functional specific risks and controls
9. Developing and maintaining the risk register
10. Takeaways : Best Practice Inventory of Risks and Controls for specific functions
DURATION : Half Day
AUDIENCE : Risk Coordinators, One Downs, and Key Staff in-charge of functional areas
FUNCTIONS COVERED :
- Audit
- Card Services
- Cash Management
- Compliance
- Corporate Banking
- Correspondent Banking
- Customer Service
- Digital Banking
- Enterprise Risk
- Environmental, Social and Governance
- Financial Reporting
- Human Resources
- Information Security
- Information Technology
- International Banking
- Investment Bankin
- Investment Management
- Investor Relations
- Legal
- Marketing
- Operations
- Product Development
- Real Estate Finance
- Retail Banking
- Risk Management
- Small Business Banking
- Special Assets
- Strategic Planning
- Treasury
- Trust Services
- Wealth Management
DISCUSSIONS :
- Risk Policy and Procedures
- Risk Management Framework
- Role of Audit
- Role of Employees as Risk, Process and Control Owners
- Role of Unit Heads
- Role of Senior Management
- Role of the Board
- Importance of Incident Reporting
PAST TRAININGS CONDUCTED :