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Virtual Training Courses

Overview

With the recent global pandemic causing disruptions and uncertainty surrounding face-to-face training delivery, the IRM has been able to offer training courses online.

The IRM has been able to restructure some of the courses and introduce new courses during these trying times, as part of our efforts to successfully train future risk practitioners. 

Virtual Courses Include:

Fundamentals of Risk Management (FoRM)

Our flagship, FoRM training is now available live and online. FoRM is one of our most popular and practical courses that teaches you about Enterprise Risk Management (ERM) from a broad perspective. You will cover the entire process of a risk management framework, start-to-finish.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
24-25 August 2020 2 Days 6 Hours Online £600* £700* Book now »
14-15 September 2020 2 Days 6 Hours Online £600* £700* Book now »
5-6 October 2020 2 Days  6 Hours Online £600* £700* Book now »
26-27 October 2020 2 Days 6 Hours Online £600* £700* Book now »

Choosing and Using Key Risk Indicators

Key Risk Indicators (KRIs) help organisations prevent risks and exploit the opportunities they offer. This one day course will guide you through the use of KRIs, showing you how they can be used as a powerful management tool to improve risk awareness and the execution of business objectives.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
7 October 2020 1 Day 4 Hours Online £320*  £390* Book now »

Risk Reporting

Timely, accurate and informative risk reporting forms the backbone of any risk management framework. This 4 hour online course will explore a range of risk reporting techniques, covering issues like the design of risk monitoring reports to the use of IT systems for reporting, including the exploitation of big data solutions.

During the course you will have the opportunity to reflect on the performance of your current risk reporting approach (if you have one) and learn from the experiences of others. There are no right answers, but continuous improvement is key. Risk reporting is meaningless if it does not add value to an organisation, helping management to make better risk management decisions and learn from previous mistakes.

Learn about:

  • The strengths and limitations of common risk reporting tools such as risk registers, risk matrices and risk indicators.
  • Managing your risk reports effectively, including: producing reports for different audiences; potential problems with collecting data; designing a report effectively; and using risk reporting systems.
  • How to use risk reporting to support effective risk governance.
  • State of the art developments in risk reporting, such as data mining and data visualisation.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
7 September 2020 1 Day 4 Hours Online £320*  £390* Book now »

Risk Culture

This four hour course will explain the concept of risk culture, and how to assess and control it effectively to strengthen your risk management framework. Delivered through on-line plenary sessions, interactive workshops and case studies, you will have plenty of opportunities to discuss the practicalities of managing your organisation’s risk culture.

Learn About

  • How risk culture can affect risk taking and risk management in your organisation.
  • The perils and pitfalls of assessing and monitoring risk culture using tools like surveys and risk culture metrics.
  • Practical techniques that can be used to manage risk culture.
  • The experiences of other financial institutions using two real-world case studies.

Course Content

  1. Understanding the depths of risk culture
    1. What is risk culture? Artifacts, Beliefs and Underlying Assumptions
    2. Risk sub-cultures
    3. The relationship between risk culture and risk management (bank case study)
  2. Assessing and monitoring risk culture
    1. Designing and using risk culture surveys
    2. The perils and pitfalls of risk culture surveys: insurance case study
    3. Selecting risk culture metrics
  3. Controlling risk culture
    1. Tone from the top
    2. Training and education
    3. The role of the risk function
    4. The relationship between risk culture and the risk management process
    5. Return to bank case study
  4. Conclusion: your personal action plan for enhancing your organisation’s risk culture work
    1. Reflection exercise

Course Dates

Date Duration CPD  Location Members Non-members Book Now
17 September 2020 1 Day 4 Hours Online £320*  £390* Book now »

Risk Management for a Digital Future

This Risk Management for a Digital Future Virtual training course will cover one of the most pressing and critical areas of risk that executives in organisation’s worldwide currently face. Digital transition to a more sustainable business model. In a world that was already increasingly moving to a digital future and where disrupting technologies and competitors come at a much faster speed than ever before, the Covid-19 pandemic has provided a wake up call to organisations globally. 

The lockdown and social distancing measures have highlighted how vulnerable current business models can be. From customer trends changing, the increased use of technology by the public and the need to work around social distancing measures, organisation’s are developing new business strategies aimed at taking their business models into the future. For many organisations, there has also been a realisation that either they need to improve their workforce’s ability to work from home in the event of future disruptions and also to take advantage of all that working from home brings, from less reliance on expensive office space and being a more attractive workplace to a workforce who are now realising that working from home offers them a better work/life balance, right through to being a more resilient organisation. As a result, Digital Transformation Projects are being accelerated and new ones being developed. 

The course discusses the various technologies and how they can support a transition of business models in a post-covid world. It will also look at how risk management should play a part within any Digital Risk or Digital Transformation project ensuring organisation’s dont get left behind the competition and avoiding the pitfalls of choosing technology which can often be costly, require great resources or not meet customer demand or expectations. 

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 1 Day 4 Hours Online £320*  £390* Book now »

Embedding Risk Management

Truly embedding a risk framework in your organisation is even more difficult in the aftermath of COVID-19. Over two days (3 hours each day) we will show you how to use our most popular Risk Models to best embed your risk framework. The models cover:

  1. Turning organisation objectives into risk strategies
  2. Breaking down Qualitative risk appetite statements into Quantative appetite measures  
  3. Identification tools from both an organisations internal and external perspectives
  4. Assessment techniques that have widespread appeal at all levels of an organisation
  5. Designing effective
  6. Controls

At the end of the highly interactive course you will have a risk toolbox full of models to deal with most situations.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
16-17 September 2020 2 Days 6 Hours Online £600*  £700* Book now »

Practical Risk Appetite & Risk Tolerance

Over six hours in two 3-hour sessions you will learn more about the practical issues around embedding Risk Appetite in your organisation. We will delve into, among other things, the following:

  1. Terminology – Appetitive, Tolerance and Preference ( and the confusion caused by the words being used interchangeably)
  2. How Appetite links to organisational Objectives
  3. Roles & Responsibilities – Board, Management and Auditors
  4. Linking Appetite to Key Performance Indicators
  5. Qualitative and Quantative risk Appetite statements

The online course is very interactive and you will have the opportunity to discuss the Risk Appetite issues your own organisation is facing if you wish.

Course Dates

Date Duration CPD  Location Members Non-members Book Now
TBC 2 Days 6 Hours Online £600*  £700* Book now »

NEW: Managing Third Party and Supply Chain Risk Management

Extending business activities beyond organisational boundaries to create value for the organisation is not new.  However, the quantity and complexity of the relationships that now exist beyond organisational boundaries is increasing, as is regulatory and stakeholder scrutiny. While partnerships with third parties, including critical suppliers, can be beneficial to the organisation on so many levels, such alliances can expose the organisation to many unknowns, and those unknowns will undoubtedly increase the level of risk. The key, then, is properly managing the infrastructure, systems, staff and outside support to adequately manage that risk.

Course Dates

Date Duration CPD Location Members Non-members Book Now
12-13 August 2020 2 Days 10 Hours Online £600* £700* Book now »

Risk in the Boardroom

This course gives you a practical overview of what board members and stakeholders need to know about managing business risk and how it is a key element of good corporate governance. It demonstrates the importance of risk management as a regular, strategically-focused activity – and not merely a compliance-driven add-on.

Course Dates

Date Duration CPD Location Members Non-members Book Now
14 October 2020 1 Day 4 Hours Online £320* £390* Book now »

* The above prices exclude UK VAT at 20%. If applicable, this will automatically be added when you book on to the course.

 For all enquiries please contact the training team on +44 (0)20 7709 9808 or at training@theirm.org

 Join the training mailing list to be informed about future dates

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