Training

Risk management

Duration:2 daysProvider:Venue:AEB office, Moscow, Krasnoproletarskaya ul. 16 bld. 3, entrance 8 (4th floor), nearest metro station - NovoslobodskayaLanguage:Russian

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

Training objectives

  • Determine advantages of systematic approach to risk management
  • Enhance understanding of various types of risks and approaches to risk management
  • Develop practical skills through analysis of real business situations (formulation of objectives, identification of risks, risk and response to risks)
  • Determine how these skills could be applied in day-to-day operations

Training program:

Advanced concept of risk management (COSO, 2004)

  • Advantages of systematic approach to risk management
  • Risk management as an element of a system of  corporate governance
  • Concept of risk
  • Risk management system components

Risk management system component – internal environment

  • Creation of efficient internal environment
  • Allocation of responsibilities within the system of risk management
  • Regulation of risk management process

Risk management system component – setting objectives

  • Categories of objectives, their interrelation (mission, strategic objectives, strategies, operational objectives)
  • Risk appetite, risk tolerance

Risk management system component – identification of risks:

  • Options of risks classification
  • Risk drivers (internal and external), risk indicators
  • Methods of risk and risk drivers identification
  • Risk management component – risk assessment
  • Risk ranking
  • Risk map (matrix) development

Risk management system components - response to risks

  • Control procedures
  • Information and communications

Risk management system component – monitoring

  • Current and periodic monitoring
  • The role of internal audit service in risk management

Overview and analysis of operating business processes from prospective of risk management 

Practice:

In the course of the training sessions, trainees will perform practical exercises aimed to risk identification, risk ranking with application of risk map, development of actions to respond to risks (based on real business processes)

Certificate

All participants will receive a certificate of attendance. 

In case of questions or concerns, please, contact:

Alla Hovhannissyan, AEB Training Programs Manager: ah@aebrus.ru

Tel: +7 (495) 234 27 64 (ext. 114)