Operational Risk Management

 

CONTENTS

 

 1. CONTEXT OF RISK MANAGEMENT

·         Definition of risk management

·         Relationship between risk and the objectives of an organisation

·         Consequences of failing to deliver

·         Need for risk management and the potential costs in ignoring it

·         Significance of risk management to strategy

·         Corporate governance

·         Location within an organisation of the responsibility for risk management

 

2. INTRODUCTION TO THE RISK MANAGEMENT PROCESS

·         Process of risk management

·         Role of the risk manager

·         Global Risks

·         Identification of risks

 

3. RISK TECHNIQUES

·         Which risks lie where?

·         Shaping risk concepts for decisions

·         Safeguards

·         Business Impact Analysis

·         Credibility and quality testing

 

4. ASSESSMENT AND ANALYSIS OF RISK

·         Objectives

·         Statistical analysis

·         Killer risks

·         Risk analysis tools

·         Benchmarking

 

5. ASSESSMENT AND PRIORETISATION OF RISKS

·         Attitude to Risk

·         Risk and risk appetite

·         Rating risks

 

6. ASSESSMENT AND IMPLEMENTATION OF RISK CONTROLS

·         Risk Controls

·         Continuity or contingency planning

·         Recovery plans

·         Crisis management

 

7. MATERIAL AND WORKPLACE RISK CONTROL

·         Material risk control

·         Workplace risk control

 

8. RISK CONTROL 1

·         Legislation Risk

·         Product Risk

·         Political risk

·         Environmental risk

·         Third Party Liability Risk

·         Motor Risks

·         Contract Risk

 

9. RISK CONTROL 2

·         Technology Risks

·         Brand and Reputation

·         The Supply Chain

·         Evolution of Risk Control Options

·         Preparation and Implementation of Risk Control Plans

 

10. RISK FINANCING

·         True Cost of Risk Incidents

·         Corporate Risk Funding

·         Risk Financing Options

·         Risk Financing Plan

 

11. MONITORING AND REVIEW

·         Areas of Change

·         Dealing With Change

·         Matching Review Mechanisms to Individual Risks

·         Benchmarking