Risk Management, Compliance & Internal Audit

Risk, Compliance & Internal Audit Training

Nigeria’s business environment is evolving. Corporate risk nature changes in microseconds, so there should be no lapses in control and compliance to safeguard assets.

Evaluating the range of available risk management techniques and choosing the most appropriate action in each case are increasingly significant elements of managerial responsibility in today’s business environment.

Businesses cannot eliminate risk. The corporate challenge is to identify the right risk to take and to minimise its potential negative impact. The training course will show you how to analyse and minimise risk; turn risk into opportunity; and manage uncertainty.

At the end of this course, participants will be able to:

• Understand risk management and its application within an organisation
• Identify, evaluate and control risk in strategy and operations of your organisation
• Design and implement an effective risk management process
• Ensure that your organisation can meet the rising standards of corporate governance
• Communicate the characteristics of effective risk management to your teams

TRAINING AGENDA:

Understanding Risk Management

• Creating a robust Risk Management Strategy
• Understanding strategic and operational risk
• Evolving Risk and uncertainty in Nigerian environment
• Risk aversion and risk tolerance – selection and prioristisation
• The concept of the risk management cycle and how this works

Identifying and Evaluating Risk

• The principal drivers of risk in business
• Assessing most significant categories of risk for business
• Global processes, guidelines and standards in risk assessment
• The relevance of ISO and the professional institutions
• Application of the main tools and techniques in managing risk and uncertainty
• Optimising a risk management process

Understanding and Managing Specific Types of Risk

• Strategic risk – deciding on the programme/project mix
• Incorporating risk analysis into business development decisions
• Contingency planning and understanding risk exposure
• Operational risk – coping with variance and divergence from plan
• Managing complexity in contemporary business structures
• Managing risk associated with alliances and joint ventures

Understanding and Managing Specific Types of Risk

• Financial risk – capital market dynamics, exchange rate exposure
• Risks associated with different forms of corporate capital structure
• Risks associated with management of cash flow/credit
• Legal risk – the requirements of corporate governance
• Risks associated with intellectual property law
• Product liability/litigation/reputational risk

Embedding Risk Management into the Corporate Culture

• Latest developments in the field of risk management
• A structured approach to implementing risk management
• Designing/developing a risk management process for your own organisation
• Implementing and embedding a risk management culture in your organisation

Reg. Fees: N250,000

 

For further inquiries, please call:

Ogochi: 07031323233, Olu: 08052076440, Julius: 08029036229, Gbenga: 08076677706, Precious: 08076677707