Risk Management & Internal Control in Changing Times
Radisson Hotel Trinidad,
23rd – 24th November 2023
“Very relevant and useful in today’s fast changing world!”
Overview
The global pandemic and increasing environmental issues have highlighted the need for robust risk identification and management. Worldwide regulators and investors are demanding that organisations identify and manage their ESG responsibilities.
Whether it be planning for strategic shocks such as changing trade relationships and regional regulators imposing new compliance requirements, or local initiatives to respond to data protection or the day-to-day management of operational risks, today organizations need be proactive in identifying the risks they face and respond to them appropriately.
Across all sectors, private, public and others, organizations are putting in place enterprise risk management frameworks to derive benefits from a more systematic approach and respond to these challenges. In all cases, the risk culture needs to be supported with an effective control framework and a strong internal audit team is essential to the success.
This course addresses the interlocking areas of enterprise risk management, mitigation and internal control drawing upon international Standards and best practices. It examines, contrasts and compares risk management approaches as formulated by COSO and ISO 31000. We will discuss the identification and management of strategic risk, maximising benefits from the ESG agenda and integration of risk management with internal control.
Topics covered include the COSO ERM Framework and ISO 31000; why use enterprise risk management; approaches to enterprise risk management; identifying and managing strategic risk; developments in ESG reporting and management; creating a risk management function; risk assessment and evaluation of internal controls design and testing their operating effectiveness.
The course will review the authoritative guidance and look at its practical application. We will draw on real life case studies and participants’ experiences to examine and discuss the issues and show how to apply the guidance.
Course Benefits
Upon completion of this course, you will improve your knowledge and practical application of:
- The COSO ERM framework and ISO 31000
- The use of the COSO ERM framework and ISO 31000 in supporting a structured approach to risk management
- The benefits of a coordinated, systematic approach to risk management
- Identification of and responding to strategic risks
- Managing Environmental, Social and Governance risks
- Identifying and controlling operational risks
- How risk management should be devolved through the organization
- Why risk management is so difficult to embed successfully
- How to structure the relationship between operational risk managers, the risk management function and the organisation as whole
Training Methodology
The course will be delivered in a classroom setting over two full days. We aim to maximise your learning experience by making best use of the live classroom environment and encouraging you to interact with your instructor and colleagues and using a variety of methods including:
- Facilitated group discussions
- Case studies to illustrate key issues worked individually or in small teams
- Polls and quizzes
We will keep presentations short and provide a workbook containing case studies, guidance material and summaries of key learning points.
Ably facilitated by
Alan Mayo
Consultant & Former Director, Maltway Ltd, UK
- FCA Chartered accountant from the UK
- Member of the Institute of Internal Auditors
- Thirty years’ successful professional experience in risk management, internal control, audit, accounting, financial reporting and performance management
- Worked as external auditor at PwC London and Paris for 10 years
- Co-founded the client training business of PwC London
- Has worked on a wide range of financial and performance training projects including risk management and control
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
Program Daily Schedule
08:10 Registration & Tea
08:30 Morning Session Begins
10:10-10:30 Refreshments & Networking
12:00 Lunch
13:15 Afternoon Session Begins
14:40-15:00 Refreshments & Networking
16:30 Finish of Day/Course
Pre-course Questionnaire
A pre-course questionnaire will be sent to you some days before the course through which you can raise your specific areas of interest. The course facilitator will review and analyze these in advance and address them during the course, seeking to satisfy your learning needs.
Workshop Outline (2 full-day)
Day One
Introduction
- Participant introductions and course overview
- Defining risk management
Risk management
- Organisation of and reporting lines for risk management
- Setting an appropriate risk governance framework
- Applicability of private sector enterprise risk management models to the public and not-for-profit sectors
Case study: Review of risk policy
Risk management frameworks and guidance
- COSO ERM framework updated 2017
- ISO 31000: 2018
Specific guidance accompanying the frameworks
Case study: Establishing a tailored risk management framework
Strategic risk assessment and response
- Responsibility for strategic risk identification and management
- Identifying, analysing and evaluating strategic risks
- Establishing and reinforcing the control environment
- Responding to strategic risks
Case study: Identifying assessing and mitigating strategic risks in your business
Responding to Environment, Social and Corporate Governance (ESG) pressures
- Update on investor and regulatory pressures
- Identifying ESG risk and opportunities
- Controlling ESG risks
Case study: Deriving the benefits from ESG risk management
Day Two
Operational risk management
- Responsibility for operational risk identification and management
- Identifying operational risks
- Risk treatment and internal controls
- How to mitigate risks
- Benefits optimisation
- Types of internal control
- Matching risk with controls
- Use of risk registers
- Getting risk to acceptable level
Case study: Identifying operational risks and developing mitigating responses
Operationalizing risk management and controls
- Integrating top down and bottom-up risk management activities
- Coordinating the activities of functions with risk management responsibilities
- Drilling risk management into the organization
- Risk management challenges
- Structure of the risk management team
- Managing the risk management process
Case study: Embedding risk management through the organisation
Conclusions
Review and wrap-up of the course
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
About Your Expert Trainer
Alan Mayo
Consultant & Former Director, Maltway Ltd, UK
Alan Mayo FCA is a chartered accountant from the UK with over 30 years’ professional experience, including external audit, risk management and internal controls. Alan began his career with PwC where he spent 10 years consulting and managing external audits in the private sector.
After that he spent a further 10 years as a consultant with PwC leading training programs supporting major systems and process change, predominantly in the public sector.
On leaving PwC Alan formed his own training business which he has been running for the past 20 years. During this time, he has worked on a wide range of financial training projects within the private, public and not-for-profit sectors.
Alan has conducted training courses worldwide covering aspects of risk management, internal control, operational and financial control, countering risk of fraud, financial reporting and audit for numerous organizations including Shell, BP, Caterpillar, Deutsche Bank and Government Agencies such as London Boroughs of Lambeth, Ealing and Brent, etc.
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
This course is most beneficial (not limited) to:
- Managers with responsibility for managing or setting up risk management functions in private, public and not-for-profit sectors
- Managers responsible for managing risk within their teams
- Risk managers operating in the private, public and not-for-profit sectors
- Internal auditors operating in the private, public and not-for-profit sectors
- Internal Auditors and risk managers requiring a refresher or upgrade course
- Those returning to working in risk management or internal audit
- Personnel who need a better understanding on risk management
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
“Very relevant and useful in today’s fast-changing world!”
Testimonials
“Clear linkage between risk management and control”
“Thought provoking & helpful”
“Alan’s training is a big help in identifying the issues to focus on for the coming year”
“Good discussions & real-life examples”
Training Methodology
The course will be delivered in a classroom setting over two full days. We aim to maximise your learning experience by making best use of the live classroom environment and encouraging you to interact with your instructor and colleagues and using a variety of methods including:
- Facilitated group discussions
- Case studies to illustrate key issues worked individually or in small teams
- Polls and quizzes
We will keep presentations short and provide a workbook containing case studies, guidance material and summaries of key learning points.
Course Benefits
Upon completion of this course, you will improve your knowledge and practical application of:
- The COSO ERM framework and ISO 31000
- The use of the COSO ERM framework and ISO 31000 in supporting a structured approach to risk management
- The benefits of a coordinated, systematic approach to risk management
- Identification of and responding to strategic risks
- Managing Environmental, Social and Governance risks
- Identifying and controlling operational risks
- How risk management should be devolved through the organization
- Why risk management is so difficult to embed
- How to structure the relationship between operational risk managers, the risk management function and the organisation as whole
Certificate of Attendance
On successful completion of this course, you will also receive a Certificate of Attendance bearing the signatures from both the Trainer and the Organizer. This Certificate will testify your endeavour and serve towards your professional advancement.
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
In Partnership With
Knowledge Partner
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Latin America, the Middle East, Asia, and Africa.
OBG offers comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
OBG’s acclaimed economic and business reports are the leading source of local and regional intelligence, while OBG’s online economic briefings provide up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.
Event Endorser
MCLI was established in 2004 by infrastructure investors, users and service providers on the Maputo Corridor to address constraints hindering freight movement and to market the viability of the corridor for regional trade. Its partnership of public and private sector members and proactive role has resulted in visibility, credibility and acknowledgement as a model corridor management institution.
Resulting from investment in key infrastructure, the corridor has been a powerful instrument of regional and economic integration; with over $5billion invested in the region since its inception, resultant capital flow has provided sustained economic growth on the corridor in recent years.
Inherent to MCLI’s success is its leveraging of relationships at the highest level to pursue its vision of a cost effective, reliable logistics route. www.mcli.co.za
Media Partners
CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users which have experienced products and services first-hand and have an interest in letting other potential buyers their thoughts on their experience. CrowdReviews.com is driven by an algorithm allowing for both customers and providers of products and services to understand how the rankings are determined. The service can be used by potential buyers to learn more about their vendors prior to making a purchasing decision
Voicesofleaders is a global business network for top executives and companies to Meet, Share and Grow.
We empower entrepreneurs, sme’s and large businesses to succeed by providing customized business profiles by building brand reputation, boosting business potential while increasing business networking among members of VL leaders network.
The customized Business profiles allow you to: Meet top executives across a wide variety of industries, sectors and countries. Share, your business needs among members looking for specific business opportunities Grow your business network at a local and international level while increasing the possibility of creating synergies, finding partners and investors.
Proudly African is an initiative of Global Village Africa which is a marketing and business platform geared towards showcasing and harmonising Africa’s development, trade and cultural diversity to a global audience.
This is where the BEST OF AFRICA in business, government and non-profit organisations unite, promoting their vision and best practice in order to find the right customers, partnerships and joint ventures – in order to grow alongside the continent’s indisputable economic potential.
The initiative has an unstoppable magnetic presence with its ever growing country and sectoral window already in over 20 African states. We invite all leaders in business and government across Africa to showcase and integrate their visions and activities so as to promote inter-Africa trade, investment and technology transfer from around the globe
The www.gvpedia.com site was launched in 2008 so the success stories from the Best of the World print publications could all feature on an online platform. We have more than 5000 pages live and growing fast. In July 2009 we launched a partnership programme and an eBook library to GVPedia which has opened up the scope for new publishing partnerships beyond the ‘Best of Series’ with complementary books and magazines that focus on travel and business from around the world.
The Partnerships Bulletin, PPP Bulletin and P3 Bulletin are a series of magazines and websites providing in-depth updates on partnership working between the public and private sector to procure, build and manage public infrastructure.
Each hard-copy edition of P3 Bulletin (Americas) and Partnerships Bulletin (UK) includes news, interviews with the top industry figures, in-depth market reports on partnership sectors and industry authored articles covering transport, waste, education, healthcare, housing, courts and leisure. Plus, the magazine includes a Business Leads section – giving you information about projects before they are even advertised.
Subscription to all three websites also gives you unlimited access to constantly updated news stories, features and searchable Project Tracker.
The websites and magazines are essential reading for industry professionals to help them make informed decisions and remain at the cutting edge of partnerships and infrastructure business information.
Africa Investor (Ai) is a specialist investment communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Ai40 Investors’ Index, hosts the Ai Institutional Investment Summit & Awards, Ai Investment Climate Summit and Investments and Business Leader Awards and the Ai Infrastructure Investment Summit & Awards, among other events.
Animus provides an overview of Sustainability activities in Africa and the direction that has been taken by most companies. The magazine uses the CSR analysis approach to validate the sustainability of various projects underway at any stage of implementation. We provide the much needed platform for sharing best practice with a growing sustainability network. www.animus-csr.com
Africa Monitor is internationally recognised as providing essential information for anyone doing business in, or with Africa. The publication provides subscribers with systematic political risk assessment, economic forecasts and business analysis for every country across the region.
Published by Business Monitor International, the emerging market specialists, Africa Monitor is broken down into four sub regional publications, of which any combination can be subscribed to. The Middle East and Africa Monitor website http://www.meamonitor.com/ includes ALL the content from the publications, a 24-month archive, and gives the added flexibility of exploring that content by country, topic or keyword.
Our publications are subscribed to by over 50% of the Global Fortune 500 companies. Why not take the time to find out why? Click here to visit http://www.meamonitor.com/ for a FREE trial, or call Tel: +44 (0) 20 7246 1403.
Live Trading News is constantly updated to bring you top market news from around the world. It is produced by dedicated staff in Hong Kong working with colleagues in Asia and the United States. We also handpick articles from the world’s top market blogs, money managers, financial experts and investment newsletters.
Live Trading news gives voice to our readers, providing access to the most savvy and experienced investors.
Our site is a free, online source for stock quotes and research. Live Trading News differs from other finance sites because we focus on what, when, and how. What to buy, when to buy it and how to trade it. We deliver opinion and analysis rather than just all news, written exclusively by other investors and traders who describe their personal approach to stock selection and portfolio management, rather than by journalists. Live Trading News features the latest multimedia technologies from online digital magazines to searchable archives of news features and background information.
Clocate.com is a leading search engine and directory for worldwide conferences and exhibitions.
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
The course will be held at Radisson Hotel Trinidad. The course fee does not include accommodation or travel costs. It is recommended to book the hotel rooms early as there are only limited rooms available at discounted rate. Kindly contact the following for reservation:
Radisson Hotel Trinidad
Wrightson Road, Port of Spain, Trinidad
Tel: +1 (868) 235-3366 ext 6801
Email: salesdirector@rposthotel.com
Please quote “Neoedge Training” when reserving a room for your stay at the hotel.
For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6980 8567
You are suggested to send registration or enquiries to us via hayat@neo-edge.com directly, which can enable us to respond faster than filling in the below Form.