Organisational risk management

Identifying, communicating and managing the consequences of organisational risk

New for 2012

CEOs, CFOs, managing directors, general managers, finance managers, management accountants and other finance professionals, business development managers, business planning managers, sales and marketing managers, business unit managers, audit and risk managers, engineering and HR managers.

• A thorough understanding of the concepts of risks - good and bad!
• Strategic management tools and techniques for analysing and evaluating organisational risks.
• Methods for quantifying financial risks: regression analysis; value at risk; scenario analysis.
• Tools and techniques to mitigate risks: market risk tools; credit risk tools; tools for managing financing, cash flow and liquidity.
• The details of investment and capital expenditure risks.
• Appreciation of how to develop an enterprise risk management (ERM) framework.
• An understanding of the roles and responsibilities across the organisation for managing risks.

Aubrey Joachim, FCMA, CGMA, MBA, CIMA president 2009-10

Aubrey's 30 years' professional experience includes senior finance positions with leading UK and US multinational corporations and a major Australian public sector utility organisation. He is now a management trainer and public speaker in international demand across New Zealand, Australia, South East Asia, the Middle East, Africa and Europe.

His areas of expertise and interest include strategic management accounting, financial management, organisational strategy, risk management, finance transformation, business analytics, governance and change management.

In his role as a CIMA ambassador Aubrey runs finance transformation presentations for the world's leading organisations such as Ford, IBM, Barclays Bank, Rolls Royce, Unilever, Shell, Infosys, WNS, Swire, Coca-Cola and Time Warner.

What is risk? And what is risk management?

• Identifying and defining what is meant by risk.
• Identifying the internal and external risks - SWOT.
• Sophisticated risk identification using PESTEL.
• Classification of risks.
• Categorising and ranking organisational risks.
• Analytics - the next generation of risk management.
• Discussion and learning experience.

Strategic risks - the biggest challenge to organisations!

• What are strategic risks and how to identify them.
• Risks in identifying markets.
• Supply chain risks.
• Investment risks.
• Strategic planning in the context of risk.
• Budgeting in a risk environment.
• Discussion of case studies of strategic failure.

Financial risks

• The extent of financial risks in organisations - risk / return consequences.
• Risks in costing and cost allocations.
• P&L risk exposures - identifying operating risks.
• Balance sheet risks - assets, liabilities and working capital.
• Ratio analysis - understanding the reasons and how to mitigate them.
• Relationship of risk and return.
• Risks in capital investment decisions.
• Identifying financial risks and tools for different categories of financial risk.
• Quantifying financial risks - some tools and techniques.
• Discussion - a glossary of financial risks.

Risk management frameworks

• The risk management cycle.
• Enterprise risk management frameworks and processes.
• Identifying risks for improved performance.
• Risk management payoff models.
• Performance management of risks to operations.
• Calculating the costs of risks.
• Internal and external risk reporting.
• Discussion and learning experience.

The course starts at 9.30am, with registration and coffee from 9.00am, and ends at 5.00pm. Lunch and refreshments are provided.

6 CPD hours (where applicable)