Certificate In Risk Management

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Certificate In Risk Management

2 – 5 June 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE

5 Key Business Benefits 1. Know the criteria for effective risk reporting 2. Understand how to implement the ISO 31000 risk framework 3. Know how to develop your corporations risk management strategy 4. Understand how to optimise your reputational value through specific risk management strategies 5. Understand how to choose and implement business continuity plans that will ensure corporate survival

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The George Washington University School of Business, IIR Middle East’s Academic Partner, is dedicated to excellence: in its teaching and research about management, in the public and private sectors, within the United States and internationally.

The school has a 75 year history of preparing men and women for leadership in both the public and private sectors. Known internationally for its dedication to academic excellence, the school draws students from all parts of the United States and around the world.

Beyond first class teaching and scholarship, the school’s faculty offers practical experience in the issues and challenges confronting business and government. Its research centres link faculty and students with US and international business and government organisations. Recent distance learning initiatives have expanded the school’s global reach.

Course Requirements And Certificates Delegates must meet two criteria to be eligible for an IIRME/GW Certificate of Completion for a course: 1. Satisfactory attendance – delegates must attend all sessions of the course. Delegates who miss more than 2 hours of the course sessions will not be eligible to sit the course exam 2. Successful completion of the course assessment Delegates who do not meet these criteria will receive an IIRME Certificate of Attendance. If delegates have not attended all sessions, the Certificate will clearly state the number of hours attended.

Course Assessment Knowledge confirmation and personal assessment to include: • Team tasks and discussion • Team presentation • Individual written exercises • Individual knowledge demonstration

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Meet Your Expert Course Director Warren F Gillian BSc, BA, MEI has had over thirty years of senior management experience in risk and compliance management. He has been responsible for assisting new and existing businesses in over twenty countries throughout Asia, Middle East and North Africa; develop their unique responses to the changing risk and compliance landscape.

In all, over 290 companies within these regions have been assisted

by Warren to achieve various degrees of risk and compliance performance enhancement.

He has written and published extensively in local and international media on technical and commercial compliance issues; he has presented and chaired many international conferences and has sat on and chaired numerous international advisory groups.

Warren has also presented and taught an extensive range of risk, compliance, AML and governance topics throughout SE Asia, the Middle East and Australia, he has also consulted extensively in these areas.

Warren provides high level support to company boards in the area of governance, compliance and in banking sector Basel II and III and AML compliance. He was the Deputy Director of the Australasian Risk Management Unit (ARMU), which led a consortium of Australian banks in developing an AML best practice guide.

He still maintains academic links as a post graduate lecturer in risk and compliance, for Monash University Australia. He is also a Founding Director of the International Institute for Enterprise Innovation, a Director of Australasian Compliance Risk Management Pty Ltd and Chairman of the Australasian Risk Management Centre (ARMC). In 2005 he was appointed Professor of Management-Risk & Compliance in the Global Business School at the WHARTON Institute of Technology and Science.

Would you like to run this course in-house?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

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Certificate In Risk Management 2 – 5 June 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE Course Timings Registration for this course will be at 07:30 on Day One. The course will commence at 08:00 every day and finish at 14:30.There will be breaks for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session.

Course Introduction During this four-day course you will explore core risk management principles that will directly affect your organisation. You will

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develop a practical understanding of the new global risk standard ISO 31000 and will also gain a clear understanding of the theory of risk communication and the consequences of ‘outrage’ for risk

of the organisation. Its report on internal control impact on corporate objectives is still the landmark guide to the development of risk control processes today ISO 31000 This standard provides the first globally applicable Risk Management framework. It is constructed on a three-pillar architecture platform (principles, framework, and process)

management. Further the course will address the critical issue of risk

Day Two

reporting and stakeholder interest. Other strengths of the course are its focus on supply chain risk management and risks to reputation. This is an innovative course that has been specifically designed to provide risk managers with risk mitigation responses to a range of current risk issues which are looming large in our commercial world.

Why This Course?

This intensive four-day course aims to help you understand the elements of an inclusive risk management strategy. It is designed to allow you to develop, design and implement a successful risk management program, which will create value within the organisation.

This course will use case studies, discussion and presentations to illustrate the linkages between the operational and systemic risks within the risk process. It’s a hands-on programme, which will require engagement by the delegates.

Day One Review Of Risk Principle • What Is Risk?

A review of definitions including the most recent iteration originating from the new global risk standard: ISO 31000 • Risk And Uncertainty The origins of risk and the need to understand the role of uncertainty, and its re-occurring nature • Risk And Return Risk is never taken without some notion of return to the risk acceptor.

The question becomes is the return adequate for the risk and can it be measured?

• The Value Proposition Of Risk The effective identification and management of risk is an essential pre-requisite for the creation of shareholder and stakeholder value.

To do this it must show that ALL risk management activity within the organisation is focused on supporting the achievement of organisational goals and objectives Working With Risk Frameworks • COSO The Committee Of Sponsoring Organisations was one of the first groups to assess the role of internal control or lack of it, on the performance

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Risk Communication • Principles Of Risk Communication Any form of communication requires both a transmission of information and acknowledgement of that transmission by the recipient. The core principle behind today’s concept of risk communication is a two-way open communication approach • Perception And Meaning In Communication Meaning is subject to the perception of the recipient of the communicated message. Without understanding the role of individual perception, risk managers will fail in delivering effective solutions to the organisations risk challengers • Risk Communication Techniques Risk communication is too critical to be left to ad hoc and random processes. Risk communication must be a structured activity which is designed to deliver vital information to risk owners throughout the entire organisation, across all levels and to provide an assurance reporting to all levels of the organisation, especially to the board • Managing Communication Risk Managing risk communication is essentially about meaning i.e. knowing what you intend to say, knowing who you intend to say it to and knowing what you expect to happen as a result. Without understanding these issues your risk communication becomes disjointed and without function/purpose Risk Reporting • Objectives Of A Risk Reporting System A good reporting system enables organisations to take risks that can be managed in order to increase operational efficiency and to avoid risks that could materially affect the value of the organisation • Risk Reporting Process Reporting processes are required at each stage of the risk management process from developing the context, risk identification, risk analysis, risk evaluation, risk review and monitoring. In particular reporting process should provide assurance that risks are under control or need escalation • Criteria For Risk Reporting It is critical in developing effective risk reporting criteria that they be understandable within the organisation, be comparable with other organisational data sets, have the ability to be aggregated and disaggregated. And to be distributable throughout the organisation

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Benefits Of Risk Reporting Effective risk reporting can show where risks are concentrated or otherwise, which allows management to efficiently allocate resources either to mitigate or exploit

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Day Three •

Interconnectivity Of Risk The global financial crisis, apart from other things, demonstrated that all risks are linked. It highlighted the fact that poor management decisions coupled with poor control environment (operational risk), created a financial environment in which both liquidity and trust were in short supply (liquidity risk). As a result of this shift in risk context we moved into a period of credit tightness (credit risk) resulting in major changes in Systemic risk and the resulting financial crisis.

This session will look specifically at: - Operational Risk - Liquidity Risk - Credit Risk - Systemic Risk and how they interacted to produce the worst financial crisis since the great depression.

Day Four Reputation And Risk • Reputation Damage Reputation is often described as the opinions people, organisations and society have of you at any given point in time. These opinions can be positive or negative and they can be adversely affected by a range of activities which are under our control. This session will focus on the following issues which have major adverse consequences for reputation: - Fraud - AML - Outrage • Reputation Maintenance Reputation is not something we can take for granted. Failure to actively manage the organisation reputation will lead to lower market capitalisation and eventual collapse. We will investigate how organisations can optimise their resources to achieve both high performance and reputational value • Stakeholder Management Identifying, classifying and active management of stakeholders leads to better informed corporate decisions and sustainable growth, with minimum surprises.

• Compliance Both regulatory and non-regulatory compliance are essential tools for maintaining corporate growth and performance • CSR Today there is a growing agreement that Corporate Social Responsibility is more to do with ‘HOW’ a company creates wealth rather than how it spends it and this ‘HOW’ will determine how society will in turn view the corporation • Sovereign Risk Typically sovereign risk is the risk of a government becoming unwilling or unable to meet its loan obligations, or reneging on loans it guarantees. More recently we can add to this the way sovereign governments develop and implement policy - What are the variables that affect the probability of sovereign risk?

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What is the role of rating agencies in determining the level of sovereign risk?

Foreign investment boards and special tax classification e.g. super resource taxes and changing the sovereign risk game plan

Supply Chain Risk • Supply chain risk management has been described as the application of risk management tools to deal with the risks and uncertainty caused by impacts on logistics related activities or resources in the supply chain • Why does an organisation need to identify a supply chain risk?

• Risk context and stakeholder impact on supply chain management and why we need to both understand and optimise our utilisation of these issues to successfully manage our supply chain risk • Financing supply chain risk- What are the options?

• Establishing a supply chain risk management programme Business Continuity Risk • Business Continuity Management (BCM) is a management process that identifies potential impacts that threaten an organisation and provides a framework for building resilience and the capability for an effective response which safeguards the interests of its key stake holders, reputation, brand and value creating activities (BCI) This session will look at: - Why BCM is essential for not just the survival of the firm, but as critical risk tool for the maintenance and preservation of shareholder value - Understanding the difference between crisis and disaster risk management and the role that BCM plays in mitigating their impacts on the organisation - Identifying a BCM framework that will work in your organisation - BCM maintenance and the need for constant readiness

Who Should Attend?

Senior executives, financial analysts/managers, bankers, strategic planners, financial decision-makers, corporate accountants, financial management consultants, market regulators and risk and compliance advisory professionals and those executives responsible for governance.

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Certificate In Risk Management 2 – 5 June 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 21743 Dubai, UAE

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com WEB BC4826 Event

Course Fee Before 17 March 2013*

Course Fee Before 7 April 2013*

Final Fee*

US$ 3,895

US$ 4,395

US$ 4,695

Certificate In Risk Management

2 – 5 June 2013

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

* Book and pay NOW and bring your colleague for FREE on this course Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Completion.

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A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

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Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Jumeirah Emirates Towers Hotel, Dubai, UAE Tel: +971 4 330 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

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