Training Brochure
Introduction
Course
The Risk Essentials Masterclass
Fundamentals
Embedding
Practical
Risk
Risk
Optimising
Choosing and Using Key Risk Indicators
Risk
Reputational
Risk
Fundamentals
Strategic
Operational
Climate
Introduction
The Institute of Risk Management (IRM) is the leading professional body for Enterprise Risk Management (ERM). We provide globally recognised qualifications and training, publish Thought Leadership and run insightful events open to both our members and the wider public, all of which are underpinned by our professional standards, defining the requirements risk managers need to meet
By these means, we help organisations and individuals build excellence in risk management and raise awareness of risk across society so that they protect value and take advantage of opportunity.
Training Courses Trainers
All of our courses are highly engaging and interactive With practical case studies and exercises, you will use valuable tools and techniques to assess different aspects of risk management which you can put to use straight away upon returning to work
Our courses are benchmarked against the international standards of ISO 31000 You will gain CPD hours and a certificate of attendance for each course you attend
Each trainer is an IRM approved trainer, this means they have gone through a lengthy assessment and evaluation process to ensure their skill set and experience is broad, extensive and relevant to each subject matter.
Our trainers are highly skilled, personable and have an in-depth knowledge of their subject field They are very hands-on and will help you apply the learning materials to your individual needs
For further details please visit www theirm org/training or email us at training@theirm org
All training courses available through the IRM can be found on our website If you would like to discuss any courses in particular please contact our training team
Course Structure
All IRM courses are based on the concept of Enterprise Risk Management (ERM) The courses are set to the international standards of ISO 31000 and each course is aligned to a specific part of the ISO framework to help you identify the most suitable course
ISO 31000 Risk
Principles of Risk
Context and Objectives
Risk Assesment
Action, Monitoring, and Review
IRM Training Courses
Fundamentals of Risk Management (FoRM)
FoRM Financial Services
Risk Essentials Masterclass
Climate Change Risk Management
Certificate for Risk Management in Insurance
Risk for NHS Practitioners
Operational Risk Masterclass
Embedding Risk Management
Strategic Risk Masterclass
Practical Risk Appetite and Tolerance
Risk Culture
Supply Chain Risk Management
Effective Risk Registers and Assessment
Optimising Risk Workshops
CQRM: Certified in Quantitive Risk Management
ESG Fundamentals and Risk Quantification
Risk Reporting
Risk Management for a Digital Future
Choosing and Using Key Risk Indicators
Communication and Consultation
Risk In the Boardroom
Reputational Risk
With training courses covering a wide range of ERM topics, we can help build your career as a risk professional. All courses are delivered by industry experts so you can immediately apply the latest best practice
As well as being practical and interactive, the courses allow you to log CPD hours and some offer accreditation
Course bookings can be made online or you can complete the attached form and get in touch directly with our training team to book your place.
Please note, some courses book out months in advance and places are allocated on a ‘first come first served basis
The Risk Essentials Masterclass
Course Overview
This masterclass is based on the content of our three most popular and practical courses and brings them into a tailored masterclass of risk management essentials
Day one will focus on our FoRM course. You will be introduced to risk management; what it is, the framework, examining the risk processes and covering the context and vocabulary of risk management.
Days two, three and four will focus on the risk management framework and practical implementation tools. You will deep dive into key risk management topics including: Objective setting and understanding, risk appetite and culture, risk identification and assessment, risk responses & resilience to handle change and risk assurance and communication.
On day five you will prepare your case study for presentation, offering you the chance to have an experienced risk professional critique your case study as well as learn from other delegates perspectives and organisations
Learning objectives
Gain a broad understanding of ERM and the role it plays in organisations
Learn about the function and role of the five main stages of the risk framework
Understand organisation objectives, the drivers, KPI’s and KRI’s to help identify risk
Learn about risk appetite and statements, and how risk culture can define your risk maturity and appetite
Examine risk identification techniques, and ways to present them to different stakeholders while identifying effectiveness and control
Risk controls and how to respond; creating business cases for new controls
Risk assurance: Assuring stakeholders, horizon scanning and risk and audit
Who should take this course?
Risk Managers & practitioners
Executives, Heads of Departments & CROs
Student studying the certificate & diploma
Risk Champions & facilitators
Internal auditors
HR Managers & IT Risk Managers
Duration
5 days (Classroom)
4 days (Virtual)
For more information, please visit: theirm org/risk-essentials-masterclass/
e fundamentals of Enterprise Risk Management in a dynamic and interactive learning environment The course will use the theory and practice of risk management in-line with international standards (ISO 31000) and industry best practice. The course uses a combination of case-studies, practical exercises and current affairs to bring material to life Our trainers will bring you a wealth of industry expertise. On completion of this course you should have a solid understanding of how effective risk management can benefit your organisation
Learning objectives
Setting the scene
Understanding risk maturity
Understanding the risks around us
What is Risk?
Learn how to define risk
Understanding how risk management can be used to both maximise opportunities and minimise threats
Understanding the principles and processes of risk management
Establishing the attributes of effective risk management
Context and Objectives
Understanding the purpose and scope of risk management
Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance
Develop an awareness of risk appetite
Risk Assessment
Gain and awareness of identification techniques
Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices
Practically applying risk assessment using case studies to identify and analyse
Risk Action
Understanding risk treatment plans and smart actions
Recognising control effectiveness
Awareness of business resilience
Monitoring, Communication and Reporting
Techniques to keep the risk management process alive through effective monitoring and reviewing
Develop and appreciation of effective risk reporting
How to effectively communicate risk to all levels of your organisations and to external stakeholders
Who should take this course?
Anyone who needs to understand risk management and the role it plays in there are of business (Operational and Support Managers)
Anyone who needs to know how risk affects strategy and decision making (Senior Executives)
Anyone new to risk who wants to feel more confident in Enterprise Risk Management
Anyone who wishes to enter the risk profession
Anyone looking for a refresher to enhance their knowledge
Students who wish to use the course to support their study material for the certificate and diploma (IRM students)
Anyone who needs to know about the relationship between risk management and audit and compliance (risk, audit and compliance professionals)
Duration
Classroom based course: 2 days
For more information, please visit: theirm.org/training/publiccourses/fundamentals-of-riskmanagement-form/
Online course: 2 days
For more information, please visit:
https://www theirm org/training/p ublic-courses/virtual-learningfundamentals-of-riskmanagement-form/
“The FoRM course gave me a greater appreciation of the different aspects of risk management, including completely new concepts about corporate governance risk.”
Mark Turner BSc, CMIRM VP Risk Management
Embedding Risk Management
Course Overview
The more deeply a risk manager succeeds in influencing the organisation's entire culture, the greater their ability to influence how risks are identified and acted upon Aligning risk management with general management ensures it becomes part of an organisation's core philosophy
Embedding Risk Management is a practical two-day workshop on how to set up, enhance or review a risk management framework You already understand the process of risk management The next step is to equip yourself to fully integrate business risk and opportunities for innovation into your organisation's corporate governance model Our interactive workshop sessions explore the barriers stifling risk management and analyse the different solutions Packed with a series of models you will leave with a toolbox of useful ways of making risk in your organisation more synchronised with how you run your organisation
The course charts the 5 stages of the risk management process which are:
Organisational objectives
Organisational risk appetite
Risk evaluation
Risk treatment
Risk assurance
Learning objectives
Creating a robust action plan for an embedded ERM framework
Enabling the board to anticipate and handle risks in meeting strategic objectives
Identifying behaviours that support
Enterprise Risk Management
Developing your own risk management
tools, maturity models and risk appetite models
Who should take this course?
Heads of Department
Risk Managers
HR Managers
Chief Risk Officers
Duration
Two days
For more information, please visit:
theirm.org/training/publiccourses/embedding-risk-management/
which involves balancing competing interests. IRM's two-day training explores the amount of risk your organisation is willing to seek or accept to achieve its objectives
We give you the theory behind risk appetite thinking and the hands-on skills and practical knowledge to build an effective risk appetite framework to benefit your own organisation You will learn precisely how to analyse risk appetite and the tools to implement this key aspect of risk management in your role
Who should take this course?
Organisation leaders & managers who want to understand how a positive approach to risk adds value
Risk managers who are charged with risk framework implementation
Auditors who have responsibility to provide assurance to the organisation on risk management
Board members who set risk appetite and tone from the top in their organisation
Learning objectives
Explain the difference between risk appetite, risk tolerance and thresholds
Develop a risk appetite framework and supporting governance processes
Develop risk appetite metrics and trigger levels for action
Customise and use risk appetite within your organisations ERM framework
Establish Key Risk and control indicators based on the risk appetite metrics
Gain board and executive level buy-in for formalising the organisations risk appetite
Duration
“Well designed, professional and internationally recognised approach to risk management training that aligns with the needs of modern businesses.
Vince Hayler Change and IT Risk Specialist, Old Mutual Wealth
2 days
For more information, please visit: https://www.theirm.org/training/publiccourses/practical-risk-appetite-and-risktolerance/
Risk Culture
Course Overview
This one day course will cover the concepts of risk culture and what it means for your organisation. You will also learn how to improve risk taking through the implementation of effective risk management techniques.
Delivered through presentations, interactive workshops and group work, you will have plenty of opportunities to learn from the experiences of other delegates.
Who should take this course?
Risk Practitioners
Risk Managers
Operations Managers
Heads of Department
Chief Risk and Finance Officers
Chief Executive Officers
Learning objectives
How significant risk culture and control are to organisations, and the different levels of risk culture
The external and internal factors which can affect the risk culture of an organisation
“Dynamic and engaging. The content was balanced between delivering rich insights and allowing sufficient flexibility to adapt to participants objectives ”
Adnana
Manda Head of Risk Partners Society for Worldwide Interbank, Financial Telecommunication
Reviewing and evaluating various approaches to monitoring risk culture, including the use of surveys and metrics Different regulatory approaches to risk culture, including HSE, financial services and financial reporting
Duration 1 day
For more information, please visit: https://www.theirm.org/training/publiccourses/risk-culture/
Risk Reporting
Timely, accurate and effective risk reporting is an integral part of a strong risk management framework Many organisations already have risk reporting processes in place These are not always reviewed as often as they should be to ensure the best and latest risk reporting techniques are being used to enhance decision making
This one day course will explore the latest best practices and provide a basic grounding in the design and implementation of effective risk reporting
Who should take this course?
Risk Managers
Operations Managers
Business Executives
Finance Managers
Course Overview Duration
Data Officers, Managers and Executives
1 day
For more information, please visit: theirm org/training/public-courses/riskreporting/
Learning objectives
The strengths and limitations of various risk reporting tools such as risk registers, key risk indicators, risk matrices
How risk reporting fits into strategic decision making, internal control and external reporting
The recent developments in risk reporting tools and methodologies
Managing your risk reports effectively, including: producing reports for different audiences; potential problems with collecting data; designing a report effectively; and using risk reporting systems
Effective Risk Registers and Assessments
Course Overview
A good risk register informs corporate decision-making and allows an organisation to show how it is identifying and managing threats to its objectives effectively
This course gives you practical tools and techniques to create your own risk management toolkit
Find out how to engage the interest of all stakeholders to capture valuable information from them, and how to inform decision-makers of the greatest threats they face.
Who should take this course?
Risk Managers
Risk Champions
Risk facilitators
Internal auditors
Health and Safety officers
IT risk managers
“The trainer is fantastic She explains things very well and makes the effort to get everyone involved. She has the practical skills to back it up, bringing real life situations into the training ”
Karen Giles, Senior Manager
Compliance, The Grass Roots Group Holdings Limited
Learning objectives
Designing a fit-for-purpose risk register
Ensuring your register is the go-to dashboard for status reports
Analysing business objectives and defining the scope of risk assessments
Identifying the most appropriate risk assessment technique
Planning and facilitating risk assessments
Evaluating risks based on their rating and your organisation’s risk tolerance
Duration 1 day
For more information, please visit: https://www.theirm.org/training/publiccourses/effective-risk-registers-andassessments/
Optimising Risk Workshops
Course Overview
Structured risk workshops are vital to the success of risk management, promoting the role and value of risk policy and the risk management function This course provides you with the guidance and tools to run workshops effectively.
Delivered through practical exercises, group work and discussions, the emphasis of the course is on the application of workshop techniques.
Learning objectives Who should take this course?
Chief Risk Officers
Heads of Risk Management
Risk Analysts
Company Secretaries
Heads of Internal Audit
Internal Auditors
Compliance Officers and Managers
Risk Management Consultants
Quality and Standards Managers
Creating coherent project plans for organising structured risk workshops and setting agendas
Developing pre-workshop research and documentation
Setting the right environment for a productive workshop
Facilitation skills for encouraging contributions from attendees
Workshop techniques such as brainstorming, data analysis and executive interviews
Duration 1 day
For more information, please visit: theirm.org/training/publiccourses/optimising-risk-workshops/
Choosing and Using Key Risk Indicators
Course Overview
Key Risk Indicators (KRIs) help organisations prevent risks and exploit the opportunities they offer. This one-day course will guide you through the use of KRIs, showing you how they can be used as a powerful management tool to improve risk awareness and the execution of business objectives.
Delivered through a mix of presentations, group discussions and guided exercises, you will learn, step-by-step, the methodology behind preventive KRIs. By the end of the course, you will understand the role played by KRIs within an enterprise-wide risk management framework
Who should take this course?
Risk Managers
Risk Practitioners
Risk Champions
Chief Risk Officers
Internal Auditors
Governance and Compliance Managers
Key Risk Indicators Quiz
Test your knowledge on KRI’s with our quiz. The following 10 questions are samples of topics covered in our KRI training course. You must submit your email address at the end of the quiz to find out your results.
Learning objectives
The nature and types of preventive KRIs
Identifying root causes and event drivers for each of your key risks
How indicators shape an organisation’s risk culture
Evaluating the effectiveness of draft KRIs you have been considering for use in your organisation
Designing an efficient indicator programme in a risk management framework
Duration 1 day
For more information, please visit: theirm.org/training/publiccourses/choosing-and-using-keyrisk-indicators/
Risk Management for a Digital Future
Course Overview
This Digital Risk training course will cover some of the most pressing and critical areas of Enterprise Risk Management that executives in organisation’s worldwide currently face: digital disruption, transformation and cyber attacks
In a world that is increasingly moving to a digital future and where disrupting technologies and competitors come at a much faster speed than ever before, this course will look at the upcoming technologies from Artificial Intelligence to Blockchain as well as providing examples and techniques for being better prepared for digital disruption. This course will provide insights into how organisations should be managing their digital transformation initiatives from deciding on the right technologies to successful implementation Examples of aspects covered include governance, digital committees, social media policies and how risk management plays a key part of the digital transformation initiatives
Who should take this course?
Anyone new to risk or wishing to enter Executives and Heads of Departments
Risk management practitioners of all levels requiring a refresher
Students studying IRM qualifications
Learning objectives
Understanding risks that can impact reputation including, but not limited to, cyber-attacks, social media and failure to meet customer expectations
“The content and delivery of the course was exactly what I was hoping for as someone new to cyber risk. The content was useful and relevant and delivered in a way that kept my attention and interest, using real-life examples to make it relevant and easy to understand."
Linda Ponting Head of Assurance, Eduserv
How to build risk management into decision making to ensure your organisation doesn’t get tech wrong Tone from the top and how to effectively communicate positive risk management How to build risk management competency within the organisation
A framework for rewarding staff for taking and managing risk
Duration
1 day
For more information, please visit: theirm org/training/public-courses/riskmanagement-for-a-digital-future/
Reputational Risk
Course Overview
This interactive course teaches you how to ensure that your organisation’s reputation continues to be a critical asset and how to protect it, or, in some cases enhance it further, even if the worst should happen It will focus on traditional sources of reputational risk such as supply chain and fraud, as well as looking at the new realities of digital risk, from social media risk management to cyber risk
The course provides participants with preventative tools that protect and enhance your reputation and the corrective tools for recovering damaged trust. More importantly, it equips participants with the knowledge to enhance current Enterprise Risk Management frameworks by integrating Reputational risk into the framework and business decision making You will examine high-profile case studies of reputation damage from a number of industries with a variety of causes, in order that all participants should be able to relate it back to their industry or organisation
Who should take this course?
Risk Managers and Executives
Internal Audit
Business Continuity
Corporate Communications
Public Affairs
Investor Relations
Corporate HR
Duration
1 day
For more information, please visit: theirm.org/training/publiccourses/reputational-risk/
Learning objectives
The difference between brand and reputation and the importance of understanding the organisation’s aspirations
Risks that can impact reputation including, but not limited to, cyber attacks, social media, environmental incidents and a failure in supply chain
Stakeholder Analysis and how to link it to the risk management process
Alternative metrics for measuring brand and reputation risk
Protecting and enhancing reputation with effective risk mitigation strategies such as Business Continuity and Media Management
Tools and techniques for identifying, reporting and mitigating reputation and strategic risk
Risk in the Boardroom
Course Overview
In an era of increasing concerns regarding reputational risk and with companies under greater scrutiny by their stakeholders (including regulators), boardroom competency in the area of risk management is now seen as a core skill
The IRM’s Risk in the Boardroom, which we offer as a one-day course, gives you a practical overview of what board members and stakeholders need to know about managing business risk and how it is a key element of good corporate governance It demonstrates the importance of risk management as a regular, strategically-focused activity – and not merely a compliance-driven add-on Suitable for all board members You will be guided by an experienced risk professional who has both sat on and advised boards on corporate governance, and helped companies to enhance their risk management systems.
Who should take this course?
Executive Board Directors
Non-Executive Directors
Board Trustees
Company Secretaries
Heads of Department
Senior Managers
Chief Risk Officers
Risk Directors
Risk Managers
Compliance Managers
Duration
1 day
For more information, please visit: theirm org/training/public-courses/riskin-the-boardroom/
Learning objectives
The risk management process from a board perspective
Concepts such as risk appetite, risk culture and the ‘extended enterprise’ – based on IRM studies of these areas
Promoting risk management as a key element of good governance
Identifying, measuring and assessing critical business risks
“One of the most effective training sessions I have attended The trainer managed to cover a lot of ground in a short period of time with an engaging and thought-provoking manner. "
Mio Newbould, Affiliate Member, Internal Audit Manager, Brother International Europe Ltd.
Certificate in Quantitative Risk Management (CQRM)
Course Overview
Quantitative risk management represents the discipline which deals with the ability of an organisation to quantify and manage its risk This scientific approach to business is becoming increasingly critical in today’s world as organisations need to satisfy stakeholders who demand it.
The International Institute of Professional Education and Research Certificate in Quantitative Risk Management accreditation is one of the fastest-growing international qualifications recognised by a growing number of multiple international institutions These currently include the Project Management Institute, Chartered Financial Analyst Institute, Association to Advance Collegiate Schools of Business International, American Institute of Certified Public Accountants, the Energy Institute, Institution of Chemical Engineers and the Institute of Risk Management, all of whom are providing from 30 to 45 CPD, PDU and CPE credits
The IIPER-CQRM is a four day classroom-based course, including a final day, two-hour open book exam The IIPER-CQRM accreditation course will cover the detailed concepts of integrated risk management techniques. Certificate in Quantitative Risk Management (CQRM) Action, Monitoring and Review
These will include:
Quantitative Monte Carlo Risk Simulation
Forecasting analysis and predictive modelling
Project portfolio selection and optimisation
Business intelligence and data science analytics
Strategic real options valuation
Throughout the course we will be looking at several case studies and industry applications from various multinationals so that delegates can see and understand how advanced analytics are being used globally.
This is a rigorous and detailed course with a lot of hands-on modelling and exercises Delegates will leave the course with the full capability and knowledge of how to run all these advanced analytics, to interpret and analyse business data and to make more informed business decisions
Learning
objectives Who should take this course?
Learn the concepts and applications of qualitative and quantitative risk management as they pertain to making strategic decisions
Understand how to identify, assess, quantify, value, model, optimise, and forecast risks and uncertainties of economic and noneconomic outcomes
Learn how to run Monte Carlo risk simulations, perform econometric and predictive modelling, and implement risk diversification in portfolios (products, assets, commodities, etc.)
Have an understanding of how to mitigate, hedge, and reduce risks through the application of strategic real options techniques and models
Learn how multinational corporations make strategic business decisions under uncertainty, through the use of multiple business cases and hands-on modelling examples
Software Requirements
Any professional interested in acquiring updated and practical knowledge in risk management from a quantitative risk management approach to measure and analyse business data, and make informed decisions.
Duration
4 days.
For more information, please visit: https://www.theirm.org/training/publiccourses/cqrm-certified-in-quantitativerisk-management/
Please ensure that your system meets the following requirements for optimal performance: Operating System: Compatible with Windows 7, 8, or 10, and supports both 32-bit and 64-bit architectures
Software Requirements
Microsoft Excel: Ensure that you have Microsoft Excel 2013, 2016, or 2019 installed Additionally, Microsoft Excel for Microsoft 365 (both 32 and 64-bit versions) is supported Microsoft® NET Framework: Your system should have Microsoft NET Framework version 2 0, 3 0, or 3 5 or higher installed for necessary dependencies
Hard Disk
A minimum of 650 MB of free hard disk space is required for software installation. Permissions: You must have administrator rights on your system to install the software
Download
Risk Simulator & PEAT (Project Economic Analysis Tool)
Note for Mac Users
If you are using macOS, you can still use the software by employing Bootcamp, Virtual Machine, or Parallels to run a Windows environment on your Mac
Fundamentals of Risk Management (FoRM) Financial Services (FoRM-FS)
Course Overview
Traditional banking and insurance have significantly evolved in recent years. This evolution has been spurred on by lessons learned from seismic events in the financial services industry and the improvements that technology is bringing to Financial Services providers and their customers.
This online course delivered over two four-hour sessions gives participants a grounding in the fundamentals of risk management as they apply to the Financial Services industry. Participants will gain an insight into the changing landscape of risk regulation and the management of risks arising from new market players such as Fintech and Crypto.
Who should take this course?
This course would be of benefit to anyone working in, or advising, the Financial Services
Industry Typical Financial Services organisations include:
Banks
Insurers & Reinsurers
Credit Card Providers
Money Lenders / Credit Unions / Mutuals
FinTech and Crypto players
Fund Management Service Providers
Duration
2 days.
For more information, please visit: https://www theirm org/training/publiccourses/virtual-learning-fundamentals-ofrisk-management-form-financial-servicesform-fs/
Learning objectives
Develop an understanding of the key elements of a risk management framework as it applies to all industries
Focus on understanding the financial services sector specific aspects of risk management
Gain an understanding of the additional risk management complexities presented by the fast-paced changes in the financial services sector including Fintech and sustainable financing
Learn about the significant role that regulation plays in the management of risk in the financial services sector
Gain a practical understanding of financial services specific risk management tools such as RCSA
Strategic Risk Masterclass
Course Overview
Are you happy with your organisation’s growth plans? Would you be prepared to push a bit harder?
The Strategic Masterclass focuses on using risk management to take more risks in a controlled way to gain a competitive advantage
The content will give you a grounding in risk appetite and tolerance, risk culture, strategic risk and control effectiveness. You will also gain a good understanding of Resilience, Agility and Sustainability and how they relate to the running of your organisation
Over the course of the 3-day workshop, you will consider your strategic opportunities and their associated risks You will weigh these options and risks against your existing resilience and agility You will weigh up what additional capabilities and controls would be needed to pursue these opportunities in a measured and balanced way
Who should take this course?
Senior risk professionals
Business leaders (CEOs, heads of function, senior managers)
Assurance providers, e g , internal and external auditors
Non-executive directors (particularly those with responsibility for audit and risk)
Professional advisors wishing to provide more expert support for their clients' market
Duration 3 days.
For more information, please visit: https://www.theirm.org/training/publiccourses/strategic-risk-masterclass/
Learning objectives
Gain an understanding of how risk management can be used to achieve a competitive advantage
Ability to identify how resilient and agile the organisation is in the face of constant change
To develop an understanding of the risks associated with the organisation adapting to sustainability targets
Examine strategic risks and how they can impact your organisation
Learn tools and techniques to measure and monitor control effectiveness
Identify the short-term “clear and present danger” risks; their medium-term knock-on effects and their long-term existential challenges
Operational Risk Masterclass
Operational risk management is the management of unpredictable outcomes on the efficiency and effectiveness of operations in an organisation This Masterclass guides participants through the key issues and dilemmas that arise from the design and implementation of a best-in-class operational risk management framework.
Taught by internationally respected and experienced practitioners, the Masterclass is interactive and focuses on the creation of a structured, bespoke organisational improvement plan for each participant. The Masterclass is backed up by up-to-date learning resources including the 2022 book Fundamentals of Operational Risk by Simon Ashby
This book builds on the Institute of Operational Risk and Institute of Risk Management’s Sound Practice Guidance Papers It is written for risk professionals looking to benchmark and enhance the operational risk management practices of their organisations. The book contains many case studies and examples of good practice, some of which form the basis for the group exercises and cases that will be used in-class
Learning objectives
Who should take this course?
The Masterclass is aimed at any professional looking to improve their operational risk management practice and the operational risk management framework of their organisation
Operational risk managers
Enterprise risk managers
Chief risk officers
Auditors
Risk management consultants
Governance professionals
Duration 3 days
For more information, please visit: https://www theirm org/training/publiccourses/operational-risk-masterclass/
Climate Change Risk Management
Course Overview
complexities of a changing climate, evolving regulations, and emerging opportunities with our two-tiered course offering or the combined Masterclass
Climate Change Risk Management: Fundamentals
Embark on a journey to understanding why climate change matters to you and your organization. Uncover the principles of climate change risk management, and learn how to implement effective strategies using the latest tools and techniques Discover the critical connection between climate change and sustainability, and prepare to meet the evolving expectations of regulators and stakeholders
Climate Change Risk Management: Advanced
Dive deeper into the world of climate change risk management Unravel the intricacies of emissions debates, carbon accounting, and border adjustments. Master scenario analysis techniques to inform decision-making, learn to spot and avoid greenwashing, and stay ahead of reporting requirements. Transform your understanding into meaningful actions that lead to real change
Who should take this course?
The course is designed for those responsible for leading climate change risk management in their organisations, through to those who want to find out more
By attending the "Fundamentals" course, you'll gain a solid grounding in climate change science, practical risk management tools, and insights into regulations such as TCFD and ISSB.
The "Advanced" course delves deeper into emissions, scenario analysis, and decision-making, empowering you to lead the charge in combating climate change. With these courses, you ’ re not just learning; you ’ re becoming a catalyst for sustainable change in your organisation and the world at large. Don’t miss this opportunity to stand at the forefront of climate innovation and action
Learning objectives
On completion of the Climate Change Risk Management Fundamentals course, participants will be able to:
Comprehend Climate Change Science: Develop a foundational understanding of climate change science and appreciate its global implications
Understand Climate Change Risk Management: Gain knowledge on climate change risk management, including strategies for identifying risks and opportunities and making informed decisions
Familiarise with Regulations and Standards: Become acquainted with key climate change regulations such as TCFD (Task Force on Climate-related Financial Disclosures) and ISSB (International Sustainability Standards Board) and understand the evolving expectations for organisations
Master Tools and Techniques: Build confidence in employing various tools and techniques for climate change risk management including context understanding, scenario analysis, and setting metrics and indicators
Integrate Climate Change Strategy into Sustainability Goals: Learn how to establish and integrate a climate change strategy into broader sustainability and Environmental, Social, and Governance (ESG) objectives
On completion of the Climate Change Risk Management Advanced course, participants will be able to:
Analyse Regulatory Compliance and Industry Performance: Critically analyse changing regulatory requirements and evaluate the performance of different organisations in meeting these requirements
Deep Dive into Emissions Management: Develop an in-depth understanding of emissions, including the concepts of Net Zero and Carbon Neutral, carbon trading schemes, and carbon accounting
Conduct Advanced Scenario Analysis: Acquire skills in developing both qualitative and quantitative scenario analysis and learn how to establish financial materiality thresholds and link them to risk appetite and tolerance
Enhance Decision-making Skills: Enhance decision-making capabilities by understanding how internal and external stakeholders influence climate change strategies and learn how to make meaningful decisions that lead to tangible changes
Identify and Combat Greenwashing: Gain proficiency in identifying greenwashing tactics and develop strategies to prevent and combat greenwashing within an organisation
Duration
Masterclass: 4 days
Fundamentals: 2 days
Advanced: 2 days
https://www theirm org/training/publiccourses/climate-change-riskmanagement/ For more information, please visit:
Certificate in Risk Management for Insurance
Course Overview
This course has been jointly developed by IRM, ESA Business School and Corporate Risk Management Institute (CRMI) and provides participants with a general understanding and overview of Risk Management Frameworks implemented in the insurance industries in line with best practices and international standards
Taught by practising professionals with strong academic backgrounds, the course will allow participants to identify, assess, measure, monitor and mitigate both potential financial and nonfinancial risks in a practical way using relevant industry case studies Also, the course covers significant parts of the compliance and regulatory requirements based on participants’ location
After completing the certificate, participants will have course materials that they can refer to, to help manage the critical risks faced by insurance and reinsurance companies.
Course Objectives
Understand the fundamentals of risk management within the insurance and reinsurance industry
Learn how to use key techniques to identify, analyse, and respond to a variety of risks, both internal and external to companies using realworld examples
Evaluate the impact and rationale for designing an effective risk management strategy aligned with an organisation’s corporate governance principles and regulations
Develop the skills to create your Own Risk and Solvency Assessment (ORSA) reports that are tailored to the insurance industry, along with recovery resolution plans
Who should attend?
Risk Managers, Internal Auditors, and Legal and Compliance professionals within the insurance and reinsurance industry
Consultants and Regulators looking to specialise in Enterprise Risk Management within the insurance and reinsurance sector
Stakeholders (Board Members, Executive Management, and Underwriters) involved in the formulation, implementation, and enhancements of risk management frameworks within an organisation
Applicants looking for a career in Governance, Risk and Compliance (GRC) department within the insurance and reinsurance industry
Agenda
This course consists of seven modules.
For more information please visit:
https://www theirm org/training/publ ic-courses/certificate-in-riskmanagement-for-insurance/
Risk for NHS Practitioners
Course Overview
Embedding Enterprise Risk Management is challenging, particularly in the healthcare sector, where issues are often recorded as risks With wrongly categorised risks tied to multiple crises, trusts often have to take a reactive approach to risk management - limiting its value and benefits.
The Risk for NHS Risk Practitioners course, delivered by NHS Providers Board development programme in partnership with the Institute of Risk Management (IRM), is for NHS risk practitioners. The course aims to help improve knowledge and understanding of what good risk management looks like and how, as risk professionals, risk practitioners can proactively support NHS trusts to be more strategic and outward looking in relation to risk
From the ward to the board, attendees will review their current risk management frameworks to make sure they are relevant, effective, and proportionate to ensure a successful risk management approach can be adopted going forward.
Course Objectives
The Risk for NHS Risk Practitioners course aims to improve attendees' knowledge and understanding of what good risk management looks like, and how risk professionals can proactively support NHS trusts to be more strategic and outward-looking in relation to risk
Designed and developed to equip NHS risk personnel to take more of a partnership approachenabling them to better support risk owners and operational and executive managers to effectively manage their risks.
By the end of the course, attendees will:
Develop a deeper understanding of the principles of risk management
Understand how to identify, assess and prioritise risks in the context of achieving objectives
Support risk owners to understand what risk actions can be taken to manage risks
Develop an understanding of how people react to risk situations
Build confidence to proactively support risk owners and managers by providing effective business support in all areas of risk management
Who should take this course?
It is aimed at those wanting to improve their knowledge and understanding of risk management and gain the tools and confidence to operate as effective risk business partners working alongside risk owners.
NHS risk practitioners
Practising or aspiring managers and leaders who are in decision-making roles in the NHS
This course is for those who don't already hold a recognised risk qualification.
Duration
This course consists of nine half-day modules delivered over five full training days.
For more information please visit:
https://www theirm org/training/publ ic-courses/risk-for-nhs-riskpractitioners/
ESG Fundamentals and Risk Quantification
Course Overview
This 2-day intensive executive training program introduces the concepts, examples, and applications of ESG and quantitative risk management to equip professionals with the skills to apply quantitative methods and decision analytics in strategies, plans and projects influenced by environmental, social, and governance factors It explores how appropriate risk management tools and techniques can be applied, adapted, and developed in an increasingly ESG-focused landscape.
The relevance of the course is explained in the context of climate change, investment risk, project management, and Enterprise Risk Management, which are areas increasingly challenged by decision-makers facing an expanded range of complex interconnected ESG risks The ESG Fundamentals and Risk Quantification program aims to understand the critical concepts of ESG and manage related risks and opportunities and upon its completion, you will know how to model ESG factors, quantify ESG-related risks, and drive sustainable action to create value.
Attendees will receive a 1-year license Risk Simulator Software and DecRisk Integrated Projects (Decarbonization) for future reference and learning.
Learning Objectives
Understand the importance of ESG for gaining a competitive edge and integrating ESG factors to enhance brand reputation, attract investors, and create a positive differentiation in the market
Understand the role of risk quantification in ESG-related topics to provide decision-making support
Gain insights into how ESG factors influence operational risks related to people, processes, systems, external events, and legal/compliance
Learn the usage of optimisation analytics to develop the knowledge and skills to assess and reduce investment risks within a portfolio of ESG strategies or projects
Gain the skills to identify, assess, and mitigate uncertainties regarding costs, time, and outcomes in ESG projects
Learn how to incorporate ESG risks effectively within the ERM framework, ensuring they are recognised, assessed, and managed as essential components of the company ' s risk strategy
Who should take this course?
ESG Fundamentals and Risk Quantification is for professionals who are involved in strategies, plans, and projects that are influenced by environmental, social, and governance (ESG) factors The course is particularly relevant for individuals involved in climate change, investment risk, project management, and Enterprise Risk Management, areas which are increasingly being affected by complex ESG risks
Duration
2 days
For more information please visit:
https://www theirm org/training/publ ic-courses/esg-fundamentals-andrisk-quantification/
Software Requirements
Please ensure that your system meets the following requirements for optimal performance: Operating System: Compatible with Windows 7, 8, or 10, and supports both 32-bit and 64-bit architectures.
Software Requirements
Microsoft Excel: Ensure that you have Microsoft Excel 2013, 2016, or 2019 installed Additionally, Microsoft Excel for Microsoft 365 (both 32 and 64-bit versions) is supported Microsoft®.NET Framework: Your system should have Microsoft .NET Framework version 2.0, 3 0, or 3 5 or higher installed for necessary dependencies
Hard Disk
A minimum of 650 MB of free hard disk space is required for software installation Permissions: You must have administrator rights on your system to install the software.
Download
Risk Simulator & PEAT (Project Economic Analysis Tool)
Note for Mac Users
If you are using macOS, you can still use the software by employing Bootcamp, Virtual Machine, or Parallels to run a Windows environment on your Mac.
IRM Trainers
Joachim Adenusi, CFIRM
Joachim Adenusi is a doctoral candidate with the African Leadership Centre at King’s College London. He is a chartered Insurer with The Chartered Insurance Institute, with over 25 years of risk, governance, and strategic management experience, spanning manufacturing, consulting and academia
Dr Aarti Anhal
Aarti is renowned for her passion for the subject and dynamic style of facilitation, she has been working in the field of security, risk and resilience since 2001. Aarti has spent her professional career equipping operational teams and executives with the skills and tools they need to build their resilience capabilities
Dr Simon Ashby, PhD
Simon previously worked as a financial regulator and senior risk manager in several top financial institutions. With a PhD in corporate risk management, Simon has published many academic papers and policies and is an Associate Professor at Plymouth Business School
Kate Boothroyd, CFIRM
Kate is an experienced risk management trainer and consultant Kate has particular expertise in project and corporate risk management, training and development, and internal audit She has worked for major clients in both the public and private sector across a variety of countries and industries.
Louis Cooper
Louis is a Fellow Chartered Accountant (‘ICAEW’) and a member of the IRM, the Institute of Internal Auditors and the British Standards Institution He is a qualified teacher and has over 20 years ’ experience in governance, risk, and assurance services and he has worked for all of the ‘Big 4’ Accounting firms.
John Crawley, CFIRM
John is a high-impact contributor with extensive experience in a range of disciplines including Finance, Risk Management, IT, HR, Strategy, Asset Management, Boardroom management and Business transformation He is well respected professional with considerable expertise in running as well as advising businesses.
Richard Cross
A professional risk taker who enables intelligent and responsible risk adoption Richard has worked in and consulted across several industries, including finance, government intelligence, technology. In various executive roles such as Chief Information Security Officer, Head of Competitive Intelligence, Chief Risk Officer.
Sarah Gordon, IRMCert, PhD
Sarah has worked in a number of areas including risk and assurance, safety, sustainability, and tech start-ups; all across multiple industries, together with charities and governments. She has also contributed to a number of industry leading papers and focus groups on risk topics
Grant Kennedy, CMIRM
Grant has extensive experience working within the Aerospace & Aviation Industry in progressive Senior Risk Management positions with; BAE Systems, Airbus, BAA and Global Infrastructure Partners. He has a rare blend of experience, skills and knowledge capable of influencing and improving risk performance
Elvis Hernandez
Dr Elvis Hernandez helps organisations to maximize their assetsin-place and create growth opportunities for shareholders, investors, managers and stakeholders . He has advanced practice, knowledge, and education in Risk Management, Finance & Economics, Operational Research, and Corporate Governance
Grant Griffiths
Grant is an internationally recognised risk management professional and an IRM Global Ambassador bringing over two decades of global senior leadership and executive roles with organisations in the energy, engineering & construction, manufacturing, technology and finance sectors
David Stewart
Having spent 30 years rising to senior ranks in the police, David has spent the last 10 years supporting organisational resilience through his expertise in crisis, risk and security management He has supported major clients, up to and including executive level, internationally with significant expertise in the Middle East
e-Learning
Our e-learning programs offer our clients practical and powerful training tools These programs are highly advantageous in that they will give immediate and effective learning through a range of interactive techniques that help our clients understand, learn and absorb the content.
There has never been a better time to invest in training and education that aids the development of your organisation by supporting and strengthening resilient employees
e-Learning Modules include:
Introduction to Enterprise Risk and Resilience
Risk and Resilience the core components
Fundamentals in Quantitative Risk Management and Business Simulations
CQRM - Certificate in Quantitative Risk Management (NEW)
For more information, please visit: https://www theirm org/training/elearning/
Webinars
From in-house and board-level training, to e-learning and company academies, IRM helps organisations support a robust risk culture and a workforce equipped with the knowledge and tools to manage future risks
Webinars
IRM offer a series of highly acclaimed webinars for risk practitioners These are 45minute broadcasts to view live, or download and watch at your convenience, delivered by leading experts in their fields They are free to attend for both members and non-members via Zoom (link shared to those registered)
For more information, please visit:
https://www.theirm.org/training/
For more information about our webinars, how to register for an upcoming session and to watch our archived events, please visit::
https://www.theirm.org/events/webinars/
In-house
Our standard courses
Regulatory requirements and commercial awareness of the need to be risk-resilient means more organisations are strengthening their own risk expertise.
From in-house and board-level training, to eLearning and company academies, we help organisations support a robust risk culture and a workforce equipped with the knowledge and tools to manage today’s risks
In-house training options
Bespoke - we work with you to develop and deliver bespoke training courses to meet all your objectives We develop the course and reference materials which can be delivered on a rolling basis or as a unique event, depending on your requirements
Tailored – one of our courses already meets the majority of your needs, but requires specific tailoring for a particular group of employees or client base to ensure a perfect fit
Standard – your requirements are already met by one of our courses, but you would prefer the course to be run in-house for a number of people
Benefits
Consultation – we spend time with you to identify and assess your specific training requirements This time with you ensures we develop a course that meets all of your objectives.
IRM Approved Trainers – all our trainers are experts in their field, have a wealth of practical experience and are IRM members
Cost effective – we can often charge a lower delegate rate, particularly if we deliver the course at your premises You will also save on the time and cost of delegate travel
Flexible – we work with you to ensure courses are structured and delivered to meet your organisation’s culture and work priorities
“800 middle to senior managers in the company have benefited from IRM’s risk management training program, Petrom Risk Academy IRM understood our company ’ s needs and identified improvement areas, tailoring the training program to focus on key risk drivers in the business and provide the necessary tools for managing risks ”
CRO / Head of Group Risk Management, OMV Petrom
For more information, please visit:
https://www theirm org/training/inhouse-training/
Accreditation
We work with employers to formally accredit their in-house training programmes. Accredited courses may either be classroom/workshop based or e-learning They can be of any length and delivered anywhere in the world. They must be directly relevant to the training needs of risk professionals or others needing risk management training
Accreditation
The benefits of IRM course accreditation Accreditation brings together the value of our brand and your organisation's own knowledge and skills to create effective, validated training IRM accreditation:
Indicates your course meets the high standards associated with the IRM brand
Earns CPD recognition
Retains your flexibility to tailor and update your course as required Provides delegates with an IRM certificate
For full details of our accreditation guidelines, fees and how to apply, please visit:
https://www.theirm.org/training/cours e-accreditation/
For more information, please visit: https://www theirm org/training/
Why risk it?
Get qualified Supercharge your career with an IRM Qualification
International Certificate in Enterprise Risk Management
(OFQUAL Level 5 Regulated as of September 2023)
Digital Risk Management Certificate
International Certificate in Financial Services Risk Management
(OFQUAL Level 5 Regulated as of September 2023)
International Diploma in Risk Management
