Risk Management Training in Delft

Course goal: To ensure that an individual has the core understanding of GRC processes and capabilities, and the skills to integrate governance, performance management, risk management, internal control, and compliance activities. Overview:

• GRC Basic terms and definitions
• Principles of GRC
• Core components, practices and activities
• Relationship of GRC to other disciplines

 

Overview Across the globe regulators are increasingly linking the amount of risk taken by a bank to the amount of capital it is required to hold and banks and financial services are increasingly being managed on risk-based management practices. The banks, their products, the regulations and the global market are becoming increasingly complex, driving ever greater challenges in effective risk management. A key lesson of the banking crisis of the last five years is that risks are highly integrated and to manage them efficiently banks have to understand these interactions. Key features include:

• the explanation of the current risk-based regulations
• detailed review of the major risks faced by banks
• industry best practices for adopting an enterprise approach to integrating risk management across an entire organisation
• using governance techniques to build a group wide culture to ensure everyone takes an active role in managing risks in line with the banks strategic objectives
• what challenges could be faced by risk managers in the future.

The course will make extensive use of case studies designed to explore, examine and reinforce the concepts and ideas covered over the five days. Historical events at banks will be used throughout the course to highlight how they have failed to manage their risks and actions that could have been taken to prevent loss. Objectives The objective of this course is to help bank management deliver an appropriate integrated strategy for managing the complex and changing risks and regulations in today’s international banking environment. Specifically this course aims to give senior level management an understanding of:

• major risk within the financial industry and the major international risk regulations
• how to manage a bank’s assets and liabilities whilst maximising return
• the interaction between risk types and how banks use an integrated approach for their management
• corporate governance and the best practice approaches to managing the diverse interests of the stakeholders
• how to develop a culture of risk governance as a tool for minimising unnecessary risk taking

Who should attend this seminar This course is intended those who are new to integrated risk management, senior management responsible strategic risk management, or those who wish to further their understanding of enterprise risk management. It will be of use to:

• Board level bank management
• Senior managers
• Senior risk managers and analysts
• Senior directors and risk managers responsible for strategic risk management
• Internal auditors
• Regulatory and compliance personnel
• Treasury professionals
• Asset and liability managers and analysts
• Regulators and supervisory professionals
• Suppliers and consultants to banks and the risk management industry
• Corporate governance and risk governance managers.

This course is aimed at Project Managers and those interested in Risk Management within Projects.

Audience:

• Specialists Looking to Transition to Broader Management or Senior Roles.
• New or Aspiring Managers.
• Established Managers looking to further develop their risk skills.

.Overview: This course will bring the candidates from first principles into the various approaches and techniques used across a variety of industries. The course covers both qualitative and quantitative approaches and demonstrates how the two approaches can be effectively combined. Following an exploration of key definitions and terminology, the course then looks at effective application. Using real life examples, candidates are encouraged to give and receive criticism from their colleagues. As confidence builds the course then focusses on many of the risk management issues within candidates own sphere of industry and culminates in an improvement report, pertinent to their own working environment.   By the end of this training, participants will be able to:

• Understand how humans naturally manage risk
• Use their understanding to build effective risk management tools and techniques.
• Develop and implement an effective risk management technique.

Format of the Course:

• Highly interactive lecture and discussion.
• Lots of exercises and practice.
• Scenario based presentations, briefings and feedback sessions.

Audience:

• All Management Roles
• New Safety Managers or Risk Post Holders
• Risk & Safety Managers looking to elevate their risk & safety management skills.

Overview: The ability to measure and manage the complexities of risk is not encapsulated in one singular technique or philosophy. In advanced risk management, the ability to adapt and adopt an appropriate approach is the key to enhancing your organisation’s resilience. The course programme introduces the concept of hybrid risk management where quantitative and qualitative approaches overlap and supplement each other. The ability of your risk management system to adapt is key when dealing with dynamic and complex risks. The analysis of multiple case studies from a broad selection of industries demonstrates how fundamental weakness in safety systems can be tracked to an overly dogmatic adherence to one system of risk management. The management of complex systems requires a very different mindset to the management of process based and simple systems. Utilising the candidates personal experience, the course will give all participants the ability to learn from others experience from their own and other industries. By the end of this training, participants will be able to:

• Understand the principles of managing complex systems.
• Identify appropriate strategies to mitigate the impact of emergent risks.
• Develop techniques to utilise a broad selection of risk management techniques.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• Specialists Looking to Transition to Senior Management Roles.
• Senior Managers or Post Holders
• Established Managers looking to further develop their risk management skills.

Overview: This course will bring the candidates from first principles of governance, risk and compliance into the various approaches and techniques used across a variety of high residual-risk industries. The programme begins with an overview of some of the principles and definitions of GRC. The course then introduces the main pillars of the GRC model; learn, align, perform and review. The course explains some of the principles of the Sarbanes-Oxley Act (SOX), which underpin the GRC approach. Following an exploration of key models and terminology, the course then looks at effective application. Using real life examples, candidates are encouraged to give and receive analysis from their colleagues throughout the course. As confidence builds the course then focusses on many of the risk and compliance issues within candidates own sphere of industry and culminates in an improvement report, relevant to their own industry. By the end of this training, participants will be able to:

• Understand the basic model of GRC.
• Apply their understanding of the GRC approach to real life aspects.
• Understand the causal issues where organisations have failed to adopt GRC principles.
• Develop and implement effective GRC techniques within their industry.

Format of the Course:

• Highly interactive lecture and discussion.
• Lots of exercises and practice.
• Scenario based presentations, briefings and feedback sessions.

Audience:

• C-Suite/Board Level executive risk holders
• Specialists Looking to Transition to Senior Risk Management Roles.
• Senior Safety Managers or Risk Post Holders
• Established Managers looking to develop their risk & safety management skills.

Overview: This unique course uses the very latest evidence based research in risk and safety management. Based on the ground-breaking research of Prof Tim Kelly, a prominent academic and major contributor to the Haddon-Cave Review of military safety culture, the course builds on decades of experience within substantial and safety critical projects. The course is delivered by global experts in the field with extensive in-depth experience of safety case application in the foremost safety critical industries. Candidates are given a sound theoretical foundation illustrated with many real-world examples. A structured and evidence-based approach builds the candidate’s confidence and subject knowledge. The course culminates with groups, building their own safety case solutions to real world problems. By the end of this training, participants will be able to:

• Understand the basic principles of safety cases.
• Apply their understanding of safety cases to real life safety and risk problems.
• Develop and implement effective safety case techniques for their industry.

Format of the Course:

• Highly interactive lecture and discussion.
• Lots of exercises and practice.
• Scenario based presentations, briefings and feedback sessions.

Audience:

• Those Looking to Transition to Senior Risk Management Roles.
• Senior Safety Managers or Risk Post Holders
• Established Managers looking to elevate their risk & safety management skills.

Overview: This course recognises that the concept of the corporation is under continual scrutiny. Before we try to ascertain how to manage the corporation, we need to explore what it is we are managing. There is international pressure for corporations to explicitly define what is the nature of their organisation such as the UK’s Corporate Governance Code & in the US, the Business Roundtable’s new statement which forces board members and senior leadership to re-consider corporate structure, policy and culture. The popularisation of penalising corporations is explored, and various strategies are considered. The course considers the rise in corporate vulnerability to criminal as well as civil liability and looks to cultural management strategy as a potential mitigation. By the end of this training, participants will be able to:

• Understand contemporary issues in corporate governance.
• Explore strategies to mitigate the impact of penal populism against the corporate body.
• Identify short comings within their own corporate governance approach.

Format of the Course:

• Highly qualified lecturers and lots of facilitated discussion.
• Scenario based presentations, briefings and feedback sessions.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles, especially:
• New Safety Managers or Risk Post Holders
• Prospective Managers looking to elevate their risk & safety management skills.
• Line operators involved in safety management workshops

Overview: The course introduces the foundations of successful safety management beginning with why safety management became a discrete and specialised discipline. The course looks at some of the established terminology used in contemporary and dispels some of the established myths of safety management. Accident causation is reviewed utilising multiple case studies from a broad selection of industries including aviation, petrochemical production, nuclear, shipping, finance, health care, construction and rail. The course introduces the candidates to the concept of socio-technical systems and the implications for safety management systems within complexity. The advent of new technologies such as AI, big data, genetics, IoT and autonomous systems has particular implications for how we manage risks. This course aims to address emerging and future risks to high residual-risk operating environments. By the end of this training, participants will be able to:

• Understand the foundations of safety management systems.
• Identify strategies to mitigate the impact of new and developing technologies.
• Develop the basic structure of their own safety management system.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles
• Accountable Managers, Safety or Risk Post Holders
• Prospective Managers looking to elevate their risk & safety management skills.

Overview: The course introduces the discrete elements of a modern risk management process through the development of a Safety Management System (SMS). The course demonstrates how they can be used to manage risk within modern socio-technical systems. The establishment of an effective SMS is an increasingly popular methodology for the management of risk in complex and safety critical systems. The course will give candidates the ability of building and adapting safety and risk systems within their own area of expertise. The concept of SMS is not new but is increasingly being applied by regulation to more high-performance industries and accreditation schemes. The course uses high residual-risk industry SMS frameworks as benchmarks. The principles are explored by consultant practitioners using a combination of theory and extensive practical experience. The boundaries between other management systems, such as Quality and Environmental, will be discussed. By the end of this training, participants will be able to:

• Understand the foundations of safety management systems.
• Identify strategies to mitigate the impact of new and developing technologies by applying SMS principles.
• Develop the structure of their own Safety & Risk Management System against a benchmark.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles, especially:
• New Safety Managers or Risk Post Holders
• Prospective Managers looking to elevate their risk & safety management skills.
• Line operators involved in safety management workshops that will use the Bowtie method.

Overview: The course introduces the essentials of the much-adopted Bowtie method of barrier-based risk management. If your organisation is not managing its risks, then those risks are managing the organisation. The foundational step to true risk management is risk understanding. The Bowtie method requires minimal knowledge of safety theory, being visually based and sequencing left-to-right across the page. Bowtie is an excellent method to gain best engagement and hence risk knowledge from front-line practitioners and operators. This course will also show where Bowtie risk knowledge can be used within the Risk Management aspects of an SMS. This encourages front-line practitioners and operators as they can easily see how their often-overlooked operating knowledge can be used to improve their companies’ products and services. By the end of this training, participants will be able to:

• Understand the foundations of safety management systems.
• Identify strategies to mitigate the impact of new and developing technologies.
• Develop the basic structure of their own safety management system.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles
• New Safety Managers or Risk Post Holders
• Prospective Managers looking to elevate their risk & safety management skills.

Overview: One of the most common pitfalls when using the Bowtie method is to see them as ‘simple’ and hence believe it easy to establish an enterprise-wide Bowtie architecture. This course aims to assist safety managers and those involved with behind-the-scenes safety activity to better establish Bowtie architectures to leverage maximum use of front-line employee knowledge. This course is delivered by Bowtie practitioners who have advised clients across multiple high residual-risk industries. Real-life examples and top-tips will be used to illustrate topics such as: Hazard and Top-Event frameworks; Chaining Bowties across the Enterprise; and, Maximum use of Bowtie information within an SMS. By the end of this training, participants will be able to:

• Supercharge use of Bowties to manage risk within their enterprise.
• Avoid common pitfalls when setting Enterprise level Bowtie risk management architectures.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles.
• Accountable Managers, Safety or Risk Post Holders.
• Experienced Managers looking to elevate their risk & safety management skills.

Overview: This course explores the primary influences on safety, risk and potential corporate liability. All three areas warrant particular study as all are undergoing considerable change as we head into the twenty-first century. The course adopts a ‘systems thinking’ approach as a method to manage complex systems. The current global pandemic has accelerated change in many areas of corporate strategy and this course aims to dilute some of the main themes within contemporary management thinking. We consider how to effectively mitigate some of the emergent threats which from the onset of digitalisation within our society. The course has a number of high-profile case studies from various industries which are analysed and discussed collectively and presented from various perspectives by the candidates. Cultural assessment techniques will be explored and applied to real world data. Candidates will experience mock cross examination by the presenters, to give then some appreciation of what the various legal systems look for when assessing corporate liability when risk mitigation has failed. The course provides the candidates with the confidence to directly engage with risk-based decisions within a complex operating environment. By the end of this training, participants will be able to:

• Understand the foundations of corporate criminal liability.
• Understand the nature of complex systems and how to manage within them.
• Identify strategies to mitigate the impact of new technologies on risk strategies.
• Enhance the resilience of their risk management system.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and case study analysis.
• Break out scenario workshops and group presentation.