Day 1: Foundations of Risk Management Integration
Session 1: Embedding Risk Management into Processes
- Principles of integrating risk management into daily operations.
- Aligning risk management with strategic objectives and performance goals.
- Overcoming barriers to integration.
- Activity: Group exercise to map key organizational processes and identify integration points for risk management.
Session 2: Enhancing Tone at the Top
- The role of leadership in shaping risk culture.
- Building trust through transparency and communication.
- Case studies on effective tone at the top.
Session 3: Risk Appetite and Risk Tolerance –
- Defining and communicating risk appetite and tolerance.
- Balancing risk-taking and risk mitigation.
- Aligning risk appetite with organizational decision-making.
- Activity: Workshop—developing a risk appetite statement tailored to organizational goals.
Session 4: Optimizing Risk and Performance –
- Measuring and monitoring risk-adjusted performance.
- Leveraging data analytics and dashboards for informed decision-making.
- Strategies for continuous improvement.
- Activity: Interactive demo—participants design a simple risk-performance dashboard.
Day 2: Culture, Ethics, and Decision-Making
Session 1: Designing a Code of Conduct
- Elements of an effective code of conduct.
- Aligning the code with organizational values and risk culture.
- Best practices for implementation and enforcement.
- Activity: Workshop—participants draft a preliminary code of conduct for their organization.
Session 2: Ethical Decision-Making Models
- Understanding ethical dilemmas in organizational contexts.
- Introduction to structured decision-making models (e.g., PLUS model, Rest’s Four-Component Model).
- Applying ethical principles to complex decisions.
- Activity: Case study—participants use a decision-making model to resolve a hypothetical ethical dilemma.
Session 3: Embedding Ethics into Risk Management –
- Linking ethical behaviour to risk mitigation.
- Role of training and reinforcement in maintaining ethical standards.
- Monitoring and reporting on ethical risks.
- Activity: Brainstorm session—participants identify opportunities for embedding ethics into their risk frameworks.
Session 4: Integrating Insights into Organizational Processes –
- Combining risk management, ethics, and performance optimization into a cohesive framework.
- Role of leadership in sustaining integration efforts.
- Developing a roadmap for long-term success.
- Activity: Group exercise—participants collaborate to create an integrated framework for their organization.
Session 5: Wrap-Up and Commitment to Action
- Recap of key concepts from the course.
- Sharing of participant action plans.
- Feedback and Q&A session.
