Workshop Overview
Getting Started with BS31100 is a practical interactive course to provide a one-day, introductory training session for risk managers and executives involved in risk management issues.
Taught by practising risk management professionals, with day-to-day experience and extensive knowledge of risk methodologies, the course participants will receive practical and interactive training on the BS31100 standard as well as its issues and challenges around its compliance.
In addition to reviewing the content of the BS31100 standard and how to achieve compliance, the course will also look closely at the Risk Management process including risk governance, strategy and appetite and how these apply to organisations. All participants will receive a copy of the standard as part of the course material.
About the BS31100 standard:
The British Standard 31100 – Code of Practice for Risk Management was launched in October 2008. Its objectives are to provide guidance on risk management best practice to companies of all sizes and from all industries. BS31100 is the basis for the proposed international risk management standard, ISO 31000.
BS31100 is designed to provide a basis for understanding, developing, implementing and maintaining risk management within any organisation in order to enhance an organisation’s ability to achieve its objectives.
This British Standard establishes the principles and terminology for risk management and gives recommendations for the model, framework, process and implementation of risk.
Course Outline:
Introduction: Risk Management Concept and Objectives
BS 31100: Content and Context:
Genesis of the standard
Structure of the standard: Risk Management Framework - Risk Management Process
Risk Management Framework:
Risk governance: integrating risk management in the organisation
Risk strategy: strategic priorities of Risk Management
Risk appetite: how hungry are you?
Roles and responsibilities: organisation structure and reporting lines of the risk functions
Creating a risk culture
Risk Management Process and Tools:
Risk identification & assessment
Probability/impact: workout
Risk Response
Internal controls and residual risks workout
Wrap-up: lessons to take home
Benefits of attending:
For organisations:
Improved organisational risk management skills and capabilities
Opportunity to gain a competitive advantage by leveraging the latest risk
management processes and practices
Broaden the range and number of risk management tools available
For individuals:
Develop in-depth knowledge and understanding of the latest risk management best practices.
Develop in-depth knowledge of the latest Risk Management standard
Opportunity to work through specific risk issues supported by risk experts
Network with peers facing similar issues and challenges
The presenter:
Ariane Chapelle is an international consultant in risk management. She provides specialised consulting services in Operational Risk Management and Private Banking for several large Financial Institutions, along with executive training in all areas of Risk Management, Asset Management and Financial Regulation. She has shared her career between the academic world and the financial industry where she held responsibilities successively in Internal Audit, Credit Risk and Operational Risk Management.
Ariane is tenured associate professor of Finance at the Solvay Business School (Belgium) and Class Tutor of the Masters in Finance at London Business School (UK). She holds a PhD in Economics, a Master in Econometrics and a Master in Management Science from the University of Brussels (ULB). She has published a book on Operational Risk and written several scientific articles on Risk Management. Ariane is a member of the BSI (British Standard Institute), the GARP (Global Association of Risk Professionals) and the IOR (Institute of Operational Risk).
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