Founder and Managing Director
Business Risk Management Ltd.
- 19 Dec 2021 Online
The turmoil in the world is continuing – with increasing public unrest, the global pandemic, fluctuating oil prices, natural disasters of a scale thought unimaginable, volatile stock markets and world economic uncertainty.
In this time of global uncertainty how do you steer a course through these difficult waters?
The answer is to recognise the only real link between all these events – RISK – and then to try to anticipate, manage and then exploit such risks at an enterprise level.
In many organisations risks have been identified as a result of control failures or as a result of pressure from regulators or Government. The primary intent has often been to tick the box and avoid criticism.
Thankfully many organisations have realised that much more is needed and have developed an Enterprise Risk management (ERM) approach.
This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business.
However, stopping here is like driving a plane on a highway – it might go faster than the cars but it hasn’t reached its full potential.
Advanced ERM goes one step further. Risks are scored based on business materiality with each risk being evaluated and compared by it’s financial, legal, reputational, and regulatory impact, and classified by the effect they could have on the business.
New understandings of risk emerge, and efficient controls can be implemented to tackle what really matters to the business and drive competitive advantage.
In short, the focus becomes strategic value instead of managing costs.
Who Should Attend
- Chief Risk Officers
- Risk Managers
- Managers and Directors responsible for the risk management function or process
- Heads of Internal Audit
- Internal Audit Managers
- Senior Auditors
- Heads of Assurance functions
- Senior Finance professionals
- Senior Project Managers
Benefits of Attending
- Implement appropriate and varied techniques for the identification and assessment of risks
- Generate measurable value by aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations
- Engage the Board in the analysis of enterprise risk scenarios
- Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection
- Clarify ERM accountabilities of all employees from executives to the front line
- Implement Key Risk Indicators (KRIs) for each line of business
- Enhance achievement of corporate objectives by linking performance targets, and risk management actions
- Develop risk appetite statements and apply risk tolerance techniques
Phil Griffiths is founder and CEO of Business Risk Management Ltd, a Chartered Accountant, and an Associate of the Institute of Internal Auditors. He has over 30 years’ experience in Internal Audit, Risk Management, Corporate Governance, and Fraud Prevention as practitioner, professional advisor, facilitator and trainer.
He has held top management positions with four international Groups, in roles embracing Internal Audit, Risk Management, Finance, and Project Management. Phil is regarded as one of the world’s leading experts in Internal Audit and Enterprise Risk Management.
He has extensive experience of the Middle Eastern, European, Asian and African markets having trained professionals from over 1000 organisations in these regions during the past 17 years.
He has developed over 400 training courses on all aspects of Internal Audit, Risk Management, Corporate Governance and Fraud and delivered them across the globe. He is an accomplished author. His book ‘Risk Based Auditing’ is an international best seller and his latest book ‘Enterprise Risk Management – The Key to Business Success’ is receiving much acclaim.
Phil has published research into many aspects of Internal Audit and Risk Management best practice, including ‘The Need to Co-ordinate Assurance Providers’ and ‘The Expectations of Chief Executives towards Internal Audit and its future’.
He is recognised as an accomplished and charismatic facilitator, trainer and lecturer and is in continual demand to speak at the most prestigious events on Risk Management, Corporate Governance, Internal Audit and Fraud.
Pricing excludes 5% VAT, which will be charged where applicable.
Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions and successfully complete the assessment, will receive an Informa Certificate of Completion, in soft copy.