How To Practically Prepare Risk Registers

Hello

Welcome to 'How To Practically Prepare Risk Register' Course.

• Are you working in Compliance, Operational Risk Management, Compliance Risk Management, Data Security Risk Management, Cybersecurity Risk Management, IT, Finance, or Audit functions?

• Are you working as a 'Risk Consultant' in the domains of Compliance and Risk Management, helping clients prepare their Risk Registers? Or

• Are you a Company Owner or a Businessman, or an Entrepreneur who wants to know the process of documenting risks and controls in a Risk Register Format, OR do you want your employees to know the process of documenting risks and controls?

Then this course is for you.

This course is suitable for those students and professionals who have basic-level knowledge of Risk Registers, and they want to learn the 'Concepts and Philosophy' behind preparing Risk Registers.

Remember that 'Preparation of Risk Registers' is an ongoing process in institutions and organizations where a dedicated team is hired to perform risk assessment and prepare risk registers for different departments and/or processes.

COURSE OVERVIEW

Risk registers help organizations and institutions to know, document, assess, and prioritize risks, based on a formal 'Risk Assessment Methodology and Matrix'.  In this course, you will learn about it in detail. 

In this course, you will learn various Risk Management concepts as well in addition to knowing in detail about the Risk Register. You will learn concepts such as Risks, Risk Types, Risk Identification, Risk Assessment, Application of Risk Assessment Methodology and Risk Matrix, Risk Levels, Risk-Prioritization, Inherent Assessments, Controls Mapping and Residual Risk Assessment, Developing Risk Register, etc.

COURSE TOPICS

Understanding Concepts of Risk, Types of Risks, Loss Events, etc

• Risk, Risk Incidents, Loss Events, and Adverse Impact

• Strategic and Process Level Risks and Controls with Examples

• Types of Enterprise Risks

• Concepts of Integration of Risks with Examples

• Significant and Insignificant Risks and Examples

• Categories of Risks and Inherent and Residual Risks

Risk Register Preparation

• Concept of 'Departments and Functions' in Risk Register Preparation

• Steps to Prepare Risk Register

• Examples - Risk Register Preparation - Practical Steps

• Understanding Risk Register 'Format, Its Components and Template'

• Example - Cyber Attack Risks and Risk Assessment documentation in Risk Register

• Key and Non-Key Risks Marking in Risk Register

  
  

Risk Levels, Risk Assessment Methodology Matrix, and Its Application

• Understanding Risk Assessment Methodology Matrix - 5 by 5 Matrix

• Application of '5 by 5 Risk Assessment Matrix' - Taking a 'Critical Risk' as an Example

• Calculating 'Inherent' and 'Residual' Risks Scores and Ratings

• Reflecting Inherent and Residual Risk Scores and Levels in Risk Register

  
  

Practical Case Studies and Quiz

• Case Study - Cyber Security Function Risk Register Preparation

• Case Study - Understanding Steps involved in preparing 'Finance Department' Risk Register - Discussing Financial Risks, Applying Risk Matrix, Performing Risk Assessment, Calculating Risk Scores and Risk Levels, and Preparing Risk Register.

• Case Study - Performing Compliance Risk Assessment in an E-Commerce Company and understanding how a  Compliance Officer develops a 'Compliance Risk Register' for the particular process risks.

  
  

  Quiz - ERM and Risk Register Preparation Test

Downloadable Resources

- By attending this course, you will be able to download the Risk Assessment Methodology, 5 by 5 Matrix, and Risk Levels Files

Other Benefits of attending this course?

After attending this course, you will be able to:

- Understand and apply concepts of Risk Assessment and Risk Management

- Prepare Risk Registers for your company or department

- Confidently communicate with Risk Management professionals and consultants

- Apply for Enterprise Risk Management (ERM) jobs that require the preparation of risk registers or perform risk assessment

- Get a certificate of course completion

- Pursue a career progression in Risk Management or Enterprise Risk Management, etc.

Who is this course for:

• Enterprise Risk Management ERM and Compliance Professionals

• Information System IS Security, IS Audit, IT Professionals

• Business, Compliance, and Risk Management Consultants

• Operational Risk Managers, Compliance Risk Managers, Cybersecurity Risk Managers

• Finance, Audit, and Controls Professionals

• Business owners, Chief Executive Officers (CEO), Entrepreneurs, and Executives,

• Compliance, Finance, and Risk Management Students, such as CISA, CA, ACCA, CISM, CAMS, FRM, MBA, BBA, etc.

• Anyone who wants to learn the Risk Management and Risk Registers