Financial Crime World

Compliance Risk Management in Saint Pierre and Miquelon: A Must-Have Training

In today’s fast-paced business environment, managing risk has become a crucial aspect of managerial responsibility. Identifying the right risks to take and minimizing their potential negative impact is key to success. The Compliance Risk Management training course aims to equip participants with the knowledge and skills necessary to navigate this challenging landscape.

Understanding Risk Management in Saint Pierre and Miquelon

The three-day training program is structured around the ISO 31000:2018 framework, principles, and processes. Participants will gain a comprehensive understanding of risk management concepts, including:

  • Risk identification
  • Analysis
  • Evaluation
  • Treatment
  • Monitoring
  • Control

Objectives

By completing this training program, participants will be able to:

  • Understand the principles and application of risk management within an organization
  • Identify, evaluate, and control risks in strategy and operations
  • Design and implement effective risk management processes
  • Ensure compliance with rising standards of corporate governance
  • Communicate effectively the characteristics of risk management to teams

Training Methodology

The training course will employ a range of advanced learning techniques, including:

  • Group discussions
  • Facilitated case studies
  • Presentations
  • Team-based exercises

Case examples from real-world situations will be used to illustrate key concepts.

Organizational Impact

By sending delegates to this training program, organizations can expect to gain:

  • Realistic perspectives on business prospects
  • Risk-adjusted evaluations of development opportunities
  • Improved feasibility analysis of proposed new projects
  • Enhanced performance in strategic and operational management

Personal Impact

Individual participants will enhance their skills in:

  • Incorporating risk analysis into all decisions
  • Keeping projects under control against objectives and outcomes
  • Applying risk-adjusted calculations of business potential
  • Reducing the failure rate of high-risk projects
  • Contributing to continuous improvement of risk, control, and compliance processes

Who Should Attend?

This training program is designed for a wide range of managers responsible for evaluating issues that affect decisions on risk and keeping control of increasingly complex businesses. Ideal attendees include:

  • Strategic and Operational Planners
  • Financial Managers
  • Human Resource Specialists
  • Systems and Process Design Specialists
  • Marketing and Commercial Managers

Course Outline

Day 1: Understanding Risk Management - Context and Application

  • Creating a Robust Strategy - The Foundation of Your Business
  • Understanding the Difference between Strategic and Operational Risk
  • Risk and Uncertainty: The Difference between the Two Terms
  • Risk Aversion and Risk Tolerance - Project Selection and Prioritization
  • Using Quantitative and Qualitative Techniques in Assessing Risk

Day 2: Identifying and Evaluating Risk

  • The Principal Drivers of Risk in Contemporary Business
  • Assessing Most Significant Categories of Risk for Business
  • Global Processes, Guidelines, and Standards in Risk Assessment
  • Application of the Main Tools and Techniques in Managing Risk and Uncertainty
  • Optimizing a Risk Management Process

Day 3: Understanding and Managing Specific Types of Risk (I)

  • Strategic Risk - Deciding on the Program/Project Mix
  • Incorporating Risk Analysis into Business Development Decisions
  • Managing Risk Associated with Alliances and Joint Ventures
  • Managing Risk Associated with Intellectual Property Law

Day 4: Understanding and Managing Specific Types of Risk (II)

  • Financial Risk - Capital Market Dynamics, Exchange Rate Exposure
  • Risks Associated with Different Forms of Corporate Capital Structure
  • Risks Associated with Management of Cash Flow/Credit
  • Legal Risk - The Requirements of Corporate Governance
  • Product Liability/Litigation/Reputational Risk

Day 5: Embedding Risk Management into the Corporate Culture

  • Latest Developments in the Field of Risk Management
  • A Structured Approach to Implementing Risk Management
  • Designing/Developing a Risk Management Process for Your Own Organization
  • Implementing and Embedding a Risk Management Culture in Your Organization