Training Doyens

OVERVIEW Risk is part of life whether you are developing a major new product or planning a family vacation. Most of us intuitively include some basic risks in all our plans but most of us fail to analyse and plan to mitigate risks systematically in all our work. Even more problematic is dealing with unexpected risks. Learn to create mitigation plans for anticipated risks and a plan to deal with the unexpected. Use some simple tools to analyse risks and prioritize the need for planning. Be confident as you avoid unnecessary "firefighting" and manage risk strategically. Risk Management Process WHY SHOULD YOU ATTEND No project or endeavour ever goes off completely as planned. Glitches, whether large or small, can derail your work if you are unprepared. A risk management framework assures a greater chance for minimum impact to schedule, cost, and desired results. Being prepared to deal with unexpected risks allows you to respond not react. AREAS COVERED Contex...

OVERVIEW The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased regulatorcoverage over model risk management in examinations. Additionally, Boards of Directors are taking a more robust interest in how an organization defines and manages model risk. The proliferation of models within an organization also provides a real opportunity for internal audit to provide value. That being said, it is harder than one thinks to understand the full ramifications of model risk and what auditor’s role should really be.  This webinar provides guidance on how auditors can best contribute to mitigation of model risk, whether the organization is a beginner or expert in the use of models. Of the many dynamics involved in model risk, internal audit should not get caught up in areas where they can add little value. This webinar provides auditor’s guidelin...