[Executive Education, Inc. - Seminars for Corporate Financial Managers & Management Advisory Services]

[New!]Full Day Seminar

Risk Analysis and Management

What Every Fiancial Manager Must Know

In this turbulent world, risk management responsibility has fallen squarely on the shoulders of financial managers.  Audit committees and external auditors are asking questions they have never asked before.  We had better be prepared to give them answers!  Get insights about Enterprise Risk Management (ERM) and what our professional standards say every company must do.

Topics Discussed:

  • Defining and Categorizing Business Risk
    • What is “risk”?
    • What are the categories of risk?
    • Understand the COSO ERM model
  • Operational Risk Assessment and Mitigation
    • Understand risk control processes
    • Receive an update on SOX risk management
    • Understand the financial manager’s role
  • Strategic Risk Assessment and Mitigation
    • Understand five risk management tools:
      • The risk cascade model
      • The heat map
      • Scenario planning
      • Tail risk meetings
      • War gaming
  • Ethical Risk-Taking
    • How does the concept of ethics integrate with the concept of risk?  What are the behavioral aspects of risk assessment that may lead us down an unethical path?
    • What criteria should we use to determine how much risk we can sleep with at night?
    • Understand factors that distort our perceptions in framing risk and making risk decisions

Cases and Group Discussion

This seminar will include at least five interactive exercises as a vehicle for group discussion.

Additional Information

Target Audience: Upper level financial managers

Level of Knowledge: Intermediate

CPE Credit: 8 hours group live

Area of Study: 6 hours Auditing / 2 Hours Ethics

Prerequisite: None

Adv. Preparation: None

Author: Dan Chenoweth

Acronym: RAM

Scheduling: Schedule with Chief Financial Officer or Only Financial Officer to make a two-day series.