Course Overview

Whether you’re advising business leaders, evaluating a company’s financial stability, managing a department, or overseeing an entire organization, grasping the essence of success involves aligning strategic decisions with risk and opportunity.

Risk management practices enables you to understand the risks a business faces and provides a framework to ensure that they can be managed or mitigated. The adage of “know your business” is now truer than ever. At its core, knowing your business is about knowing what the risks are, why you are taking them and how they are mitigated.

The “Risk Management Essentials Workshop” is designed to provide participants with a comprehensive understanding of the core principles, methodologies, and practices of effective risk management. Through a combination of interactive sessions, case studies, and practical exercises, participants will gain the knowledge and skills necessary to identify, assess, mitigate, and monitor risks within their organizations.

Key Benefits for Participants

Understanding of fundamental risk management concepts and terminology. By the end of the workshop, participants will be able to explain the key principles and concepts of risk management, including the definition of risk, its significance in organizational contexts, and the components of an effective risk management framework.

  • Understanding of fundamental risk management concepts and terminology. By the end of the workshop, participants will be able to explain the key principles and concepts of risk management, including the definition of risk, its significance in organizational contexts, and the components of an effective risk management framework.
  • Identify, assess, and prioritize risks effectively. Participants will acquire the skills to identify different types of risks, assess their likelihood and impact, and prioritize them based on their potential effect on organizational objectives.
  • Developing risk mitigation plans and monitoring risk over time. Learn how to apply various techniques for risk assessment and use these insights to inform risk management decisions. At the end of the workshop, participants will be able to design and develop risk mitigation strategies using a range of risk response options such as avoidance, acceptance, mitigation, and transfer. They will understand how to create actionable risk mitigation plans that align with the organization’s objectives.
  • Integrate risk management practices into the organization’s culture and operations. Participants will gain insights into embedding risk management practices within the organizational culture and processes. They will be able to discuss the importance of ongoing risk monitoring, reporting, and communication, and explore strategies for integrating risk management considerations into strategic planning and decision-making.

Profile of participants

The target audience for a course about effective risk would encompass a diverse range of individuals and professionals who have a vested interest in understanding and applying risk management principles. This would include:

  • Finance Professionals: Risk management is particularly relevant for professionals in the finance industry, such as investment analysts, financial advisors, portfolio managers, and risk analysts.
  • Business Managers and Executives: Business leaders who make strategic decisions need a strong grasp of risk management to ensure that their decisions are informed, aligned with the organization’s goals, and consider potential risks.
  • Compliance Personnel: Individuals involved in compliance, legal, and regulatory affairs need to understand risk management to ensure that their organizations adhere to regulations and manage legal and compliance risks effectively.
  • Internal Auditors: Professionals responsible for internal audit functions can enhance their ability to assess and advise on the effectiveness of risk management processes within an organization.
  • Consultants and Advisors: Professionals offering consulting services or advisory roles related to risk management would find this course valuable in providing comprehensive guidance to their clients.
  • Entrepreneurs and Small Business Owners: Risk management is essential for entrepreneurs and small business owners to ensure the longevity and success of their ventures.

How to Enrol to this Workshop?

Registration form available soon.

Note that this workshop will be MQA Approved and HRDC Refundable (Condition applies)

Limited Seats

Course Fee : Rs 35000

For more information, please contact Calvin Mungroo by sending an email on calvin.mungroo@mcbif.mu

About the Facilitator

Chris Wyman, CPA, CIA

Chris is a Finance Professional with more than 15 years of working experience in this sector. He is currently the President of Pathfinder Business Consulting and Training. Throughout his career he worn several hats namely as the Vice President, Learning and development at MDA Training where he worked with corporate clients to design and deliver customised learning solutions in banking, insurance, asset management & service industries. He was an Associate at the Corporate Finance Institute, one of the leading e-learning platform providing courses in Banking & Finance. Previously Chris also held the role of Director of Internal Audit at a Canadian financial institution.  His experience spans across corporate governance, risk and compliance. He also has operational experience in commercial, private and retail banking.

Chris has a Bachelor of Arts in Economics from Acadia University, Nova Scotia – Canada. He is also a Chartered Professional Accountant CPA (CMA), a Certified Internal Auditor (CIA) and Certified Risk Management Assurance (CRMA) professional. He is accredited Trainer by the Institute of Internal Auditors and have instructed courses throughout North America.

Specialties: Workshop facilitation and corporate training in the areas of business and finance strategy, risk management and governance.

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