Practical ideas: Make risk training competency based

Just like any other business expense, a risk management training budget needs to be justified. And just like any investment decision, risk management training needs to show adequate return on investment. Training costs money: the development process, hiring trainers and getting employees to dedicate time away from their workplace to participate in training. One useful… Continue reading Practical ideas: Make risk training competency based

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Practical ideas: Conduct training for “risk-champions”

Provide additional risk management training to the in-house risk management team and business units responsible for internal control, audit, finance, strategy and others. Risk managers may conduct it personally or outsource to third party providers. In-depth risk management training should include (this example is based on the actual risk management training provided by Institute for… Continue reading Practical ideas: Conduct training for “risk-champions”

Practical ideas: Conduct training for senior management and the Board

Tone at the top is very important for risk culture development. Executives and Board members play a vital role in driving the risk management agenda. Nowadays many executives and Board members have a basic understanding of risk management. Auditors, risk management professional associations and regulators have been quite influential in shaping the Board’s perception of… Continue reading Practical ideas: Conduct training for senior management and the Board

Practical ideas: Include the principles of risk-based decision-making in induction training for new employees

New hires come from a variety of education and experience backgrounds and most importantly, each new employee has their own perception of what is an acceptable risk. It is important for risk managers to cooperate with the Human Resources department or any other business unit responsible for training, to jointly carry out training on the… Continue reading Practical ideas: Include the principles of risk-based decision-making in induction training for new employees

Why do accountants and other professionals need better risk management competencies?

My original article posted at http://theaccountant.org.mt/why-do-accountants-and-other-professionals-need-better-risk-management-competencies Risk management competencies can significantly improve decision making in any profession. The bad news is that these competencies do not come to us naturally. They have to be developed. Even if you do not operate in a high risk, uncertain environment one should consider the extensive research, into what is… Continue reading Why do accountants and other professionals need better risk management competencies?

More than 3000 people downloaded the free risk management guide

We are very proud and grateful that more than 3000 have already downloaded the free risk management guide available on the RISK-ACADEMY website: https://www.risk-academy.ru/en/download/risk-management-book/ Another great news, our guide is now available on the International Federation of Accountants (IFAC) webiste under the RMIC resources: http://www.ifac.org/global-knowledge-gateway/risk-management-internal-control Big thank you to Vincent Tophoff. – – – – – – –… Continue reading More than 3000 people downloaded the free risk management guide

Our free risk management book has been downloaded 2000+ times

With more than 2000 downloads in less than 3 weeks and a lot of possitive feedback, I hope you enjoy the free risk management book: www.risk-academy.ru/en/download/risk-management-book or read it online on our website without the need to login: www.risk-academy.ru/en/introduction Here are some of the key takeaways from the book: Risk management is not just about tools and techniques;… Continue reading Our free risk management book has been downloaded 2000+ times

16 best risk management books (updated in 2019)

I first created this article back in 2017 and as I came across more and more powerful risk management books, it is time to expand the list and group the books by subject. For consistency sake I grouped all the books into three groups: foundation in risk management and decision making advanced risk analysis other… Continue reading 16 best risk management books (updated in 2019)