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Assessing Operational Risk Maturity - OAR125WEB
Enterprise Risk Management can improve resource allocation, minimize surprises, align risk appetite and strategy, improve decision-making, and help seize opportunities. However, for many organizations these benefits remain elusive and they fail to achieve greater maturity. This webinar covers key indicators and actions that characterize a mature risk program and how to assess the organization’s operational risk maturity level, and action plans to move the organization higher in a maturity scale.
Who Should Attend
Internal auditors, managers, compliance, regulators, and risk management professionals.
What You’ll Learn
You will learn practical tips, tools, and techniques to help your organization increase its risk maturity level.
1. Risk Maturity Levels
- Using a multi-stage model to identify operational maturity levels
- Characteristics of organizations at different levels
- Key attributes and indicators of organizational readiness
2. Roles, Responsibilities and Benefits
- What is expected of the board of directors, senior management, middle management and employees
- Benefits to the organization in the short, medium and long terms
- What to look for, how it is evidenced and how to support management’s efforts
- How risk maturity relates to process management
3. Risk Intelligence
- Identifying the characteristics of a risk intelligent organization
- Key steps for a sustainable model that yields benefits now and, in the future,
- Linkages between risk maturity and the achievement of organizational objectives, financial strength and business effectiveness
Why You Should Attend
You should attend because identifying, assessing, and examining the organization’s risk responses, and helping the organization increase its capacity to handle risk, are an integral part of internal auditors’ responsibilities.
MIS Training Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.