Recognizing and Managing Strategic Risks

Duration: 60 Minutes
This webinar explores the components of strategic risk. Developing a common understanding and definition of strategic risk helps the participant form a comprehensive base upon which meaningful review and interaction with senior management can occur. The session introduces a new way of looking at organizational strategic risk so that Boards of Directors, Senior Managers and other organizational leaders will develop and demonstrate thoughtful process behind strategic decision making.
Strategic Risk Management
Instructor: Daniel Clark
Product ID: 508259
Objectives of the Presentation
  • Define "Strategic" Risk
  • Recognize indicators that help management and Board of Directors oversee strategic decisioning
  • Learn new approaches to understand strategic risk management
  • Link data and data tools like ACL Analytics and GRC, to strategic risk monitoring
  • Gain an understanding of why regulators and stakeholders are more focused on strategic risk management
  • Discover ways to design monitoring and reporting processes that deliver value
Why Should you Attend
Have you ever wanted to understand more about strategic risk? Do you want to achieve the coveted "Trusted Advisor" role with your management team? Then this session, designed to clear away the confusion linked to definitions and management of strategic risks, is a must. During the hour presentation participants will discover a practical way to understand strategic risk. Then building on that understanding learns techniques on how to monitor report and educate stakeholders on strategic risk management. Integration of data analytics and GRC provide strong support for gaining an understanding of strategic risks, monitoring aspects of those risks, and reporting to stakeholders. This session is targeted to those who want to leverage data and risk tools to new levels of influence and organizational contribution.

Areas Covered
  • Defining "Strategic Risk"
  • New dimensions on understanding strategic risk life cycle
  • Developing KPI and KRI
  • Developing monitoring processes
  • Risk events triggering management process
  • Regulator focus on strategic risk for financial institutions
  • Review steps for analyzing strategic risks
  • Tips for risk recognition
Who will Benefit
  • Risk Managers
  • Auditors
  • Senior managers
  • Members of Boards of Directors
  • Risk Management staff
  • Audit staff
  • Quality control staff and leaders
Topic Background
Stakeholders, especially financial service regulators are extremely focused on strategic risk management. Rightfully as this is one of the hardest risk areas to define, to audit, to even understand. The strategic risk decisions impact all other risk areas in an organization, the ability to understand and confirm strength in strategic risk management is imperative for success.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Daniel Clark has over 25 years of experience in risk management and auditing. He has served in many senior auditing/risk roles culminating as chief auditor for midsize and large regional and global financial organizations. Mr. Clark has in-depth knowledge on how to integrate diverse processes into a seamless risk based audit approach that keeps audit on the cutting edge of development and value impact. His insights into the audit and risk world translate into meaningful guidance through a communication style that is fun, animated, and very participative. Mr. Clark has trained auditors and other business leaders for over five years.
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