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Seb Anthony

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Risk Management Training Needed – Control Self Assessment etc

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Looking for some ideas around Risk Management Training for 1st and 2nd tier managers. We have in place the fairly common Control Self Assessment Process with 1st line, 2nd line defence actions which managers are accountable for owning and addressing etc There is a re-education piece needed - lack of ownership/understanding/appreciation the impact on the business of getting this wrong.
Apart from management issue, which has resulted in a lack of ownership etc
My experience of this to date in terms of training has only been when delivered internally by "Operational Risk" Teams - I have been of the view, rightly or wrongly, that there are good reasons for O.R. delivering this. The specific risk management requirements and processes a business will have. We don't have an overarching programme on Risk Management at present - training has been delivered piece meal and at times on a one to one basis - which present its own problems.
Any experience effective Risk Management Training delivered? What made it successful? Internal or External Training provider?

Many thanks
Jason Grieve

2 Responses

  1. Training & Assessment
    I’m guessing your focus is on financial risk stemming from operational inefficiencies. If so, I agree there are good reasons why it’s Operational Risk teams which have the experience to communicate good practice as regards issues that are particular to their areas of expertise, as do external consultants who have worked in the area across different cultures. That said, lack of integration isn’t surprising either. What my company has is a distinctive platform for training and the assessment of competence / compliance – nothing like any conventional e-learning, and it hasn’t reached the website either! – whose style ought to meet with the current teams’ approval. I won’t pretend to be able to originate content in this area (what we, ourselves, publish is in Health & Safety), but there’s perhaps potential for collaboration with your teams and / or with external consultants who have the expertise but not the system.

    It sounds as if you are starting off a fascinating process which is as much about management as it is about training and I, too, wish you all the best.

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