Risk management is important in any organisation because without it, a firm cannot possibly define its objectives for the future. If an organisation plans without taking the risks into consideration – chances are that it will lose direction as soon as any of these risks hit home.
The primary goal of this course is to engage students & professionals in fundamental building blocks of risk management framework and principles. It is designed for the learner with no previous knowledge of risk management. Furthermore, it explains why and how a business manages its risks on an enterprise basis.
After the completion of this course, Learners will be acquainted with the tools and techniques, and the process of planning and implementation of a risk management program. It is intended to equip them to function well in a business environment along with developing an awareness of the challenges in a risk framework.
Fundamentals of Risk Management
Risk management is important in any organisation because without it, a firm cannot possibly define its objectives for the future. If an organisation plans without taking the risks into consideration – chances are that it will lose direction as soon as any of these risks hit home.
Risks can come from various sources including uncertainty in financial markets, threats from project failures, legal liabilities, accidents, natural calamities, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
The primary goal of this course is to engage students & professionals in fundamental building blocks of risk management framework and principles. It is designed for the learner with no previous knowledge of risk management. Furthermore, it explains why and how a business manages its risks on an enterprise basis.
After the completion of this course, Learners will be acquainted with the tools and techniques, and the process of planning and implementation of a risk management program. It is intended to equip them to function well in a business environment along with developing an awareness of the challenges in a risk framework.
Deepali Kharbanda with inputs from Gaurav Jain. Deepali is an alumnus of Faculty of Law, Delhi University, and currently working as Faculty and Senior Legal Editor at LawSkills. She brings on board 10 years of extensive experience and specializes in the field of law and technology, commercial laws and policy. Gaurav has 12 years of experience in the risk management domain. He has completed his international PG Diploma in Risk management from IIRM Hyderabad (Institute of Insurance & Risk Management) and M.com from Delhi University; also he is a Certified Fraud examiner from Association of Certified Fraud Examiner, USA. Presently, he is working as a Chief Risk Officer for Bajaj Capital Ltd, a leading financial services company in India.
After completing this course, you will be able to:
- Equip learners with a comprehensive perspective on risk management concepts, tools and techniques.
- Develop analytical and integrative thinking in understanding and implementing the risk management practices.
- Practice communication skills entwined with risk management topics.
- Prepare readers in applying Risk Management principles in their professional life.
- Module 1 – Introduction & Conceptual Framework of Risk
- Module 2 – Universe of Risks
- Module 3 – Risk Management
- Module 4 – Risk Identification
- Module 5 – Risk Analysis and Evaluation
- Module 6 – Risk Mitigation and Monitoring
- Module 7 – Emerging Trends in Risk Management
- Certification Exam/ Assessment
Optimizing Strategic Planning for Enterprise Risk Management: A New Dimension
"The biggest risk is not taking any risk... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks."
-Mark Zuckerberg
Unforeseen events take place every day and in many unexpected means- be it the 2008 global economic crisis, the natural disasters like tsunamis, earthquakes, or the political uprisings. At the organizational level, the common outcomes of these unexpected events have been the loss of the workforce, ruined operations, damaged IT infrastructure, deficit in the cash flow etc.
The markets favor the risk takers. This notion, however, should not be construed to mean that one puts at stake their prospects of success. It is through calculated risks; founded on a comprehensive understanding of your organization's inclination towards risks and the safeguard mechanisms that success is ensured.
The essential question is how do you facilitate your leadership to achieve this goal? Of course, the answer lies in a productive and robust Enterprise Risk Management (ERM) Agenda which forms part of the business strategy of the firm itself. While we cannot predict the "risks" with absolute certainty, what we can do is be "proactive" and "better prepared" so as to respond better faster. In other words, from a shareholder's perspective an enterprise needs to examine how well its core business strategy will perform under different unexpected scenarios and events.
This course addresses all the major ERM activities: from risk framework to risk governance, identification monitoring and mitigation. It aims to provide a blend of academic and practical ERM approach based on the integration of ERM with value-based strategic planning and decision-making. The goal is to provide a holistic coverage of a range of current ERM practices together with answering the question on how to manage risk strategically in all its dynamic complexity. The Course also offers an examination of the areas critical to an organization's success from a strategic, operational and financial perspective; and evaluates the steps required for managing strategic risk. It also examines why many companies fail in spite of the vast knowledge of factors driving success.
Deepali Kharbanda with inputs from Gaurav Jain. Deepali is an alumnus of Faculty of Law, Delhi University, and currently working as Faculty and Senior Legal Editor at LawSkills. She brings on board 10 years of extensive experience and specializes in the field of law and technology, commercial laws and policy. Gaurav has 12 years of experience in the risk management domain. He has completed his international PG Diploma in Risk management from IIRM Hyderabad (Institute of Insurance & Risk Management) and M.com from Delhi University; also he is a Certified Fraud examiner from Association of Certified Fraud Examiner, USA. Presently, he is working as a Chief Risk Officer for Bajaj Capital Ltd, a leading financial services company in India.
After completing this course, you will be able to:
- To understand different types of strategic risks.
- To develop methodical and integrative thinking in understanding and implementing the risk management practices.
- To collaborate on building a risk management program that successfully incorporates strategic goals.
- To evaluate the points of engagement – ERM & Strategy planning.
- To practice communication skills entwined with risk management topics.
- To prepare readers in applying Risk Management principles in their professional life.
- Module 1 – Introduction to Risk Management Process
- Module 2 – Strategic Risks and its Types
- Module 3 – Risk Mitigation and Monitoring
- Certification Exam/ Assessment
IT & Fraud: Risk Management
Fraud is ubiquitous. It grabs headlines every now and then with its high-impact prevalence and destructive tendency with respect to an organization's core and reputation. However, whenever any major fraud hits the headlines – the organizations just sit back and watch thinking that it could not happen to their businesses. But the truth is –fraud can happen anywhere and everywhere.
Fraud has the potential to destroy the bottom line or even the entire organization; hence, managing the fraud risk has to be a vital function. This is more important considering the forces of globalization, competitive markets, rapid technological innovations and economic turmoil. For this reason, generally, all the businesses or organizations have their own risk management systems. And with an increased dependence on IT systems, several risks have been added to an organization's profile. We, therefore, need robust strategies the –concerning the formulation and implementation of an IT risk.
This course will help the learners with an understanding of the IT risks, its types, and how such risks could be managed effectively and efficiently. It would also facilitate with the learning of the strategies that could be implemented to mitigate and manage the risks. Likewise, the readers would be able to comprehend the objectives of fraud risk management and the steps involved in this process. Furthermore, this course evaluates common risk areas with the help of case studies – making it easier for the readers to comprehend.
Deepali Kharbanda with inputs from Gaurav Jain. Deepali is an alumnus of Faculty of Law, Delhi University, and currently working as Faculty and Senior Legal Editor at LawSkills. She brings on board 10 years of extensive experience and specializes in the field of law and technology, commercial laws and policy. Gaurav has 12 years of experience in the risk management domain. He has completed his international PG Diploma in Risk management from IIRM Hyderabad (Institute of Insurance & Risk Management) and M.com from Delhi University; also he is a Certified Fraud examiner from Association of Certified Fraud Examiner, USA. Presently, he is working as a Chief Risk Officer for Bajaj Capital Ltd, a leading financial services company in India.
After completing this course, you will be able to:
- To equip the readers with a comprehensive perspective on the concepts, tools and techniques pertaining to risk management
- To have an overview of the components of the methodology of risk management.
- To develop analytical and integrative thinking in understanding and implementing the risk management practices.
- To have a basic understanding of identifying and mitigating the IT risks.
- To identify the steps involved in developing an IT risk and fraud risk management program.
- To practice communication skills entwined with risk management topics.
- To prepare the readers in their application of the principles of risk management in their professional life.
- Module 1 – IT Risk Management
- Module 2 – Fraud Risk Management
- Certification Exam/ Assessment
GDPR and Its Impact on Indian Companies
The new EU General Data Protection Regulation (EU GDPR) will come into effect on 25 May 2018. This regulation stipulates that any and all businesses within the European Union, or dealing with the EU will have to comply with GDPR. Lack of understanding, coupled with unawareness of its implications makes GDPR the latest threat to business. It requires responsibility and accountability for every business that processes the personal data of individuals in the European Union (EU). Hence, it is crucial for businesses to understand GDPR, embrace the regulation and find the hidden opportunity for compliance now.
This course explains the provisions of the GDPR to help organizations comply with its requirements. It is for those who have day-to-day responsibility for data protection.
Team LawSkills is a group of passionate and dynamic professionals who endeavor to craft content with perfection for learners. The team also liaisons with practitioners in various fields and professions to include their varied experience in developing all-inclusive courses. The resultant courses amalgamate theory and practice synchronous with the demands of professional practice.
After completing this course, you will be able to:
- Identify the main positions of the GDPR, including key concepts, principles and data protection roles
- The Six Data Protection Principles
- Special Categories Of Personal Data
- Explore rights of data subjects and their relevance in daily life
- Investigate obligations of data controllers and processors and related steps that need to be taken for complying with the GDPR
- Evaluate enforcement and compliance mechanisms and international data transfers under the GDPR
- Module 1 – Introduction to GDPR
- Module 2 – Data Protection Principles
- Module 3 – GDPR: What a Company Needs to Know
- Module 4 – GDPR: Indian Context
- Module 5 – Making Your Websites GDPR Compliant
- Certification Exam/ Assessment
