Risk Management

This practical course structures your knowledge of risk management and enhances the competences required to identify, classify, evaluate and manage various risks that could prevent an organisation from achieving its strategic goals.

Learning objectives:

Identify and evaluate risks and their sources that can impede the implementation of strategy.
Diagnose significant, unusual and emerging risks to which the business is exposed.
Develop and implement appropriate risk mitigation.
Design and implement risk reporting systems and communicate to both internal and external stakeholders.
Advise on the application of the risk management policies and industry best practices.

Who should attend?

Senior and middle management, risk managers, internal controllers, internal auditors, business process analysts

Training agenda

What is risk?	What concepts do people use to characterise risks? To what extent are risk perceptions influenced by emotional factors? When people make mistakes about risk, is it because they are ill-informed or because they were unable to do better?
Evolution of modern risk management	Risk management standards. Benefits of integrating ERM with business. Components and principles of COSO 2017.
ERM component No.1 – governance and culture	Board risk oversight. Board risk oversight Establishment of operational structures Defining the desired culture. Demonstrating commitment to core values. Attracting, developing and retaining capable individuals.
ERM component No.2 – strategy and objective-setting	Business context analysis. Definition of risk appetite. Evaluation of alternative strategies. Formulating business objectives.
ERM component No.3 – performance	Risk identification. Risk severity assessment. Risk prioritization. Risk response measures.
ERM component No.4 – review and revision	Assessment of substantial changes. Review of risk and performance. Pursuing improvement in ERM.
ERM component No.5 – information, communication and reporting	Use of information and technology. Communication of risk information. Risk, culture and performance reports. ERM monitoring and self-assessment.

Dates:

28 - 29 May & 11 - 12 June 2025 (10:00 - 14:15 EEST)

Format:

Live online

Language:

English

Price:

EUR 600 (excl. VAT)

For more details please contact us.

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Contact us

Ginka Iskrova

Business Development Director, PwC Bulgaria

Stefania Stoimenova

PwC's Academy Coordinator, PwC Bulgaria

Tel: +359 89 423 9115

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