Description:
This session will focus on the risk matrix as a tool for organisations to assess and manage risks. The risk matrix typically consists of a grid with the likelihood of the risk occurring on one axis and the potential impact of the risk on the other axis. The likelihood and impact are typically rated on a scale of low, medium, and high.
We will look at risk identification and evaluation and how the tool can help to prioritise risks based on their likelihood and potential impact. This should allow the organisation to focus its risk management efforts on the risks that are most likely to occur and have the greatest potential impact.
The organizational risk matrix is a valuable tool for organizations of all sizes and types, as it helps them to identify and manage risks in a structured and systematic way. By using a risk matrix as a reporting tool, organizations can better understand the potential risks they face and take steps to mitigate or avoid those risks altogether.
Course Topics:
Learning Objectives:
Through this session, the aim will be to better understand:
Target Audience:
Assessment Questions and Answers:
In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).
Trainer Name:
Stefan Lia
Bio and Experience:
Stefan Lia, ACII, BA (Hons), MSc, CRISC currently Heads the Governance, Risk and Compliance Function at Betsson Group. His responsibilities include coordinating internal audit, managing the group insurance program, designing and implementing and managing risk management and governance processes and acting as advisor to Operational Management on various matters.
Stefan started his career working with a Maltese insurer where he was responsible for Commercial Insurance underwriting. This was followed by a stint at the MFSA where he spent over four years as part of the Consumer Complaints Unit. Prior to joining Betsson in his current role, he was part of the team Risk Advisory at Deloitte Malta for 3 years.
Stefan holds an Advanced Diploma in Insurance from the Chartered Insurance Institute, a BA Hons in Financial Services from University of Edinburgh Napier and MSc in Risk Management from Glasgow Caledonian University and is Certified in Risk and Information System Controls by ISACA.
Stefan Lia, ACII, BA (Hons), MSc, CRISC currently Heads the Governance, Risk and Compliance Function at Betsson Group. His responsibilities include coordinating internal audit, managing the group insurance program, designing, implementing and managing risk management and governance processes and acting as advisor to operational management on various matters.
Stefan started his career working with a Maltese insurer where he was responsible for Commercial Insurance underwriting. This was followed by a stint at the MFSA where he spent over four years as part of the Consumer Complaints Unit. Prior to joining Betsson in his current role, he was part of the team Risk Advisory at Deloitte Malta.
Stefan holds an Advanced Diploma in Insurance from the Chartered Insurance Institute, a BA Hons in Financial Services from University of Edinburgh Napier and MSc in Risk Management from Glasgow Caledonian University and is certified in Risk and Information System Controls by ISACA.
