Companies today must navigate complex risk management requirements. It comes as no surprise that most struggle with creating, maintaining, and updating their risk register.
Description
This session is tailored specifically for regulated companies, who have the added scrutiny of a dedicated regulator looking into their risk management processes.
During this dynamic session, we’ll dive deep into the fundamentals and provide you with practical guidance to enhance your risk management practices. As part of the discussion, we look into how to develop a comprehensive risk register, ensuring you capture and assess all potential risks that could impact your operations.
We’ll explore different risk identification techniques, walk through risk assessment methodologies, and discuss ways for prioritizing risks based on various metrics. Ultimately, the aim would be to risk register with changing regulatory landscapes and emerging risks to ensure ongoing compliance and risk resilience.
Course Topics
Learning Objectives
The aim of this session is that by looking in the fundamental of risk management and its related processes, to gain an understanding of the purpose and benefits of a risk register, and its role in compliance, risk mitigation and decision-making process.
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%).
Stefan Lia 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.
