Political shifts, credit defaults, currency swings, interest rate changes, legal missteps, liquidity crunches, operational failures, price volatility, regulatory gaps, these are the risks that keep institutions up at night, and they rarely show up one at a time. This course from the Arab British Fellowship Training Academy was built to help participants make sense of all of them at once.

It hands institutions a set of guidelines they can rely on as reasonable, practical standards for assessing risk, opening with general principles before moving into four connected sections, each adding specific guidance for a different category of risk assessment.

Course Objectives

• Provide participants with general and specialized guidelines on how to assess risk.
• Help institutional staff adapt these principles and guidelines to their own work.
• Apply risk assessment and take the precautions needed to handle potential corruption risk an institution might face down the line.
• Identify the cost of risk assessment and the precautions required to avoid risk, along with the categories risk assessment falls into.

Target Audience

• Control and internal audit department staff.
• Financial directors and legal advisors.
• Senior managerial staff.

Module 1: Why and When to Assess Risk

• The reasons institutions carry out risk assessments in the first place.
• The right timing for taking necessary precautions.
• How risk assessment connects to an institution's policies and procedures.

Module 2: Methods and Categories

• Practical methods for assessing risk.
• The different categories and fields risk assessment covers.
• Precautions needed to avoid identified risks.

Module 3: Documentation and Corruption-Related Risk

• How to properly certify and document risk assessments and precautions taken.
• Approaches for handling risks tied specifically to corruption.
• Field work involved in carrying out a risk assessment.

Module 4: Delivery Formats and Extra Notes

• In-house, individual, group, and hands-on training formats.
• Flexible scheduling and locations tailored to each client.
• Delivered to a high standard for senior professionals; the Academy team is available for further details.