• Understanding Risk
  o Provide a conceptual framework and thought the process to address the management of risk
• Types of Risk
  o Identify and delineate eight primary kinds of risk
• Presence of Risk
  o Review risk in the context of risk environments
• Risk Events
  o Discuss what constitutes a risk episode
• Risk Consequences
  o Discuss the four primary ways the results of a risk event can be manifested
• Risk Conditions
  o Address the circumstances that can generate a risk event
• Causes of Risk
  o Discuss what constitutes a cause of risk emanating from a risk condition and provide a large sampling of causes of risk
• Risk Preventives
  o Discuss what constitutes a risk preventive and provide a large sampling of risk preventives
• Risk Management and Compliance Functions
  o Reviews the differences in the roles of each function as well as their interaction
• Actual Significant Risk Episode
  o Review a major actual risk event in terms of consequences as well as the causes and risk preventives that were lacking. Places the elements of risk management is a powerful real-life context

This webinar will provide valuable assistance to all personnel with responsibility for

• Overall management oversight of an entity’s businesses
• Business and function-specific management
• Risk management at the corporate level
• Risk management and Compliance within a business or function
• Auditing businesses
• Regulatory oversight
• Educational programs at the university level

The US business environment, as well as those of other counties, has experienced significant risk events with significant risk consequences over the years. In recent times there have been a plethora of risk episodes. Many of these episodes could have been avoided or modified if the entities experiencing the risk episodes had in place sound risk management practices. This presentation allows the participants to step back and reflect on all aspects of the risk management spectrum with an emphasis on the causes of risk and risk preventives. It is designed to help the formulation of risk management processes in a business or other operating entity and to educate participants on risk management methodologies.

The presentation also addresses the roles of the Risk Management and Compliance functions and establishes how the roles differ. Lastly, at the end of the presentation is a case study of an actual risk event that will generate significant insight into the consequences of a risk episode, the causes of the risk episode, and the risk preventives that were lacking. This case study will drive home the importance of the risk management practices addressed earlier in the presentation and this case study by itself will serve as a substantial risk management educational experience.