Introduction

Effective enterprise risk management depends on capable risk champions who can translate frameworks into consistent practice across the organisation. Without clear ownership, common risk language, and structured implementation, risk management initiatives often fail to deliver meaningful value. This Risk Champion Masterclass training course focuses on building internal capability to lead and support the implementation of an ISO 31000–aligned risk management process across the enterprise.

The course clarifies the distinction between business risk ownership and assurance roles, while providing a structured understanding of risk identification, assessment, treatment, and escalation. It equips participants with practical tools to embed integrated risk management into daily operations, decision-making, and governance structures, enabling stronger resilience and sustainable performance.

Key Learning Outcomes

At the end of this training course, participants will be able to:

Training Methodology

This training course adopts an interactive, practice-oriented learning approach combining structured instruction with applied workshops. Participants work through ISO 31000–aligned risk scenarios to strengthen understanding of risk processes, governance roles, and implementation challenges, reinforcing practical capability to act as effective risk champions.

Risk Champion Masterclass

Who Should Attend?

This training course is ideal for professionals seeking to…

  • Enterprise risk management practitioners
  • Risk champions and risk coordinators
  • Governance, compliance, and internal control professionals
  • Internal audit and assurance specialists
  • Business unit managers with risk ownership responsibilities
  • Strategy and performance management professionals

Course Outline

Day 1

Risk Management Process

  • What is Risk, What is Risk Management?
  • Types of Risks, Risk Management Approaches
  • Risk Management Structure
  • The Risk Management Process (ISO 31000)
  • Establishing the Context
  • Risk Identification
Day 2

Risk Identification and Formulation

  • Risk Classification
  • External Environment
  • Internal Organization  
  • Risk Assessment (Identification and Analysis) Techniques
  • Horizon Scanning
  • Information Gathering Techniques
  • Information Processing Tools
  • Risk Formulation (The Cause and Effect Relationship of Risk)
Day 3

Risk Ranking and Treatment

  • Risk Prioritization and Ranking (The Risk Ranking Matrix)
  • Risk Evaluation, Risk Vulnerability
  • Risk Appetite, Risk Tolerance and Risk Capacity
  • Risk Profile
  • Risk Treatment and Response
  • Risk Monitoring and Reviewing
  • Risk Communication, Escalation and Reporting
Day 4

Risk Control

  • Organizational Resilience and Business Continuity Planning
  • Risk Control Techniques
  • Using Key Risk Indicators (KRI’s)
  • Creation of a Risk Register
  • Risk Management Challenges
  • Risk Maturity
  • Enterprise Risk Management (ERM)
Day 5

Risk Management Implementation

  • Risk Management Framework
  • Risk Strategy
  • Risk Appetite Statement (RAS)
  • Risk Governance
  • Risk Readiness Checklist
  • Leading Practices in Risk management Implementation
  • Risk Language and Risk Management Vocabulary

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FAQs

A risk champion acts as a facilitator and advocate for effective risk management practices within their area of responsibility. This training course equips participants to support consistent application of ISO 31000 principles across the organisation.  

The training course is structured around the ISO 31000 risk management process and governance principles. Participants learn how to translate the standard into practical tools, processes, and reporting mechanisms.  

Yes, the course clearly distinguishes between business risk ownership and assurance or oversight roles. This clarity supports stronger accountability and more effective risk governance.  

The training course is applicable across sectors. ISO 31000 principles and enterprise risk management practices covered are adaptable to different organisational and regulatory contexts.  

Participants gain the capability to support ERM implementation, improve risk communication, and strengthen organisational resilience through consistent risk management practices.  

Related Categories

Find Your Perfect Course in Related Categories

Corporate Governance
Enterprise Risk Management (ERM)

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