Risk management for Line 1.

In this course, David Tattam, Chief Research and Content Officer at Protecht, covers essential risk management concepts and provides practical training on how Line 1 can excel in their role and contribute to effective risk management.

For risk management to be effective, it needs to be embedded as part of day-to-day activities - not something separate.

In this training we cover the role of Line 1 in risk management, what 'Line 1' really means, the key risk management processes Line 1 may be involved in, and the skills and behaviours required to achieve organizational objectives.

Course description

In this course, you'll learn:

1. Defining your role as Line 1

• An overview of the 3 Lines model
• Introduction to risk and objectives
• Introduction to roles and responsibilities
• Everyone as a risk manager
• Risk and control ownership
  
  

2. Why do we need risk management?

• Perceptions of risk and risk management
• Definitions of risks
• The main types of risks
• Risk management as an enabler
  
  

3. Objectives of risk management

• Protection
• Pursue opportunities
• Make better decisions
• A practical example
• What’s in it for you?
  
  

4. Understanding risk

• Components of risks
• Introduction to risk bow ties
  
  

5. Understanding controls

• Definition of controls
• Types of controls
• How controls modify risk
  
  

6. How to manage risks

• Informal risk management
• Formal risk management
• Key risk processes: 
  • Risk and control self-assessment
  • Risk metrics
  • Incident Management
  • Risk Treatment
  • Controls Assurance
  • Compliance Management
  • The definition of risk and objectives
• Introduction to roles and responsibilities
• Everyone as a risk manager
• Risk and control ownership
  
  

7. When do we manage risks?

• Effect of risk velocity on risk management cadence
• Integrating risk into day-to-day activities
• Essential Line 1 Skills & Behaviours
• Key Skills of Line 1
• Desirable risk behaviours

Course expectations

• Watch 23 videos
• Answer 5 knowledge questions
• 1 x Interactive example
• Answer 10 quiz questions

Timings

• 3 hours of video content
• 3.5-4 hours for the whole course

Cost

• US$300 payable by credit card on registration

Next steps

You can purchase this course on-demand via Protecht Academy by credit card.

This course has been approved by the International Institute of Risk and Safety Management for the period covering March 2024 - September 2025. Find out more about the IIRSM.

Please contact Protecht directly if you would like to discuss packages to implement this training across your organization. Bulk discounts are available and packages can be invoiced in your local currency.