:- PAPER: RISK MANAGEMENT (100 MARKS)
Objective
To gain knowledge and acquire insight into the spectrum of risks faced by businesses and to develop an understanding of the techniques of managing risks in practical case scenarios.
Contents
:- 1 Introduction & Overview i Introduction to Risk & Uncertainty ii Classifications & Types of Risks iii Importance & Objectives iv Overview of Mitigation & Controls v Opportunities in RM for CAS | :- 2 Risk Strategy & Governance i Risk Management Frameworks ii Implementation of Risk Management Policies & Processes iii Enterprise Risk and Linkage to Business iv Governance & Ethical dimensions v Legal, Regulatory & Compliance | :- 3 Role of Risk Stakeholders i Board Oversight ii Role of CEO, Management iii Role of Risk Managers, Owners iv Role of Auditors (Statutory/Internal) |
:- 4 Risk Assessment i Risk Identification ii Risk Evaluation (Impact/Likelihood) iii Risk Quantification & Ratings iv RM Quantification Tools v Risk Prioritization & Heat Matrix | :- 5 Risk Response i Risk Appetite ii Risk Treatment Techniques iii Controlling Risk iv Contingency Planning | :- 6 Risk Monitoring & Reporting i Information & Communication ii Automation & Continuous Monitoring iii Auditing & Evaluating Risk iv Continuous & Periodic Reporting |
:- 7 Strategic Risk i Business Portfolio Risks ii Industry/Competition Risks iii Investments & Funding of Growth iv Product/Service Risks | :- 8 Operational Risk i Process level Risk Management ii Outsourcing Risks & 3rd Party Risk iii Supply Chain (Sale/ Purchase) iv Product/Service Quality etc. | :- 9 Emerging Issues in ERM i External Influences ii Global Developments iii Technology & Automation |
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