Effective Risk Management for Charities

IDENTIFY TOP RISKS FACED AND IMPLEMENT RISK MITIGATION STRATEGIES IN YOUR CHARITY

Identify top risks faced by your charity, develop a risk management policy and build a culture of risk management and transparency in risk responsibilities in your charity.

Venue: ILC Training Hub

TBC
Day 1: 9:00 am to 5:00 pmDay 2: 9:00 am to 5:00 pm

ABOUT THE COURSE

Are you familiar with the potential risks faced by your charity? From technology risks such as losing of confidential data and data corruption, to operational risks such as employee risk (e.g. disgruntled employees, retention), any of these risks, when not properly managed, will cause adverse impact to your charity’s operations and consequently, image in the public eye.

Our Effective Risk Management for NPOs course will teach you how identify top risks facing your charity, divide risk responsibilities across board members and staff, and develop risk management plans in the most critical areas of your charity (e.g. fundraising, volunteer management, cash flow management).

WHAT YOU WILL LEARN

By the end of the programme, participants will be able to:

  1. Understand Risk Governance structure, Risk Culture and Language.
  2. Conduct Risk Identification: understanding how risks are evaluated and charted in a risk map.
  3. Develop a Risk Register and Risk Action report.
  4. Deploy an overall risk management policy and monitor implementation
  5. Implement a review and re-evaluation of risks and the pertinent mitigation activities.

COURSE HIGHLIGHTS

  1. What are risks and how are they perceived by your organisation.
  2. Division of risk responsibilities among Board, Subcommittees, Senior Management, Finance & Risk teams and operations management.
  3. Why you need risk management in your organisation?
    • Comply with pertinent laws and regulations effectively.
    • Establish clear accountability and ownership of risk, and the common risk language.
    • Ensure transparency of both current and emerging risks.
    • Develop a system of continuous monitoring and reporting of key risks across all operations.
    • To identify risks timely and implement risk mitigation strategies to manage risks.
    • Reduce personal liability of management.
    • To identify risks timely and implement risk mitigation strategies to manage risks effectively.
  4. Risk management processes
    • Prioritise the top risks to focus management’s attention.
    • Prepare periodic risk reports on incidents and events.
    • Reevaluate the effectiveness of mitigating actions.
    • Communicate, sustain and improve the risk management process.
  5. Risk management in specific areas for charity, e.g., fundraising, restricted reserves, investments, volunteer management, anti-money laundering, terrorist financing and cash flow management.
  6. Building a culture of risk management and transparency in risk responsibilities.

The course is taught across 16 hours, with lectures, videos, case studies, group discussions, checklists, *invited speaker(s).
For 4 or more participants from the same organisation, 1-hour post-session coaching will be provided.
*Invited speaker(s) may be pre-recorded.

COURSE HIGHLIGHTS

Understand risk governance structure, risk culture, and language.

Complimentary coaching session available for 4 or more participants from the same organisation.

Risk identification. Understand how risks are evaluated and charted in a risk map.

Risk Register and Risk Action Report.

Overall risk management policy to institute and monitor the processes.

WHO SHOULD ATTEND

Board members, Finance Subcommittee, Audit & Risk Subcommittee, Senior management, HODs, and Finance & Risk teams.

DATES AND TIMES

TBCDay 1: 9:00 am to 5:00 pmDay 2: 9:00 am to 5:00 pm

SEMINAR FEES & FUNDING

TBC

New Item
After Early Bird
  • Standard Fee$1962.00
    SSAs-Charities Capability Fund (CCF) Training Grant$962.00
    Community Care Training Grant (CCTG)$196.20

All prices stated include GST.

*Up to 80% seminar fee funding for NCSS member agencies(CCF Subsidy is capped at $1000 per pax)

**Up to 90% seminar fee funding for AIC approved organisations to be claimed directly from AIC. (Full payment is required from participants at the time of registration.)

For details and funding eligibility, please consult with your HR department. Kindly note that we, as the training provider, are unable to assist with inquiries related to this funding.

ABOUT THE FACILITATOR

Dr Isabel Sim

Dr Isabel Sim is the principal consultant at Integrative CSR Consulting. She was formerly Senior Research Fellow, Department of Social Work, Faculty of Arts and Social Sciences, National University of Singapore as well as Director (Projects), Centre for Social Development (Asia). She served as Head of Corporate Governance Practice, Centre for Governance, Institutions and Organisations (CGIO) and Senior Lecturer, Department of Strategy and Policy, NUS Business School from 2012 to 2014.

She obtained her PhD in finance from The University of Western Australia in 2011. She is the editor of the series Accounting and Finance Handbooks for Charities including Budgeting and Cash Flow Management, Fund Accounting for Charities, Full Cost Recovery for Charities and Cost-Effective Audit for Charities. She is also the lead author for Accounting for Good – Helping Charities Do Good Better, a project in collaboration with NUS and ISCA. Besides extensive experience in applied research in the charity sector, Dr Sim has more than 15 years of experience in teaching working adults. She has taught accounting, corporate governance, finance, and economics subjects in MBA, EMBA, and other professional programmes.