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:
- Understand Risk Governance structure, Risk Culture and Language.
- Conduct Risk Identification: understanding how risks are evaluated and charted in a risk map.
- Develop a Risk Register and Risk Action report.
- Deploy an overall risk management policy and monitor implementation
- Implement a review and re-evaluation of risks and the pertinent mitigation activities.
COURSE HIGHLIGHTS
- What are risks and how are they perceived by your organisation.
- Division of risk responsibilities among Board, Subcommittees, Senior Management, Finance & Risk teams and operations management.
- 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.
- 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.
- Risk management in specific areas for charity, e.g., fundraising, restricted reserves, investments, volunteer management, anti-money laundering, terrorist financing and cash flow management.
- 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.