Please Note: The courses are typically taken in sequence but students may register for the Risk Assessment and Treatment and Risk Financing courses before completing Risk Management Principles and Practices.
This course focuses on the principles and practices of risk management and understanding hazard risk, operational, financial, and strategic risk concepts. It provides an overview of how to identify, analyze, and treat risks. The course outlines the risk management process and framework and techniques for monitoring and reporting on risk.
Who Should Attend
Risk Managers, Human Resource Managers, Purchasing Professionals, Safety Managers, Environmental Managers, Insurance Underwriters, Insurance Claims Adjusters and Examiners, Insurance Buyers, Finance Professionals, Managers in the Public Sector and Legal Professionals.
What You Will Learn
Upon successful completion of this course, you should be able to:
- Systematically identify risks of various types
- Understand the risk management framework and process
- Understand techniques used to identify, analyze and treat risks
- Understand the processes for monitoring and reporting on risk.
Day 1 - registration/check-in will start at 8:00 a.m. with sessions to begin at 8:30 a.m. and adjourn at 4:00 p.m. Days 2, 4 & 5 will commence at 8:30 a.m. and adjourn at 4:00 p.m. Days 3 & 6 will commence with check-in at 8:30 a.m. and adjourn at 12:00 p.m. There will be 15 minute mid-morning and afternoon breaks. A light lunch is included on Days 1, 2 & 4.
- Introduction to Risk Management
- Risk Management Standards and Guidelines
- Hazard Risk
- Operational, Financial, and Strategic Risk
- Risk Management Framework and Process
- Risk Identification, Analysis, and Treatment
- Financial Statement Risk Analysis
- Capital Investment and Financial Risk
- Monitoring and Reporting on Risk
Karen MacWilliam is a self-employed consultant specializing in risk management and insurance analysis. She has worked in the insurance and risk management fields since 1985 as an underwriter, corporate risk manager and broker, and has operated a successful consultancy since 1997. Clients include a wide variety of public and private corporations. She holds a B.A. in Economics from UBC, her AIIC, FIIC designations from the Insurance Institute of Canada, and the CRM designation. She has been on staff at Simon Fraser University at Harbour Centre in Vancouver from 1992 -2015 teaching risk management and advanced insurance curriculum, and has been a lecturer in risk management at the University of Northern British Columbia in Prince George from 2003 - 2010. Karen is a sought-after trainer for private clients and the Insurance Brokers’ Associations in B.C. and Alberta, and the Insurance Institutes in Northern Alberta, Southern Alberta, and Nova Scotia. In 2001, Karen authored a 200-page risk management and insurance reference book titled The Risk Management and Insurance Guidebook for Industry, © ABS/Government Institutes of Rockville, MD, which is the basis for an online study program and is used as a text by international colleges. In 2004, she was engaged by the Risk and Insurance Management Society (RIMS) to author the Canadian Supplement to the Risk Financing course in the CRM designation. She has created Canadian content for all 3 CRM courses.
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"Karen gave excellent examples to help illustrate course material. Karen is one of the most informative and captivating teachers I have had.”
"Risk Assessment was well presented, provided me with a good understanding of the basic concepts. The instructor was well prepared, made dry topics interesting, provided interesting stories and examples for the various teaching points.”
PO1 Stephen Marsh
RCN LLO/UGSO, CFMWC
Applies Towards the Following Certificates
- Canadian Risk Management Program : Required (3)