Chief Risk Officer Curriculum
To significantly expand your network and share best practices, most business focused C-Suite sessions are delivered in-person jointly with Chief Data Officer and Chief Learning Officer program participants. Risk specific sessions are delivered online within the Chief Risk Officer program cohort. Additional short topics and a panel discussion are also included as the schedule allows.
Program Topics Include:
- Business Acumen and Communication (In-Person, Joint Session)
Strengthen business acumen by understanding proven strategies and best practices for gaining the support of the C-Suite. An introduction to the principles and practices of business acumen; what separates those C-Suite executives who excel at business acumen; and how to successfully engage with the C-Suite by applying the principles to everyday conversations and interactions.
- Data Analytics and Metrics of ERM (Online, CRO Cohort Session)
Provides a framework to understand and value Enterprise Risk Management (ERM) data. Understand how data analytics and metrics can be leveraged for risk assessment, mitigation, and management, and how to balance quantitative with qualitative approaches. Explore frameworks that can be used to analyze different types of enterprise risks.
- Developing and Executing a Strategic Plan (In-Person, Joint Session)
Gain an understanding of what is strategy. Identify links between organizations and types of strategy, resources and its link to strategy, environmental challenges and its links to strategy, and value creation with strategy. Once the strategy is created it is even more challenging to execute it and a great deal of this idea will be discussed through the concepts of business models.
- Innovation (In-Person, Joint Session)
Understand principles and best practices that underlie successful innovation. Learn how to apply these principles and practices to the most critical challenges facing your industry. Specifically, how to transform promising ideas into actionable innovations and gain the support of your organization.
- Internal Threat Assessment (In-Person, CRO Cohort Session)
An insider threat (InT) is a threat from within. InT is defined as a malicious threat to an organization that comes from people within the organization, such as employees, former employees, contractors or business associates, who have inside information concerning the organization's security practices, data and computer systems, and most important information. To effectively mitigate the threats posed by trusted insiders, you must understand your organization’s susceptibility to threats and the need for conducting insider threat assessments. Detection of potentially malicious behavior involves authorized insider threat personnel gathering information from many sources and analyzing that information for clues or behavior of concern. A single indicator may say little; however, if taken together with other indicators, a pattern of concerning behavior may arise that can add up to someone who could pose a threat.
- Policy, Regulations and Compliance: Implications for ERM (Online, CRO Cohort Session)
Develop an understanding for how policies and externally imposed laws and regulations impact an organization’s activities. Understand risk management policy and regulations in all relevant domains and understand the relationship between ERM and internal control and audit. Apply policies of organizational transparency and define risks of non-compliance. Understanding the regulatory environment and its relationship to the organization’s strategic objectives is essential to identifying and responding to key threats and opportunities facing an organization now or in the future.
- Practices, Tools and Processes for ERM (Online, CRO Cohort Session)
Understand practical approaches to developing tools to support ERM success. The topic focuses on the design of ERM tools and the application of Human-Centered Design Thinking principles to shape effectiveness.
- Relational Leadership (In-Person, Joint Session)
Appreciate how leaders can improve by taking a relational view towards others in the organization. To lead is to speak directly to the workforce, to understand their concerns, pinch points, frustrations, etc. Taking a relational view goes beyond your relationship with each employee, it encompasses understanding each relationship that employees have. It is up to leaders to create an environment in which individuals go above and beyond, not just because of money or prestige, but because they have friends and colleagues that would do the same for them.
- Risk Management Strategies, Tactics and the Future of Risk Management (Online, CRO Cohort Session)
Understand what effective risk management strategy includes, how it might be developed, what key consideration should go into its design and how risk management tactics can both activate and support the goals and objectives that underlie the strategy. Understand the importance of how and why risk strategy is critical to the ultimate success of the organization. The role played by the risk management tactics that are the methods, practices, tools, techniques, and policies that actualize the risk management process components of identification, assessment, measurement, mitigation, monitoring, and review are emphasized.
- Scenario Analysis and Stress Testing (Online, CRO Cohort Session)
Explore how low probability situations, events or Black Swans, including fires, hackings, floods, terrorists attacks, power outages, global economic crisis, ransomware, tariffs, defaults, pandemics, and earthquakes have had major repercussions in cities, communities, countries, companies, economies, and global markets. As these situations become more common, governments and private sector companies are forced to consider these potential scenarios, assess their impact and existing mitigating plans, and/or identify gaps to prevent or minimize the impact. Understand the processes of scenario analysis and stress testing, the approach and techniques, creation of scenarios, assessment of controls or mitigants, and outcomes by examining examples across governments and industries.
- Strategic Thinking, Value Proposition Models and Mission Fulfillment (In-Person, Joint Session)
Provides analytical tools to focus on value creation in an organization through the concept of business models and its links to strategic management through the process of strategic thinking.
- The Being of a C-Suite Leader (In-Person, Joint Session)
Build your capacity to engage in the successful practices of leadership as a member of the c-suite and throughout your career. The emphasis is on your way of being as a leader (the observer you are) and enhancing your capacity to declare commitments to future possibilities and engage others in sharing and fulfilling those commitments. During the session we will discover the importance of context in confronting managerial challenges and creating opportunities and the role of leadership in shaping conversations that create empowering contexts for organizational actions.
- Transformation and Change Management (In-Person, Joint Session)
Identify best practices that anticipate the need to change and build frameworks for steps to use in leading change. Understand resistance to change and how to overcome it, as well as the benefits of the changes your organization is going through.