Planning and Risk Assessment Training Course

This instructor-led, live training in Kenya (online or onsite) is designed for intermediate to advanced finance and asset management professionals who aim to optimize asset tracking, control, and compliance with International Financial Reporting Standards (IFRS).

Upon completing this training, participants will be able to:

• Classify and set up fixed assets in line with IFRS regulations.
• Oversee the creation, acquisition, and capitalization of assets.
• Put in place control measures for tracking and monitoring assets.
• Apply suitable depreciation and amortization methods.
• Efficiently handle asset movements, transfers, and disposals.
• Ensure adherence to financial reporting and audit standards.

This instructor-led, live training in Kenya (online or onsite) targets intermediate-level finance and accounting professionals who wish to effectively manage, value, and audit fixed assets in compliance with accounting standards and regulations.

By the end of this training, participants will be able to:

• Understand the lifecycle and classification of fixed assets.
• Apply local and international accounting standards in asset valuation and depreciation.
• Manage fixed assets with proper controls, tools, and procedures.
• Comply with legal and tax frameworks relevant to asset management and reporting.

Overview

Regulators worldwide are increasingly tying the level of risk a bank assumes to the capital it must hold, while banks and financial services firms are progressively adopting risk-based management practices. As banks, their product offerings, regulatory frameworks, and global markets grow in complexity, effective risk management faces escalating challenges. A critical lesson from the banking crisis of the past five years is that risks are deeply interconnected; to manage them efficiently, banks must understand these interdependencies.

Key features of this course include:

• An explanation of current risk-based regulations
• A detailed examination of the major risks confronting banks
• Industry best practices for adopting an enterprise-wide approach to integrate risk management across the entire organization
• The use of governance techniques to foster a group-wide culture, ensuring everyone plays an active role in managing risks in alignment with the bank’s strategic objectives
• An exploration of potential challenges risk managers may face in the future

The course utilizes extensive case studies designed to explore, examine, and reinforce the concepts and ideas covered over the five-day period. Historical events at various banks are used throughout to highlight failures in risk management and to identify actions that could have prevented losses.

Objectives

The primary objective of this course is to assist bank management in delivering an appropriate integrated strategy for managing the complex and evolving risks and regulations characteristic of today’s international banking environment. Specifically, the course aims to provide senior-level management with an understanding of:

• Major risks within the financial industry and key international risk regulations
• Methods for managing a bank’s assets and liabilities while maximizing returns
• The interaction between different risk types and how banks employ an integrated approach to manage them
• Corporate governance and best practice approaches for managing the diverse interests of stakeholders
• Strategies for developing a culture of risk governance to minimize unnecessary risk-taking

Who Should Attend This Seminar

This course is designed for individuals new to integrated risk management, senior management responsible for strategic risk management, or those seeking to deepen their understanding of enterprise risk management. It is particularly beneficial for:

• Board-level bank management
• Senior managers
• Senior risk managers and analysts
• Senior directors and risk managers responsible for strategic risk management
• Internal auditors
• Regulatory and compliance personnel
• Treasury professionals
• Asset and liability managers and analysts
• Regulators and supervisory professionals
• Suppliers and consultants to banks and the risk management industry
• Corporate governance and risk governance managers

This instructor-led, live training in Kenya (online or onsite) is aimed at intermediate-level professionals who wish to develop a systematic approach to identifying, analyzing, and resolving problems using RCA methodologies.

By the end of this training, participants will be able to:

• Understand essential concepts of RCA and continuous improvement cycles.
• Apply different RCA tools to identify the root cause of problems.
• Develop and implement effective problem-solving strategies.
• Integrate RCA into organizational improvement and prevention efforts.

The primary objective of this program is to shift the audit process from a reactive approach focused on "identifying issues" to a proactive strategy centred on "preventing them." By mastering Root Cause Analysis, the Internal Audit team will specifically target the elimination of recurring findings. This ensures that once a weakness is identified, the recommendations provide a lasting solution, thereby safeguarding the company’s operational efficiency and financial integrity.

Failing to implement structured RCA creates a high-risk environment:

• Financial Erosion: Unaddressed root causes within financial processes result in cumulative losses that increase over time.
• Resource Wastage: Auditors spend 40% more time re-auditing the same ineffective controls rather than focusing on new strategic risks.
• Diminished Authority: Continuously reporting the same issues weakens the Audit Division's influence with senior management and auditees.

This instructor-led, live training Kenya (online or onsite) targets intermediate-level internal auditors aiming to enhance their audit efficacy through structured RCA techniques.

By the conclusion of this training, participants will be able to:

• Grasp RCA methodologies and their pivotal role in internal auditing.
• Identify and analyze the root causes behind audit findings.
• Apply RCA tools including the 5 Whys, Fishbone Diagram, and Failure Mode and Effects Analysis (FMEA).
• Develop corrective and preventive action plans based on RCA findings.
• Integrate RCA into the internal audit process to improve risk management.

This instructor-led, live training (available online or onsite) targets intermediate-level safety professionals and operational managers seeking to strengthen their capability to investigate incidents, identify systemic weaknesses, and formulate effective corrective and preventive actions.