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.
Date & Time
10 & 11 July 2023
Day 1: 9AM to 5PM, Day 2: 9AM to 5PM
Venue: Day 1: Zoom, Day 2: ILC Training Hub
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COURSE HIGHLIGHTS
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Understand risk governance structure, risk culture, and language.
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Complimentary coaching session available for 4 or more participants from the same organisation.
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Risk identification. Understand how risks are evaluated and charted in a risk map.
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Risk Register and Risk Action Report.
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Overall risk management policy to institute and monitor the processes.
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:
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Understand Risk Governance structure, Risk Culture and Language.
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Conduct Risk Identification: understanding how risks are evaluated and charted in a risk map.
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Develop a Risk Register and Risk Action report.
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Deploy an overall risk management policy and monitor implementation
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Implement a review and re-evaluation of risks and the pertinent mitigation activities.
COURSE HIGHLIGHTS
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What are risks and how are they perceived by your organisation.
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Division of risk responsibilities among Board, Subcommittees, Senior Management, Finance & Risk teams and operations management.
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Why you need risk management in your organisation?
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Comply with pertinent laws and regulations effectively.
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Establish clear accountability and ownership of risk, and the common risk language.
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Ensure transparency of both current and emerging risks.
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Develop a system of continuous monitoring and reporting of key risks across all operations.
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To identify risks timely and implement risk mitigation strategies to manage risks.
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Reduce personal liability of management.
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To identify risks timely and implement risk mitigation strategies to manage risks effectively.
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Risk management processes
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Prioritise the top risks to focus management’s attention.
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Prepare periodic risk reports on incidents and events.
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Reevaluate the effectiveness of mitigating actions.
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Communicate, sustain and improve the risk management process.
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Risk management in specific areas for charity, e.g., fundraising, restricted reserves, investments, volunteer management, anti-money laundering, terrorist financing and cash flow management.
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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.
WHO SHOULD ATTEND
Board members, Finance Subcommittee, Audit & Risk Subcommittee, Senior management, HODs, and Finance & Risk teams.
SEMINAR FEES & FUNDING
Save up to $324 by reserving your seats before 9 Jun!
Fee Option | During Early Bird | After Early Bird |
|---|---|---|
SSAs-Charities Capability Fund (CCF) Training Grant | 836.00 | 944.00 |
Community Care Training Grant (CCTG) | 183.60 | 194.40 |
Standard Fee | 1836.00 | 1944.00 |
All prices stated include prevailing GST.
*Up to 80% seminar fee funding for NCSS member agencies
**Up to 90% seminar fee funding for AIC approved organisations
COURSE DATES & TIMES
10 & 11 Jul 2023
Day 1: 9 AM to 5PM
Day 2: 9AM to 5PM
WHAT PEOPLE SAY
"Very pleased with the training. Feel more confident about driving this concept for my organisation."
Prema Sadhasivan
Manager, Governance
Sree Narayana Mission
ABOUT THE FACILITATOR
Chris Ong Kok Chiong is a Managing Consultant with ILC, focusing on governance advisory services in internal controls and risk management. Chris is currently serving as a resource consultant to a major charitable organisation in Singapore. Chris has been a trainer with the Institute of Singapore Chartered Accountants since 2013 and has also provided training for other institutions and conference organisers.
Chris has robust global management experience across Asia, Europe and North America. He has been involved in leading roles in risk consulting and management since 2000. Chris was formerly the CEO of an organisation that is dedicated to serving charities in governance areas. He is the author of “Budgeting and Cash Flow Management”, Book 1 of Accounting and Finance Handbook for Charities, published in 2019.
Chris has a Bachelor of Science (honours) in Accounting and Information Technology from Leeds University (UK) and a Master in Business Administration from the University of Dubuque (Iowa, USA). He is currently a Fellow Chartered Accountant (England & Wales). He has qualified as a Chartered Accountant (Singapore) as well as a Certified Internal Auditor. He is also a member of the Singapore Institute of Directors.
