The Psychology of Risk
Short course
Online
Description
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Type
Short course
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Level
Intermediate
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Methodology
Online
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Class hours
5h
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Duration
2 Days
To consider the regulatory requirements pertaining to risk management through the lens of psychology and human behaviour, including in stress situations of volatility, uncertainty, complexity and ambiguity a.k.a. ‘VUCA’, that is now considered to be the ‘new normal’. Participants will receive their own individual risk type assessment based on psychometric testing that will help to illustrate how different people react to the same situation in different ways, and how these varying human responses represent a risk to the organisation – individually and collectively.
Participants will also become aware of how to manage these risks by minimising threats and maximising opportunities, whilst also being introduced to a people-risk management framework to support operationalisation of key learnings.
About this course
No prerequisites for enrollment in this course are in place
Yes, LGCA offers a more advanced programme on the subject
Reviews
Subjects
- Risk
- Psychology
- Risk Management
- IT risk
- Risk Assessment
- Risk Analysis
- Risk Insurance Management
- Business Risk
- Asset Management
- Investment
Teachers and trainers (1)
Petros Florides
Senior Regional Governance Advisor, World Vision Int'l
Petros Florides has over 25 years’ financial services experience. Petros is a non-executive Director of the CISI Board of Directors. He is currently employed as a Senior Regional Governance Advisor for World Vision International and is responsible for the region extending from Ireland to New Zealand. Petros has also published articles on governance in the public sector and wrote a Code for Public Sector Governance which, after five years of public consultation, was recently approved by the Cyprus Council of Ministers for implementation.
Course programme
- By the end of the programme, participants will:Review a case study to appreciate the importance of human behaviour in managing risk
- Understand regulatory requirements pertaining to risk management through the lens of psychology and human behaviour
- Understand human behaviour under stress situations of volatility, uncertainty, complexity and ambiguity (a.k.a. VUCA)
- Understand own risk type based on psychometric testing, and how to best utilise own and other risk types for purposes of risk management and achievement of organisational goals
- Understand how to use a people-risk management framework to manage people risk
- Case Study
- Relevant Regulation
- The Importance of Culture
- Review Psychometric Test Results
- VUCA: The New Normal
- People Risk Framework
The Psychology of Risk