Practical Approach Operational Risk and Fraud Risk Management in Financial Institutions and Public Sector
The Institute of Risk Management Tanzania (IRMT) invites professional members, stakeholders, and interested individuals for the advanced risk management training for the management and technical staff as follows:
Venue: Sugar Research Centre/TARI (KIBAHA) Close Tumbi Hospital.
Dates: 25th to 28th January, 2022
Fees: TZS. 850, 000
Award: Certificate of Achievement
CPD hours: 32
Venue: New Africa Hotel, Dar es Salaam
Dates: 27th to 01ST March 2019
Award: Certificate of Achievement
Fees: TZS. 750, 000
Targeted group: Risk Directors, Risk Managers, Risk Officers, Fraud Managers and other anti-fraud professionals, Senior and middle-level Managers, Operations Managers and Officers, Accountants, Auditors, Treasury Managers and Officers, Procurement Managers & Officers, Project Coordinators, Financial controllers, Operational Risk Managers and Officers, Compliance Managers and Officers, Consultants, Corporate Executives, IT personnel, Human Resource managers & Officers.
Course Coordinator: Course Coordinator: Christopher Njovu +255733144222 or 0734 415 688 or visit website: www.irmt.or.tz or you may send an email info@irmt.or.tz or visit our offices on address detailed below.
Course Overview – Introduction
Organizations in the contemporary environment are facing numerous operational challenges that have compelled regular reviews of internal controls and risk mitigation mechanisms, and with increasing exposures risks that are technological, operational and human related, more robust approach to operational and fraud risk management has become of paramount importance. The training has come up on understanding on the strong symbiotic relationship between public and financial sectors, and that their collaborations should be able to shape ethical conduct and best practices.
Course Objective
The course objective is to equip participants with knowledge and insights on operational and fraud risks element exposures, and gain skills on detective, assessment and preventive techniques that at the end will enable them support entity-wide approach towards establishment of effective system of internal controls plus organizational pro-active initiatives aimed at promoting diligence, best practices, anti-fraud culture and ethical behavior.
Course content
- Conceptual Framework of Risk and Risk Management
- Understanding Risk Strategy and framework (Risk Architecture, Strategy and Protocol).
- Introduction to Operational and fraud Risk Management.
- Legal and regulatory framework relating to fraud risk management in Tanzania.
- Classification of operational risk
- Factors responsible for creating operational risk
- Measurement of operational risk
- Operational risk control
- Information systems in operational risk
- Meaning causes and indicators of fraud (Red flags).
- Emerging Operational Risks in new platforms (Cyber, money laundering)
- Challenges of measuring operational and fraud risk
- Basel II – Ten commandments of operational risk management.
- Fraud triangle in organization, Fraud investigation and reporting, and Fraud deterrence
- Role of financial institutions in fighting fraud and money laundering.
- Risk Management aware culture to promote anti-fraud culture in organizations.
Course Information
- The Fees includes the costs for the training venue, stationeries and refreshments during the training session.
- The fees are payable directly to bank account: IRMT Institute of Risk Management Limited Account No. 0150206213700 at CRDB Bank
NB: Participants should make payment by cheque or Bank transfer at least two (2) days before the commencement of the training/event.
Risk Management Certification Examination
IRMT announces commencement of Registration for June 2022 professional examination session. The registration is divided into three levels; Certified Risk Management Professional (CRMP), Certified Financial Services Risk Specialist (CFSRS) and Certified Risk Management Technician (CRMT). The details for qualification and registration requirement are available on our website: www. Irmt.or.tz or visit the IRMT offices:
The Institute of Risk Management,
Ubungo Plaza, Morogoro Rd,
2nd floor, Office No: 207A,
P.O.BOX 71902,
Dar es Salaam, Tanzania.
Call us: +255733144222 or +255734415688 or email info@irmt.or.tz