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Fundamentals of Risk Management 7: Risk Monitoring

Risk monitoring is within the broader ecosystem of the risk management process.

It involves maintaining continuous awareness of an organisation's risk environment as well as its risk management programme and associated activities to support risk decisions.

Our Risk Monitoring course will help you understand the importance of monitoring risk and implementing a risk and control monitoring programme.

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Learning objectives

  • Understand the importance of risk monitoring within the context of the Management of Risk (MoR) framework
  • Distinguish between periodic and continuous risk monitoring
  • Understand why continuous risk monitoring is essential and the benefits it provides to our Company
  • Implement a risk and control monitoring programme
  • Identify risk and control monitoring programme implementation challenges
  • Understand how the three lines of defence responsibilities in relation to risk monitoring

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is risk monitoring?

The Management of Risk (MoR) framework

  • How does a company monitor risks & controls?

What is continuous risk monitoring?

  • Scenario: using technology for continuous monitoring
  • The right way to do continuous monitoring
  • Current content: Why continuous risk monitoring is essential

What are the benefits of continuous risk & control monitoring?

How to implement a risk & control monitoring programme

  • Implementing a risk & control monitoring programme: True or false?

What do the regulators say about risk & control monitoring?

Risk & control monitoring programme implementation challenges

  • Tackling risk monitoring programme implementation challenges

The Three Lines of Defence & how they support risk monitoring

  • You decide: The roles of the three lines of defence in risk monitoring

Summary
Affirmation
Assessment

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Your questions, answered

Common FAQs

Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Is our training content still compliant with the latest legislation?

  • You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
  • For major legislative changes, we:
    • Will send you email alerts to ensure you are notified
    • Offer you a free trial of newly created or updated content
    • Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance

Can you translate our content into other languages?

Yes, we offer translations in a wide range of languages. Let us know your needs, and we’ll confirm availability or work with you to plan translations for your selected modules.

How can I give employees a secure way to record suspicious activity so we can act quickly?

Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.

What file types are supported by the Skillcast system?

Features

Supported file types and details

File Exchange

File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB

SCORM files

Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB

xAPI file

Max file size: 2GB

Videos

File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help

Images

File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB

CPD evidence

File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Policy documents

PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Offline activities evidence

File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Client logo files

File types provided by client: EPS, PDF, AI and SVG

Registers

PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files

Declarations

JPG, JPEG, PNG, GIF, XLS and XLSX files