Course Info
In today's complex business environment, a robust risk management framework is essential. A well-defined risk taxonomy provides the foundation for effectively identifying, assessing, and managing potential threats across your organization. This structured approach enables better communication, consistent mitigation strategies, and informed decision-making.
This interactive workshop will delve into the fundamentals of risk taxonomy, guiding you through the process of classifying and managing risks to enhance decision-making, improve regulatory compliance, and strengthen your overall risk management capabilities. You'll learn how to align your risk taxonomy with industry best practices and organizational goals and participate in hands-on exercises to refine and optimize your current system.
What You Will Learn
- Define and differentiate between key concepts such as taxonomy, ontology, and thesauri.
- Explain the critical role of risk taxonomy in reporting, risk appetite definition, ownership assignment, and governance.
- Apply industry best practices to evaluate and enhance your organization's risk taxonomy.
- Analyze your current risk taxonomy, identifying strengths, weaknesses, and areas for improvement.
- Develop and propose specific changes to your risk taxonomy, including defining top-level categories and addressing interdependencies.
- Align your risk taxonomy with organizational goals and strategic plans.
- Outline a plan for evolving the risk taxonomy to support Enterprise Risk Management (ERM).
March 11–11, 2027
1:00 PM – 4:00 PM EST
MEMBER$350NON-MEMBER$500 SHOW DETAILS HIDE DETAILS
March 11–11, 2027
1:00 PM – 4:00 PM EST
Jessie Liu, RIMS-CRMP
Risk Officer, Bloomberg
August 24–24, 2027
10:00 AM – 2:00 PM EDT
MEMBER$350NON-MEMBER$500 SHOW DETAILS HIDE DETAILS
August 24–24, 2027
10:00 AM – 2:00 PM EDT
Jessie Liu, RIMS-CRMP
Risk Officer, Bloomberg
Who Should Attend?
This program is for risk managers, compliance officers, internal auditors, business unit managers, and anyone involved in risk identification, assessment, and management.
RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.
Your Instructor
FAQs
What is the policy for cancellations and refunds?
RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.
All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.