If you are planning a conference, team-building event, or away day, and looking for a way to bring your event to life – we can help. Our experiential simulations and activities, which can be tailored to your needs, will drive engagement, and turn passive sessions into fun and active experiences. Whatever the theme of your event, we will have a solution to meet your needs.
Risk Management Simulation
Our Risk Management Simulation highlights the importance of robust risk controls and that everyone has an active role to play in managing risk. In this interactive simulation, participants explore risk management by managing a business operation exposed to a number of operational risks. Tasked to deliver an acceptable return, they have the option to consider a range of additional controls which they must make an active business decision, based on information presented.
Helps to embed your organisation’s risk culture
Everyone has an active role to play and a responsibility for managing risk, irrespective of which division they may work in or their role in your financial institution. The simulation helps embed this by focusing participants on the importance of risk management to the successful and profitable operation of your organisation.
Helps to highlight the importance of effective risk controls
The simulation helps to highlight that investing in risk management controls is no different from any other business decision and should be assessed on a cost versus return basis. In the simulation, participants are introduced to three different product lines, all within the risk appetite of the organisation, that they could offer customers. In deciding their approach, participants must perform a high-level risk and return analysis prior to selecting the product they wish to deliver. They are then introduced to additional risk controls that they can choose to invest in, or not, given how robust they think their existing controls are. However, they must weigh this decision up in the context of aiming to deliver against a specific perfomance target.
A flexible simulation for risk management training
A great solution for virtual training events
Our digital Risk Management Simulation offers a great solution for virtual training, where participants get to feel and experience risk. The simulation can be run as a team acitivity or where participants work individually.
A flexible simulation that can adapted for a range of learning initiatives
The simulation is approximately one hour in duration. Many clients use the simulation to enhance an existing risk workshop or induction programme. Depending on your needs, we can also wrapper our facilitator-led sessions around the simulation to help embed key risk frameworks and messaging.
A flexible simulation that can tailored and aligned to your audience
The simulation offers a good fit for early careers inductions and new hire onboarding programmes. It is also a great solution for CPD as part of an introduction to risk programme where key messages need to be communicated and embedded.
Aligned to your organisational risk frameworks
The simulation follows a logical risk management process. However, the simulation can also be tailored to mirror your specific risk framework, culture and messaging.