"Product and Business Practices Risk" Module is part of the "Certified Chief Risk Officer (C-CRO)" and the " Certified Operational Risk Officer (C-ORO)" training programs.
"Product and Business Practices Risk" Module is part of the "Certified Chief Risk Officer (C-CRO)" and the " Certified Operational Risk Officer (C-ORO)" training programs.
Target Audience
Sustainability Consultants / Professionals
Legal Counsels
Compliance Professionals
Financial Analysts
Investment Professionals
Mid-level and Senior Managers
Risk Professionals
Anyone dealing with Sustainability or ESG capacity in the organization
About
Subject Areas
Anatomy of products
Product life cycle and risks
When a product fails
General principles of modelling failure and impact recognition
Distinction between normal wear and failure
The safe and unsafe failure of a product
Examples and comprehension quizzes
Product Risks
Techniques for identifying and assessing the risks of product failure
Introduction to product safety systems – System structure & benefits of adopting them
Techniques for dealing with risks of product failure
Examples & comprehension quizzes
Tracing & Product Safety Monitoring & Controls
Principles of tracing, monitoring and control of product safety
Modern concepts & product monitoring technologies
The role of the decentralized ledger as a tool Tracking
Product forensics failure testing techniques
Management of incidents of product failure (crises) – its importance Preparation
Benefits of product safety practices in design, development and their life cycle
Examples & comprehension quizzes
Insurance related to products
Basic principles of product insurability
Introduction to product liability and recall insurance
Management of insurance claims related to products
Examples & comprehension quizzes
Risks of business practices
Anatomy of risks of business practices
Key risks related to business practices:
Violations of custodians / administrators
Suitability of services, lack of customer knowledge
Information disclosure violations
Privacy violation
Aggressive sales
Speculation
Incorrect use of confidential information
Responsibilities of lenders
Violation of antitrust rules
Market manipulation
Control & management of risks in business practices