Risk Mitigation and Control Strategies

Categories: Chartered
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About Course

This module explores the full spectrum of strategies and controls organizations use to manage operational risk. You’ll learn how to choose between avoidance, reduction, transfer, and acceptance; design robust internal controls that embed risk management into daily operations; and build a systematic approach to third-party risk—from initial due diligence through ongoing monitoring. Practical examples and templates will help you apply these strategies in real-world contexts.

What Will You Learn?

  • How to select and apply risk mitigation strategies (avoidance, reduction, transfer, acceptance) to align with risk appetite
  • Techniques for designing and implementing preventive, detective, and corrective internal controls that embed risk management into daily operations
  • A structured approach to third-party risk management, including due diligence, contractual onboarding controls, and ongoing monitoring

Course Content

Risk Mitigation Strategies

  • Avoidance
  • Reduction
  • Transfer & Acceptance

Designing and Implementing Effective Internal Controls

Third-Party Risk Management

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