Risk Taxonomy for Effective Risk Management
Virtual Workshop
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.
Registration Fees
RIMS Members: $350 USD | Non-members: $500 USD (review registration details below)
UPCOMING WORKSHOPS
July 24 | 11:00 am–3:00 pm ET
Registration Closes July 23| Enroll
Now
Instructor: Joseph Mayo, RIMS-CRMP,
President, J.W. Mayo Consulting LLC
WHAT YOU WILL LEARN
Workshop participants will walk away with the ability to:
- 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 their organization's risk taxonomy.
- Analyze their current risk taxonomy, identifying strengths, weaknesses, and areas for improvement.
- Develop and propose specific changes to their risk taxonomy, including defining top-level categories and addressing interdependencies.
- Align their risk taxonomy with organizational goals and strategic plans.
- Outline a plan for evolving the risk taxonomy to support Enterprise Risk Management (ERM).
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.
Formats: Live virtual, in-person, corporate or RIMS chapter training.
Contact PD@RIMS.org regarding corporate and chapter training.
REGISTRATION FEES
July 24, 2025
For registration assistance, please contact our Professional Development Team at PD@RIMS.org.
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 more prior to the start of the workshop can receive a credit to attend another workshop with the same duration and cost within three months.
You may cancel your registration at any time by emailing PD@RIMS.org. Cancellations received more than 30 days prior to the start of the event will receive a 100% refund. Cancellations received 15 to 30 days prior to the start of the event will receive a 50% refund. No refunds will be provided for cancellations received less than 15 days prior to the event. No refunds will be issued after the event. All refunds will be refunded to your original method of payment. Registrations may not be shared but may be transferred at no cost up to 15 days prior to the start of the event with notification to PD@RIMS.org.