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Sunday, October 17, 2021

Trade ministry begins enterprise risk management training

By Olimatou Coker

Following the Government’s recognition of the need for every ministry/department/agency to have a Risk Register, the Ministry of Trade, Industry, Regional Integration and Employment on Wednesday 24th March, 2021 convened a three-day training workshop under the theme ‘knowledge-sharing on Enterprise Risk Management’ organized by the Administrative Unit of this ministry.

The objective of the training is to equip members of staff with the knowledge on the concepts of risk and risk management, expose staff to the tools required for the preparation of a risk register and have a holistic risk register for directorates/departments, agencies and units for 2021.

In his opening remarks, the Permanent Secretary at the Ministry of Trade, Mr Hassan Jallow, said the essential performance monitoring tool for every organization, Risk Register, helps in risk identification, monitoring, prevention and treatment as well as findings solutions for reduction of risk impact.

“The management of this ministry under my leadership appreciates the efforts and commitment that members of staff dedicate themselves to the knowledge sharing on ERM and also in preparation of a risk register for the Ministry,” PS Jallow stated.

He pointed out that the overall goal of this training is to upgrade effective knowledge and skills to better streamline ERM in the Annual Work Plan of the ministry assessment process.

This workshop has been designed to be practical with exercises to provide skills, encourage participation and exchange information. I thank the Administrative Unit for initiating and organizing this training.

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