Enterprise Risk Management known as (ERM) has evolved a lot since the seventies. From simply ‘buying’ insurance, it has now evolved and grown in importance to become a prime function in many organizations. It is now part of a bigger system known as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance.
This ERM course helps to avoid the effects of risk associated with earnings of the organization. It is a comprehensive process of planning, organizing and evaluating the activities of the organization. It consists of various risk assessments such as financial, strategic, operational and other types of risks.
Why this course
The course will help participants to go through the steps needed to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial or physical risk as well as risk in different industries.
What to expect
Identify internal and external changes that will create risks to the organization
Understand the relation with the board of directors through governance and improve Risk-Based Decision Making (RBDM)
Influence internal controls by choosing the response to the risks identified
Classify risk categories in the organization and identify right authorities to manage them
Analyze, assess and improve risk management practices within the organization
What is the course schedule?
Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.
The course will have a maximum of 14 people who will be selected based on the type of business they are in and their job role to ensure a thorough mix of industries, ideas and experience.
The programme is designed to enhance learning through group and individual cases and exercises. There are a number of opportunities to practice techniques and evaluate skill levels.
The course will be supported with handouts and post course references. The design of each course will provide for each participant’s preferred learning style and optimize experiential learning processes.