Overview

 

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?

 

Day 1 8.30 AM to 4.30 PM

 

  • Principles of Risk and Risk Management

  • Concepts and definitions of risk and risk management

  • Risk management standards

  • Enterprise risk management

  • Risk assessment 1: Introduction and identification

  • Risk assessment 2: Risk analysis and evaluation

Day 2 8.30 AM to 4.30 PM

 

  • Practice of Risk Management

  • Global business environment

  • Risk strategy and framework

  • Risk culture, appetite and tolerance

  • Risk and organizations

  • Risk assurance and reporting

  • Case studies in organizational risk management

Day 3 8.30 AM to 4.30 PM

 

  • Risk Assessment

  • Types and sources of risk information

  • Risk identification techniques

  • Qualitative risk analysis

  • Quantitative risk analysis and risk modeling

  • Present risk assessment information

  • Use risk assessment information

Day 4 8.30 AM to 4.30 PM

 

  • Risk Treatment

  • Introduction to risk treatment

  • Evaluate and select risk control mechanisms

  • Identify, allocate and resource risk controls

  • Monitor, review and report on risk controls

  • Risk financing mechanisms

  • Business continuity management 

Day 5 8.30 AM to 4.30 PM

 

  • Risk, Governance and Culture 

  • Corporate governance, risk oversight, internal control and assurance

  • Strategic planning and risk management

  • Risk perception and human behavior

  • Risk culture, business ethics and organizational change

  • Risk management performance

  • Reputation risk management

  • Who should attend?
  • Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.

  • Participants
  • 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.

  • Training Style
  • 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. 

    Contact our training division