Advanced Enterprise Risk Management

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Venue Starting Date Duration Fees Join Now
Dubai - UAE , 20240527 27 - May - 2024 5 - Day $4,950 Register
London - UK , 20240729 29 - Jul - 2024 5 - Day $5,950 Register
Online - Virtual , 20241112 12 - Nov - 2024 2 Hrs X 8 Sessions $2,100 Register
Dubai - UAE , 20241209 09 - Dec - 2024 5 - Day $4,950 Register

COURSE OVERVIEW

Enterprise Risk Management is essential for organizations to navigate uncertainties, protect their interests, and seize opportunities in today’s dynamic business landscape. The turmoil in the world is continuing – with increasing public unrest, fluctuating oil prices, natural disasters of a scale thought unimaginable, volatile stock markets and world economic uncertainty. Thankfully, many organisations have realised that an Enterprise Risk Management (ERM) approach is needed. This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business.

This Advanced Enterprise Risk Management course will help the candidates better understand Enterprise Risk Management (ERM). Learn effective Risk Measurement Techniques and international risk standards. You will also learn how to apply the best practices for Business Continuity.

LEARNING OBJECTIVES

At the end of this “Advanced Enterprise Risk Management Program”, delegates will:

  • Implement appropriate and varied techniques for the identification and assessment of risks
  • Generate measurable value by aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations.
  • Engage the Board in the analysis of enterprise risk scenarios.
  • Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection.
  • Clarify Enterprise Risk Management (ERM) accountabilities of all employees from executives to the front line.
  • Implement Key Risk Indicators (KRI’s) for each line of business.
  • Enhance achievement of corporate objectives by linking performance targets, and risk management actions.

TARGET AUDIENCE

This “Advanced Enterprise Risk Management Program” is useful for various professionals including:

  • Chief Risk Officers
  • Risk Managers
  • Managers and Directors responsible for the risk management function or process
  • Heads of Internal Audit
  • Heads of Assurance Functions
  • Senior Finance Professionals

TRAINING METHODOLOGY

This highly practical and results-oriented “Advanced Enterprise Risk Management Program” training course is based on adult learning concept. The facilitator will give plenty of input and then help participants to make sense of the themes through discussion and practice. It incorporates short inspiring demonstrations, roles play and practice to enhance learning. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The program will reinforce key concepts within an inspiring and engaging learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

Module 1 - Understanding Enterprise Risk Management (ERM)

  • KeyTopics:

    • Characteristics of an Advanced Enterprise Risk Management (ERM) Process.
    • Board-level commitment to ERM.
    • Enterprise Risk Management (ERM) culture.
    • Transparency of risk communication.
    • Integration of financial and operational risk information.
    • Identify new and emerging risks using internal data and information from external providers.
    • Identifies and assesses risk events, plans and executes a response to them.
    • Identifying principal risk factors.
    • Risk Attitude

Module 2 - Enterprise Risk Management (ERM) Risk Measurement Techniques

  • KeyTopics:

    • The Enterprise Risk Management (ERM) Roadmap.
    • Review the Current ERM Environment.
    • Conduct Gap Analysis.
    • Conduct management workshops and agree on priorities.
    • Develop ERM roadmap of priorities for implementation.

Module 3 - Risk Measurement Methods

  • KeyTopics:

    • Fishbone Analysis.
    • Failure Mode and Root Cause Analysis.
    • Fault Tree Analysis.
    • Monte Carlo Simulations.
    • Bayesian Networks.
    • Emergent Risks.

Module 4 - Enterprise Risk Management (ERM) Issues

  • KeyTopics:

    • The Risk Register.
    • Risk Appetite and Risk Tolerance.
    • Key Risk Indicators (KRI’s).
    • Enterprise Risk Management (ERM) and Decision-making.
    • Adopt ISO31000 (the international risk standard) and apply the principles across the business.
    • Crisis Management.

Module 5 - Wider Aspects of Enterprise Risk Management (ERM)

  • KeyTopics:

    • Assurance and Enterprise Risk Management (ERM).
    • Energising Your Staff to Manage Risk
    • Enterprise Risk Management (ERM) in Projects and Joint Ventures
    • Business Continuity plan.
    • Roles of Internal Audit, Compliance, Risk Management, Insurance, Security etc

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