Understand Enterprise Risk Management (ERM) principles for identifying, assessing, and prioritizing risks while developing skills to create and implement an ERM framework aligned with organizational goals. Learn to integrate ERM into strategic planning and governance.

Learning Objectives:

• Understand the key principles and frameworks of Enterprise Risk Management (ERM).
• Learn how to identify, assess, and prioritize risks across an organization.
• Develop skills to create and implement an effective ERM framework tailored to your organization’s risk profile.
• Explore how to integrate ERM into strategic planning and decision-making processes.
• Gain knowledge of various risk categories, including financial, operational, regulatory, and reputational risks.
• Learn how to implement risk controls, monitoring, and reporting mechanisms.
• Understand the role of governance in ERM and how to foster a risk-aware culture within the organization.
• Explore regulatory requirements and industry best practices for managing enterprise-wide risks.

Course Outline:

Introduction to Enterprise Risk Management (ERM):

• Definition and importance of ERM in today’s business environment.
• Key ERM frameworks  and their application.

Risk Identification and Assessment:

• Techniques for identifying risks across various areas of the organization.
• Assessing and categorizing risks based on likelihood and impact.
• Risk prioritization and developing a risk register.

Developing an ERM Framework:

• Steps to design and implement an ERM framework.
• Aligning ERM with organizational strategy and objectives.
• Roles and responsibilities in ERM (risk owners, committees, and leadership).

Risk Control and Mitigation Strategies:

• Implementing risk control measures to mitigate identified risks.
• Developing contingency plans and response strategies for potential risk events.

Risk Monitoring and Reporting:

• Setting up risk monitoring processes and Key Risk Indicators (KRIs).
• Reporting risks to stakeholders, including senior management and boards.

Governance and Culture in ERM:

• The role of leadership and governance in ERM.
• Fostering a risk-aware culture and embedding risk management into decision-making.

Regulatory Requirements and Best Practices:

• Overview of regulatory obligations and industry standards.
• Best practices for maintaining a dynamic and responsive ERM program.

Case Studies and Real-World Applications:

• Examples of successful ERM implementations in various industries.
• Lessons learned from risk management failures and how to avoid them.

Duration:

2-3 Days (with practical exercises, case studies, and risk management workshops).

Level: Intermediate to Advanced

• Suitable for risk managers, compliance officers, executives, and business leaders responsible for managing risks across an organization.

Prerequisite:

Basic understanding of risk management principles and corporate governance.

Category:

• Risk Management
• Corporate Governance/Compliance