Advanced Enterprise Risk Management

Course Overview

Enterprise Risk Management (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.

In recent years, due to the turbulent environment, organizations are using ERM at the larger scale. Government regulatory bodies and investors have started to scrutinize companies' ERM policies. 

Financial institutes are the best example to review the benefits of ERM. Their success is dependent on creating a balance between profits and managing the risks.

Course Objectives

  • Effective and efficient management of risks and opportunities
  • Development of a motivated, skilled and knowledgeable team
  • Enhancement of business performance and improving risk taking approaches
  • Awareness about the best risk management practices

Course Contents

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
  • Risk responses and risk treatment

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

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

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 

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

Crises, Resilience and Future Risks

  • Crises, crisis management and communications
  • Learn lessons from the past
  • Build resilience
  • Understand emerging and future risks
  • Decision-making for the future

Target Audience

Senior Executives and Managers of all the departments of an organization.

Duration

05 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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