Enterprise Risk Management Implementation in One Day

Whilst risk management is endorsed as best practice within modern organisations the implementation of integrated risk management across the enterprise is happening slowly and tentatively.

This course introduces delegates to the core concepts behind enterprise risk management thinking using a unique practical format.

Suitability and duration

Suitability: Basic - Intermediate

Duration: 1 day

Who should attend

Those that need to extend their knowledge and activities into Enterprise Risk Management. A simple case study will span the most important elements of the main section of this training course allowing delegates to learn by example.

Benefits

Skills

After completion of this course, you will be able to:

• Define the concept of Enterprise Risk Management
• Use appropriate terminology in discussions of Enterprise Risk Management
• Understand how to design, build and deploy an integrated Enterprise Risk Management system

Support Materials

The course is accompanied by a detailed manual that contains briefings, examples and reference materials.

Programme

Enterprise Risk Management

• Enterprise Risk Management (ERM)
• Roles and responsibilities for ERM

ERM at large

• COSO and the COSO ERM
• Core definitions and terminology that span ERM systems
• Risk appetite, reasonable assurance and the limitations of ERM systems

Building out an ERM system – learning by example

• The ERM architect
• Establishing the organisation’s context and drivers
• Including both financial and non-financial assets in the architecture
• Mapping the organisation’s objectives and linking them to core processes
• Evaluating risks that imperil the objectives
• Taking account of risk appetite and risk prioritisation
• Identifying conceptual control strategies
• Setting metrics
• Choosing optimum strategies via cascaded options
• Explosion of strategies into component parts
• Ensuring integration of risk mitigating activities within the enterprise
• Dealing with operational issues: variances and triggers
• Maintenance of completed operational structures