About this Course

Enhance your organisation's ability to effectively manage uncertainty

Enterprise risk management is a comprehensive, systematic approach for helping the organisation to identify events and measure, prioritise and respond to the risks challenging its most critical objectives and related projects, initiatives and day-to-day operating practices.

Course Objectives

How ERM benefits your organisation? 

• Improved profitability and performance
  
• A comprehensive view of risks and controls throughout the organisation
  
• Risk-based management of resources and capital
  
• Enhanced dialogue with rating agencies and regulators
  
• Greater integration of governance, risk and compliance
  
• Balance and understanding between solvency needs and shareholder benefits
  

Typical Issues and Challenges:

• What is my company's risk effectively?
  
• Does my company have a risk appetite statement?
  
• How do I link group risk appetite with operational decisions?
  
• How effective is my risk governance framework?
  
• How can I promote guiding principles that create a corporate culture with high level of awareness and identification of fraud and corruption 'red flags'?
  

Course Outline

What is Enterprise Risk Management (ERM)?

ERM is a systematic process by which organisations:

• Maintain a portfolio view of key risks at group and business unit level
  
• Manage both the upside potential and downside impact based on the organisation's risk appetite and risk tolerance
  
• Measure and address both stand-alone event risks and how the individual risks interrelate
  

In this 1.5 days of ERM workshop, we will cover the key steps of:

Assess and Design

• ERM framework and approach
  
• Management awareness and buy-in
  
• High level programme/roadmap
  
• Risk inventories and registers
  

Build

• Risk appetite/ tolerance
  
• Process design
  
• Capital planning
  
• Integration plan
  

Integrate

• Embedding risk management practices into business processes
  
• Internal communication and change management
  

Validate

• Benchmarking against best practices
  
• Solvency II and other regulatory compliance assessment
  

Who should attend

• Risk management practitioners
  
• Finance managers
  
• Internal auditors
  
• Operations team
  

Course Duration

10.5 hours

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