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EncartaLabs

Enterprise Risk Management

( Duration: 2 Days )

This Enterprise Risk Management training course will provide an overview of the key elements involved in constructing and executing an effective enterprise risk management (ERM) system. Starting with organizational concerns surrounding corporate governance and transparency, this course provides the tools necessary for using risk management as a transparency-enhancing mechanism. Enterprise Risk Management is especially valuable for entities that are publicly listed or wanting to become publicly listed.

This course will cover the essential elements required for risk-based pricing (credit, market and operational risk assessment) and will demonstrate with examples at both the senior management and technical implementation level.

By attending Enterprise Risk Management workshop, delegates will learn:

  • The concepts and practical application of risk management
  • The benefits of an enterprise - wide approach to risk
  • How to embed an ERM approach
  • The different techniques for identifying risks
  • How to implement effective risk mitigation
  • How to link risk management into the business planning process
  • Techniques for the assessment of people, process and reputation risks
  • How to record the risk process effectively

This Enterprise Risk Management class is intended for:

  • Risk managers
  • Managers and Directors responsible for the risk management function or process
  • Senior Internal Auditors and audit managers
  • Other assurance professionals such as those in Compliance and QA functions who are being asked to review the risk process
  • Finance managers and Insurance professionals who need knowledge of the wider approach to risk management

COURSE AGENDA

1

The Meaning of Risk

  • Definitions & Terminology
  • Risk Ownership & Custody
  • Roles & responsibilities
2

Risk Management & Corporate Governance

  • Characteristics, Benefits & Applications of Risk Management
  • Risk Management Strategy & Process
  • Risk Management Frameworks & Standards
3

Enterprise Risk Management

  • Risk Interactions
  • The Challenges Presented by Risk Silos
  • Managing Enterprise Risk Holistically
  • Risk Philosophy, Methodology & Architecture
4

Risk Measurement & Risk Assessment

  • Risk Measurement (Qualitative)
  • Risk Assessment (Quantitative)
  • Risk Metrics
  • Identifying and Valuing Entities at Risk
  • Valuing Intangible Assets
  • Threat Identification, Domains, Agents, Catalysts, Inhibitors & Amplifiers
  • Risk Taxonomy
  • Business Impact & Consequences
  • Vulnerability Assessment
5

Risk Mitigation

  • Control Frameworks, Strategies & Objectives
  • Balancing Costs & Benefits
  • Total Cost Approach
  • Ensuring that mitigation of one Risk doesn’t increase others
6

Risk Appetite

  • Scoring Likelihood & Impact
  • Risk Thresholds
  • Key Risk Indicators
7

Risk Management Tools

  • Risk Information Management
  • Risk Registers
  • Dynamic Risk Dashboards
  • Integrated & Automated Risk Solutions
  • SABSA’s Risk Management Solution
8

Measuring Success of A Risk Management Programme

  • Risk Management Maturity Profiles
  • Applying Capability Maturity Models to Risk

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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