By attending this Enterprise Risk Management training course participants gain knowledge and skills to:

• Understand the importance of ERM to organizations.
• Determine and master the concepts, approaches, standards, methods, and techniques for the effective implementation of ERM
• Develop the necessary leadership skills enabling you to communicate your findings to all levels and all stakeholders
• Determine your organization’s appetite and tolerance for risk
• Assess, report, and monitor risks effectively.
• Identify, analyze and manage business risk effectively.
• Understand how ERM relates to crisis management, business continuity, and business resilience
• Apply your invaluable and highly relevant ERM knowledge to put into practice and benefit you and your organization immediately on returning
• Develop and implement a risk management strategy.
• Develop mitigations and contingency plans.

Enterprise Risk Management training course is ideal 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

There are no specific requirements for this Course. 

 ISO 31004 – Designing the Framework for Managing ERM

• ERM framework and process
• ERM responsibilities – who does what, who is on the team
• ERM accountabilities and performance measures
• Compare Your current ERM to ISO31000:2009 principles
• Alignment between ERM policy and the organization
• Risk attitude: pursue, retain or avoid with respect to risk appetite and tolerance
• Options for risk criteria, assessment, identification, analysis, and evaluation

Business Continuity Management Systems (BCMS)

• Fundamental principles of Business Continuity Management
• Implementation of a BCMS in accordance with ISO 22301 & 27031
• Business Impact Analysis (BIA) and Risk Assessment
• To understand the relationship between BCMS and the compliance with the other ERM requirements, including supply chain strategies
• Writing a business case and a project plan for the implementation of a BCMS
• Incident and emergency response management (including mutual aid)

 Implementing Effective Enterprise Risk Management

• Resources and methodologies to implement The Plan
• Ensuring ERM becomes part of significant decision-making
• Barriers to implementation (risk culture)
• Risk reporting & the limitations of various risk reporting tools & methodologies
• Assess the merits of quantitative risk modeling & qualitative reporting
• Align your risk reporting processes with other strategically important management activities, such as reputation management

Monitoring, Review and Continuous Improvement of the Framework

• Key risk indicators (KRI´s)
• Continuous improvements, running your own team-based risk workshops
• Collate risk and control information from multiple sources into a central risk register or inventory of risk information system
• Controls register or inventory of controls (The “Five Ws”)
• Understand feedback provided to you by those you communicate with and take on board “lessons learned”