Enterprise Risk Management

Enterprise Risk Management

Monday 12 July 2021

  • Duration: One Week
  • City: Madrid
  • Fees: Classroom: 4350 GBP / Online: 1975 GBP


Course Overview:

Enterprise risk management (ERM) is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize risks to the organisation.  ERM is an overarching business management process designed to reduce the chances of a business experiencing major losses.  ERM covers all aspects of risks including financial, strategic, operational and other risks.  ERM enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value.  ERM is about the whole organisation and should be part of everyone’s job, not just management or the accountant or the auditor.  This training is relevant to all cadre of staff, including directors and senior management who have prime responsibility for risk management in the organisation.

Course Benefits:

By attending this course you will gain the knowledge and skills to:

  • Understand the importance of ERM to organisations.
  • Implement ERM in your organisation
  • Assess, report and monitor risks effectively.
  • Identify, analyse and manage business risk effectively.
  • Develop and implement a risk management strategy.
  • Develop mitigations and contingency plans.

Course Content:

  • Designing a framework for managing risk
  • Why ERM is critical to organizations’ achieving their objectives.
  • Objectives of ERM
  • Implementing an effective ERM system
  • Essential output of an ERM system
  • COSO: Components of risk management
  • Critical elements in the design of ERM systems
  • Reasons why ERM systems fail
  • Risk assessment, identification, evaluation and classification.
  • Implementing a risk management strategy
  • Risk reporting, monitoring and ownership
  • Contingency planning and business continuity.
  • Impact analysis and containment planning.
  • Developing risk registers and risk maps.
  • Case Study –  example of a bank’s risk management framewor
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