Enterprise Risk Management

1. Explain the essentials of Enterprise Risk Management (ERM).
2. Identify the risks that are derived from people, processes and systems and their impact on operations, and financial position of the company.
3. Anticipate problems before they become a threat.
4. Improve risk-based decision-making (RBDM).
5. Link risks and their potential costs with the business planning process.
6. Identify a range of techniques that can be used to support management in making appropriate decisions.

Managers, senior managers, directors, financial controllers, auditors and executives.

Introduction:

• Risk Perception
• Why Should we Care about Risk
• The Changing Environment

Risk Management and Corporate Governance: 

• Introduction to Corporate Governance
• Risk Management as Part of Corporate Governance
• Risk-Based Decision-Making

Risk Management and Corporate Control Environment: 

• Risk Management’s Influence on Designing Internal Controls 
• Risk-Based Internal Audit Assessment of Risk Management Performance

Enterprise Risk Management (ERM) and Its Evolution:

• ERM Evolution
• ERM Benefits
  • Strategic
  • Operations
  • Reporting
  • Compliance

• ERM Platform

Risk Categories:

• Strategic Risks
• Reporting Risks
• Financial Risks
• Physical: Life and Safety Risks
• Compliance
• Operations
  • External Environment: Socioeconomic, Regulations, Technology and Competition
  • Internal Environment: Structure, Processes and Culture

• To Laws and Regulations
• To Financial Reporting Standards 

ERM Components:

• Internal Environment
• Objectives Setting
• Event Identification
• Risk Assessment:
  • The Black Swan Challenge
  • Quantitative versus Qualitative Analysis
• Risk Response
• Control Activities
• Information and Communication
• Monitoring

• The Training lectures.
• The Group discussions.
• The Training Workshops.