Enterprise Risk Management: Bringing it to Life by Turning Practice into Theory

This course goes beyond the basics, showing you how to apply ERM concepts in real-world scenarios. You’ll learn how to identify and assess risks, develop effective response strategies, and integrate risk management into your everyday business processes. With interactive exercises and real-life case studies, you’ll gain practical experience that you can immediately put to use. Join us and transform your approach to risk management.

Key topics covered:

1. What is ERM?

2. The value of ERM

• Clearly defining and articulating the objectives, purpose, uses and value add of ERM

• Moving risk management from hindrance to outcome management as an enabler

3. Understanding risk and controls

• Having a clear understanding of risk and controls, their components and types

• Using risk bow tie analysis

• Creating a strong risk taxonomy of risk and control libraries  

4. An enterprise risk management framework

• The overall ERM ecosystem/framework. The “jigsaw”

• Integrating with, and linking to, strategy and objectives

• The importance of linking through critical processes

• The key parts of the framework 

5. The risk management framework components

• Governance

• Processes and systems

• People and culture

• Escalation, reporting and response

• Continuous improvement 

6. ERM governance

• Risk appetite

• Three lines model

• Frameworks and policies

• Roles, responsibilities and accountabilities 

7. Processes and systems

• Risk assessment

• Incident management

• Risk metrics

• Issues and actions

• Controls assurance

• Compliance 

8. Escalation, reporting and response

• Dynamic and integrated risk reporting and analytics

• Assurance and early warnings

• Using for decision making

9. Continuous improvement

• Issues and actions management

• Risk treatment 

10. People and culture

• Everyone’s a risk manager

• Risk culture

• Roles, responsibilities, accountabilities and ownership