Enterprise Risk Management
By the end of the program, participants will be able to:
Explain the essentials of Enterprise Risk Management- ERM, and detail its 7 contributions.
Use lessons learned from the events of the Black Swan.
Identify the risks that are derived from people, processes and systems and their impact on operational,
environmental and financial elements.
Anticipate problems before they become a threat.
Improve risk-based decision making.
Link risks with the business planning process.
Identify a range of techniques that can be used to support management in making appropriate decisions.
This Program is designed for:
Managers, senior managers, directors, financial controllers, auditors and executives.
| Introduction |
The 8 Components of ERM |
| Risk Perception
Why Should We Care about Risk
The Changing Environment |
Internal Environment
Objectives Setting
Event Identification
Risk Assessment:
o The Black Swan Challenge and Its Importance
o Quantitative versus Qualitative Analysis
Risk Response
Control Activities (The Process of Operation Risk
Management- ORM)
Information and Communication
Monitoring |
| Managing Time and Stress |
| Evolution of ERM
Benefits of ERM
The 4 Driving Forces of ERM |
| The 6 Categories of ERM |
Strategic
Reporting
Financial
Life
Compliance
Operations:
o Environment (External and Internal)
o Excellence in Operational Risk:
Creating a No Surprise Environment
Improving Financial Performance
Pursuing Active Management of Risk |
|
