Past event: Enterprise Risk Management (ERM)

Various parts of the country are still battling the Coronavirus (COVID-19), we will conduct the class 100% online.

Enterprise risk management (ERM) includes the strategies, methods and processes used by business organizations to manage risks.

ERM sets out a framework for risk management. Typically this involves identifying specific events or circumstances relating to the business organization's objectives (in terms of risks and opportunities), assessing them on the basis of their likelihood of occurrence & their magnitude of impact on the firm, determining a response strategy, and monitoring progress of the event, the response and the outcome.

By being proactive in the identification and addressing such risks and opportunities, business organizations protect shareholder value as well as create additional value for their stakeholders, including the owners, employees, customers, regulators, and ultimately society overall.

ERM can may also be seen as a risk-based approach to managing a business, integrating the concepts of internal control, regulatory requirements (such as the Sarbanes-Oxley Act), and strategic planning.

ERM continues to evolve and aims to address the needs of various stakeholders, who want to understand the broad continuum of risks that face complex organizations to make certain they are managed appropriately. Regulators and rating agencies have also increased their scrutiny on the risk management processes of companies and firms. This increased scrutiny today makes up an important component of how the outside world views business organizations.

This practical 2-day hands-on training course provides you with an understanding of the requirements needed to design and implement an appropriate Enterprise Risk Management system, i.e. policies, procedures, practices, and accountability required to establish the right levels of Risk Management in compliance with current standards and other requirements for their organizations. It will benchmark their ERM practices against the COSO - ERM framework, and learn how to implement an effective ERM system.

The course provides an opportunity for delegates to benchmark their ERM practices against the COSO - ERM framework, and learn how to implement an effective ERM system.

Organizations are experiencing an increased concern and focus on risk management. The challenge for management of both private and public organizations today is to determine how much uncertainty to accept as it strives towards achieving the organization’s objectives and delivering value to its stakeholders.

The solution to this challenge is the establishment of an Enterprise Risk Management (ERM) system and processes that effectively identify, assess, and manage risk within acceptable levels.

The COSO Enterprise Risk Management - Integrated Framework is designed to provide best practice guidance for management of businesses and other entities to improve the way they are dealing with these challenges.

COSO - ERM integrates various risk management concepts into a solid framework in which a common definition is established, components are identified, and key concepts described. This enables COSO to provide a starting point for organizations to assess and enhance their Enterprise Risk Management.

Course Objectives:

The course will provide participants with the necessary perception, knowledge and skill set to understand the risks and benefits of Enterprise Risk Management and learn how the COSO - ERM framework enables organizations and management to:

• Comply with the requirements for corporate governance (such as the various international standards like Sarbanes-Oxley and the Cadbury Report),
• Align risk appetite and strategy,
• Enhance risk response decisions,
• Reduce operational surprises and losses,
• Identify and manage multiple and cross-organizational risks,
• Provide integrated responses to multiple risks,
• Improve the deployment of capital,
• Introduces the concept of unpredictability and the steps that can be taken to lessen its impact.

Methodology:

This is a highly interactive course comprised of presentations, case studies, multidirectional discussions and comprehensive exercises.

Most importantly it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation.

Who will Benefit:

This practical hands-on training course is designed for all businesses both large and small. The following job titles/ positions will benefit from participating;

• Ethics & Compliance Executives/Managers
• General / Corporate Counselors
• Corporate Legal Executives/Managers
• Business Division Managers
• Branch and Regional Management
• Supply chain and procurement directors, managers and their staff
• Board members, especially risk and audit committee chairs and members
• Heads of market, credit, and operational risk
• Head of Risk Management
• Risk Officers
• Compliance Officers
• Audit Officers
• Financial Officers
• Auditors (External & Internal)
• Risk management consultants

In-Person Seminar going Virtual with increased learner satisfaction.

Yes, attend this seminar from anywhere. We are making it real and more interactive - Here's a sneak peek:

Our enhanced delivery process and technology provides you an immersive experience and will allow you to access:

• The real-time and live presentation as in in-person events
• Private chat for company-specific conversation - the same as you would get in an in-person seminar
• Opportunities to connect with your peers to share knowledge at a different time and have group discussions
• Live workshop activities
• Live Q&A during the event and offline Q&A assistance after the event
• As usual more content, activities and case studies and now adding homework for a comprehensive understanding
• Certifcation