Enhance your organisation’s ability to effectively manage uncertainty

Enterprise risk management is a comprehensive, systematic approach for helping the organisation to identify events and measure, prioritise and respond to the risks challenging its most critical objectives and related projects, initiatives and day-to-day operating practices.

Course Objectives

How ERM benefits your organisation? 

• Improved profitability and performance
• A comprehensive view of risks and controls throughout the organisation
• Risk-based management of resources and capital
• Enhanced dialogue with rating agencies and regulators
• Greater integration of governance, risk and compliance
• Balance and understanding between solvency needs and shareholder benefits

Typical Issues and Challenges:

• What is my company’s risk effectively?
• Does my company have a risk appetite statement?
• How do I link group risk appetite with operational decisions?
• How effective is my risk governance framework?
• How can I promote guiding principles that create a corporate culture with high level of awareness and identification of fraud and corruption ‘red flags’?

Course Outline

What is Enterprise Risk Management (ERM)?

ERM is a systematic process by which organisations:

• Maintain a portfolio view of key risks at group and business unit level
• Manage both the upside potential and downside impact based on the organisation’s risk appetite and risk tolerance
• Measure and address both stand-alone event risks and how the individual risks interrelate

In this 1.5 days of ERM workshop, we will cover the key steps of:

Assess and Design

• ERM framework and approach
• Management awareness and buy-in
• High level programme/roadmap
• Risk inventories and registers

Build

• Risk appetite/ tolerance
• Process design
• Capital planning
• Integration plan

Integrate

• Embedding risk management practices into business processes
• Internal communication and change management

Validate

• Benchmarking against best practices
• Solvency II and other regulatory compliance assessment

Who should attend

• Risk management practitioners
• Finance managers
• Internal auditors
• Operations team

Course Duration

10.5 hours