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Enterprise Risk Management

Program Objectives:

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.

    Program Outline:

    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
  •  

    Pre-requisites

    None:
    Duration : 4 days

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