Cambridge
Academy
In London
Course Description
Course Duration: Five Training Days
Course Language: Arabic or English
Include:
Scientific material with TAB
Workshops
Reception and farewell at the airport
Daily lunch
Coffee Break
Introduction
An enterprise-wide approach to risk management allows organizations to consider the potential impact of all types of risks upon processes, activities, stakeholders, products, services, to realize business objectives and seize new opportunities.
Enterprise Risk Management (ERM) is important because its success determines the health and life of the business enterprise. If an organization fails to identify risks to its existence, it will be ill prepared to face any risk events.
This Enterprise Risk Management training course aims to provide you with the fundamental principles of risk management using an integrated approach. It will provide the relevant knowledge and skills required for you and your business to manage risk systematically to improve performance within all areas of your organization to maximize all opportunities and minimize all threats.
Objectives
By attending this Enterprise Risk Management training course you will gain the knowledge and skills to:
Understand the importance of ERM to organizations.
Determine and master the concepts, approaches, standards, methods and techniques for the effective implementation of ERM
Develop the necessary leadership skills enabling you to communicate your findings to all levels and all stakeholders
Determine your organization's appetite and tolerance for risk
Assess, report and monitor risks effectively.
Identify, analyze and manage business risk effectively.
Understand how ERM relates to crisis management, business continuity and business resilience
Apply your invaluable and highly relevant ERM knowledge to put into practice and benefit you and your organisation immediately on returning
Develop and implement a risk management strategy.
Develop mitigations and contingency plans.
Who Should Attend?
Enterprise Risk Management training course, is ideal for :
Risk Managers
Managers and Directors responsible for the risk management function or process
Senior Internal Auditors and Audit Managers, other assurance professionals such as those in Compliance and QA functions who are being asked to review the risk process
Finance Managers and insurance professionals who need knowledge of the wider approach to risk management
Course Outline
unite1:
Principles of Risk and Enterprise Risk Management
Objectives & Governance, concepts & definitions
Mapping and assessing Your current governance arrangements
Commitment - Setting Your objectives for implementing the latest guidance
Who are the internal and external stakeholders?
The importance of culture, communication and behavior in seeking an effective ERM structure
An overview of the global post pandemic business environment
Enterprise Risk Management – The Resilient Organization
unite2:
ISO 31004 – Designing the Framework for Managing ERM
ERM framework and process
ERM responsibilities – who does what, who is on the team
ERM accountabilities and performance measures
Compare Your current ERM to ISO31000:2009 principles
Alignment between ERM policy and the organization
Risk attitude: pursue, retain or avoid with respect to risk appetite and tolerance
Options for risk criteria, assessment, identification, analysis and evaluation
unite3:
Business Continuity Management Systems (BCMS)
Fundamental principles of Business Continuity Management
Implementation of a BCMS in accordance with ISO 22301 & 27031
Business Impact Analysis (BIA) and Risk Assessment
To understand the relationship between BCMS and the compliance with the other ERM requirements, including supply chain strategies
Writing a business case and a project plan for the implementation of a BCMS
Incident and emergency response management (including mutual aid)
unite4:
Implementing Effective Enterprise Risk Management
Resources and methodologies to implement The Plan
Ensuring ERM becomes part of significant decision-making
What are the likely barriers to implementation (risk culture)?
Risk reporting & the limitations of various risk reporting tools & methodologies
Assess the merits of quantitative risk modelling & qualitative reporting
Align your risk reporting processes with other strategically important management activities, such as reputation management
unite5:
Monitoring, Review and Continuous Improvement of the Framework
Key risk indicators (KRI´s)
Continuous improvements, running your own team-based risk workshops
Collate risk and control information from multiple sources into a central risk register or inventory of risk information system
Controls register or inventory of controls (The “Five Ws”)
Understand feedback provided to you by those you communicate with and take on board “lessons learnt”