Events

Course Description:

The variety and complexity of risks facing today's organisations is increasing, due in part to emerging technologies, globalisation, and increased compliance obligations. How can Business Leaders ensure that they have an adequate understanding of these growing risks? How can they ensure that these risks are carefully considered and that "somebody" in the organisation is looking at these risk areas? Moreover, how can Business Leaders ensure that the people charged with responsibility for these various risk areas are working together to avoid gaps in risk management or duplication of effort?

Through real-world case studies, this 2 day program will explore the many ways that strategies and organisations can fail, and how to recognise and avoid these risks. Participants will learn the elements for effective enterprise risk management and how to anticipate, prioritise, mitigate, and manage the threats to their organisation, ranging from possible failures in compliance and internal controls to risks emanating from strategy to risks caused by external, uncontrollable events.

Learning Objective:

• The value proposition and benefits of ERM
• Practical implementation of a robust ERM framework, including critical success factors
• The importance of governance and culture within ERM implementation
• How to structure and develop a successful risk management function
• How to develop a risk appetite statement
• The different types of risk, including financial, operational, strategic and regulatory
• How to identify risks over different time horizons, including emerging risks
• Key risk indicators and measures
• Leveraging data to provide information for informed risk based decision making
• Embedding ERM

Areas Covered:

• The key concepts around ERM, likelihood, consequence, tolerance, and risk appetite
• The typical vs. ideal risk professional
• Best practices that optimize ERM, including Risk Frameworks and process
• Risk and Strategy – focusing on uncertainty that matters
• The time horizon of risk
• Culture and Risk
• Business Resilience – understanding black swan events
• Risk technology
• Techniques for the management of different types of risk, including control and transfer
• General concepts for valuing risk
• Risk Analytics
• Optimizing Risk Management – 2 sides of the coin (Opportunity and Threat)
• Practical ERM Case studies

Who will Benefit: