ERM - Enterprise Risk Management

Course review:

The objective of this 2 day course is to provide participants with the necessary knowledge and skill set to understand the risk management processes and explore the benefits of Enterprise Risk Management as well as to demonstrate how the COSO – ERM framework enables organizations and management to:

• Comply with the requirements for corporate governance
• Align risk appetite with strategy
• Enhance risk response decisions
• Reduce operational risk and losses
• Identify and manage multiple and cross-organizational risks
• Provide integrated responses to multiple risks
• Improve the deployment of capital

Attendees will have a chance to learn how to design and implement an appropriate Enterprise Risk Management system including policies, procedures and practices as well as to benchmark their ERM practices against the COSO – ERM framework.

Main Topics Covered During This Training

• International Risk Management Frameworks
• ERM and Corporate Governance
• Setting objectives for ERM
• Establishing the ERM process and systems
• The COSO ERM Framework
• Risk assessment and management
• ERM and the role of Internal Audit
• Operational auditing of ERM
• Practical implementation of ERM
• ERM in companies, banking sector and insurance