Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Risk Managers and Compliance Officers
• Internal Audit Professionals
• Senior Management and Strategy Leads
• Board Members and Governance Committees

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Establish an ERM framework that aligns with globally recognized standards (e.g., ISO 31000).
• Identify and categorize risks across all enterprise categories (strategic, operational, financial, compliance, ESG).
• Develop a comprehensive risk appetite and tolerance statement linked to business goals.
• Apply various qualitative and quantitative risk assessment techniques (e.g., FMEA, heat maps).
• Design and implement effective risk treatment and control plans.
• Report on enterprise risk posture to the Board and executive leadership.

DAY 1

The Foundations of Enterprise Risk Management (ERM)

• Defining Enterprise Risk Management (ERM) and its benefits
• Comparing traditional risk management vs. integrated ERM
• The key components of a robust ERM framework and policy
• Linking ERM to strategic planning and goal-setting

DAY 2

Enterprise Risk Identification, Risk Appetite, and Decision-Making

• Categorizing enterprise risks (Strategic, Financial, Operational, etc.)
• Techniques for comprehensive risk identification (workshops, interviews, PESTEL analysis)
• Developing and communicating the organization's Risk Appetite Statement
• Integrating risk management into the day-to-day decision-making process

DAY 3

Enterprise Risk Assessment, Quantitative Analysis, and Key Risk Indicators

• Qualitative risk assessment: Likelihood, impact, and heat map creation
• Quantitative risk assessment: Probability and consequence modeling
• Introduction to key risk indicators (KRIs) and their development
• Analyzing interdependencies and cascading risks

DAY 4

Risk Treatment, Control Design, and Scenario Analysis

• The four main risk treatment options (TARA: Terminate, Accept, Reduce, Avoid)
• Designing and implementing effective risk controls (preventive, detective, corrective)
• Control self-assessment (CSA) and control monitoring
• Scenario analysis and stress testing of critical risks

DAY 5

Enterprise Risk Monitoring, Reporting, and Governance

• Developing effective risk reporting for executive management and the Board
• The role of internal audit and compliance in ERM oversight
• Continuous monitoring and framework review cycles