Implementing Advanced Enterprise Risk Management Approaches

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

 This course will identify the updated definition of risks and the major reasons behind them.New understandings of risk emerge, and efficient controls can be implemented to tackle what really matters to the business, and drive competitive advantage.Nowadays,  many organizations have realized that more efforts are needed in this field, so they established an ERM approach. The effects are huge on business and more than enough knowledge is needed in this field.

Objectives :

After attending this course, participants will be able to:

1. Understand and detect the potential risks and how to overcome them.
2. Get to know the characteristics of an advanced ERM process.
3. Engage the Board in the analysis of enterprise risk scenarios.
4. Modernize the processes and approaches of ERM.

Content:

Module 1:

1. What is ERM?
2. What is risk and control assessment?
3. Characteristics of an advanced ERM process.
4. Establishment of modern ERM.

Module 2:

1. Exploring global ERM scenarios.
2. Risk underestimation in traditional economic capital models.
3. Risk attitude.

Module 3:

1. Soft and hard data in risk models.
2. Effective roadmap of ERM.
3. Accurate risk measurement methods.
4. Delphi and Ishikawa analysis.

Module 4:

1. Failure mode and root cause analysis
2. What is scenario planning?
3. Applying the concept of Scenario planning.
4. Fault tree analysis.

Module 5:

1. Simulations of Monte Carlo.
2. Networks of Bayesian.
3. Defining Key risk indicators (KRIs).

Module 6:

1. Discussing the risk register challenges.
2. ERM in projects and joint ventures
3. Recommendations .
4. Case study.

Who Should Attend?

1. Chief Risk Officers.
2. Risk Managers
3. Managers and Directors responsible for the risk managementfunction or process.
4. Heads of Internal Audit.
5. Heads of Assurance functions.
6. Senior Finance professionals.