Module – 1
Living with Risks and Embracing ERM
- Why risk management is everybody’s business in the enterprise
- The Intent of Risk Management – loss avoidance, value creation, value enhancement or….
- From a Galaxy … to Relevant Risks and their inter-connectivities
- Anticipating the Unknowns – Mapping the shapes of risks to come
Module – 2
The Evolving Story of ERM
- COSO 2004, 2013 and 2017 – what they entail
- ISO 2009 and 2017 – what they entail
- Basel, – what they have to say about ERMs
Module – 3
The Nuts and Bolts of ERM
- The Language and Framework of ERM
- Who’s who in ERM? – the parties and their roles
- The Must-Haves and the Mustn’t-Haves of ERM
Module – 4
Makings of a Workable ERM framework
- The importance of workable processes and a Proper Risk Culture
- The need to integrate ERM with strategic planning
- Taking an informed view of risks confronting the enterprise
- The challenges and pitfalls in ERM Implementation
- The Hard and Soft aspects of a Risk Management framework
- Facts, Figures and a lot of Common (Business) Sense
Module – 5
ERM in practice
- Assessing and prioritizing risks
- Extending Risk considerations from typesto other risk characteristics including speed of onset and momentum of risks aswell as their likelihood and impact
- The importance of Risk Responses on an Ongoing basis
- Risk reporting, Key Risk Indicators and Risk Triggers
Module – 6
ERM – before, during and after the Global Financial Crisis
- Lessons from Mishaps – including Enron, MF Global, General Motors, Lehman Brothers..
- Where to from here – stages of maturity of ERM in an enterprise