Enterprise Risk Management

Instructional Methods: Practical exercises in defining risk appetite, group discussions on risk governance, and case studies on establishing risk frameworks.

Topics Covered:

• The role of the board and senior management in risk governance.
  
• Defining and setting risk appetite and risk tolerance levels.
  
• Integrating risk governance into corporate governance structures.
  
• Establishing a risk committee and assigning roles and responsibilities.
  
• Building a strong risk culture across the organisation.

Instructional Methods: Hands-on exercises in identifying and assessing risks, group discussions on risk prioritisation, and case studies on enterprise-wide risk identification.

Topics Covered:

• Identifying risks across financial, operational, strategic, and reputational areas.
  
• Conducting risk assessments: Likelihood, impact, and velocity of risks.
  
• Using risk maps, risk heat maps, and risk matrices to assess risks.
  
• Prioritising risks based on their impact on business objectives.
  
• Documenting risks and reporting to the board and management.

Instructional Methods: Group discussions on ERM strategy development, practical exercises in building risk mitigation plans, and case studies on successful ERM implementations.

Topics Covered:

• Aligning risk management strategies with business goals.
  
• Developing risk mitigation plans to address key risks.
  
• Using financial instruments, insurance, and hedging as risk mitigation techniques.
  
• Implementing risk controls and monitoring their effectiveness.
  
• Developing contingency plans for managing unforeseen risks.

Instructional Methods: Hands-on exercises in risk monitoring, group discussions on risk reporting, and case studies on ERM reporting systems.

Topics Covered:

• Setting up systems for ongoing risk monitoring and assessment.
• Reporting on ERM activities to senior management and the board.
  
• Developing risk dashboards and key risk indicators (KRIs).
  
• Reviewing and updating risk management frameworks regularly.
  
• Ensuring continuous improvement in risk management processes.

Instructional Methods: Practical exercises in embedding ERM into corporate culture, group discussions on risk communication, and case studies on building a risk-aware culture.

Topics Covered:

• Fostering a risk-aware culture across all levels of the organisation.
  
• Integrating ERM into daily business operations and decision-making.
  
• Communicating risk management roles and responsibilities to staff.
  
• Ensuring employee engagement and buy-in for ERM initiatives.
  
• Providing ERM training and awareness programs.

Instructional Methods: Group discussions on regulatory frameworks, practical exercises in ensuring ERM compliance, and case studies on regulatory risk management.

Topics Covered:

• Key regulations affecting enterprise risk management: Basel III, GDPR, and others.
  
• Ensuring compliance with industry standards and regulatory requirements.
  
• Conducting ERM audits and reviews to ensure regulatory adherence.
  
• Reporting regulatory risks to stakeholders and regulators.
  
• Developing strategies to manage regulatory risk effectively.