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This exciting seminar will help you to fully embed a risk culture across the whole organization, and develop a coordinated top down approach where every function evaluates its risks on a continuous and consistent basis. It will help you change the focus from risk avoidance to one of value creation and create a fully risk embracing culture.
The turmoil in the world is not only continuing, it is actually starting to go into the tailspin – with pandemic, economic turmoil, public unrest, oil prices in free fall and natural disasters of a scale thought unimaginable, volatile stock markets and ever-present uncertainty. Some of the countries are faced with almost complete economic and social demise, and the main question is how do you steer a course through these difficult waters?
Thankfully many organizations have realized that an Enterprise Risk Management (ERM) approach was needed and started implementing it. This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business, across countries, regions, even continents.
However, stopping here is not an option, as we have to reach the full potential of the risk management to be able to avoid any new disasters. Advanced ERM goes one step further in every way possible. Risks are evaluated based on new understanding of the risks, and efficient controls can be implemented to tackle what really matters to the enterprise. In short, the focus becomes strategic value creation and retention instead of risk avoidance.
This seminar will present the delegates with the latest developments in Enterprise Risk Management, optimal ERM architecture and available solutions, as well as with an adequate approach if the entity wishes to develop its own ERM solution.
By attending this ICL training course, delegates will be able to:
Implement or improve Enterprise Risk Management (ERM) strategy in conjunction with new risks
Recognise adequate Enterprise Risk Management (ERM) architecture for your company
Implement ERM while complying with procedures and standards
Learn lessons from Global risk events and the ways they were successfully mitigated
Determine a clear risk attitude and appetite process
Identify the key emerging risks for the entity or business process
Link risk clearly with decision making process
Use Enterprise Risk Management (ERM) as an asset and optimization tool.
Live-Online
This online training course is suitable for a wide range of professionals but will greatly benefit:
Professionals whose jobs involve decision making using any and all kinds of data,
Chief Risk Officers
Risk Managers
Managers and Directors responsible for the risk management function or process
Heads of Internal Audit
Heads of Assurance Functions
Senior Finance Professionals.
People supporting management and/or working in project teams,
Marketing specialist, Project managers,
Business development managers.
Among a wide range of valuable topics the following will be prioritised:
Understand Enterprise Risk Management requirements, standards and best practice
Understand how to implement ERM structures, architecture and form a team
The many and varied approaches for risk identification used in modern ERM
The use of sophisticated techniques such as Delphi, Monte Carlo and Bayesian network analysis
Key Risk indicators-traditional and emerging
How to energize your staff to recognise, understand and manage risks
Enterprise Risk Management (ERM) in projects in volatile economic environment
Aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations
Analysis of enterprise risk scenarios
Enterprise Risk Management (ERM) at strategic level