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Course topic:
Format availability:
In-Person, Online streaming
Duration:
5 Days
Introduction to the course
The turmoil in the world is continuing – with increasing public unrest fluctuating energy prices, natural disasters of a scale thought unimaginable, volatile stock markets and world geo-political and economic uncertainty. In this time of global uncertainty how do you steer a course through these difficult waters?
Thankfully many organisations have realised that an Enterprise Risk Management (ERM) approach was needed. This has ensured that risks that were previously managed in isolation, can be aggregated and prioritized across the entire business.
However, this training course on Advanced ERM goes one step further. Risks are evaluated based on business materiality. A new understanding of the risks then emerges, and efficient controls can be implemented to tackle what really matters to the business. In short, the focus becomes strategic value creation instead of risk avoidance.
This KC Academy training course on Advanced Enterprise Risk Management will provide the opportunity to:
- Take Enterprise Risk Management (ERM) to a strategic level
- Learn lessons from Global risk events
- Determine a clear risk attitude and appetite process
- Identify the key emerging risks
- Link risk clearly wit decision making
Course details
After completing this Advanced Enterprise Risk Management training course you will be able to:
- Implement appropriate and varied techniques for the identification and assessment of risks
- Generate measurable value by aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations
- Engage the Board in the analysis of enterprise risk scenarios
- Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection
- Clarify Enterprise Risk Management (ERM) accountabilities of all employees from executives to the front line
- Implement Key Risk Indicators (KRI’s) for each line of business
- Enhance achievement of corporate objectives by linking performance targets, and risk management actions
This is a KC Academy advanced level training course and delegates should have previous experience in the risk arena. Delegates should have a good educational standard and/or a professional qualification but no advance preparation is required.
The delivery method will be fully participative with case-studies, exercises, syndicate work and role-plays to simulate audit scenarios and situations that assurance professionals will encounter. A short examination will be given at the end of the training course.
This training course will benefit organisations in all business sectors. It will provide advanced tools and techniques to refocus the risk process towards business materiality with each risk being evaluated and compared by it’s financial, legal, reputational, and regulatory impact, and classified by the effect they could have on the business.
This Advanced Enterprise Risk Management training course will enable organizational knowledge to be enhanced in the following areas:
- The many and varied approaches for risk identification
- The use of sophisticated techniques such as Delphi, Monte Carlo and Bayesian network analysis
- Key Risk indicators
- How to energize your staff to manage risks
- Enterprise Risk Management (ERM) in projects
This Advanced Enterprise Risk Management training course will enable delegates to enhance their personal knowledge in the following disciplines:
- Risk register effectiveness
- Driving risk ownership
- Developing decision-making and communicative skills
- Coordinating the ERM process
- Challenging risk evaluations
- Engaging top management in the ERM process
- 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
Daily Agenda
Day One:
Taking Enterprise Risk Management (ERM) to the Next Level
- Characteristics of an Advanced Enterprise Risk Management (ERM) Process
- Keeping Your Eye on the Big Prize
- Exploring Global Enterprise Risk Management (ERM) Scenarios
- The Enterprise Risk Management (ERM) Roadmap/Framework
- Review YOUR current ERM Environment. Is it Resilient?
- Conducting a Gap Analysis
- Develop ERM roadmap of Priorities for Implementation
- The role of Executive Management and ERM.
- A UK banking sector approach to ERM
Day Two:
Enterprise Risk Management (ERM) Risk Measurement Techniques
- A full Review of all the Risk Measurement Methods including:
- Risk Workshops
- Delphi (Expert Analysis) with examples
- Ishikawa (Fishbone) Analysis
- Failure Mode and Root Cause Analysis with examples
- Scenario Planning
- Syndicate Work: Incident Exercise, seeking the Root Cause
Day Three:
More Risk Assessment Techniques
- Fault Tree Analysis with examples
- Monte Carlo Simulations
- Bayesian Networks
- A complete list of potential Emergent Risks. Often low probability but high impact
- Crisis Management
- What is and Types of Crisis
- The difference between an Incident, an Emergency and a Crisis
- Key Risk Indicators (KRI’s)
Day Four:
Advanced Enterprise Risk Management (ERM) Issues
- The Risk Register Challenges
- Enterprise Risk Management (ERM) Tips for Success
- Risk Appetite and Risk Tolerance
- Enterprise Risk Management (ERM) and Decision-making
- Handout on ISO 31000
- Syndicate work: How good are your Decision-making Skills?
Day Five:
Wider Aspects of Enterprise Risk Management (ERM)
- Assurance and Enterprise Risk Management (ERM)
- Including Business Continuity Management (BCM)
- Energising Your Staff to Manage Risk
- The importance of Culture, Communications and Behaviour
- Team forming and development
- Enterprise Risk Management (ERM) in Projects and Joint Ventures
- Goal Setting
- Enterprise Risk Management (ERM) Golden Rules - Communications
- Syndicate work: Listening Skills Test
- Course Review
Frequently Asked Questions
There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.
You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.
Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.
Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.
It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.
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Course customization available
Course customization available
This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly
