Enterprise Risk Management

This interactive workshop course is apt for participants already engaged in or in the process of exploring the institution of Enterprise Risk Management (ERM) in their organization. It helps them to keep abreast of developments in this integrated approach to risk management for the business enterprise in the face of business complexities, changing technologies and growing regulatory, governance and compliance issues. It engages the participants in examining the challenges and issues of risk management and drives forth the case that managing risks holistically and with an enterprise-wide perspective OverviewWhile there is no universal definition of what ERM is, a commonly goggled source states its inclusion of "methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives" (Wikipedia)Though ERM has been around since the later part of the last century, risk management continues to be practiced very much on a silo basis. The consequences have been clear - as seen by the various enterprise catastrophes which dotted the financial and nonfinancial spheres.Upon completion of course, participants will be able to: appreciate that risks faced by an enterprise come in various forms spanning financial, operational,strategic, reputation and regulatory spaces and the importance of successfully identifying,assessing, anticipating and mitigating its critical risks and uncertaintiesimplement successful strategies for enhancing the ERM function within the organization bybench-marking with prevailing market practicesexplore the evolution of the ERM discipline over the last two decades and how its relevance hasheightened given changing business and regulatory/governance dynamicsexamine and gain insights from other organizations’ experiences in their ERM processes so tobroaden knowledge and competently address questions of how to implement an effectiveenterprise-wide risk oversight in one's own organizationvalue-create for the enterprise with an integrated enterprise-wide approach to strategic businessplanning and risk oversight processesWho should attendAll individuals who play a role in leading and implementing ERM efforts within an enterprise. These include those serving on the board of directorssenior executive roles such as CEOs, CFOs, controllers, chief audit executivesother corporate executives leading and implementing the ERM machinery in the organizationtechnological and other corporate personnel supporting the ERM functionRisk management professionalsMethodologyNon-theoretical methodology which includes interactive discussions, case studies, interactive games and assignments to understand the concepts and their applicability. TrainerAll our trainers are carefully chosen by us and possess a rich and vast experience in the financial sector. This course will be conducted by a renowned consultant having more than 35 years of experience in financial markets and training. Until recently, he served for many years as the Regional Director Singapore chapter and Global Board of the Professional Risk Managers International Association. Course ContentModule – 1 Living with Risks and Embracing ERM Why risk management is everybody'sbusiness in the enterpriseThe Intent of Risk Management - lossavoidance, value creation, valueenhancement or....From a Galaxy... to Relevant Risks andtheir inter-connectivitiesAnticipating the Unknowns - Mappingthe shapes of risks to comeModule – 2 The Evolving Story of ERM COSO 2004, 2013 and 2017 - what theyentailISO 2009 and 2017 - what they entailBasel, - what they have to say about ERMsModule – 3 The Nuts and Bolts of ERM The Language and Framework of ERMWho's who in ERM? - the parties and theirrolesThe Must-Haves and the Mustn't-Haves ofERMModule – 4 Makings of a Workable ERM framework The importance of workable processesand a Proper Risk CultureThe need to integrate ERM with strategicplanningTaking an informed view of risksconfronting the enterpriseThe challenges and pitfalls in ERMImplementationThe Hard and Soft aspects of a RiskManagement frameworkFacts, Figures and a lot of Common(Business) SenseModule – 5 ERM in practice Assessing and prioritizing risksExtending Risk considerations from typesto other risk characteristics includingspeed of onset and momentum of risks aswell as their likelihood and impactThe importance of Risk Responses on anOngoing basisRisk reporting, Key Risk Indicators andRisk TriggersModule – 6 ERM - before, during and after the Global Financial Crisis Lessons from Mishaps - including Enron,MF Global, General Motors, LehmanBrothers..Whereto from here - stages of maturity ofERM in an enterprise If you need further information, please visit www.riverstonetraining.com.sg or send mail at info@riverstonetraining.com.sg Riverstone – Corporate Training https://www.riverstonetraining.com.sg Organizer: Riverstone Training Pte Ltd Organizer profile: https://www.eventbrite.sg/o/riverstone-training-pte-ltd-14657133729 11 total attendees across organizer events on Eventbrite Discovered via Thailand, Thailand.