ERM Training Program in Enterprise Risk Management Introduction:

Based on lessons learned from the pandemic, this enhanced version of the training course provides a proactive outlook on the challenges and changes that the next phase will bring in risk management. It aims to enhance your knowledge and skills to become a future-ready enterprise risk manager with complete efficiency.

This training course will cover:

1. Implementing a comprehensive enterprise risk management model according to the latest post-pandemic practices
2. Building a dynamic culture for risk management and organizational resilience
3. Evaluating current risk management frameworks and methodologies in your organization
4. Understanding the impact of global transformations on risk management practices
5. Exploring the relationship between agile corporate governance and risk management

Training Program Objectives:

By the end of the training program, participants will be able to:

1. Understand and master enterprise risk management concepts, standards, and techniques and apply them effectively
2. Develop leadership skills for effective communication with various levels and stakeholders
3. Determine the organization’s risk appetite and tolerance
4. Identify 13 key indicators for assessing organizational resilience
5. Link enterprise risk management with crisis management, business continuity, and organizational resilience
6. Apply acquired knowledge practically and directly with immediate benefit to the organization

Target Candidates for the Program:

1. Compliance department employees.
2. Risk and governance department employees.
3. Executive managers and project managers responsible for risk management
4. Professionals seeking a practical starting point to establish an effective ERM framework
5. Mid to senior-level managers seeking to use ERM as a leadership tool and strategic decision-making

Training Program Topics:

Enterprise Risk Management Principles

1. Governance objectives, concepts, and definitions
2. Mapping and evaluating current governance arrangements
3. Compliance – defining your objectives for implementing the latest guidelines
4. Who are the internal and external stakeholders?
5. The importance of culture, communication, and behavior in seeking an effective enterprise risk management structure
6. Overview of the global business environment post-pandemic
7. Enterprise Risk Management – The Resilient Organization

ISO 31004: Designing an Enterprise Risk Management Framework

1. Enterprise Risk Management Framework and Procedures
2. Enterprise Risk Management Responsibilities – who does what, and who is on the team
3. Performance Metrics
4. Comparison between current enterprise risk management and ISO31000:2009 principles
5. Alignment between enterprise risk management policy and the organization
6. Risk Assessment
7. Risk Analysis Criteria

Business Continuity Management Systems (BCMS)

1. Fundamental principles of business continuity management
2. Implementing business continuity management system according to ISO 27031 & ISO 22301 standards
3. Business Impact Analysis (BIA) and risk assessment
4. Understanding the relationship between business continuity management system and compliance with other enterprise risk management requirements
5. Writing a case study and project plan for implementing business continuity management system
6. Incident and emergency response management

Implementing Effective Enterprise Risk Management

1. Resources and methodologies required for plan implementation
2. Ensuring that enterprise risk management becomes part of the important decision-making process
3. What are the potential barriers to implementation (risk culture)?
4. Risk reporting and constraints on different risk reporting tools and methodologies
5. Evaluating the advantages of quantitative risk modeling and qualitative reporting
6. Linking risk reporting processes with other strategies for important management activities, such as reputation management

Continuous monitoring, review, and improvement of the framework

1. Key Risk Indicators (KRI)
2. Continuous improvement through implementing team workshops on risk management
3. Collecting risk and control information from multiple sources in a central risk register or risk information system inventory
4. Control register or control inventory (the five questions)
5. Reviewing observations and benefiting from “lessons learned”

ERM Training Program in Enterprise Risk Management