Enterprise Risk Management Training

Introduction

By definition, risk is a probability of loss. Enterprise Risk Management (ERM) is a holistic process by which the organization as a whole remains safe from failing to achieve its business goals and even stay sustainable in its business in the coming days. So, it is a strategic management area. If properly managed, it drives growth and opportunity. ERM is now at the focus of every corporate across the world due to the recent economic downturn and surprising bankruptcy of many big organizations. In the banking sector in Bangladesh, risk management is a regulatory requirement. There ERM is required by the Basel Accord and Bangladesh bank regulations. In US-SEC enlisted companies, it is also mandatory and requires a sound internal control framework.

However, beyond regulatory pressure it is necessary for the organization to ensure a risk-free platform to conduct the business achieving corporate goals. ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes–Oxley Act, and strategic planning. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed. Regulators and debt rating agencies have increased their scrutiny on the risk management processes of companies. Particularly two frameworks are adopted world-wide, i.e., COSO and ISO 31000. This course will explore both.

Participants' Benefit:
They will be able to
• Explain the ERM process and scope
• Assess risks & suggest controls
• Prepare risk monitoring dashboards
• Prepare control monitoring dashboards

This course will also work as the foundation for the participants to attend the Certified Enterprise Risk Manager (CERM) certification exam.

Methodology

PPT demonstartion, reference book walkthrough, practice exams & discussions, etc.

Contents of Training:

Part-1: Understanding ERM

Session-1: Understanding ERM and its Need
a.Understanding business goals and objectives
b.Understanding uncertainties to achieve business goals (risks)
c.Understanding risk and control relationships
d.Understanding why the organization needs to minimize uncertainties
e.Selling points of strong GRC processes

Session-2:COSOERM Framework
a.The background of COSO ERM publication
b.Control Environment
c.Risk Assessment
d.Control Activities
e.Communication
f.Monitoring

Session-3: ISO 31000 Risk Management Standards a.Background and application ISO 31000
b.The PDCA cycle of ISO 31000
c.The risk management process
d.Overview of the 31000 clauses
e.Responsibility matrix of risk management
f.Risk management policies and checklists

Session-4: Risk Management & the Basel Accords
a.Basic understanding of Basel-II and Basel-III
b.The enforcement of risk management by Basel-II and Basel-III Accords
c.Credit risks
d.Market risks
e.Operational risks
f.Liquidity risks

Part-2: Risk Assessment


Session-5: Risk Recognition
a.Identifying business assets to be protected
b.Preparing a Business Asset Register (BAR)
c.Defining business threats & thread sources
d.Classification of threats
e.Assessing business exposures to the threats
f.Identifying damage chain of threats
g.Preparing a Risk Register (RR)

Session-6: Business Impact Analysis a.Defining impact categories and scoring methodology
b.Evaluating occurrencelikelihood
c.Evaluating the levels of impact upon actualization of threats
d.Risk level calculation and ranking

Session-7: Studying Industry Top-Risks a.Studying R&D publications of the Big-4 Firms b.Studying R&D publications of renowned R&D organizations, e.g., CEB, etc
c.Top 10 banking risks
d.Top 10 telecom risks
e.Top 10manufacturing company’srisks
f.Top 10 general risks

Part-3: Risk Mitigation & Monitoring

Session-8: Risk Appetite &Risk Treatment Plan
a.Risk treatment options (4Ts)
b.Risk appetite
c.Residual risk
d.Mitigating controls

Session-9: Risk &Control Matrix (RCM)and Periodic Evaluation& Monitoring
a.Preparing an RCM database
b.Developing a control evaluation technique
c.Developing a control monitoring process
d.Circulation and follow-up

Session-10: Risk Management Technology
a.Scope of ERM technologies
b.Available ERM applications
c.Value-additions by the ERM application

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Contact

9140345, 9117179

certificate@bdjobs.com

Bdjobs.com Ltd.

19 th floor (East), BDBL Building (Old BSRS)
12 Karwan Bazaar
Dhaka - 1215

Typically professionals in risk management, auditing, financial management, strategic planning, credit administration, etc. Other functional teams may also join as ERM encompasses all functional areas.