Strategic ERM: From Framework to Execution

Overview

This program offers a solid foundation in modern Enterprise Risk Management (ERM), covering core risk concepts, global frameworks, and strategic alignment. Participants will explore ERM methodologies, risk appetite development, reputational velocity, and crisis communication essentials. The course also introduces governance elements such as New Product Policy (NPP) and DORA requirements. The program concludes with a practical case study to reinforce application in real-world contexts.

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Outcome

Understand key risk concepts and compare major ERM frameworks (ISO 31000, COSO, Basel).

Apply ERM methodologies, including risk identification, assessment, treatment, and monitoring.

Develop strategic risk appetite and integrate ERM with corporate objectives.

Incorporate reputational velocity, crisis communication protocols, and NPP governance into ERM processes.

Recognize DORA principles and evaluate their impact on operational resilience.

Details

Developed by: Beacon FinTrain
Standard Total Hours: 12 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • What is Risk?
  • What is Risk Management?
  • Introduction to Enterprise Risk Management (ERM)
  • Evolution of ERM
  • Comparison: Basel III vs ISO 31000 vs COSO ERM
  • ERM Motivations and Benefits
  • ERM Best Practices

  • ERM Program Dimensions (Targets, Structure, Metrics, Strategy, Culture)
  • ERM Frameworks and Methodologies
  • ERM Strategic Objectives
  • Aligning ERM with Strategic Planning
  • Risk Appetite vs Risk Capacity
  • Building Risk Appetite Frameworks
  • Reputational Risk and Velocity in ERM

  • ERM Implementation Process Overview
  • ERM Framework based on ISO 31000
  • ERM Process Overview (GARP vs ISO 31000 perspectives)

  • Defining Scope, Context, and Criteria
  • Setting KRAs, KRIs, and KPIs
  • Assigning Risk Ownership and Action Plans
  • Practical Application (Case Example)

  • Risk Definition and Sources
  • Internal and External Risk Environment
  • Risk and Opportunity Identification
  • Practical Application

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    Who Should Attend

    • Risk Management Professionals seeking a comprehensive understanding of risk concepts and E R M frameworks
    • Business Leaders and Executives interested in implementing effective enterprise risk management practices.
    • Compliance Officers aiming to enhance their knowledge of risk identification, analysis, and mitigation.
    • Project Managers seeking to integrate risk management seamlessly into project planning and execution.
    • Finance Professionals interested in aligning risk management with strategic financial planning.
    • Individuals aspiring to pursue a career in risk management or related fields
    • Corporate Governance Professionals involved in shaping organizational risk culture.

    Why Beacon

    Quality

    Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

    Specialization

    We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

    Punctuality

    Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

    Guidance

    Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

    Integrity

    We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

    Flexibility

    Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.