Enterprise Risk Management

Overview

This comprehensive program, "Introduction to Enterprise Risk Management (ERM)," is designed for professionals and leaders seeking a profound understanding of risk management principles and the evolving landscape of ERM.
The course takes participants on a structured journey, starting with the fundamentals of risk, followed by an exploration of various ERM frameworks, including an overview for Basel III, ISO 31000, and COSO. Motivations, benefits, and best practices in ERM are extensively covered, along with in-depth insights into the main dimensions of ERM programs. Participants will delve into the strategic objectives and implementation processes of ERM, gaining practical knowledge through the study of risk management processes, risk culture, and the 6As for Enterprise Risk Management. The program culminates in a hands-on case study and practical exercises, providing participants with a holistic and applicable understanding of risk management in diverse organizational contexts.

Contact us form

I agree to these Terms and Conditions.

Outcome

Explain ERM framework, methodologies, and strategic objectives.

Grasp the implementation process and framework per ISO 31000.

Study the GARP Risk Management process, compare ERM processes according to ISO 31000, and align ERM with strategic planning.

Introduce KRAs, KRIs, and KPIs, assigning Risk Owners with action plans.

Explore ERM process steps, covering establishment, risk identification, analysis, evaluation, treatment, controls, and monitoring.

Details

Developed by: Beacon FinTrain

Standard Total Hours: 12 Hrs

Language: English - Bilingual "English & Arabic"

Modalities:

Outline

What is Risk?
What is Risk Management?
ERM Evolution Comparison of Basel III vs ISO31000 and COSO.

ERM Motivations and Benefits
ERM Best Practices
ERM Program 5 Dimensions (1. Targets,2. Structure,3. Identification and metrics,4. ERM strategies,5. Culture)

Risk Management Professionals seeking a comprehensive understanding of risk concepts and ERM 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.