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Course Code
SFMM-007
Enterprise Risk Management
- Risk management is a process of the identifying, evaluating and prioritization of risks and formulate a procedure to minimize, Monitor and control the impact using various techniques and tools. Enterprise Risk Management known has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger system known as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks.
Learning Outcomes
- Identify internal and external changes that will create risks to the organization
- Understand the relation with the board of directors through governance and improve Risk-Based Decision Making
- Influence internal controls by choosing the response to the risks identified
- Classify risk categories in the organization and identify the right authorities to manage them
- Analyze, assess and improve risk management practices within the organization
- Identify the roles, responsibilities, and accountabilities for ERM
- Identify the right sized ERM to meet company objectives
Course Contents
- Introduction to corporate governance
- GRC concept: governance, risk and compliance
- GRC system: governance, risks and controls
- Risk management as part of corporate governance
- Governance failures
- Risk based decision making
- Risk management’s influence on designing internal controls
- Risk-based internal audit assessment of risk management performance
- ERM evolution
- ERM benefits
- ERM platform
- Strategic risks
- Reporting risks
- Financial risks
- Life and safety risks
- Compliance
- Operations
- Internal environment
- Objectives setting
- Event identification
- Risk assessment
- Risk response
- Control activities
- Information
- Communication
- Risk monitoring
Risk management and corporate governance
Risk management and corporate control environment
ERM and its evolution
Risk categories
ERM components
Our Methodology
- Make coaching and monitoring innovative and using modern
- Media training also using on the go training by using interactive means and focusing on
- The exercises, practical applications and real situations study
- Live delivery method, instructor-led training
- Experienced consultant, trainers, and professional
- Qualified trainer with high-level experience
Attendance Reports
- Send daily attendance reports to training departments
- Send full attendance report to training dep. by the end of the course
- Attend 100 % from the course days also provide daily
- Issue attendance certificate for participant who attend minimum 80% from the course duration
Pre/Post Reports
- Pre- assessment before starting training
- Post assessment after finish training
- Full report for the deferent between Pre-& Post assessment
Who Should Attend
- Managers and Senior Managers
- Directors, Executives and Financial Controllers
- Senior Accounting and Finance Personnel
- Auditors
