Name: Enterprise Risk Management
Start: 2024-11-18T09:00:00+08:00
End: 2024-11-20T17:00:00+08:00
Location: JW Marriott Hotel Kuala Lumpur

This interactive workshop course is apt for participants already engaged in or in the process of exploring the institution of Enterprise Ris
About this Event

This interactive workshop course is apt for participants already engaged in or in the process of exploring the institution of Enterprise Risk Management (ERM) in their organization. It helps them to keep abreast of developments in this integrated approach to risk management for the business enterprise in the face of business complexities, changing technologies and growing regulatory, governance and compliance issues. It engages the participants in examining the challenges and issues of risk management and drives forth the case that managing risks holistically and with an enterprise-wide perspective

Overview

While there is no universal definition of what ERM is, a commonly goggled source states its inclusion of "methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives" (Wikipedia)Though ERM has been around since the later part of the last century, risk management continues to be practiced very much on a silo basis. The consequences have been clear - as seen by the various enterprise catastrophes which dotted the financial and nonfinancial spheres.Upon completion of course, participants will be able to:

appreciate that risks faced by an enterprise come in various forms spanning financial, operational,strategic, reputation and regulatory spaces and the importance of successfully identifying,assessing, anticipating and mitigating its critical risks and uncertainties
implement successful strategies for enhancing the ERM function within the organization bybench-marking with prevailing market practices
explore the evolution of the ERM discipline over the last two decades and how its relevance hasheightened given changing business and regulatory/governance dynamics
examine and gain insights from other organizations’ experiences in their ERM processes so tobroaden knowledge and competently address questions of how to implement an effectiveenterprise-wide risk oversight in one's own organization
value-create for the enterprise with an integrated enterprise-wide approach to strategic businessplanning and risk oversight processes

Who should attend

All individuals who play a role in leading and implementing ERM efforts within an enterprise. These include

those serving on the board of directors
senior executive roles such as CEOs, CFOs, controllers, chief audit executives
other corporate executives leading and implementing the ERM machinery in the organization
technological and other corporate personnel supporting the ERM function
Risk management professionals

Methodology

Non-theoretical methodology which includes interactive discussions, case studies, interactive games and assignments to understand the concepts and their applicability.

Trainer

All our trainers are carefully chosen by us and possess a rich and vast experience in the financial sector. This course will be conducted by a renowned consultant having more than 35 years of experience in financial markets and training. Until recently, he served for many years as the Regional Director Singapore chapter and Global Board of the Professional Risk Managers International Association.

Course Content

Module – 1

Living with Risks and Embracing ERM

Why risk management is everybody'sbusiness in the enterprise
The Intent of Risk Management - lossavoidance, value creation, valueenhancement or....
From a Galaxy... to Relevant Risks andtheir inter-connectivities
Anticipating the Unknowns - Mappingthe shapes of risks to come

Module – 2

The Evolving Story of ERM

COSO 2004, 2013 and 2017 - what theyentail
ISO 2009 and 2017 - what they entail
Basel, - what they have to say about ERMs

Module – 3

The Nuts and Bolts of ERM

The Language and Framework of ERM
Who's who in ERM? - the parties and theirroles
The Must-Haves and the Mustn't-Haves ofERM

Module – 4

Makings of a Workable ERM framework

The importance of workable processesand a Proper Risk Culture
The need to integrate ERM with strategicplanning
Taking an informed view of risksconfronting the enterprise
The challenges and pitfalls in ERMImplementation
The Hard and Soft aspects of a RiskManagement framework
Facts, Figures and a lot of Common(Business) Sense

Module – 5

ERM in practice

Assessing and prioritizing risks
Extending Risk considerations from typesto other risk characteristics includingspeed of onset and momentum of risks aswell as their likelihood and impact
The importance of Risk Responses on anOngoing basis
Risk reporting, Key Risk Indicators andRisk Triggers

Module – 6

ERM - before, during and after the Global Financial Crisis