About this Course

Organisation can minimise the effects of risk on its capital and earning through the process of planning, organising, leading and controlling its activities. Enterprise Risk Management (ERM) aims to measure an organisation’s achievement of four primary objectives; Strategic, Operational, Financial Reporting and Compliance.

Enterprise Risk Management (ERM) is the process which organisations identify, measure, manage and monitor all key risks in the organisations to ultimately meet business objectives and increase value to stakeholders.

The workshop is a foundation level risk management course which provide participants with a comprehensive insight and understanding of Enterprise Risk Management (ERM).  It should be especially useful for those in corporate finance, treasury and risk management.

Objectives

Upon completion of this workshop, participants will be able to;

• Learn the Enterprise Risk Management (ERM) principles, framework and practises
  
• Understand risk issues faced by organisations across many sectors
  
• Learn the common approaches to Enterprise Risk Management (ERM) by organisations
  
• Understand how Enterprise Risk Management (ERM) processes can be integrated into organisations’ daily decision-making processes to enhance stakeholders understanding and awareness of risk inherent within any forms of operations in the organisation
  

Target Audience

This workshop is beneficial for anyone who have keen interest and wishes to gain an insight into Enterprise Risk Management (ERM).

Duration

Two days

Curriculum

Concept of Risk

• Definition / Classification of Risk in General
  
• Why Manage Risk: Positive and Negative Effects of Risk (Minimising Exposure to the Wrong Risks versus Increasing Exposure to Good Risks)
  

Overview of Corporate Risk Management (Enterprise Risk Management - ERM):

• Basic ERM Infrastructure: Concept and  Evolution of ERM;
  
• Common Approaches to Enterprise Risk Management (ERM) by Organisations
  
• CAS Framework, AIRMIC Framework and COSO Framework of Identification of Risk and Enterprise Management Objective, Assessing Risk, Managing Risks
  
• Principal Strategies and Methods and Finally Monitoring Risks
  

Implementation of ERM At Corporate, Strategic Business and Project Levels:

• Identification of Risk and Setup of Management Objectives
  
• Sources of Risks/Type of Risks, Tools and Techniques, Risk Aversion, Risk Policy, Risk Tolerance and Risk Appetite, Creating Value from Risk Taking/ Risk Hedging and Risk Management Process
  

Implementation of ERM at Corporate, Strategic Business and Project Levels  (Continue):

• Assess and Quantify Risk
  
• Risk Analysis and Evaluation to Decide Which Risks to Hedge, Avoid Or Retain, Risk Estimation Techniques (Qualitative And Quantitative)
  
• Managing Risk
  
• Risk Avoidance, Risk Transfer, Risk Reduction or Risk Retention and Tools Available (e.g. Financial Products to Manage Markets Risks), Value versus Cost from Hedging
  
• Monitoring and Review Risk
  
• Review Obsolescence of Outcome from the Risk Analysis Due to Changing Environment, Monitor and Audit the Risk Management Process
  

Risk Management and Corporate Governance:

• Concept and Theoretical Perspective Of Corporate Governance
  
• Agency Theory and Transaction Cost Theory
  
• Concept / Components of Risk Governance
  
• Roles and Responsibilities, Organisational Structure and Policies/ Procedures
  
• Strategic Risk Taking and Building a Risk Taking Organisation: Approaches and Challenges
  

Case Studies:

• Financial Disaster Due to Misleading Reporting
  
• Barings Bank and Societe Generale
  
• Financial Disaster Due to Large Market Moves
  
• Long-Term Capital Management (LTCM)
  

Methodologies

This course is learner-centred and active participation by attendees are highly encouraged.  Case studies are used to ensure understanding and reinforce concepts.

Rate this course:

Log in to submit

Comments