An Intensive 5-day Training Course
Private: Enterprise Risk Management (ERM)
- Format: Classroom
- Duration: 5 days
- Language: English
- Accredited: CPE, KHDA Certified training courses
INTRODUCTION
Enterprise Risk Management (ERM) is a transforming element in corporate governance that affects all management levels. Prior to the emergence of ERM, risk management was handled by various functional disciplines. 21st Century risk management requires the attention of the entire organization. Thus, ERM processes and decisions are no longer solely owned by the finance professionals.
TRAINING OBJECTIVES
The programme aims to encourage each participant to identify their personal role as risk managers. Board and Executive level management face particularly sensitive roles in ERM as their roles are typically more strategic and thus more detached from detailed decisions that can mitigate risk. Typical words used around their risk management responsibility are Sarbanes-Oxley, Governance Codes, and Securities Commissions statutes. Business Unit management and functional managers are usually more concerned with immediate and tangible mitigation of risks within their personal responsibility areas. Typical words used around their risk management responsibility are margin squeeze, brand equity protection, and technology/sourcing shifts. Finance management professionals are usually concerned most directly with the financial risks. Typical words used around their risk management responsibility are interest rate risk, credit risk, and gearing risk, and cash flow risk. Each of the risks requires assessment, measurement, costs/benefits, and resource allocations for mitigation. Participants will identify how to:
- Place financial risk management into the overall governance model
- Developing an understanding of the Board’s perspective for financial risk
- Recognize the C-level executives’ perspectives for financial risk
- Understand the significance of higher level risk perspectives translated into business unit risk management and functional management
- Personalize risk management into their personal responsibilities
- Integrate non-financial risks and financial risk concepts
- Accept their personal risk profile and determine their ‘appetite for risk’
- Challenge the status quo of risk management in their area of responsibility
WHO SHOULD ATTEND?
- Staff who are seeking to guide their business to plan and achieve long term superior performance taking into account the risks that may affect the financial objectives
- Staff in any functional area who are seeking to improve the operational performance of their units in risk assessment, risk mitigation, and risk decision making
- Staff who are challenged to gain insights into the integration of personal risk profiles, professional risk analyses, business risk analysis, and other risk analyses that affect decision making
- Staff who have the need to upgrade their understanding of risks in decision making as the business governance needs change to overall transparency
TRAINING METHODOLOGY
This programme will be highly participatory and your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real issues brought to the programme by delegates.
By leveraging the diversity of participant experiences, each participant generates varying perspectives on risk. These lessons learned offer substantial benefit to each participant as they return to their organizational unit.
TRAINING SUMMARY
The programme will demonstrate how to understand risk at all levels of an organisation in an integrated fashion. Business strategy risk, finance risk, operational risk, asset impairment, franchise risk, and competitive risk are among the risks to be discussed. Risks will be measured in quantitative and qualitative terms. Alternative counter-measures will be defined and assessed. Suitable comprehensive risk models will be reviewed including the OECD model, COSO model, ISACA model, among others.
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.
