COURSE OVERVIEW
In today’s unpredictable business environment, Enterprise Risk Management (ERM) is critical for organizations to navigate uncertainty, safeguard their interests, and capitalize on opportunities. Global volatility—ranging from public unrest, fluctuating oil prices, and large-scale natural disasters, to unstable financial markets and economic uncertainty—has highlighted the necessity of a structured ERM approach. Many organizations now recognize that a comprehensive ERM framework is essential for sustainable growth and resilience.

LEARNING OBJECTIVES
Upon completing the Advanced Enterprise Risk Management Program, participants will be able to:

• Apply diverse techniques for identifying and assessing risks effectively.
• Align ERM frameworks with organizational performance expectations to generate measurable value.
• Engage Boards in evaluating enterprise risk scenarios.
• Promote a risk-aware culture that balances value creation with risk mitigation.
• Define ERM responsibilities for all staff, from executives to frontline employees.
• Implement Key Risk Indicators (KRIs) across different business units.
• Link risk management initiatives to performance targets to enhance corporate objective achievement.

TARGET AUDIENCE
This program is particularly beneficial for:

• Chief Risk Officers (CROs)
• Risk Managers
• Managers and Directors overseeing risk management processes
• Heads of Internal Audit and Assurance Functions
• Senior Finance Professionals

TRAINING METHODOLOGY
This highly practical, results-focused program uses adult learning principles to maximize engagement. Facilitators will provide insights and guide participants through discussions and hands-on exercises. Training methods include short demonstrations, role-playing, and practical exercises, allowing participants to internalize key concepts. Ample time is allocated for Q&A, peer discussions, and the development of actionable post-course plans. Pre- and post-course assessments will evaluate learning outcomes and program effectiveness.

COURSE CONTENTS

Module 1 – Understanding Enterprise Risk Management (ERM)
Key Topics:

• Advanced ERM process characteristics
• Board-level commitment to ERM
• Cultivating a risk-aware organizational culture
• Transparent risk communication
• Integrating financial and operational risk data
• Identifying emerging risks through internal and external sources
• Risk event assessment, planning, and response
• Principal risk factor identification
• Understanding organizational risk attitudes

Module 2 – ERM Risk Measurement Techniques
Key Topics:

• Developing an ERM roadmap
• Assessing the current ERM environment
• Conducting gap analysis
• Facilitating management workshops to prioritize risks
• Implementing an ERM roadmap for strategic execution

Module 3 – Risk Measurement Methods
Key Topics:

• Fishbone Analysis
• Failure Mode and Root Cause Analysis
• Fault Tree Analysis
• Monte Carlo Simulations
• Bayesian Networks
• Identification of emergent risks

Module 4 – ERM Issues
Key Topics:

• Developing and maintaining a Risk Register
• Defining Risk Appetite and Tolerance
• Establishing Key Risk Indicators (KRIs)
• Incorporating ERM into decision-making processes
• Applying ISO 31000 risk management standards across the organization
• Crisis management planning and execution

Module 5 – Broader Aspects of ERM
Key Topics:

• Assurance and risk management integration
• Engaging and motivating staff in risk management
• ERM in projects and joint ventures
• Business continuity planning
• Roles of internal audit, compliance, insurance, security, and other risk-related functions