MORNING SESSION

Module 1: Risk Definition, Process and Risk Taxonomy

• 1.1. Concept of Risk – What is Risk in the context of an organisation
• 1.2. Risk Management process
• 1.3. Taxonomy of risks (Operational, Credit, Market, Strategic, Reputational, IT, Legal etc.)

Module 2: Concept of ERM and its relationship with COSO Risk Management framework

• 2.1. What is ERM in the context of the COSO ERM Integrated Risk Management framework
• 2.2. Uses of ERM across an organisation

ERM Group Discussion & Case Study 1- Wellsfargo

Module 3: ERM Rationale, Role, Ownership &
Lifecycle

• 3.1. Why Implement ERM? Value Proposition for implementing ERM
• 3.2. ERM lifecycle

LUNCH BREAK
AFTERNOON SESSION

• 3.3. Role of ERM
• 3.4. Ownership and Responsibility of ERM

Module 4: Risk Management Frameworks &
ERM Implementation & Evaluation

• 4.1. Other Risk Management frameworks
• 4.2. ISO 31000 framework overview
• 4.3. Steps firms can take immediately to implement ERM

ERM GROUP EXERCISE & CASE STUDY 2-VOLKSWAGEN

• 4.4. How long does it take to implement ERM in an organisation?
• 4.5. Evaluation of ERM

MORNING SESSION

Module 5: Risk Management Tools, Appetite, Tolerances, Capacity and Requirements for building an ERM function

• 5.1. ERM Risk Management Tools & Techniques (Brainstorming, KRIs, RCSA, SWOT & Scenario Analysis).
• 5.2. Risk Appetite, Tolerances and Risk Capacity Concept.
• 5.3. Specific objectives an organisation should accomplish as part of initially establishing an ERM function
• 5.4. Types of skills are needed to implement ERM.
• 5.5. Steps required to be taken to build risk management capabilities for an effective ERM?

ERM GROUP DISCUSSION & CASE STUDY 3-WENDY’S

Module 6: Risk Assessment Process – Strategies for improvement & its importance in the context of ERM

• 6.1. How does management improve the
  organisation’s risk assessments
• 6.2. How important is risk assessment to the ERM effort

LUNCH BREAK
AFTERNOON SESSION

Module 7: Risk Treatments, Infrastructure, Risk Maturity and embedding and managing a successful ERM

• 7.1. Risk responses available to manage risk
• 7.2. Elements of risk management infrastructure & why are they important and how they are considered?
• 7.3. Risk Management capability and Maturity Model Illustration
• 7.4. Is it better to design an ERM process first and then select the appropriate ERM software or vice versa?
• 7.5. How do we build a compelling business case for ERM
• 7.6. What are the key success factors or measures of success when evaluating the effectiveness and impact of ERM implementation, i.e., how can we know whether an ERM approach has been successful

CONCLUDING REMARKS AND FINAL Q&A SESSION

MORNING SESSION

Module 8: ERM Components, Implementation, Pros & Cons and Developing an ERM Framework.

8.1. Components of Enterprise Risk Management.

8.2. How to implement Enterprise Risk Management Practices

8.3. Advantages and disadvantages of Enterprise Risk Management.

8.4. ERM Practices – Pros & Cons.

8.5. What types of risks does Enterprise Risk Management address?

8.6. How to develop an Enterprise Risk Management framework

8.7. Frequency of Enterprise Risk Management framework review

LUNCH BREAK AFTERNOONSESSION

Module9 :Out putof an ERM process, KRIs & Risk Management tools.

9.1. Out put of an ERM process

9.2. M o nit o rin g T o p Ris k s wit h K e y Ris k Indicators (KRIs)

9.3. Risk Management Identification – Best Practice Methods