Auditing Enterprise Risk Management (erm) Frameworks Training Course For Central Banks

Introduction

Strengthen your central bank's risk management capabilities with our specialized Auditing Enterprise Risk Management (ERM) Frameworks Training Course. This program is meticulously designed to focus on assessing the effectiveness of ERM frameworks specifically within central banking environments, ensuring your institution can proactively identify and mitigate risks to its core functions and stability. In an era of increasing financial complexity, mastering ERM auditing is crucial for central banks seeking to maintain operational resilience and regulatory compliance. Our ERM framework audit training course provides in-depth knowledge and practical applications, empowering you to develop robust audit strategies for enterprise risk management.

This Auditing Enterprise Risk Management (ERM) Frameworks training delves into the core components of modern ERM audits within central banks, covering topics such as risk governance assessments, risk appetite verification, and stress testing validation. You’ll gain expertise in using industry-leading tools and techniques to Auditing Enterprise Risk Management (ERM) Frameworks, meeting the demands of contemporary financial oversight. Whether you're an auditor, risk manager, or compliance officer in a central bank, this Auditing Enterprise Risk Management (ERM) Frameworks course will empower you to drive strategic audit initiatives and optimize ERM governance.

Target Audience:

• Auditors (Central Banks)
• Risk Managers (Central Banks)
• Compliance Officers (Central Banks)
• Financial Analysts (Central Banks)
• Regulatory Specialists (Central Banks)
• Internal Control Professionals (Central Banks)
• Policy Advisors (Central Banks)

Course Objectives:

• Understand the fundamentals of Auditing Enterprise Risk Management (ERM) Frameworks.
• Master audit considerations for ERM frameworks in central banks.
• Utilize risk governance assessment and policy verification methodologies.
• Implement risk appetite and tolerance validation audits.
• Design and build audit frameworks for ERM data governance.
• Optimize audit processes for ERM infrastructure and reporting.
• Troubleshoot and address common challenges in ERM auditing.
• Implement stress testing and scenario analysis audits.
• Integrate ERM audit findings with existing compliance systems.
• Understand the regulatory requirements for ERM audits in central banking.
• Explore emerging trends in ERM auditing for financial stability.
• Apply real world use cases for ERM auditing in central banking operations.
• Leverage ERM auditing tools and platforms for efficient implementation.

Duration

10 Days

Course content

Module 1: Introduction to ERM Auditing in Central Banks

• Fundamentals of Auditing Enterprise Risk Management (ERM) Frameworks.
• Overview of unique audit considerations for ERM in central banking.
• Setting up an ERM auditing framework.
• Introduction to risk governance assessment and risk appetite verification.
• Best practices for ERM auditing initiation in central banks.

Module 2: Risk Governance Assessment and Policy Verification

• Mastering risk governance assessment and policy verification methodologies.
• Utilizing risk committee effectiveness audits.
• Implementing policy and procedure compliance audits.
• Designing and building risk governance audit checklists.
• Best practices for risk governance audits.

Module 3: Risk Appetite and Tolerance Validation Audits

• Implementing risk appetite and tolerance validation audits.
• Utilizing quantitative and qualitative risk appetite assessments.
• Implementing risk tolerance monitoring and reporting audits.
• Designing and building risk appetite audit frameworks.
• Best practices for risk appetite validation audits.

Module 4: ERM Data Governance

• Designing and build audit frameworks for ERM data governance.
• Utilizing data quality and integrity assessments.
• Implementing data access and control audits.
• Designing and building data governance policies for ERM.
• Best practices for ERM data governance.

Module 5: Audit Processes for ERM Infrastructure and Reporting

• Optimizing audit processes for ERM infrastructure and reporting.
• Utilizing ERM-native audit tools.
• Implementing continuous monitoring and logging.
• Designing and building automated audit workflows for ERM.
• Best practices for ERM audit process optimization.

Module 6: Troubleshooting ERM Auditing Challenges

• Troubleshooting and addressing common challenges in ERM auditing.
• Analyzing model risk and validation issues.
• Utilizing problem-solving techniques for resolution.
• Resolving common data integration and reporting issues.
• Best practices for issue resolution in ERM audits.

Module 7: Stress Testing and Scenario Analysis Audits

• Implementing stress testing and scenario analysis audits.
• Utilizing model validation and assumption testing.
• Implementing sensitivity analysis and stress testing reviews.
• Designing and building stress testing audit frameworks.
• Best practices for stress testing audits.

Module 8: Integration with Compliance Systems

• Integrating ERM audit findings with existing compliance systems.
• Utilizing API integrations and ERM analytics tools.
• Implementing audit findings in compliance reporting.
• Designing and building integrated compliance platforms for ERM.
• Best practices for system integration in ERM environments.

Module 9: Regulatory Requirements for ERM Audits

• Understanding the regulatory requirements for ERM audits in central banking.
• Utilizing Basel Committee and local regulatory guidelines.
• Implementing compliance monitoring and reporting for ERM.
• Designing and building compliant audit systems for ERM.
• Best practices for regulatory adherence in ERM audits.

Module 10: Emerging Trends in ERM Auditing

• Exploring emerging trends in ERM auditing for financial stability.
• Utilizing AI and machine learning for risk modeling and forecasting.
• Implementing climate risk and cyber risk assessments in ERM.
• Designing and building future-proof audit systems for ERM.
• Optimizing advanced audit applications for ERM.
• Best practices for innovation in ERM audits.

Module 11: Real-World Use Cases in Central Banking

• Applying real world use cases for ERM auditing in central banking operations.
• Utilizing ERM audits for monetary policy implementation.
• Implementing risk audits for foreign exchange reserve management.
• Utilizing compliance audits for payment system oversight.
• Implementing stress testing audits for financial stability assessments.
• Best practices for real-world application in ERM audits.

Module 12: ERM Auditing Tools and Platforms

• Leveraging ERM auditing tools and platforms for efficient implementation.
• Utilizing risk management software and analytics tools.
• Implementing data visualization and reporting dashboards.
• Designing and building automated audit workflows for ERM.
• Best practices for tool implementation in ERM audits.

Module 13: Monitoring and Metrics in ERM Audits

• Implementing ERM auditing project monitoring and metrics.
• Utilizing audit performance indicators and KPIs for ERM.
• Designing and building monitoring dashboards for ERM audits.
• Optimizing monitoring for real-time insights in ERM.
• Best practices for monitoring in ERM audits.

Module 14: Future of ERM Auditing

• Emerging trends in ERM auditing technologies and frameworks.
• Utilizing decentralized audit models for risk data integrity.
• Implementing AI-driven threat analysis and risk prediction.
• Best practices for future ERM auditing management.

Module 15: Security Automation in ERM Auditing

• Automating security tasks within ERM auditing processes.
• Implementing policy-as-code for compliance checks in ERM.
• Utilizing automated vulnerability scanning for ERM data systems.
• Best practices for security automation within ERM audits.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.