Risk Governance & Enterprise Risk Management (erm) Training Course: Overseeing Risk Management Frameworks

Introduction

Risk Governance & Enterprise Risk Management (ERM) training empowers board members and executives to effectively oversee and implement robust risk management frameworks. This course focuses on analyzing enterprise-wide risks, implementing risk assessment methodologies, and understanding the impact of risk management on strategic decision-making and organizational resilience. Participants will learn to develop risk governance policies, utilize risk reporting tools, and understand the intricacies of using risk appetite and tolerance to guide strategic initiatives. By mastering ERM, professionals can enhance their ability to build a risk-aware culture, mitigate potential threats, and contribute to a more stable and sustainable organizational future.

The increasing complexity of business environments necessitates a comprehensive understanding of risk governance and ERM best practices. This course delves into the nuances of risk identification, risk mitigation, and continuous monitoring, empowering participants to develop and implement tailored risk management strategies. By integrating risk expertise with governance acumen, this program enables organizations to lead initiatives that maximize risk mitigation and drive strategic success.

Target Audience:

• Board members
• C-suite executives
• Risk managers
• Compliance officers
• Internal auditors
• Strategy managers
• Financial analysts
• Consultants
• Individuals interested in risk governance
• Project managers

Course Objectives:

• Understand the principles and importance of risk governance and enterprise risk management (ERM).
• Implement techniques for conducting enterprise-wide risk assessments and identifying key risks.
• Understand the role of risk appetite and tolerance in guiding strategic decision-making.
• Implement techniques for developing and implementing a comprehensive ERM framework.
• Understand the principles of risk mitigation and control strategies.
• Implement techniques for utilizing risk reporting tools and dashboards.
• Understand the role of risk culture and communication in effective risk management.
• Implement techniques for integrating risk management into strategic planning and operations.
• Understand the legal and regulatory considerations related to risk governance and ERM.
• Develop strategies for measuring and analyzing the effectiveness of ERM initiatives.

DURATION

5 Days

COURSE CONTENT

Module 1: Foundations of Risk Governance and ERM

• Principles and importance of risk governance and enterprise risk management (ERM).
• Understanding the risk landscape and its implications for organizations.
• Benefits of overseeing risk management frameworks.
• Historical context and evolution of ERM.

Module 2: Enterprise-Wide Risk Assessments

• Techniques for conducting enterprise-wide risk assessments and identifying key risks.
• Implementing risk mapping and vulnerability analysis.
• Utilizing risk assessment tools and methodologies.
• Managing risk assessments.

Module 3: Risk Appetite and Tolerance

• Role of risk appetite and tolerance in guiding strategic decision-making.
• Understanding risk appetite frameworks and definitions.
• Implementing risk tolerance setting and monitoring.
• Managing risk appetite.

Module 4: ERM Framework Development

• Techniques for developing and implementing a comprehensive ERM framework.
• Implementing framework design and documentation.
• Utilizing ERM standards and guidelines.
• Managing ERM frameworks.

Module 5: Risk Mitigation and Control Strategies

• Principles of risk mitigation and control strategies.
• Understanding risk mitigation techniques and tools.
• Implementing control measures and monitoring.
• Managing risk mitigation.

Module 6: Risk Reporting Tools and Dashboards

• Techniques for utilizing risk reporting tools and dashboards.
• Implementing risk data collection and analysis.
• Utilizing risk dashboards and reporting platforms.
• Managing risk reporting.

Module 7: Risk Culture and Communication

• Role of risk culture and communication in effective risk management.
• Understanding risk communication strategies.
• Implementing risk awareness and training programs.
• Managing risk culture.

Module 8: Integration, Ethics, and Measurement

• Techniques for integrating risk management into strategic planning and operations.
• Implementing ethical considerations in risk governance.
• Utilizing performance metrics and reporting.
• Managing ERM measurement.

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 5 working days before commencement of the training.