Program Objectives:

By the end of the program, participants will be able to:
* Explain the essentials of “Enterprise Risk Management”- ERM, and detail its 7 contributions.
* Use lessons learned from the events of the “Black Swan”.
* Identify the risks that are derived from people, processes and systems and their impact on operational, environmental and financial elements.
* Anticipate problems before they become a threat.
* Improve risk-based decision making.
* Link risks with the business planning process.
* Identify a range of techniques that can be used to support management in making appropriate decisions.

This Program is designed for:
Managers, senior managers, directors, financial controllers, auditors and executives. This program is worth 25 NASBA CPEs.

Program Fees:
Per participant - USD 3700
Frequent nomination - USD 3330
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy

Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.

Program Outline:

Introduction

* Risk Perception
* Why Should We Care about Risk
* The Changing Environment

Enterprise Risk Management- ERM

* Evolution of ERM
* Benefits of ERM
* The 4 Driving Forces of ERM

The 6 Categories of ERM

* Strategic
* Reporting
* Financial
* Life
* Compliance
* Operations:
o Environment (External and Internal)
o Excellence in Operational Risk:
+ Creating a “No Surprise” Environment
+ Improving Financial Performance
+ Pursuing Active Management of Risk

The 8 Components of ERM

* Internal Environment
* Objectives Setting
* Event Identification
* Risk Assessment:
o The Black Swan Challenge and Its Importance
o Quantitative versus Qualitative Analysis
* Risk Response
* Control Activities (The Process of ‘Operation Risk Management’- ORM)
* Information and Communication
* Monitoring

Pre-requisites
None

Delivery Type
Group-Live