Enterprise Risk Management

INTRODUCTION

Effective risk management is a value-adding activity which impacts the achievement of organisational strategy and objectives, the stability of earnings and bottom line performance. Risk also affects an organisation’s credit rating, share price and reputation. Therefore, enterprise risk management must be a key consideration for any business. In recent years, the business landscape has changed dramatically, largely due to fallouts from the Covid19 pandemic and the Russia/Ukraine conflict. Organisations globally have suffered severe effects from lockdowns, supply chain disruptions, systems and operational disruptions, energy crises, cyberattacks, market volatility, inflation and the ongoing economic instability. Many organisations have suffered significant losses from events such as frauds, misconduct, AML and sanction breaches, malware, ransomware, data leakages and extreme weather events; just to name a few. Additionally, technology advances such as digitalisation, artificial intelligence, machine learning, robotics have also dramatically altered the risk landscape.

There is an urgent need for organisations to improve their approach to managing risk on an enterprise-wide basis to meet the demands of the dynamic and fast evolving business environment.

Course Objectives:

This comprehensive course will provide practical working knowledge of the latest risk management practices. During the program, attendees will learn how to:

• Develop an enterprise risk management framework that is integrated with organisational strategy and performance
• Implement a risk governance model for effective risk oversight
• Embed good risk culture in the organisation
• Develop risk appetite and tolerance statements and embed them into risk management processes
• Apply the risk management process to identify, analyse, evaluate, treat, monitor and report risks that could threaten the achievement of organisational objectives

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