Introduction
Organisation can minimise the effects of risk on its capital and earning through the process of planning, organising, leading and controlling its activities. Enterprise Risk Management aims to measure an organisation’s achievement of four primary objectives; Strategic, Operational, Financial Reporting and Compliance. Enterprise Risk Management is the process which organisations identify, measure, manage and monitor all key risks in the organisations to ultimately meet business objectives and increase value to stakeholders
How you will benefit
- Learn the Enterprise Risk Management principles, framework and practises
- Understand risk issues faced by organisations across many sectors
- Learn the common approaches to Enterprise Risk Management by organisations
- Understand how Enterprise Risk Management processes can be integrated into organisations’ daily decision-making processes to enhance stakeholders understanding and awareness of risk inherent within any forms of operations in the organisation
Who should attend
RBNC designed program for anyone who have keen interest and wishes to gain an insight into Enterprise Risk Management
What you will cover
Module 1: Concept of Risk
- Definition / Classification of Risk in General
- Why Manage Risk: Positive and Negative Effects of Risk (Minimising Exposure to the Wrong Risks versus Increasing Exposure to Good Risks)
Module 2: Overview of Corporate Risk Management (Enterprise Risk Management)
- Basic ERM Infrastructure: Concept and Evolution of Enterprise Risk Management
- Common Approaches to Enterprise Risk Management by Organisations
- CAS Framework, AIRMIC Framework and COSO Framework of Identification of Risk and Enterprise Management Objective, Assessing Risk, Managing Risks
- Principal Strategies and Methods and Finally Monitoring Risks
Module 3: Implementation of Enterprise Risk Management At Corporate, Strategic Business and Project Levels
- Identification of Risk and Setup of Management Objectives
- Sources of Risks/Type of Risks, Tools and Techniques, Risk Aversion, Risk Policy, Risk Tolerance and Risk Appetite, Creating Value from Risk Taking/ Risk Hedging and Risk Management Process
- Assess and Quantify Risk
- Risk Analysis and Evaluation to Decide Which Risks to Hedge, Avoid Or Retain, Risk Estimation Techniques (Qualitative And Quantitative)
- Managing Risk
- Risk Avoidance, Risk Transfer, Risk Reduction or Risk Retention and Tools Available (e.g. Financial Products to Manage Markets Risks), Value versus Cost from Hedging
- Monitoring and Review Risk
- Review Obsolescence of Outcome from the Risk Analysis Due to Changing Environment, Monitor and Audit the Risk Management Process
Module 4: Risk Management and Corporate Governance
- Concept and Theoretical Perspective Of Corporate Governance
- Agency Theory and Transaction Cost Theory
- Concept / Components of Risk Governance
- Roles and Responsibilities, Organisational Structure and Policies/ Procedures
- Strategic Risk Taking and Building a Risk Taking Organisation: Approaches and Challenges
Module 5: Case Studies
- Corporate Risk Management
- Operational Risk Management
- Business Development & Growth Risk Management