Enterprise Risk Management

Understanding your organization’s risks and exposures, and acquiring skills to mitigate these risks is not an option for any Director or Senior Manager. While the ultimate responsibility of ensuring that the organization has identified risks and instituted measures to mitigate such exposures rests with the board, establishing an effective risk management framework is an essential and critical part of the management function;- senior managers must  acquire an understanding of these risks as a basis of ensuring that boards comply with this requirement. This way, management is able to help boards to comply with this important requirement of establishing an effective risk management framework. Furthermore, identification of risks and putting in place mitigating measures is not the function of Internal Audit or Risk Managers; - while these functions have a key role in facilitating and guiding in Risk Management process, functional organizational players have the basic responsibility of identifying risks relevant to their areas of operation, and establish mitigating strategies against them by firmly embedding sound risk management practices across all the organization functions.

DURATION

5 Days

WHO SHOULD ATTEND?

• Compliance Officers/Managers
• Information Security Managers
• Records Managers
• Information Managers
• Operations Managers
• Knowledge Managers
• Administrators

1. Demystifying Enterprise Risk Management-Evolution, Risk Management Concepts and Frameworks
2. Risk Management , Strategic Planning and Governance
3. Internal Controls and Risk Management.
4. Identifying and Assessing Organizational Risks.
5. Establishing and Formalizing Risk management Framework.
6. Planning and conducting a detailed risk assessment.
7. Risk Management strategies.
8. Detecting, Investigating and preventing fraud using Risk Management Systems.
9. Biases and Risks in Decision Making 
10. ERM Ownership- Role of Internal Audit, Functional Managers in Risk Management.
11. Role of Board and Audit committee in risk management.
12. Embedding a culture of Risk Management in the organization.