Enterprise Risk Management Course

INTRODUCTION

Understanding an 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

OBJECTIVES

At the end of the course, participants will be able to:

• Perform Risk analysis of a set of financial statements;
• Establish the purpose of Risk management;
• Discover the role of Risk in short-term financial planning;
• Explain the relationship between risk and return on an investment.

TARGET AUDIENCE

• CEOs
• Board Members
• Audit Committees
• HODS
• Risk officers
• Strategy Managers
• Auditors (Internal & External)

COURSE CONTENT

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

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

CERTIFICATION

Upon successful completion of this training, participants will be issued with a Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMONDATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent