The world is becoming increasingly puzzled, with rising public unrest, fluctuating oil prices, unprecedented natural disasters, volatile financial markets, and global economic ambiguity.
How do you chart a course through these turbulent waters in this age of global uncertainty?
Fortunately, many businesses have recognized the need for an Enterprise Risk Management (ERM) approach. This has ensured that previously isolated risks can now be aggregated and prioritized across the entire business.
Stopping here, on the other hand, is like driving a plane on a highway; it may be faster than the cars, but it hasn't reached its full potential.
Advanced ERM takes things a step further. Risks are estimated based on business materiality. A new understanding of the risks emerges, and efficient controllers can be performed to address what is important to the business. In short, the locus shifts from risk avoidance to strategic value creation.
Perform appropriate and diverse techniques for the identification and assessment of risks
Produce measured value by following the Enterprise Risk Management (ERM) structure with corporate representation expectations
Join the Board in the summary of project risk scenarios
Foster a culture that strengthens suitable risk-taking to balance mark creation and mark protection
Clarify Enterprise Risk Management (ERM) responsibilities of all employees from officials to the front line
Complete Key Risk Indicators (KRI’s) for each line of marketing
Enhance achievement of corporate objectives by linking performance marks, and risk management activities
This is an advanced-level training course and delegates should have preceding experience in the risk arena. Delegates should have a good educational standard and/or a professional qualification but no preparation is required.
The delivery method will be Group-live- with exercises and role-plays to simulate audit summaries and situations that insurance professionals will encounter. A short test will be given at the end of the course.
This Advanced Enterprise Risk Management training course will profit organizations in all business divisions. It will accommodate advanced tools and methods to refocus the risk method towards business materiality with each danger being assessed and compared by its financial, legal, reputational, and regulative impact, and analyzed by the force they could have on the business.
