COURSE INFORMATION

Scheduled Dates: 05 – 16 Feb '2024 | 06 – 17 May '2024 | 05 – 16 Aug '2024 | 04 – 15 Nov '2024

Duration: 2 weeks

Customized dates and one-on-one sessions can be organized.

Preamble

The course aims at imparting to the participants knowledge of ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management.

Course objectives :

The course will develop the students’ skills for:

• Improving risk monitoring and control
• Analyzing and assessing risks
• Advising directors on risks
• Controlling risks
• Mitigating risks
• Reporting risks

Course Outline

Introduction

 

v  Risk perception

v  Why should we care about risk

v  Internal environment changes

v  External environment changes

 

Risk Management and corporate governance

 

v  Introduction to corporate governance

v  GRC concept: governance, risk and compliance

v  GRC system: governance, risks and controls.

v  Risk management as part of corporate governance.

v  Governance failures

v  Risk based decision making

 

Risk management and corporate control environment

 

v  Risk management’s influence on designing internal controls

v  Risk-based internal audit assessment of risk management performance

 

ERM and its evolution

v  ERM evolution

v  ERM benefits

v  ERM platform

·       Strategic approach

·       Operations and tactics

·       Business reporting

·       Compliance and process

 

Risk categories

 

v  Strategic risks

v  Reporting risks

v  Financial risks

v  Physical: life and safety risks

v  Compliance

·       Laws and regulations

·       Financial reporting standards

v  Operations

·       External environment: socioeconomic, regulations, technology and competition

·       Internal environment: structure, processes and culture

ERM components

v  Internal environment

v  Objectives setting

v  Event identification

v  Risk assessment

• The black swan challenge
• Quantitative versus qualitative analysis

v  Risk response

v  Control activities

v  Information and communication

 

v  Risk monitoring

REGISTRATION

To register, kindly fill the Seminar Registration Form and send it to us through:

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TERMS AND CONDITIONS OF PAYMENT

1. Fees Payment - All fees are payable strictly in advance 2 working days before the course starting date.
2. Cancellation Fee - Cancellation of any participant 5 working days before the start day of a course will incur a 20% cancellation fee.
   We regret that no cancellations will be accepted within 2 working days of a course, but substitutions may be made.