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Beacon FinTrain

Provides an array of professional business and financial training services that stem from improving a corporate's treasury workflow —all the way to efficient, finance training programs.

Course Overview

This comprehensive program, "Introduction to Enterprise Risk Management (ERM)," is designed for professionals and leaders seeking a profound understanding of risk management principles and the evolving landscape of ERM.
The course takes participants on a structured journey, starting with the fundamentals of risk, followed by an exploration of various ERM frameworks, including an overview for Basel III, ISO 31000, and COSO. Motivations, benefits, and best practices in ERM are extensively covered, along with in-depth insights into the main dimensions of ERM programs. Participants will delve into the strategic objectives and implementation processes of ERM, gaining practical knowledge through the study of risk management processes, risk culture, and the 6As for Enterprise Risk Management. The program culminates in a hands-on case study and practical exercises, providing participants with a holistic and applicable understanding of risk management in diverse organizational contexts.

Learning Outcome

Explain ERM framework, methodologies, and strategic objectives.

Grasp the implementation process and framework per ISO 31000.

Study the GARP Risk Management process, compare ERM processes according to ISO 31000, and align ERM with strategic planning.

Introduce KRAs, KRIs, and KPIs, assigning Risk Owners with action plans.

Explore ERM process steps, covering establishment, risk identification, analysis, evaluation, treatment, controls, and monitoring.

Emphasize risk registers and their development.

Course Outline

  • What is Risk?
  • What is Risk Management?
  • ERM Evolution Comparison of Basel III vs ISO31000 and COSO.

  • ERM Motivations and Benefits
  • ERM Best Practices
  • ERM Program 5 Dimensions (1. Targets,2. Structure,3. Identification and metrics,4. ERM strategies,5. Culture)

ERM strategic objectives ERM implementation process ERM implementation framework per ISO 31000

Risk Management process according to GARP ERM process according to ISO 31000 What is ERM process.

Importance of alignment of ERM to Strategic planning Introduction to Setting up KRAs, KRIs and KPIs Assign Risk Owners with KPIs setting Action Plan and an example for a selected type of risk Establish Scope, Context and Criteria Action Plan and an example for a selected type of risk







  • Understanding Enterprise Risk Management (ERM)
  • Overview of ERM Frameworks and Models
  • Identifying Risks Across the Organization
  • Assessing Risk Appetite and Tolerance
  • Developing Risk Management Strategies
  • Implementing Risk Mitigation Plans
  • Monitoring and Reporting Risk Exposure
  • Integration of ERM into Strategic Planning
  • Role of Leadership in ERM Implementation
  • Engaging Stakeholders in Risk Management
  • Conducting Risk Assessments and Scenario Analysis
  • Case Study Analysis of ERM Implementation
  • Practical Exercises for Risk Identification and Assessment
  • Group or Individual Projects to Develop ERM Plans
  • Application of ERM Concepts to Real-world Scenarios
  • Evaluation of ERM Effectiveness and Continuous Improvement
  • Sharing Best Practices and Lessons Learned from ERM Initiatives

Who Should Attend

Risk Management Professionals seeking a comprehensive understanding of risk concepts and ERM frameworks=Business Leaders and Executives interested in implementing effective enterprise risk management practices.=Compliance Officers aiming to enhance their knowledge of risk identification, analysis, and mitigation.=Project Managers seeking to integrate risk management seamlessly into project planning and execution.=Finance Professionals interested in aligning risk management with strategic financial planning.=Individuals aspiring to pursue a career in risk management or related fields=Corporate Governance Professionals involved in shaping organizational risk culture.

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