No longer confined within the realm of insurance transactions, (ERM) has now evolved to play a central role within organizations. This integration extends to the Governance, Risk, and Compliance (GRC) framework—from corporate governance to compliance, this highlights its crucial role in shaping and protecting the way modern businesses operate.
Enterprise Risk Management is a strategic process centered around studying the potential risks that may prevent a corporation from achieving its goals. This dynamic approach involves not only identifying these risks but also learning effective strategies and measures to successfully overcome and mitigate the challenges that may arise. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management.
Our course allows you to explore the widely acclaimed ERM system designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), offering essential insights into risk management. Navigate through the assessment of internal environments, objective-setting influenced by organizational tone, corporate governance directives, vision, mission, and strategies. Gain expertise in identifying, assessing, and responding to risks, implementing effective controls.
Inspect risk across diverse organizational areas, including strategy, reporting, compliance, operations, financial and physical risk, across various industries. Master the art of monitoring, communicating, and reporting risks effectively, enroll now!
At the end of this course, participants will be able to:
Introduction
Risk management and corporate governance
Risk management and corporate control environment
ERM and its evolution
Risk categories
ERM components