Effective Enterprise Risk Management Training


This Effective Enterprise Risk Management Training in Dubai covers all the elements of an effective ERM program designed specifically for organizations, and meeting regulatory requirements and expectations. An effective ERM program provides senior management and the board of directors with a solid foundation for risk governance. In addition, this program provides attendees with an overview of significant risks faced by entities/ companies and the most common practices in place to address them.

Given the current risk landscape, it is imperative that organizations establish an Enterprise Risk Management (ERM) program to ensure a holistic approach to risk management and to ensure all necessary tasks are carried out in a coordinated manner.

This is an executive-level presentation, where information is shared mainly through examples, industry-specific case studies and personal experience. Major concepts and ideas, as opposed to highly technical or quantitative methods, are used to describe risks and mitigating controls.

How you will benefit

  • Developing and Implementing Risk Appetite and Tolerance Limits
  • Assessing Credit, Market and Operational Risk
  • Selecting and Tracking Key Risk indicators
  • Building and Using a Risk Register and a Risk Assessment Matrix
  • Managing Reputation Risk
  • Managing Risk of Large Projects, New Products and Major Initiatives

Course Outline

Enterprise risk management in context

  • Lessons learned from the financial crisis
  • Value proposition for ERM
  • Key principles and definitions
  • Components of an effective ERM framework

Regulatory framework

  • Financial Stability Board
  • COSO ERM Framework
  • Other important guidance

Governance structure and risk profiles

  • Board and management governance structure
  • The Chief Risk Officer role
  • Components of an ERM Policy
  • Risk limits and tolerance levels

Risk assessment and quantification tools

  • Risk-control assessments
  • Key risk indicators
  • Value-at-risk and economic capital models
  • Stress-testing and scenario analyses
  • Integrating qualitative and quantitative tools

Risk-return management

  • Independence of the risk management function
  • Integration of ERM and business processes
  • Linkages between risk, capital, and value management
  • Risk transfer strategies

Dashboard reporting and monitoring

  • Board and management reporting
  • Dashboard reports and technologies
  • Performance measurement and feedback loop

Current ERM topics

  • Emerging risk or “black swan” analysis
  • Model risk
  • New product development and approval
  • Review of new initiatives and significant projects
  • Vendor and outsourcing risk
  • Risk data aggregation and reporting

Implementing the ERM program

  • Implementation requirements
  • Linking ERM and incentive compensation systems
  • Integrating strategic planning and ERM
  • Rating agency criteria for ERM
  • Key success factors as a risk professional
  • Risk management training

Summary and Conclusion

  • Group discussion of key takeaways
  • Closing remarks

Who Should Attend

Managers, Branch Managers, Directors, Risk Managers, Internal and External Audit Staff, new or experienced Internal Auditors and Internal Audit consultants who wish to enhance their knowledge in the areas of Risk Based Audit methodology.

  • Risk Officers
  • Compliance Officers
  • Internal and External Auditors
  • Operations Managers
  • Business Executives

Training Material

Participants will be provided with relevant PowerPoint presentations, risk assessment examples, risk based audit methodology guidance, sources of information, risk based audit examples and case studies and risk based audit checklists.