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Certified Enterprise Risk Specialist
Rating:
English
Intermediate
35 Nasba
LIVE VIRTUAL
TRAINING
FACE 2 FACE
ON SITE TRAINING
COACHING
& MENTORING
SELF-PACED
TRAINING
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Course Overview
Participants in this course will gain a full understanding as to today’s best practices in Enterprise Risk Management (ERM). The course has been structured to be highly interactive and involving to encourage participants to engage with others to identify where companies have gone wrong in the past, why they experienced issues, what risks they missed or ignored and how these issues could find their way into their own organizations. Once these issues are understood, participants will learn the simple but effective methods on how to design a strong risk function and operate ERM processes which will help enhance performance against the strategic objectives of the organization, protect against losses and reduce uncertainty. Equally important, participants will be given the best toolkit to enable key risks to be identified, recorded, measured, stressed and where possible mitigated or accepted (dependent upon the strategic Risk Appetite for that type or individual risk) and how best to report the findings to the Board. All of the above, will help participants learn about the best practices to develop and maintain a strong risk culture within an organization which is aligned to the Boards Strategic aims.
Key Takeaways
1
Understand the need for an effective ERM Framework and what the key components of an ERM are and how these should be implemented.
2
Risk Culture u2013 what is good, what is bad and how to ensure that it is effective throughout the entire Enterprise.
3
Understand the risks that Firms face and how these should be identified, recorded, stressed and managed in the most effective manner using best practice u2013 Risk Appetite, Risk Registers, Risk Control Self Assessments, Key Risk Indicators, Key Control Indicators, Scenario Analysis, Stress Tests and Good Management Information.
4
Understand the need for excellent Risk Management to bring all the parts of the ERM together and how this can be done.
5
Most importantly, be able to go back into your organization and make a difference. Be able to show that with a good ERM your company can become more profitable and yet more resilient to shocks.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional association with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.
Course Outline
Day 1
Establishing The Scene – Predominately Workshops and Recording of Feedback
What is Risk? Is Risk Bad? Who manages risk and what is it they manage? Where have companies failed to manage risk and how did they fail? Could the failure have been avoided or the effects reduced? Is there a Risk type that has a greater likelihood of bringing down an organization? Are there risk types that are very difficult to control/ manage?
Introduction to the:
COSO Enterprise Risk Framework, The Three Lines of Defence model, Committee Structures and Responsibilities, Risk Management Departments and Responsibilities, Who owns each risk type Risk Policy, Procedure and Guidelines, Risk Culture
Q & A on the day’s study
Day 2
Analysis of Strategic, Market, Credit, Liquidity and Operational Risk – Lectures, discussions and workshops
For each risk
Definition and sources of risk How is the risk quantified? VaR, PD, LGD, EAD, IRB, OpVaR The issues relating to the methods of quantification – normal distribution tails The products or methods by which these risks can be managed Case study Q & A on the day’s study
Who Should Attend?
This highly practical and interactive course has been specifically designed for
Manager to Director
Front Office
Operations
Finance
IT
Audit
Risk
Compliance
HR
Facilities Management
External Relationships
Corporate Office
Consultants
Analysts...
FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected]
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
