Exam Preparation
CERS™Certified Enterprise Risk Specialist
Rating:
English
Intermediate
28 Nasba
FACE 2 FACE
ON SITE TRAINING
LIVE VIRTUAL
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& MENTORING
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Course Overview
We all now agree that the world as we know it has changed forever. The implications of Covid-19 will remain for many years to come altering our professional and personal lives in so many ways.
Covid-19 will not only result in industry disruptions but also will disrupt many professions as well. Risk Management represents one of the key professions to be impacted by the virus, as our entire mindset that was completely anchored towards “Severity”, “Likelihood”, “Impact” and “Prioritization” has now been completely altered.
Organizations need to consider as to whether they need to be prepared for the least likelihood of outcomes as much as to the highest likelihood of outcomes. Debatable but rationalizations worth considering.
Based on the above, we anticipate that risk management will gradually rise on the Corporate Board Agenda and will now have a more engaged and progressive seat at the table.
This training program has been tailored to ensure todays Risk Managers are able to adapt with the challenges of tomorrow. The below details key topics that will be addressed.
Covid-19 will not only result in industry disruptions but also will disrupt many professions as well. Risk Management represents one of the key professions to be impacted by the virus, as our entire mindset that was completely anchored towards “Severity”, “Likelihood”, “Impact” and “Prioritization” has now been completely altered.
Organizations need to consider as to whether they need to be prepared for the least likelihood of outcomes as much as to the highest likelihood of outcomes. Debatable but rationalizations worth considering.
Based on the above, we anticipate that risk management will gradually rise on the Corporate Board Agenda and will now have a more engaged and progressive seat at the table.
This training program has been tailored to ensure todays Risk Managers are able to adapt with the challenges of tomorrow. The below details key topics that will be addressed.
Key Takeaways
1
Obtain a detailed understanding of the different components and principles pertaining to the COSO ERM Aligning Risk with Strategy & Performance and the COSO Internal Control – Integrated Framework
2
Obtain further information regarding the ISO 31000:2018 framework and understand the difference as compared to the related COSO framework.
3
Leveraging PESTEL Analysis to obtain a sound understanding of the organizations environment.
4
Understanding the different types of risk identification methodologies.
5
Thinking “Root Cause” when developing risk mitigation plans.
6
Learning to focus on automated controls as a solid path to sound risk mitigation.
7
Learn about specific areas that we are failing to enable with effective internal controls.
8
Learn more about Fraud Risks including anti-fraud controls.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ (IABFM) is a global professional association offering certification training programs worldwide. IABFM™ hosts and organizes professional development courses and grants exclusive board designations to candidates who successfully meet its established standards and assessment criteria. With more than 200,000 members and affiliates across over 145 countries, IABFM™ focuses on advancing careers in business, finance, and management through specialized certifications.
Course Outline
Day 1
Introduction to Risk Management
→ Current State of Risk Management
→ Different Risk Management Frameworks
→ Organizational Culture & Risk Management
→ The Risk Management Maturity Model
→ The Risk Management Road Map
→ The Chief Risk Officer – A Change Agent
→ Different Risk Management Frameworks
→ Organizational Culture & Risk Management
→ The Risk Management Maturity Model
→ The Risk Management Road Map
→ The Chief Risk Officer – A Change Agent
Corporate Governance& Risk Management
→ The Three Lines of Defense
→ The Role of the Board in Risk Management
→ The Board Risk Management Committee
→ Authority & Accountability
→ Tone at the Top and Code of Conduct
→ The Role of the Board in Risk Management
→ The Board Risk Management Committee
→ Authority & Accountability
→ Tone at the Top and Code of Conduct
Day 2
COSO ERM – Aligning Risk with Strategy & Performance
→ Governance & Culture
• Exercises Board Risk Oversight
• Establishes Operating Structures
• Defines Desired Culture
• Demonstrates Commitment to Core Values
• Attracts, Develops and Retails Capable Individuals
→ Strategy & Objective Setting
• Analyzes Business Context
• Defines Risk Appetite
• Evaluates Alternative Strategies
• Formulates Business Objectives
→ Performance
• Identifies Risk
• Assesses Severity of Risk
• Prioritizes Risk
• Implements Risk Responses
• Develops Portfolio View
→ Review & Revision
• Assesses Substantial Change
• Reviews Risk & Performance
• Purses Improvement in Enterprise Risk Management
→ Information, Communication & Reporting
• Leverages Information & Technology
• Communicates Risk Information
• Reports on Risk, Culture & Performance
• Exercises Board Risk Oversight
• Establishes Operating Structures
• Defines Desired Culture
• Demonstrates Commitment to Core Values
• Attracts, Develops and Retails Capable Individuals
→ Strategy & Objective Setting
• Analyzes Business Context
• Defines Risk Appetite
• Evaluates Alternative Strategies
• Formulates Business Objectives
→ Performance
• Identifies Risk
• Assesses Severity of Risk
• Prioritizes Risk
• Implements Risk Responses
• Develops Portfolio View
→ Review & Revision
• Assesses Substantial Change
• Reviews Risk & Performance
• Purses Improvement in Enterprise Risk Management
→ Information, Communication & Reporting
• Leverages Information & Technology
• Communicates Risk Information
• Reports on Risk, Culture & Performance
Day 3
COSO Internal Control – Integrated Framework
→ Control Environment
• Demonstrates commitment to integrity and ethical values
• Exercises oversight responsibility
• Establishes structure, authority, and responsibility
• Demonstrates commitment to competence
• Enforces accountability.
→ Risk Assessment
• Specifies suitable objectives
• Identifies and analyzes risk
• Assesses fraud risk
• Identifies and analyzes significant change
→ Control Activities
• Selects and develops control activities
• Selects and develops general controls over technology
• Deploys control activities through policies and procedures
→ Information & Communication
• Uses relevant information
• Communicates Internally
• Communicates externally
• Demonstrates commitment to integrity and ethical values
• Exercises oversight responsibility
• Establishes structure, authority, and responsibility
• Demonstrates commitment to competence
• Enforces accountability.
→ Risk Assessment
• Specifies suitable objectives
• Identifies and analyzes risk
• Assesses fraud risk
• Identifies and analyzes significant change
→ Control Activities
• Selects and develops control activities
• Selects and develops general controls over technology
• Deploys control activities through policies and procedures
→ Information & Communication
• Uses relevant information
• Communicates Internally
• Communicates externally
Day 4
ISO 31000: 2018
→ Principles
• Value Creation & Protection
– Continual Information
– Integrated
– Structured & Comprehensive
– Customized
– Inclusive
– Dynamic
– Best Available Information
– Human & Cultural Factors
→ Process
• Scope, Context , Criteria
• Risk Assessment
– Risk Identification
– Risk Analysis
– Risk Evaluation
• Risk Treatment
• Recording & Reporting
• Communication & Consultation
• Monitoring & Review
→ Framework
• Leadership & Commitment
• Integration
• Design
• Implementation
• Evaluation
• Improvement
→ Compliance Risk Management
→ Defining Compliance Risks
→ Applying the COSO ERM Framework to Compliance Risk Management
→ Conducting Compliance Risk Assessments
→ Identifying Compliance Risk Factors
→ Developing the Compliance Monitoring Program
→ Applying the ISO 19600:2018 to Compliance Risk Management
→ Fraud Risk Management
• Value Creation & Protection
– Continual Information
– Integrated
– Structured & Comprehensive
– Customized
– Inclusive
– Dynamic
– Best Available Information
– Human & Cultural Factors
→ Process
• Scope, Context , Criteria
• Risk Assessment
– Risk Identification
– Risk Analysis
– Risk Evaluation
• Risk Treatment
• Recording & Reporting
• Communication & Consultation
• Monitoring & Review
→ Framework
• Leadership & Commitment
• Integration
• Design
• Implementation
• Evaluation
• Improvement
→ Compliance Risk Management
→ Defining Compliance Risks
→ Applying the COSO ERM Framework to Compliance Risk Management
→ Conducting Compliance Risk Assessments
→ Identifying Compliance Risk Factors
→ Developing the Compliance Monitoring Program
→ Applying the ISO 19600:2018 to Compliance Risk Management
→ Fraud Risk Management
Day 5
Fraud Governance
→ Hiring Board Directors
→ Related Party Transactions
→ Conflicts of Interest
→ Code of Conduct
→ Performance Assessment
→ Embedding Fraud Risks in Strategy Development
→ Remuneration Policies
→ Fraud Risk – Risk Management, Internal Audit or Compliance?
→ Policies & Procedures
→ Culture
→ Whistleblowing
→ Systems & Automation
→ Know Your Employee (KYE)
→ Know Your Supplier (KYS)
→ Know Your Customer (KYC)
→ Employee Accountability
→ Performance Measurement
→ Related Party Transactions
→ Conflicts of Interest
→ Code of Conduct
→ Performance Assessment
→ Embedding Fraud Risks in Strategy Development
→ Remuneration Policies
→ Fraud Risk – Risk Management, Internal Audit or Compliance?
→ Policies & Procedures
→ Culture
→ Whistleblowing
→ Systems & Automation
→ Know Your Employee (KYE)
→ Know Your Supplier (KYS)
→ Know Your Customer (KYC)
→ Employee Accountability
→ Performance Measurement
Fraud Risk Assessment & Identification
→ Types of Fraud Risks
→ Analyzing Internal & External Factors
→ The Fraud Triangle – A critical tool to risk assessment & Identification
→ Data Analytics & Risk Identification
→ Documenting Fraud Risks
→ The Fraud Risk Register
→ Analyzing Internal & External Factors
→ The Fraud Triangle – A critical tool to risk assessment & Identification
→ Data Analytics & Risk Identification
→ Documenting Fraud Risks
→ The Fraud Risk Register
Anti Fraud Controls
→ Preventive & Detective Controls
→ Automated Vs. Manual Controls
→ Control Reports & Data Analysis
→ Technology & Related Controls
→ Automated Vs. Manual Controls
→ Control Reports & Data Analysis
→ Technology & Related Controls
Who Should Attend?
This highly practical and interactive course has been specifically designed for
The course has been designed to benefit anyone from any discipline from any industry (profit or not for profit) who has responsibility for the management of a function within an enterprise and who has some input into the risk framework of their company already or is about to embark on implementing a risk framework.
Their level could be Manager to Director, Front Office, Operations, Finance, IT, Audit, Risk, Compliance, HR, Facilities Management, External Relationships, Corporate Office, Consultants, Analysts...
Their level could be 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 a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
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
