This comprehensive course provides financial professionals with the knowledge and skills to implement and manage enterprise risk management (ERM) frameworks effectively. Participants will learn risk identification, assessment, response, and monitoring techniques across all organizational risk categories. The program covers COSO ERM framework implementation, risk appetite development, and integration of risk management with strategic planning and performance management. Through practical exercises and case studies, attendees will develop the expertise to build risk-aware cultures and enhance organizational resilience.
Enterprise Risk Management (ERM) for Financial Professionals
Financial Management and Accounting
October 25, 2025
Introduction
Objectives
Key learning objectives for this course include:
- Master COSO ERM framework principles and components
- Develop and implement enterprise risk management programs
- Identify and assess risks across all organizational categories
- Create risk appetite statements and tolerance levels
- Integrate risk management with strategy and performance
- Implement risk response and treatment strategies
- Develop risk monitoring and reporting systems
- Build risk-aware organizational cultures
- Measure and demonstrate ERM value and effectiveness
Target Audience
- Risk Management Officers
- CFOs and Finance Directors
- Internal Auditors
- Compliance Managers
- Strategic Planning Professionals
- Operations Managers
- Project Managers
- Business Continuity Professionals
Methodology
- Case studies of ERM implementations
- Risk assessment workshops
- Risk appetite development exercises
- Scenario analysis simulations
- Dashboard creation activities
- Stakeholder engagement role-plays
- Individual ERM program projects
Personal Impact
- Enhanced risk management expertise
- Improved strategic thinking and analysis
- Stronger decision-making capabilities
- Increased confidence in risk assessment
- Better communication and influence skills
- Professional growth in risk management
Organizational Impact
- Improved risk awareness and management
- Enhanced strategic decision-making
- Better resource allocation and investment
- Increased organizational resilience
- Stronger stakeholder confidence
- Reduced unexpected losses and surprises
Course Outline
ERM Fundamentals
Framework Concepts- Enterprise risk management concepts
- COSO ERM framework components
- Risk management maturity models
- Regulatory and compliance context
- ERM program implementation roadmap
- Governance structure establishment
- Policy and procedure development
- Stakeholder engagement planning
Risk Identification
Risk Categories- Strategic risks identification
- Financial risks assessment
- Operational risks analysis
- Compliance and regulatory risks
- Risk workshops and interviews
- Process mapping and analysis
- Scenario analysis development
- External environment scanning
Risk Assessment
Assessment Methodologies- Risk likelihood and impact assessment
- Risk velocity and persistence evaluation
- Risk correlation analysis
- Emerging risk identification
- Risk appetite statement development
- Risk tolerance level setting
- Key risk indicator development
- Risk capacity assessment
Risk Response
Treatment Strategies- Risk avoidance approaches
- Risk reduction techniques
- Risk sharing and transfer methods
- Risk acceptance criteria
- Preventive control development
- Detective control implementation
- Corrective action planning
- Control effectiveness monitoring
Integration with Strategy
Strategic Alignment- Risk-adjusted strategy development
- Capital allocation considering risk
- Performance management integration
- Decision-making framework enhancement
- Risk-informed business planning
- Budgeting with risk considerations
- Project risk management integration
- M&A and investment risk assessment
Monitoring and Reporting
Monitoring Systems- Risk dashboard development
- Key risk indicator monitoring
- Risk culture assessment
- Control testing and validation
- Executive risk reporting
- Board risk committee reporting
- Regulatory compliance reporting
- Stakeholder communication
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