Concepts of ERM

Risk Management Development Programmes

Concepts of Enterprise Risk Management (ERM) – to understand the objective of an enterprise, the types of risks impacting the enterprise, and establish a link between the two. This will also include concepts of risks and effective controls to mitigate risks.

ERM workshop

Course Overview:

  1. Understanding ‘Enterprise Risk Management (“ERM”)’
  • Understanding the need to manage ‘risks’
  • Interpreting the definition of ERM
  • Need for ERM
  • Evolving approach to ERM
  • Principles and value proposition of ERM
  1. Approach to developing a robust ERM framework
  • Applicability of COSO framework
  • Key phases in the development of ERM framework
  • ERM infrastructure
  • Stages of evolution of ERM
  1. How to Identify risks ?
  • Linking risks to organizational objectives
  • Risk classification – Strategic, Operational, Regulatory, Financial
  • Tools for Risk identifications
  • Developing a risk library
  • Risk apetitte vs Risk tolerance
  • Developing a Risk scale
  1. How to assess ‘risks’ ?
  • Measures of Risk assessment – Impact, Likelihood, 5 Why’s
  • Effective tools for Risk assessment
  • Developing Risk maps/ dashboards
  • Developing and using a Risk assessment questionnaire
  • Adopting a ‘portfolio’ view to risks
  1. How to address the identified and assessed risks ?
  • Risk response options – Tolerate/ Transfer/ Treat/ Terminate
  • Factors to consider in adopting Risk responses
  • Developing a ‘Risk mitigation action plan’
  • Movement of risk from ‘inherent’ to ‘residual’ levels : a resultant of management controls
  1. How to communicate and monitor risks ?
  • Protocols for flow of communications
  • Roles of ERM stakeholders – Process owners, Risk champions, Risk committee, ERM partner
  • Risk reporting – What, How, Whom, When ????
  • Risk reporting tools & illustrations
  • Practical issues and challenges in ERM implementation
  • Roadmap to successful ERM implementation

ERM Workshop

ERM Workshop

13th & 14th April 2017

GRMI – Gurgaon Campus

Faculty

Prof. Madhu Vij

Professor of Finance at the Faculty of Management Studies, University of Delhi Prof. Madhu Vij has been teaching for over three decades at the Faculty of Management Studies. Her professional and teaching interests include the areas of International Finance, Risk Management, Banking and Financial Services, Corporate Finance and Accounting.
More

Subhashis Nath

Subhashis is a Senior Global Partner and Executive Director at Axis Risk Consulting Services Pvt Ltd, a Genpact company. He was the founder partner of Axis Risk Consulting in September, 2004. Prior to Axis, he spent nearly 2 years with the Global Center of Excellence of Ernst & Young, and about 9 years with Arthur Andersen. He was part of the core team that built Risk Consulting practice of Arthur Andersen in India. Subhashis has been focusing on Enterprise Risk & Compliance for the last 20+ years and brings deep domain knowledge around specific solutions, such as Anti Corruption, ERM, Third Party Risk Management, Internal Audit & SOX. He has experience in building Centers of Excellence for global majors, along with implementing hybrid delivery model, combining on-shore and off-shore solution delivery.
More

Payment Options:

  1. Demand Draft – payable at New Delhi or a Pan India cheque payable at par drawn in favor of ‘Risk Educators Pvt. Ltd.’
  2. Electronic Fund Transfer – ECS in Indian Rupees. For credit to Current A/c No.7411484818 Risk Educators Pvt. Ltd., New Delhi with Kotak Bank, (IFSC Code : KKBK0000172)

Group Discount: Any organization sponsoring 3 or more participants to a programme will be entitled to a discount of 10% on the total fee payable provided the participants actually attend the programme.

Early Registration discount – Nominations received with payments on or before 15 days to the start of the programme, will be entitled to an early bird discount of 10%. Early submission of fee and nomination does not, however, guarantee acceptance of application.

Organizations can avail themselves of both the discounts subject to a maximum overall discount of 15%.

Cancellation – The programme fee should be received at the RMDP office before the programme commencement date. In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme. If a nomination is not accepted, the fee will be refunded to the person / organization concerned.