Advanced Enterprise Risk Management

About:

The turmoil in the world is intense– with unimaginable impact leading to increasing public unrest, volatile stock markets, natural disasters of a scale thought unimaginable, and world economic uncertainty.

In this time of global uncertainty how do you steer a course through these difficult waters? The answer is to recognise the only real link between all these events – RISK – and then to try to anticipate, manage and then deal with these at an enterprise level.

Most organisations have now realised that much more is needed and have developed an Enterprise Risk management (ERM) approach. This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business.

Advanced ERM goes one step further. Risks are scored based on business materiality with each risk being evaluated and compared by it’s financial, legal, reputational, and regulatory impact, and classified by the effect they could have on the business.

New understandings of risk emerge, and efficient controls can be implemented to tackle what really matters to the business. And drive competitive advantage. In short the focus becomes strategic risk management.

Trainer Profile:

Phil Griffiths is CEO of Business Risk Management Ltd

A Chartered Accountant, he has over 35 years’ experience in Risk Management, Corporate Governance, Internal Audit and Fraud Prevention as practitioner, consultant, professional adviser, facilitator and trainer.

Phil has a highly successful track record in identifying and implementing business improvement opportunities, and a reputation for driving change in fast moving businesses.

He has helped develop the risk management process for hundreds of clients, tailored to meet their specific requirements such as development of risk strategies, and implementation of the Enterprise Risk Management process

He has extensive international experience having trained professionals from over 2500 organisations across the world during the past 20 years

Phil is an accomplished author. His books ‘Enterprise Risk Management – The Key to Business Success’ and ‘Risk Based Auditing’ are both internationally recognised

He is known as an accomplished and charismatic facilitator, trainer and lecturer and is in continual demand to speak at the most prestigious events on Risk Management, Corporate Governance, Internal Audit and Fraud.

Who Should Attend?

This training is essential for professionals from leading pharma manufacturing companies, including:

Chief Risk officers

Risk managers

Compliance managers

Health and safety managers

Heads of Internal Audit

Internal Audit managers

Heads of other Assurance functions

Managers and Directors responsible for overseeing the risk

Management and Governance process

Course Level:

• This is an advanced level course and delegates should have 3 years’ experience in a management or assurance role
• No advance preparation is required
• Delivery method – On-line interactive (with exercises and case studies to provide practical application of the tools and techniques

This is an advanced level course and delegates should have 3 years’ experience in a management or assurance role

No advance preparation is required

Delivery method – On-line interactive (with exercises and case studies to provide practical application of the tools and techniques

‍After completing this course you will be able to:

• Generate measurable value by aligning the ERM framework with corporate performance expectations
• Engage senior management in the analysis of enterprise risk scenarios
• Implement a wide range of risk evaluation techniques such as Monte Carlo Analysis, Bayesian networks and Root cause analysis
• Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection
• Clarify ERM accountabilities from executives to the front line
• Enhance achievement of corporate objectives by linking performance targets, and risk management actions
• Define risk appetite for each key business activity
• Implement key risk indicators (KRI’s) for each line of business
• Identify emerging risks with confidence
  

Training Schedule (23rd & 24th September, 2024)

‍14.00 - 18.00 UK TIME

15.00 - 19.00 CET

09.00 - 13.00 NEW YORK TIME

Additional Features:

• Online participants zone – a single source for all training materials as well as pre and post training communications
• Access to the recorded sessions for 7 days

Agenda

DAY 1  |  23 SEPTEMBER, 2024 (UK Time)

Taking Enterprise Risk Management to the next level‍

Title: Characteristics of an advanced ERM process

• Board-level commitment to ERM as a critical decision framework
• A dedicated risk executive in a senior level position to drive the process
• An ERM culture that encourages full engagement and accountability at all levels of the organization
• Engagement of stakeholders in risk management strategy development and policy setting
• Integration of financial and operational risk information into decision making

Exercise 1 – The challenges involved

Keeping your eye on the big prize

ERM spans all lines of business and is governed at the enterprise level‍

 Coffee Break

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