Course Introduction
Course Introduction
‘In a fast-changing world the only strategy that is guaranteed to fail is not taking risks’ - Mark Zuckerberg Successful organisations are the ones that consider risks and potential problems at all stages of the economic cycle. A co-ordinated Enterprise Risk Management (ERM) programme has been proven to be the key to such success. This exciting Oxford Management Centre training Course will help you to fully embed a risk culture across the whole organization, and develop a coordinated top down approach where every function evaluates its risks on a continuous and consistent basis. It will help you change the focus from risk avoidance to one of value creation and create a fully risk embracing culture.Objectives
Specifically you will learn to:
- Sell the benefits of ERM to senior management
- Benchmark your ERM process against worldwide best practice
- Link the ERM process directly with the strategic plans
- Challenge and overcome the negative views of risk
- Instil a risk culture of ‘what do we need to get right’ rather than ‘ what can go wrong’
- Develop clear risk appetite statements for the Board and each business function
- Appreciate why ERM is not just another project or fad
Who Should Attend?
Who Should Attend?
- Chief Risk Officers
- Risk Managers
- Managers and Directors responsible for the risk management function or process
- Heads of Internal Audit
- Heads of Assurance functions
- Senior Finance Professionals
Course Outline
- Gain a thorough Understanding of the Characteristics of an Advanced ERM Process
- Understand the Techniques to take fully embed your ERM process by the use of Global Risk scenarios
- Develop an ERM Strategic Roadmap
- Learn how to use sophisticated Risk Evaluation Techniques such as Delphi Monte Carlo and Bayesian Network
- Understand how to Identify and Manage Emerging Risks
- Develop meaningful Key Risk Indicators (KRI’s)
- Re-focus the Risk Register to be a simple to follow Record of the Risks (Using a Global Best Practice Model)
- Incorporate inherent, residual and target Risk Assessments for each Risk
- Explicitly Link Risk with Decision Making at all Levels of the Business
- Energise all Levels of Management and Staff to Manage Risks Effectively
Course Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
NASBA
All Training Courses delivered by Oxford Management by default are eligible for CPE Credit.
In association with
KC Academy
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PetroKnowledge
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