Enterprise Risk Management

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Planning and Strategy

Enterprise Risk Management

Program Objectives:
By the end of the program, participants will be able to:

Explain the essentials of Enterprise Risk Management (ERM).
Identify the risks that are derived from people, processes and systems and their impact on operational, environmental and financial elements.
Anticipate problems before they become a threat.
Improve risk-based decision making.
Use lessons learned from the events of the Black Swan.
Link risks with the business planning process.
Identify a range of techniques that can be used to support management in making appropriate decisions.

This program is designed for:

Managers, senior managers, directors, financial controllers, auditors and executives.

This program is worth 25 NASBA CPEs.

Fees in US$:

Per participant $3,800
Frequent nomination $3,420
(including coffee breaks and a buffet lunch daily)

Discount Plans, Refunds & Cancellations Policy

Locations & Dates:

17 - 21 Jun 2012
Dubai, English
The Address Dubai Marina map

25 - 29 Nov 2012
Dubai, English
Crowne Plaza Sheikh Zayed Road map

Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.

One extra free place for every 2 paid nominees

Delivery Type: Group-Live

Pre-requisites: None

Program Outline

Introduction

Risk Perception
Why Should we Care about Risk
The Changing Environment

Enterprise Risk Management (ERM) and its Evolution

Evolution of ERM
Benefits of ERM
The Platform of ERM
Physical Risk
Operational Risk
Financial Risk
Sales Risk
Strategic Risk

ERM Framework

6 categories: Strategic, Reporting, Financial, Life, Compliance and Operations.
8 components: Internal Environment, Objective Setting, Event Identification, Risk Assessment, Risk Response, Control Activities, Information & Communication and Monitoring.

The 6 Categories

Strategic
- Strategic Planning Model (ABCDE)
  - A = Assessment
  - B = Baseline
  - C = Components
  - D = Down to Specifics
  - E = Evaluate
Reporting
- Risk Identification
Financial Risks
Life and Life Safety Risks
Compliance
- Discrimination
- Non-GAAP Compliance
Operations
- Environment (External and Internal)
  - External= Socio-Economic, Regulations, Technology and Competition
  - Internal = Structure, Processes and Culture

The 8 Components

Internal Environment
Objectives Setting
Event Identification
Risk Assessment:
The Black Swan Challenge
Quantitative versus Qualitative Analysis
Risk Response
Control Activities
Information & Communication
Monitoring