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2012
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Home Programs Strategy and Planning Enterprise Risk Management
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
Register
25 - 29 Nov 2012
Dubai, English
Register
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