COSO Enterprise Risk Management Framework

Trainings

COSO Enterprise Risk Management Framework

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Course Overview

  • Risk Management
  • 3 Days
  • EGP 2000
  • Intermediate

This three-day, advanced course will give participants a detailed overview of the role and intersections of Enterprise Risk Management for organizations in today’s rapidly evolving business environment.

Enterprise Risk Management is the culture, capabilities, and practices, integrated with strategy-setting and its performance, that organizations rely on to manage risk in creating, preserving, and realizing value.

Risk Management

KEY TAKEAWAYS

Understand the main objectives and concepts of Enterprise Risk Management.
Defines Enterprise Risk Management as a process.
Recognizes that Enterprise Risk Management is affected by people.
Provides reasonable assurance.
Considers the big (entity) and little (activity) pictures.
Identifies root causes.
Risk Management Framework

TRAINING METHODOLGY

Professional facilitators carry out our training with well-developed group and classroom management skills in a noncritical environment, which encourages individuals to practice skills that are being taught. We do not sit individuals down and talk through a stack of PowerPoint slides; we engage them and discuss core ideas and concepts to bring their ideas and energy out, cementing the regulatory and commercial principles we are promoting in their mind. We do not focus on an unattainable set of KPIs, but rather achievable principles that can be readily utilized, adapted, and developed in an everyday working environment.

Discussion points and simulations, aligned with a structured training plan and real-life scenarios, allow individuals to develop the skills necessary for success. Handbooks will be used, but individuals are encouraged to make use of the sessions to take their own notes, practicing the vital audio, visual and kinesthetic skills which are vital in their role, learning how to process and store information which the will later be required to recall.

WHO SHOULD ATTEND?
Risk Professionals
Internal Control Officers
Compliance Officers
Internal Auditors
Financial Controllers
Governance Officers
Senior Managers
Chief Officers
Directors & Board Members
Audit Committee Members
COSO Enterprise Risk Management Framework

COURSE CONTENT

- Risk and Enterprise Risk Management
- Strategy, Business Objectives, and Performance
- Integrating Enterprise Risk Management
- Components and Principles of Enterprise Risk Management
- Exercises Board Risk Oversight
- Establishes Operating Structures
- Defines Desired Culture
- Demonstrates Commitment to Core Values
- Attracts, Develops, and Retains Capable Individuals
- Analyzes Business Context.
- Defines Risk Appetite.
- Evaluates Alternative Strategies.
- Formulates Business Objectives.
- Identifies Risk.
- Assesses Severity of Risk.
- Prioritizes Risks.
- Implements Risk Responses.
Develops Portfolio View.
- Assesses Substantial Change
- Reviews Risk and Performance
- Pursues Improvement in Enterprise Risk Management
- Leverages Information Systems
- Communicates Risk Information
- Reports on Risk, Culture, and Performance
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