The KPMG two-day Enterprise Risk Management training course will provide an overview of what ERM strives to achieve, how it is best designed, and how it can be optimally implemented.
KPMG has had the privilege of working with the boards, executives and risk committees of numerous corporate organisations, as well as public entities and government departments. This has given us valuable insights into what works and what doesn’t work, when it comes to executing ERM.
The two-day course has therefore been designed based on field experience and provides a practical approach to designing and implementing enterprise risk management.
The course is delivered through presentations from experienced field practitioners, who will support their slide material with templates, examples and case studies. There will be ample time for questions and answers.
- The purpose of ERM, its business value, and its positive influence in the organisation.
- What the board needs out of ERM, and the needs of other internal and external stakeholders.
- An exploration of risk management codes and standards, as well as regulatory requirements.
- Risk Governance processes and practices, including:
- risk policies
- roles and responsibilities
- cultural aspects
- Risk Identification and Assessments, including:
- Developing a risk assessment methodology, use of a risk universe, and using risk categories.
- Practical steps for performing risk assessments across the enterprise.
- Measuring Risk: why this is important, and knowing when to use relevant techniques.
- The importance of risk appetite and risk tolerance, and the different approaches to measuring risk
- When to use techniques such as scenario analysis, root cause analysis and solvency assessment.
- Risk Monitoring and Reporting: designing effective and pragmatic reporting processes:
- Use of key risk indicators, dashboards and other indicators of risk
- Essential content for risk reports to board committees and executive teams.
- Optimising risk responses and improving risk mitigations:
- Processes and action plans for improving risk mitigations.
- Specific initiatives such as business continuity, crisis management, and project risk.
- How to address ERM’s interaction with risk-linked departments.
To find out more about our risk management training programmes, click here...