Project Description

ADVANCED ENTERPRISE RISK MANAGEMENT

The turmoil in the world is continuing – with increasing public unrest fluctuating oil prices, natural disasters of a scale thought unimaginable, volatile stock markets and world economic uncertainty. In this time of global uncertainty how do you steer a course through these difficult waters? Thankfully, many organisations have realised that an Enterprise Risk Management (ERM) approach was needed. This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business. However, stopping here is like driving a plane on a highway – it might go faster than the cars, but it has not reached its full potential. Advanced ERM goes one step further. Risks are evaluated based on business materiality. A new understanding of the risks then emerges, and efficient controls can be implemented to tackle what really matters to the business. In short, the focus becomes strategic value creation instead of risk avoidance.

  • Implement appropriate and varied techniques for the identification and assessment of risks.

  • Generate measurable value by aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations.

  • Engage the Board in the analysis of enterprise risk scenarios.

  • Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection.

  • Clarify Enterprise Risk Management (ERM) accountabilities of all employees from executives to the front line.

  • Implement Key Risk Indicators (KRI’s) for each line of business.

  • Enhance achievement of corporate objectives by linking performance targets, and risk management actions

TRAINING METHODOLOGY

This is an advanced level training course and delegates should have previous experience in the risk arena. Delegates should have a good educational standard and/or a professional qualification but no advance preparation is required. The delivery method will Group-live – with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter. A short examination will be given at the end of the workshop.

Venue: ONLINE Teams/Zoom

Dates: 6th to 10th November 2023

Venue: Modena Rivonia Johannesburg

Dates: 13th to 17th November 2023

Fee per delegate: R 17,495.00 + Vat