ENTERPRISE RISK MANAGEMENT TRAINING

Live-Online Training: N166,625
Classroom Training: N 247,250
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee)

Programme Description

For every business to sustain its success, managing risk attentively is critical for survival and continuity. Risk is a fact of business life. Risk cannot be avoided altogether, but it can be kept under control. e can mitigate it and we can prepare for it in case it is around the corner.

This course is about how senior level employees can address the business risk issues, anticipate and deal with risks at a comprehensive level for business continuity.

Five Major Outcomes to Observe Subsequent to ERM Training

1. Full appreciation of the importance of a Risk Management Strategy for the sustainability of the business.
2. Knowledge of how to prevent risks and investigate risks when the business faces major hazards.
3. Become highly skilled in Risk Documentation.
4. Review process of own work habits.
5. Senor employees taking more comprehensive view of own career paths.

Five Business Outcomes

1. Senior staff’s full involvement in Strong Risk Control Systems.
2. Potential Risks detection and prevention.
3. Simple initiatives in processes and behavioural practices that enhance business continuity.
4. The interest of employees get aligned with the broader interests of the business.
5. Powerful efficiencies are created that will affect productivity very highly.

 Course Contents

DAY ONE

Business Risk Profiling

• Government-triggered risk circumstances
• Technology-triggered risk circumstances
• Customer-triggered risk circumstances

Risk Definition

• Operational risks
• Financial risks
• Compliance risks
• Market risks
• Reputation risks

Risk management objectives

• Avoiding losses
• Taking appropriate risks for appropriate returns
• Reducing business volatility

Risk management framework

• Risk management strategy that aligns with business strategy
• Risk assessment process
• Information monitoring.

3R – Risk Response Readiness

• Awareness
• Competence
• Training.

DAY TWO

Risk Management System (ISO Processes)

      -General requirements

      -Risk management planning

      -Documentation requirements

      -Risk records and their control

      -Responsibility, authority and communication process

      -Risk review processes

• Risk Management Infrastructure
• Work Environment for Risk Assurance
• Stakeholders Focus

 DAY THREE

• Risk Auditing and Internal Control Processes
• Loss Events Analysis & Management
• Risk Data Gathering & Management
• Corporate Governance & Integrity of Financial Statements
• Risk Audit Procedure
• Planning the audit
• Conducting the audit
• Reporting – gap analysis
• Insurance Coverage & Assets Integrity
• Risk Reviews
• Inputs
• Outputs
• Verification
• Validation
• Preventive actions
• Corrective actions
• Actuaries – Insuring Risks.

DAY FOUR

• Corporate governance responsibilities.
• Code of Business Conduct as a part of employee contract of employment:
• Conflicts of interest
• Bribery
• Fraud
• Confidentiality
• Use of company resources
• Interpersonal relationship
• Contingent Liabilities