ERM PROFESSIONAL

ERM PROFESSIONAL

Teachers
Kefa Nyakundi
Category:
Governance Risk and Compliance / In-Situ Course / Open Professional Development /
$1,250.00

$1,250.00

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Duration: 5 days
Certificate of Participation from Africa Risk Management Advisors

Introduction

Organizations of all types and sizes face internal and external factors and influences that make it uncertain whether and when they will achieve their objectives. The effect this uncertainty has on an organization’s objectives is “risk”.

All activities of an organization involve risk. Organizations manage risk by identifying it, analyzing it and then evaluating whether the risk should be treated in order for the organization to achieve its stated objectives. Throughout this process, they communicate and consult with stakeholders and monitor and review the risk and the controls that are modifying the risk in order to ensure that no further risk treatment is required.

About Course

This ERM Professional Course by Africa Risk Management Advisors (ARMA) has been carefully designed to help managers and executives deepen their knowledge and skills in Enterprise Risk Management (ERM) concepts, processes, tools and frameworks. The program enables management and executives to adopt a holistic view of risk exposure and improve the alignment between strategy, risk and performance of an organization.

The program uniquely offers a compelling 3-in-1 value proposition:

  • Build ERM competencies to make strategic decisions and optimize the risk/return trade-offs to achieve sustainable growth.
  • Provide a pathway to earn the only globally recognized and accredited RIMS-Certified Risk Management Professional (RIMS-CRMP) certification by RIMS (The Risk and Insurance Management Society)
  • Gain access to the prestigious global networks of ARMA Alumni and RIMS.

Why you should attend

  • UNDERSTAND how to improve profits and performance through better alignment of strategy, risks and returns.
  • GAIN A HOLISTIC VIEW of the full spectrum of risks throughout your organization, and manage risks more effectively as an interrelated portfolio rather than as individual “silos”.
  • IDENTIFY, ASSESS AND ADDRESS RISKS AND OPPORTUNITIES in a proactive manner, thus protecting and maximizing value for the
  • INTEGRATE ERM INTO STRATEGY-SETTING AND DAY-TO-DAY OPERATIONS for long-term growth and sustainability.

 

  • LEARN from various case studies on the impact of poor Risk Management
  • NETWORK with other Risk Management professionals in a fun environment and benchmark your Risk Management knowledge with your peers
  • GAIN KNOWLEDGE that’s useful for you to sit for the RIMS-CRMP
  • Accumulate CPD Points for your ongoing professional development.

Delivery

  • The entire training is designed as an adult-learning workshop with short lectures, case studies, group work and presentations, and sharing of experiences.
  • Participants will be given notes as well as the powerpoint presentation used by the facilitator. The course will include videos and case studies.

Target Audience

Designed for busy managers and executives, this programme benefits a wide range of professionals working in diverse industries. It is suitable for the following:

  • CEOs
  • Board Directors
  • Risk Management Professionals
  • Managers in Business Continuity Planning
  • Corporate Banking Professionals
  • Internal Auditors and Accountants
  • Legal Professionals
  • Leaders of SMEs
  • Executives who desire to grow their knowledge in ERM to enhance their professional value
  • Entrepreneurs
  • Risk Managers and Analysts
  • Functional Heads
  • Internal and external auditors
  • Compliance personnel
  • Regulatory and supervisory professionals
  • Business Managers
  • Consultants interested in Enterprise Risk Management
  • Managers and executives interested in achieving the prestigious RIMS-CRMP certification

Course Curriculum

The contents of this program were developed in close consultation with prominent risk management practitioners and aligned with the examination domains of RIMS-CRMP. The programme therefore combines the best knowledge, management tools and risk management frameworks to provide the best value to the participants.

This programme addresses five domains that a typical risk manager should understand about their enterprise:

  • Day 1: Analyzing the Business/operating Model

Participants will, inter alia,

  1. Appreciate business/operating models, strategies and value chains as a precursor to objective setting and risk identification.
  2. Understand internal and external (competitive) landscapes in order to achieve a risk-adjusted performance
  3. Consolidate information by compiling, organizing, synthesizing, and prioritizing based on relevance to specific organizational objectives, threats and opportunities.
  4. Analyze operations by validating and comparing actual operations with the intended business/operating model and strategy.
  5. Conduct benchmarks, such as with peers or industry partners.
  6. Describe and understand an organization’s value chain to recognize which activities are the most valuable.
  7. Identify organizational uncertainties utilizing various techniques and methods.
  8. Develop an ERM Gap Analysis and Maturity rating.
  9. Build a business case for Risk Management.
  • Day 2: Designing Organizational Risk Strategies

Risk Strategies must be designed to fit the strategic objectives of the business. Participants will, inter alia:

  1. Learn to define organizational risk competency capabilities.
  2. Define success measures that align risk strategy with organizational performance.
  3. Design risk governance arrangements clearly defining roles and responsibilities.
  4. Design a risk strategy implementation plan.
  5. Develop risk communication strategies.
  6. Obtain organizational support for risk strategy.
  7. Explain the qualities and characteristics of information required in risk management and how they are organized, prioritized and communicated.
  8. Apply a holistic risk management approach, integrated throughout the enterprise.
  9. Understand the Key issues the Board needs to know about Risk
  • Day 3: Implementing the Risk Process:

Participants will, inter alia:

  1. Understand the application of ERM as a tool to identify, analyze, evaluate and monitor risk situations as well as to design a roadmap for ERM implementation.
  2. Appreciate ERM as a management process that focuses on risk/return dynamics.
  3. Describe business processes (BP) and identify internal and external sources of information that could potentially affect the achievement of an organization’s BP objectives.
  4. Review the Risk Management processes per various Risk Management Standards
  5. Implement the combined assurance model.
  • Day 4: Developing Organizational Risk Competency

Participants will, inter alia

  1. Develop an understanding of the essential content of an effective risk management training programme for stakeholders.
  2. Deliver risk management training.
  3. Engage an organization’s risk network.
  4. Coach an organization on the risk process and techniques.
  5. Continuously improve the risk management process.
  6. Integrate risk management strategy-setting into day-to-day operations.
  • Day 5: Supporting Decision Making

Participants will, inver alia

  1. Learn how to Influence risk-based decision making.
  2. Learn how to Facilitate risk discussions.
  3. Understand disruption and prepare the organization to deal with disruptions.
  4. Establish the right culture and mind-set that mitigates Risk and maximizes return.
  5. Adapt risk management strategy to different risk profiles and strategic objectives.
  6. Develop a comprehensive Enterprise Risk Management Readiness Guide.

These domains may be viewed as sequential where competencies in one domain are needed to demonstrate competencies in the next domain. For example, you could say that you “Analyze the business/operating model” so that you can “Design organizational risk strategies” so that you can “Implement the risk process” so that you can “Develop organizational risk competency” so that you can also” Support decision making” throughout the organization.

About the RIMS-CRMP Certification

As the pre-eminent organization dedicated to advancing the practice of risk management, RIMS is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries.

The RIMS-Certified Risk Management Professional (RIMS-CRMP) is a credential that demonstrates your achievement of risk management competencies, knowledge and commitment to quality. Add RIMS-CRMP to your professional profile to show you can successfully manage risk and create value for your organization.

The RIMS-CRMP certification holds official accreditation from the American National Standards Institute (ANSI) under ISO/IEC 17024:2012. This makes RIMS-CRMP the only risk management certification in the world to hold accredited status.

For more information on RIMS-CRMP certification, please visit www.rims.org/certification.

About Instructors

Kefa Nyakundi

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