Introduction to Enterprise Risk Management/ 20-May-2019 - 24-May-2019

Introduction to Enterprise Risk Management

Bankers Committee members pay N 168,490.00 only

Background

As institutions seek to create value, they are faced with significant risks. AThese risks if not well managed can adversely impact effective service delivery, continued profitability, and corporate sustainability. In the Nigerian Financial Services industry, inability to effectively manage these risks in a holistic and proactive manner rather than in silos, has resulted in the liquidation of some institutions. Therefore, this course seeks to enable participants develop a process to continuously identify a risk and risk-event universe; create a risk profile that includes a defined risk tolerance, quantification and prioritization of risk events and identification of current controls; establish risk responses that include accepting, sharing reducing or avoiding risks and implementing controls and procedures; and monitor/report process that includes creation of key risk indicators (KRIs).

Target Participants

Executives with responsibility for supervising and controlling the risks of their organizations, as well as staff of regulators who supervise these functions. Those being prepared for these roles in the near term will also find the programme useful.

Objectives

At the end of the course, participants should be able to:

  • Recall risk management practices in their organisations within the context of
  • global best practice
  • Outline the various risk groups to which an organisation is exposed
  • Explain an effective risk management framework
  • Illustrate appropriate risk mitigants for their organisation

Contents

Overview and Definition of Risk and Risk Management
- Definition of Risk and Risk Management
- Impact of risk on every organisation
- Recall the different kinds of risk
- The role and importance of risk management in every organisation

Risk Management Standards
- Recall the different ERM standards and frameworks e.g. ISO 31000, ANZ ERM & CAS

Enterprise Risk Management
- Overview and Definition of ERM
- Review key features of an enterprise-wide approach to managing risk
- Identify the four stages of the ERM implementation process
- Establish the context for risk management

The Business Environment
- The business environment and risk management
- Relationship between organisation vision and risk management

Risk Culture, Appetite and Tolerance
- Determine organisational risk universe, appetite and tolerance

Compare the various approaches such as:
- the Committee Of Sponsoring Organisation (COSO),
- Risk appetite and tolerance setting

Risk Identification Process
- Creating a systemic process
- Document the risk
- Risk analysis
- Risk likelihood and impact
- Risk evaluation and risk appetite
- Loss control
- Defining the upside of risk

Risk Response and Risk Treatment
- Introduction to risk treatment and risk response
- The 4 T's (Tolerance, Treat, Transfer and Terminate)
- Risk control techniques
- Risk Monitoring and review

The Link between ERM and Strategy
- Defining risk profile
- Steps to establishing your corporate risk profile
- Risk architecture, strategy and protocols
- Importance of risk management in developing organisational strategy, formulating business plans and managing performance and rewards

Embedding Risk Management into the Corporate Culture
- Integrate the components of Governance, Risk and Compliance (GRC)
- Identify the roles and responsibilities of key GRC personnel
- Defining GRC oversight roles
- Creating an accountability structure

Enterprise Risk Monitoring and Reporting
- Risk monitoring and reporting framework in your organisation
- Designing Key Risk Indicators (KRIs)

Overcoming ERM Implementation Challenges
- Steps to doing ERM right
- Overcoming ERM Implementation Challenges
- Flaws in governance & management
- IT & Infrastructural flaws

Trends and Issues in Risk Management
- Designing Key Risk Indicators (KRIs)
- Prelude to the Crises in the Nigerian Banking Sector
- Intervention by the Central Bank of Nigeria
- Enhancement of Operations and Quality of Banks in Nigeria
- Prudential Guidelines Framework
 


For more information: call Chris: 0808 471 6114 or Email: cadigwe@fitc-ng.com

Register Now

If you would like to attend this training programme, please fill the form below and we will contact you as soon as possible. You can also pay for courses online.




Our learning sessions are unique in 4 ways

  1. Programme design & delivery recognize the needs of adult learners in career
  2. Experience sharing by practitioners, with well over two decases of experience in areas relevant to course topic, whom we call "Programme Directors"
  3. Course delivery by practitioners based on conceptual research background
  4. The essence of our corproate brand and orientation within concept implementation thinking

The fees cover tuition, course materials, group lunch, tea/coffee and snacks but EXCLUDE accommodation.
Dress Code: Formal

Discount on Fees

3 participants 5% Discount
4 participants & Above 7.5% Discount


Payment of Fees

Payment of fees should be in cash or CERTIFIED CHEQUE/BANK DRAFT made payable to the FITC before the commencement date or on arrival at the venue.

Refund of Fees

Fees paid for participants who do not turn up eventually would be refunded, subject to deduction of 25% administrative cost.

Methodology

Formal lectures, case studies, participative group exercises and experience sharing.

Administration

The programme commences at 10.00a.m. on Monday, 9.00a.m other days and ends at 4.00p.m. daily.

In-plant Option

Do you intend to train more than 20 participants? Are you considering an in-plant option?
Please call us ☎


International Participants

International participants should please inform FITC of their attendance ahead of the programme, to enable us prepare airport pick-up for them.

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