Enterprise Risk Management
Developed in collaboration with Deloitte
Business today is characterised by change and presents challenges to anyone attempting to lead and manage an enterprise. What was once a stable and predictable environment is today a global arena with new competitors, changing technology and shifting markets and fluctuating monetary conditions.
Welcome to the VUCA world: A Volatile, Uncertain, Complex, and Ambiguous world.
By understanding proactive integrated risk management strategies, participants can play a pivotal role in safeguarding organisational assets, optimising resource allocation, and driving sustainable long-term growth and profitability.
- Course Duration: 2 days, 9am - 5pm daily
- Course Fee: SGD$1,600 (Subject to GST)
- Fulfils CPE/CPD requirements
- Earn a Certificate co-issued by Deloitte and LSBF Executive Education
- Highly interactive sessions combining Lectures, Discussions, Group Exercises, Presentations, Case Studies, Brief Subject Matter Videos
Choose Your Level
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Executives/Managers
This Module is designed to equip Managers with practical, hands-on methodologies to address Risk Management issues across the organisation.Expand -
Senior Leaders
This Module is designed to equip Leaders with a Strategic Framework to embed Risk Management across the organisation.Expand
Learning Outcomes
- Understand key Enterprise Risk Management (ERM) principles and their application within the COSO framework, focusing on risk assessment, mitigation, and strategic alignment.
- Develop practical skills in identifying, analysing, and managing organisational risks, integrating emerging trends and compliance considerations.
- Gain leadership insights for effective risk navigation, fostering risk culture, risk attitude, risk appetite and ethics.
- Learn Techniques and Tools to better Assess, Manage and Mitigate Risk across Departments, Functions and Divisions
- Apply the Risk Management tools and techniques at addressing real world issues at work
- Develop an insight into the Financial Impact of Risk Events
Course Details
Day 1
- Strategic Agility: Transforming Risk into Competitive Advantage with Proactive Integration
- ERM and Governance Fundamentals: Building a Strong Foundation in People, Processes and Systems
- Enterprise Risk Management Concepts, Tools and Techniques
- Best-fit Practices in Risk Identification, Assessment and Response
- Enhancing ERM and Governance: Getting the Balance Right
- Real World Case Studies and Movie Screenings: Environment and Risk Culture Assessment
- The Art of Risk Appetite: Concepts, Tools and Techniques
- The Risk Attitude Spectrum: Introducing the RARA Model
- Strengthening Controls and Continuous Monitoring
Day 2
- Risk Management: Practical Tools
- Risk Control Self Assessments
- Unit Control Checklists
- Risk Controls & Testing
- Risk Reporting
- Operational Risk Management (ORM)
- The ORM Risk Spectrum
- Key Risk Indicators in ORM
- Assessing Financial Losses from Operational Losses
- Forecasting Future Probable Losses
- Corrective Action Plans
Learning Outcomes
- Understand key Enterprise Risk Management (ERM) principles and their application within the COSO framework, focusing on risk assessment, mitigation, strategic alignment, and how to overcome limitations and implementation issues.
- Develop practical skills in identifying, analysing, and managing organisational risks, integrating emerging trends and compliance considerations.
- Gain leadership insights for effective risk navigation, fostering risk culture, risk attitude, risk appetite, ethics, and advancing ERM strategically in the age of emerging technologies (GenAI, Blockchain, etc) and sustainability (ESG).
- Develop Frameworks to better Assess, Manage and Mitigate Risk across Departments, Functions and Divisions
- Design Risk Measurement, Management and Reporting frameworks best suited to the Organization
- Develop an insight into the Financial Impact of Risk Events
- Learn about major Risk Events that shook the world – from Financial Services, Manufacturing and other industries—and how we can safe-guard ourselves from such events
Course Details
Day 1
- Risk Management in the Age of Emerging Technologies (GenAI, Blockchain, etc) and Sustainability (ESG)
- Why Cyber Risk Management is Important – 6 Pictures in 18 Minutes
- Emerging Risks: Generative AI in Risk Management
- Emerging Risks: Climate-Related Risks – Key Considerations
- Emerging Risk Landscape: ERM in the Global Game of Change
- Making Sense of Risk in an Interconnected World
- Systems Thinking Considerations and Unintended Consequences
- Inter-relationships and the Holistic View: Overcoming Limitations and Implementation Issues
- Top Ten Reasons Why Controls Fail?
Day 2
- Risk Management Strategy
- Designing the Optimal Organization Structure
- Embedding Risk Management as part of Business as Usual (BAU) and Future Strategy
- Risk Management Implementation
- Develop a Risk Management Implementation Architecture
- Scope out Key Risk Management Issues
- Identify Risk Management Champions
- Formulating Cross Functional Process Improvement (CFPI) Teams to address Issues
- Train everyone on SAME methodology / framework
- Develop Common, Shared, Understanding of Risk
- Problem Resolution
- Financial Business Case
- Achieve Quick Wins / Early Milestones
- Change Management Required
- Rewards and Recognition for Risk Professionals
- Cross-firm communication
- Celebration of Success
- Develop a Risk Management Implementation Architecture
- Major Headline Risk Events
- Analysis and Discussion
- Lessons Learnt
Contact Us
Contact us at 65807593 or edo@lsbf.edu.sg.