Risk Governance: Managing Enterprise Risk in a Complex World

Duration: 7 Days
Target Audience: Senior executives, risk managers, board members, and governance professionals
Certificate: Certificate of Completion in Enterprise Risk Governance
Format: Hybrid (Online/In-Person)

Day 1: Introduction to Enterprise Risk Management (ERM) and Risk Governance

• Objective: Understand the foundations of enterprise risk management (ERM) and the role of governance in risk oversight.

Topics:

• Key Concepts of Enterprise Risk Management (ERM)

• The Role of the Board and Leadership in Risk Governance

• Types of Risks: Strategic, Operational, Financial, Compliance, and Reputational

• Interactive Session: Identifying and categorizing risks within participants’ organizations

Learning Activities:

• Lecture: Introduction to ERM frameworks and principles

• Case Study: Examining ERM implementation in global organizations

• Workshop: Participants assess their organization’s risk categories and prioritize them

Day 2: Risk Identification and Assessment

• Objective: Equip participants with techniques to identify and assess risks in complex organizational environments.

Topics:

• Techniques for Identifying Risks: Surveys, Risk Workshops, and SWOT Analysis

• Risk Assessment Frameworks: Qualitative and Quantitative Approaches

• Risk Appetite and Tolerance: Defining Limits for Risk Exposure

• Interactive Session: Conducting a risk assessment for an organizational scenario

Learning Activities:

• Lecture: Common tools for risk identification and assessment

• Case Study: Organizations that successfully implemented risk assessment frameworks

• Group Work: Participants conduct a risk assessment using a scenario-based approach

Day 3: Risk Mitigation and Control Strategies

• Objective: Explore strategies for mitigating risks, including control mechanisms and risk response planning.

Topics:

• Risk Mitigation Strategies: Avoidance, Reduction, Transfer, and Acceptance

• Internal Controls and Safeguards for Effective Risk Management

• Developing a Risk Response Plan

• Interactive Session: Designing a risk mitigation plan for a high-priority risk

Learning Activities:

• Lecture: Overview of risk mitigation approaches and internal control best practices

• Case Study: Examples of successful risk mitigation strategies in different industries

• Workshop: Participants develop a risk mitigation plan for a critical risk in their own organizations

Day 4: Monitoring, Reporting, and Communicating Risks

• Objective: Learn how to set up effective risk monitoring, reporting, and communication channels to maintain risk oversight.

Topics:

• Key Risk Indicators (KRIs) and Risk Monitoring Techniques

• Risk Reporting to the Board and Stakeholders

• Effective Communication of Risk Information Across the Organization

• Interactive Session: Designing a risk reporting and communication plan

Learning Activities:

• Lecture: Best practices in risk monitoring and reporting

• Case Study: Companies with exemplary risk reporting and monitoring practices

• Group Exercise: Participants create a communication plan to inform stakeholders of risks and responses

Day 5: Crisis Management and Business Continuity Planning

• Objective: Equip participants with the tools to handle crises and ensure business continuity in the face of unforeseen risks.

Topics:

• Crisis Management: Preparing for and Managing Unexpected Events

• Business Continuity Planning (BCP): Key Components and Steps

• Building Resilience in Organizational Operations

• Interactive Session: Developing a crisis response plan

Learning Activities:

• Lecture: Steps for creating effective crisis management and business continuity plans

• Case Study: Examples of organizations that successfully managed crises

• Workshop: Participants design a crisis management and continuity plan for their organization

Day 6: Ethical and Reputational Risk Management

• Objective: Understand how to manage reputational and ethical risks, including regulatory compliance and corporate social responsibility.

Topics:

• Managing Reputational Risk and Building Trust

• Ethical Decision-Making in Risk Management

• Regulatory Compliance and Corporate Social Responsibility (CSR)

• Interactive Session: Creating an ethical risk management framework

Learning Activities:

• Lecture: The impact of ethical and reputational risks on organizations

• Case Study: Organizations that successfully navigated reputational challenges

• Group Exercise: Participants design a framework to manage reputational and ethical risks

Day 7: Capstone Project: Developing an Enterprise Risk Governance Framework

• Objective: Integrate course learnings by developing a comprehensive risk governance framework tailored to participants’ organizations.

Topics:

• Integrating ERM with Organizational Strategy

• Presenting Risk Governance Frameworks

• Peer Review and Feedback

• Key Takeaways and Certificate Ceremony

Learning Activities:

• Capstone Project: Participants present a complete risk governance framework

• Peer Review: Teams provide feedback on each other’s projects

• Certificate Ceremony: Award certificates of completion

Key Features of the Course:

• Expert Faculty: Taught by risk management experts, compliance officers, and senior executives experienced in ERM.

• Hands-On Learning: Includes case studies, workshops, and interactive sessions tailored to real-world risk governance.

• Capstone Project: Participants develop an actionable risk governance framework for their organization.

• Certification: Recognized certificate of completion in enterprise risk governance, signifying expertise in managing risks.

Outcome:

Participants will leave with a robust understanding of how to identify, assess, mitigate, and communicate risks in complex organizational contexts, and with the skills to design a resilient risk governance framework for their organizations.