Certificate in Fundamentals of Enterprise Risk Management

Day 1

Chapter 1 – ERM Fundamentals

• What is Risk?
• Types of risks and consequence of unmanaged risks
• ERM Definition and Objectives
• Benefits of Effective ERM Practices

Chapter 2 – External Risk Management Framework

• COSO Framework
• ISO 31000 Standards
• S&P ERM Framework
• MAS Risk Management Guidelines
• Changing roles of regulators

Chapter 3 – Corporate Governance

• Definition of Governance
• Singapore Corporate Governance Guidelines
• Governance Committee Structure
• Key Functions and Controls

Chapter 4 – ERM Framework

• Three lines of defence model
• Risk Culture and development
• Risk Appetite, Risk Preference & Risk Tolerance
• Risk Profile & Linkage with Risk Appetite

Workshop: Risk Culture Exercise

Day 2

Chapter 5 – ERM Process

• Risk Identification
• Risk Assessment
• Risk Treatment
• BCM and Risk monitoring

Chapter 6 – Capital Management

• Definition of Risk Financing
• Capital Management Process
• Stress Testing Framework
• Fundamentals of Capital Modelling

Workshop: Stress Testing Exercise

Day 3

Chapter 7 – Risk-Based Decision Making

• Understand Decision Making Environment & Process
• Decision Making Stakeholders, Process & Assessment
• Roles of Risk Managers in Decision Making
• Case Study: Blackstone Decision Making

Chapter 8 – Risk and Resilience Decisions

• Introduction to Organisational Resilience
• Case Study: Taco Bell Resilience Decisions
• Crisis Management Framework
• Emerging Risk Management through Sensing