Certified Enterprise Risk Specialist (CERS)

Course Code: PMCM 128

486 Course Visits

Course Sector:

Project & Contract Management

Request in house training Call Me Back

Course Dates and Locations

Choose a date and location to book your seat

No.

Date

Days

Location

Fees

Enrollment

No available dates now, will be added soon..

Introduction

Training course introducion / brief

Ignoring high-consequence, low-likelihood risks can be damaging to an organization but preparing for everything is impossibly costly. In the current business environment, as well as the inevitable implications that COVID-19 has brought, risks has come in various forms and has led to industry disruptions. Enterprise risk management enables an organization to identify and assess these challenges and prepare solutions on how to resolve it.

This training course is designed to provide participants with the essential concepts related to Enterprise Risk Management. This course will explore the methods on how to design and implement an effective risk management program and processes, how to enhance performance of the organization, and create strategic solutions to identified risks.

Gain a comprehensive understanding of the different components and principles of COSO ERM Aligning Risk with Strategy and Performance and the COSO Internal Control – Integrated Framework
Identify the different types of risk identification methodologies.
Familiarize oneself with the ISO 31000:2018 framework and understand the difference as compared to the related COSO framework.
Increase understanding of the PESTEL Analysis and how to use it to understand the organizations environment.
Utilize “Root Cause” when developing risk mitigation plans as well as the automated controls as a solid path to sound risk mitigation.
Recognize areas of challenges in enabling effective internal controls.
Understand surrounding concepts and current updates on Fraud Risks including anti-fraud controls.

* Project Manager

* Business Administrator

* Marketing Coordinator

* Account Executive

* Chief Operating Officer

* Operations Manager

* Executive Administrative

* Risk Manager

* Program Manager

* Business Analyst

* Quality Control Coordinator

* Assistant Manager

* Team Leader

* Senior Supervisors

* Researcher

* Entrepreneur

* Management Consultant

* Public Relations Director

Introduction to Risk Management

Current State of Risk Management
Different Risk Management Frameworks
Organizational Culture & Risk Management
The Risk Management Maturity Model
The Risk Management Road Map
The Chief Risk Officer – A Change Agent

Corporate Governance& Risk Management

The Three Lines of Defense
The Role of the Board in Risk Management
The Board Risk Management Committee
Authority & Accountability
Tone at the Top and Code of Conduct

COSO ERM – Aligning Risk with Strategy & Performance

→ Governance & Culture
Exercises Board Risk Oversight
Establishes Operating Structures
Defines Desired Culture
Demonstrates Commitment to Core Values
Attracts, Develops and Retails Capable Individuals
→ Strategy & Objective Setting
Analyzes Business Context
Defines Risk Appetite
Evaluates Alternative Strategies
Formulates Business Objectives
→ Performance
Identifies Risk
Assesses Severity of Risk
Prioritizes Risk
Implements Risk Responses
Develops Portfolio View
→ Review & Revision
Assesses Substantial Change
Reviews Risk & Performance
Purses Improvement in Enterprise Risk Management
→ Information, Communication & Reporting
Leverages Information & Technology
Communicates Risk Information
Reports on Risk, Culture & Performance

COSO Internal Control – Integrated Framework

→ Control Environment
Demonstrates commitment to integrity and ethical values
Exercises oversight responsibility
Establishes structure, authority, and responsibility
Demonstrates commitment to competence
Enforces accountability.
→ Risk Assessment
Specifies suitable objectives
Identifies and analyzes risk
Assesses fraud risk
Identifies and analyzes significant change
→ Control Activities
Selects and develops control activities
Selects and develops general controls over technology
Deploys control activities through policies and procedures
→ Information & Communication
Uses relevant information
Communicates Internally
Communicates externally

The ISO 31000: 2018 Framework

→ Principles
Value Creation & Protection
Continual Information
Integrated
Structured & Comprehensive
Customized
Inclusive
Dynamic
Best Available Information
Human & Cultural Factors
→ Process
Scope, Context , Criteria
Risk Assessment
Risk Identification
Risk Analysis
Risk Evaluation
Risk Treatment
Recording & Reporting
Communication & Consultation
Monitoring & Review
→ Framework
Leadership & Commitment
Integration
Design
Implementation
Evaluation
Improvement
→ Compliance Risk Management
→ Defining Compliance Risks
→ Applying the COSO ERM Framework to Compliance Risk Management
→ Conducting Compliance Risk Assessments
→ Identifying Compliance Risk Factors
→ Developing the Compliance Monitoring Program
→ Applying the ISO 19600:2018 to Compliance Risk Management
→ Fraud Risk Management

Fraud Governance

→ Hiring Board Directors
→ Related Party Transactions
→ Conflicts of Interest
→ Code of Conduct
→ Performance Assessment
→ Embedding Fraud Risks in Strategy Development
→ Remuneration Policies
→ Fraud Risk – Risk Management, Internal Audit or Compliance?
→ Policies & Procedures
→ Culture
→ Whistleblowing
→ Systems & Automation
→ Know Your Employee (KYE)
→ Know Your Supplier (KYS)
→ Know Your Customer (KYC)
→ Employee Accountability
→ Performance Measurement

Fraud Risk Assessment & Identification

→ Types of Fraud Risks
→ Analyzing Internal & External Factors
→ The Fraud Triangle – A critical tool to risk assessment & Identification
→ Data Analytics & Risk Identification
→ Documenting Fraud Risks
→ The Fraud Risk Register

Anti-Fraud Controls

→ Preventive & Detective Controls
→ Automated Vs. Manual Controls
→ Control Reports & Data Analysis
→ Technology & Related Controls

Boost certificate of completion

BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.

ENDORSED EDUCATION PROVIDER

Flexible deadlines

Customized dates accordance to your schedule

Shareable Certificate

Earn certificate upon completion

COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

Download Company profile

Download Calendar

Trending Courses

The most bespoke and flexible training courses

Open courses table

Sep

- 05 -
Days

Introduction to Machine Learning and Artificial Intelligence

Abu Dhabi, UAE

TRAINING COURSE: Certified Enterprise Risk Specialist (CERS)