Enterprise Risk Management (ERM)

Enterprise Risk Management (ERM)

Today’s business world is constantly changing — its unpredictable, volatile, and seems to become more complex every day. By its very nature, it is fraught with risk. Enterprise risk management is a comprehensive, systematic approach for helping the organisation to identify, measure, prioritise and respond to the risks challenging its most critical objectives and related projects, initiatives and day-to-day operating practices.

What is Enterprise Risk Management (ERM)?

ERM is a systematic process in which organisations:

  • Maintain a portfolio view of key risks at group and business unit level
  • Manage both the upside potential and downside impact based on the organisation’s risk appetite & risk tolerance
  • Measure and address both stand-alone event risks and how the individual risks interrelate

How does ERM benefit your organisation?

  • Improved profitability and performance
  • A comprehensive view of risks and controls throughout the organisation
  • Risk-based management of resources and capital
  • Enhanced dialogue with rating agencies and regulators
  • Greater integration of governance, risk and compliance

Typical issues and challenges

  • What are my company’s risks?
  • Does my company have a risk appetite statement?
  • How do I link group risk appetite with operational decisions?
  • Are there existing policies that reflect my risk profile?
  • How effective is my risk governance framework?

Course Outline:

Session 1: ERM Overview

  • Understanding ERM
  • Understanding the role of ERM in an increasingly complex and uncertain environment
  • Defining ERM drivers and characteristics
  • Getting to know the different ERM standards and frameworks
  • Understanding the 2017 updated COSO ERM framework
  • Understanding the ERM framework architecture and its importance in the organisation

Session 2: Business Strategy

Risk strategy

  • Understanding the importance of risk in setting strategy, formulating business plans and managing performance and rewards

Risk appetite

  • Defining risk appetite and its importance in the risk strategy of the organisation
  • Differentiating risk appetite and risk tolerance
  • Analysing how risk appetite can be articulated for a range of risk types

Risk profile

Defining risk profile

  • Articulating the steps to establishing your corporate risk profile: Risk identification
  • Risk analysis, including risk modelling and the various risk
    • Analysis techniques
    • Risk evaluation
    • Risk mitigation

Session 3:  Business Management

Risk governance

  • Describing the components of Governance, Risk and

Compliance (GRC)

  • Evaluating the various types of governance structure
  • Defining the roles and responsibilities of key GRC personnel:
    • Creating an accountability structure
    • Defining GRC oversight roles

Risk culture

  • Defining risk culture
  • Assessing the risk culture maturity in your organisation
  • Establishing the desired level of risk culture maturity – factors influencing the desired level of maturity:
  • Competence
  • Visibility
  • Type of organization

Risk monitoring and reporting

  • Defining risk monitoring and reporting framework in your organisation
  • Understanding and designing Key Risk Indicators (KRIs)
  • Understanding the role of risk policies in the GRC function
  • Understanding the different risk policy components
  • Risk management practitioners
  • Finance managers
  • Finance officers
  • IT staff
  • Internal auditors
  • Operations staff at all levels

Timings:  9:30 am – 5:00 pm , Registration begins at 9:00 am

  • Fees: Rs. 8,650/- +18 % GST per person.
  • Please write to register@princetonacademy.co.in/ Call -022 66976892/74
  • Provide Below Details for Registration :
  • Name of the participants:
  • Company Name and Address(For Invoicing):
  • Contact details of Participants (Email ID & Number):
  • GSTN Number:
  • Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
  • Fees includes lunch, tea, course material etc.


Jul 21 2017


09:30 AM - 05:30 PM


Delhi - The Lalit


Delhi - The Lalit
Hotel The Lalit, Barakhamba Avenue, Connaught Place, Near Modern School, New Delhi, Delhi 110001
Princeton Academy


Princeton Academy
022 67256200