Course Details

Your Growth, Our Mission

Enterprise Risk Management (ERM)
Course Description
Enterprise Risk Management known as (ERM) has evolved a lot since the seventies. From simply 'buying' insurance, it has now evolved and grown in importance to become a prime function in many organizations. It is now part of a bigger system known as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome these risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management.

the most accepted ERM system is the one designed by 'COSO'. This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial or physical as well as in different industries.

the most accepted ERM system is the one designed by 'COSO'. This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial or physical as well as in different industries.

Finance Professionals, Finance Managers, Senior Accountants, Accounting & Budgeting Personnel, Corporate Controllers, Financial Controllers, Treasury Professionals, Chief Accountants, Accounting Managers, Accounting Professionals, Financial Executives, Auditors, Financial Analysts, Bankers, Investment Bankers, Senior Accountants, Banking Professionals, Corporate Business Professionals, Professionals in the field of finance and accounting, managers, supervisors, and finance professionals who desire to understand, apply and implement practical tools to enable them to run the finance and accounting departments more efficiently.

Introduction to Risk Management

  • Risk perception
  • Why should we care about risk
  • The changing environment

Risk Management and Corporate Governance

  • Introduction to corporate governance
  • GRC concept: governance, risk and compliance
  • GRC system: governance, risks and controls
  • Risk management as part of corporate governance
  • Governance failures
  • Risk based decision making

Risk Management and Corporate Control Environment

  • Risk management’s influence on designing internal controls
  • Risk-Based internal audit assessment of risk management performance

ERM and its Evolution

  • ERM evolution
  • ERM benefits
  • ERM platform
  • Strategic approach
  • Operations and tactics
  • Business reporting
  • Compliance and process

Risk Categories

  • Strategic risks
  • Reporting risks
  • Financial risks
  • Physical: life and safety risks
  • Compliance
  • External environment: socioeconomic, regulations, technology and competition
  • Internal environment: structure, processes and culture

 

ERM Components

  • Internal environment
  • Objectives setting
  • Event identification
  • Risk assessment:
  • Risk response
  • Control activities
  • Information and communication
  • Risk monitoring

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.

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Course Rounds

5 Days
Code Date Venue Fees Action
ACC136-01
2026-05-11
London
USD 6950
Register
ACC136-02
2026-08-02
Dubai
USD 5450
Register
ACC136-03
2026-10-11
Riyadh
USD 5450
Register
ACC136-04
2026-12-20
Dubai
USD 5450
Register

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Your Growth, Our Mission

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