Enterprise Risk Training
This training course is formed of four modules:
Building an ERM framework – Focusing on building the essential components of an effective, practical and focused ERM framework
Designing successful risk registers – Design and build a risk register that will support the capture of risk information, the automation of decisions about escalation, delegation and response and the reporting of risks through a dashboard
Identifying and analysing risks – Covering techniques for identifying risks and best practice in terms of structuring risk descriptions, this module will allow us to populate our risk register with risk data and score this according to the ERM framework we have designed
Responding to risks and opportunities effectively – This module will cover how to select an effective response to the risks that have been identified, leveraging opportunities that may arise from the risks and how to document and monitor the delivery of the actions required to put the risk response in place
Establishing the core components of an ERM framework
Building an entity-specific risk assessment matrix
Design and build of an effective and practical risk register
Best practice for the capture of risk information and approaches to identifying risks
Putting the ERM framework into practice through the analysis of identified risks and the capture of this within the risk register
Realising the value of ERM through the design and monitoring of effective risk responses to both threats and opportunities
Have an improved understanding of what an ERM framework is and what it should include
Be better equipped to build and operate an approach to ERM that is genuinely valuable for your organisation
Understand how to balance the conflicting priorities of detail and simplicity within your ERM framework and approach
Gain experience of the practical implementation of ERM to an organisation via a simulated experience with a fictional company
Effective ERM helps your organisation to obtain a clear, consistent and comprehensive view of whether it is taking enough risk, and to take tangible action on the basis of this information. This enables your organisation to take reasonable and well-managed risks in the right areas, in pursuit of your goals and objectives.
This training is aimed at organisations who are interested in developing a new ERM approach or enhancing an existing approach.
Individuals with a specific responsibility for risk (framework, processes, reporting etc.) will gain most from this course however it is also useful for a wider audience including risk owners and risk champions.
For further information please contact:
rod.ratsma@wtwco.com, sam.haslam@wtwco.com and victoria.veisalu@wtwco.com
Unlock the potential of Enterprise Risk Management (ERM) by learning the core concepts of building a robust ERM framework.
This module educates your stakeholders on how to align ERM with your strategic planning, ensuring a structured approach to risk that aligns with your business objectives. Learn the key components and steps to tailor an ERM framework that enhances decision-making and corporate governance.
Ideal for risk managers and executives, this course is your stepping stone to establishing a proactive risk management culture within your organisation.
Introduction to ERM and its importance in helping your organisation to achieve its strategic objectives and ambitions whilst remaining sustainable and resilient
Key components and structure of an ERM framework
Steps to build a tailored and practical ERM framework for your organisation
Risk appetite: Options for how to approach risk appetite and use this concept to drive decisions and actions
Integration of an ERM framework into corporate governance and day-to-day operations
Understand the foundational elements of an ERM framework
Ability to design and implement a customised ERM framework
Knowledge of how to align ERM and business strategy/objectives
Undertaking this training allows an organisation to establish a robust ERM framework that supports proactive risk management and decision-making processes, enhancing organisational resilience.
This training is aimed at risk managers and professionals responsible for developing ERM strategies, Executives and board members overseeing these practices or any other stakeholders involved in the design and implementation of risk management frameworks.
Discover the fundamentals of crafting effective risk registers that serve as the cornerstone of your risk management strategy.
This module delves into the principles of capturing, categorising, and automating risk information to streamline your processes. With hands-on techniques for risk reporting and dashboarding, you’ll transform data into actionable insights.
Suitable for both risk professionals and stakeholders with less formal risk training, this course equips you with the tools to maintain a clear vision of your organisation’s risk landscape.
Principles for designing effective risk registers
Techniques for capturing and categorising risk information
Automation of risk management processes using risk registers
Reporting and visualising risk information to drive effective oversight and delegation
Develop the skills to create and maintain comprehensive risk registers
Learn to automate risk escalation, delegation and response
Gain insights into risk reporting and visualisation techniques
Taking part in this training helps to equip your organisation with dynamic and practical tools for risk information management, enabling better risk visualisation and control and helping you to drive tangible action in response to the risk data you gather.
This training is aimed at individuals tasked with risk data collection and analysis and/or the design and build of systems for risk reporting and communication.
Elevate your risk assessment skills with this comprehensive module on identifying and analysing risks.
Learn to systematically uncover risks across business areas and apply scoring and prioritization to inform your ERM strategy. Gain proficiency in both qualitative and quantitative analysis methods, enhancing your ability to make informed decisions.
This course is suitable for a wide range of stakeholders, from risk analysts and managers to business leaders, to operational managers – anyone seeking to fortify their risk identification and analysis capabilities.
Methods for risk identification across various business areas
Structuring risk descriptions for clarity and actionability
Risk scoring, appetite, and prioritisation: How these concepts flow from the ERM framework to practical application
Techniques for qualitative and quantitative risk analysis
Enhanced knowledge and ability to apply risk identification techniques
Structure and consistency of risk descriptions to facilitate clearer and quicker understanding of risks
Ability to score and prioritise risks effectively
Proficiency in applying a range of risk analysis methods
Enhance your organisation’s capability to identify and analyse risks systematically, leading to informed risk-taking and mitigation strategies.
This training is aimed at any stakeholders who may be asked to identify and analyse risk as part of an ERM approach, whether they are risk professionals such as risk managers or analysts, or wider stakeholders such as risk owners, risk champions etc.
Transform challenges into opportunities with this module focused on responding to risks.
Explore various response strategies, from designing effective controls and processes, to using risk information to drive your insurance programme, to implementing monitoring techniques to manage risks dynamically. Learn to communicate effectively with stakeholders and leverage opportunities that arise from risk scenarios.
Designed for risk managers, decision-makers and those involved with delivering the risk response, this course will guide you in fostering a resilient and opportunity-rich risk culture.
Strategies for risk response planning and implementation
Leveraging opportunities arising from identified risks
Documentation and monitoring of risk response actions
Best practices for risk response communication and stakeholder engagement
Learn how to select and implement effective risk responses
Understand how to capitalise on opportunities presented by risks
Acquire the skills needed to effective document and track risk response progress as part of your wider ERM programme
Improve your organisation’s agility in responding to risks and seizing opportunities, fostering a culture of informed, reasonable and well-managed risk-taking in pursuit of strategic goals and objectives.
This training is aimed at stakeholders across the risk lifecycle, from decision makers responsible for selecting and authorising the risk response, risk professionals involved in the planning and monitoring of the risk response and any stakeholders who may be tasked with the effective and efficient delivery of risk responses.
