Overview
Course overview
Every organisation faces risk, but few manage it strategically. This enterprise risk management short course gives managers, risk professionals and executives the tools to identify, assess and respond to risk at an organisational level. Drawing on internationally recognised frameworks including ISO 31000 and COSO ERM, learners develop the ability to design risk registers, set risk appetite statements, build governance structures and embed a risk-aware culture. The course also addresses emerging risk categories including cyber risk, ESG risk and supply chain disruption, making it directly relevant to today's complex risk landscape.
What you will study
Establish the foundational principles of enterprise risk management, covering the definition and taxonomy of risk, the distinction between risk management and control, and the business case for a systematic, organisation-wide approach to managing risk.
Apply ERM principles to your own organisation's risk environment. Identify the most significant risks facing your business, assess the current maturity of your risk management practices and define the priority actions for improving them.
Examine high-profile cases where poor risk management contributed to major corporate failures, regulatory penalties or reputational damage. Extract the governance, cultural and process lessons and apply them to strengthening your own organisation's risk management.
Learn the principal risk management tools and techniques, including risk registers, probability-impact matrices, heat maps, bow-tie analysis, FMEA and Monte Carlo simulation. Understand when each tool is most appropriate and how to interpret its outputs.
Build a practical ERM implementation roadmap for your organisation, defining the risk governance structures, policies, processes and reporting frameworks you will put in place to manage risk systematically and embed a risk-aware culture.
Develop metrics and review processes for assessing the effectiveness of your ERM programme over time. Learn how to conduct risk management reviews, report on risk to boards and audit committees and demonstrate the value ERM delivers to the organisation.
Master the structured process for identifying and assessing risks across the enterprise: how to run risk workshops, how to evaluate likelihood and impact consistently, how to aggregate risks across business units and how to ensure the assessment is comprehensive rather than political.
Learn how to design and implement risk mitigation strategies appropriate to each risk category and risk appetite. Covers risk avoidance, reduction, transfer and acceptance strategies, and how to choose and combine them within a coherent risk response framework.
Develop the skills to communicate risk information clearly and confidently to boards, audit committees, regulators, investors and employees. Learn how to structure risk reporting so that the right people have the right information to make informed governance decisions.
Build a systematic approach to monitoring regulatory compliance and tracking the performance of risk controls over time. Covers control testing frameworks, key risk indicators, early warning systems and the escalation processes that ensure risk issues are surfaced quickly.
Who is this for?
Risk professionals, compliance officers, senior managers, board members and executives responsible for overseeing or improving risk management frameworks within their organisation.
Learning outcome
Participants leave with a structured risk management methodology, the ability to design and implement ERM frameworks aligned with ISO 31000 and the governance knowledge to ensure risk is managed consistently at every level of the organisation.
Assessment and delivery style
Teaching is designed to be interactive, applied and professionally relevant. Activities may include case discussion, guided exercises, workplace examples, short presentations, reflective planning and tutor-led feedback.
