Building effective enterprise risk management:

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Building effective enterprise risk management:

Summary

This paper is all about Enterprise Risk Management (ERM). It is designed to help risk mangers either confirms that existing processes are complete or assist in creating and implementing a first time ERM process. It all begins with defining what ERM is all about and offering alternatives as to how to implement an ERM process that is valuable and tailored to the needs of the individual business. Included in this paper is a visual example of the six steps that every ERM process must contain.

Then every step of an ERM process is explained by process in an easy and understandable concept. Highlighting Risk Appetite to Risk Methodology to Risk Assessment begins the ERM journey. Then we move on to Risk Policy and explain how to link policy directly to procedures and indicators. Aligning risk infrastructure to risk governance and risk reporting is also included. The journey ends with a discussion on the overlooked pieces of ERM; risk education, communication and tools. Taken together, each of these steps will result in the design and implementation of a strong resilient and effective enterprise risk management process

Learning Objectives
  1. What is ERM 
  2. How to design an ERM program
  3. Benefits of ERM