Implementation of an Efficient ERMF-Process

Announcement from the EAA organiser:

The world has significantly changed

Imagine you were tasked with projecting a risk profile for your company for the coming 5 years in 2018. Would you have included a pandemic, a war in Ukraine and the climatological effects we are currently confronted with? Would you have considered the underlying changes in society which may cause some further risk events, we are currently not fully aware of?

It shows us that the way we act as risk managers needs to change. First of all, we need to analyse the allocation of our time to the risk management activities and the value we create for our businesses. Regulation is forcing us to perform activities like risk and control assessments which added value clearly reduces over time. Risk indicators still play a small role in most business and the implementation of these turns out to be difficult. The concept itself, however, is a key to solve other problems.

Except for getting the basis right, we need to bring risk management to all of our colleagues. It needs to be part of our DNA. It should be one aspect before we take decisions and it should enable us to guide through extra-ordinary times.

Why should you attend this course?

If one of the following descriptions fits to your situation, the course might be exactly right for you:

1. Your risk capacity is smaller than the demand, you need to prioritise.
2. You are running many activities to be compliant to the risk policies, but you feel that you are not setting the right priorities.
3. You are working in the 3 lines of defence model, but you have challenges to take the first line (business) with you.
4. You want to pay more attention to emerging risk, but you are missing the overview due to the complexity of those risks.
5. You like to change the culture, but you struggle with the implementation.

What approach do we take?

In the two days the newest insights and your practical issues will be discussed. We will discuss ways to allocate resources differently to the prioritised topics and discuss needed changes.

Before the start you will receive a little preparation deck, with useful material for the training and your discussions. It will also include a short survey which you can complete in advance. It enables us to finetune the course.

Topics will start with a concise introduction followed by a discussion in smaller groups. We will combine the gained insights in a plenary discussion and keep a record of the insights gained.

The following colleagues might benefit most from the course: first line colleagues with responsibility for risk management, risk ambassadors in the first line, risk managers, strategists, organisational developers, (in house) consultants auditors and colleagues facing off against regulators.

The learning objectives of this course are:

1. Match the changed environment to risk management frameworks including policies, activities and processes
2. Understand the concept of change modes (going concern – crisis, and states in between) and corresponding actions (risk management, operational resilience)
3. Learn about opportunities to enhance the effectiveness and efficiency of an Enterprise Risk Management Framework
4. Gain insight in a company’s culture and the levers for changing a culture

Technical requirements: Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom is used for the web session). 

Click here to make a reservation. The registration fee is € 600 plus 19% VAT until 14 September 2022. After this date, the fee will be € 780 plus 19% VAT.