Enterprise Risk Management
All sessions are held on three consecutive days.
September 16-18 $3,300
Class Times: 8:30 am - 4:30 pm
Program Fee: The fee listed above includes tuition, all program materials, continental breakfast and coffee breaks.
Location: Loyola's Water Tower Campus
1 E. Pearson, Chicago, Illinois 60611, conveniently located just off of Michigan Avenue
This program can also be conducted on-site and designed around the needs of a group of managers from your organization.
Although its basic value has been acknowledged for some time, Enterprise Risk Management (ERM) is emerging as a vital focus area for today's senior management teams. Corporations are seeking a new perspective on managing risk to gain competitive advantage, and this course will expand your risk management perspective as well as supply you with the best practices and latest research into the growing discipline of risk management, decision-making, monitoring, and communication.
The program focuses on two key areas:
Enterprise Risk Management 101
This program will provide you with an end-to-end perspective on defining organizational and operational risk management capabilities in order to manage and monitor strategic opportunities and threats to support growth objectives.
Challenges and Opportunities
Through stimulating discussions and case examples, we will explore the tactical aspects of risk management. Learn best practices for managing risks in various functional areas by investing in the right capabilities to protect the future of your organization, and discover practical tools for defining, monitoring, and sharing essential details with your broader organization for better alignment.
During this session, you will:
- Develop a thorough understanding of enterprise risk management practices
- Understand the true benefits of a growth-oriented risk management approach
- Learn how to successfully instill risk awareness in your team and link individual and team goals to managing growth risk
- Develop a perspective on global risks stemming from operations and competition
- Formulate effective and responsive crisis management plans to avoid strategic pitfalls
Who Should Attend
This program is designed for leaders who may be new to risk management responsibilities or need to expand their knowledge of the subject domain. The program is also useful for experienced managers who have not yet been exposed to the best practices in enterprise risk management.
Day One • Building Blocks and Process of Enterprise Risk Management
- Understand external and internal risks, risk horizon, and market-driven risk exposures
- Discuss proactive vs. reactive risk management
- Examine the role of innovation
- Cash Flow at Risk (CFaR) analysis
- Examine emerging markets’ point-of-view
- Review financial tools and their impact on enterprises
- Study the impact of catastrophic events on cash flow
Day Two • Operational Risks
- Definition, types, and factors in generating operational risk
- Operational risk and management framework
- Strategic approach to governance, risk, and compliance
- Talent succession planning and unplanned separations
- Talent risk management related to compliance and ethical issues
- Talent development and its impact on growth
- Assessing various health and safety-related risks
Day Three • International Risks
- A broad overview of risk management in the global supply chain
- The role of network analysis
- Country risk management frameworks
- Country risk management tools
- Political Risk Insurance (PRI) and how it is used