Certified Enterprise Risk Management Professional (CERMP) Course Overview

To ensure that participants are well-prepared to engage with the Certified Enterprise Risk Management Professional (CERMP) course content and derive maximum benefit from the training, the following prerequisites are recommended:

• Basic understanding of business processes and operations.
• Familiarity with general risk management concepts and terminology.
• Some exposure to or experience in a professional business environment.
• Ability to comprehend and analyze case studies related to business risks.
• Willingness to engage in discussions and apply critical thinking to risk management scenarios.

These prerequisites are designed to establish a foundational knowledge base from which participants can effectively absorb the advanced concepts presented in the CERMP course. They are not meant to be barriers to entry, but rather to ensure that students can actively participate and apply the learnings to real-world enterprise risk management challenges.

Target Audience for Certified Enterprise Risk Management Professional (CERMP)

The Certified Enterprise Risk Management Professional (CERMP) course equips professionals with comprehensive ERM knowledge and skills.

• Risk Managers
• Chief Risk Officers (CROs)
• Compliance Officers
• Internal Auditors
• Financial Controllers
• Operations Managers
• Strategic Planners
• Business Continuity Managers
• Finance Professionals
• Corporate Governance Professionals
• Management Consultants
• Board Members
• Project Managers
• IT Governance Professionals
• Information Security Professionals
• Quality Assurance Managers

Learning Objectives - What you will Learn in this Certified Enterprise Risk Management Professional (CERMP)?

1. Introduction: The Certified Enterprise Risk Management Professional (CERMP) course equips learners with a comprehensive understanding of ERM principles, frameworks, and best practices for effective risk governance.

2. Learning Objectives and Outcomes:

• Define and understand the concept of risk, its various global forms, and the importance of managing risk at an enterprise level.
• Differentiate between traditional risk management and Enterprise Risk Management (ERM), recognizing the limitations of traditional methods.
• Identify the key elements of enterprise risk, understand the ERM process, and the evolution of industry practices towards integrated ERM.
• Develop knowledge of various ERM frameworks, including COSO, ISO 31000, Basel II, FERMA, OCEG, and AS/NZS 4360:2004, and their applications within organizations.
• Learn the strategic steps involved in developing and implementing a risk management framework, understanding both "hard" and "soft" aspects of risk management.
• Articulate risk appetite and tolerance, and understand their roles in strategic decision-making and ERM integration.
• Design a comprehensive ERM program with clear steps, and recognize common issues and what is needed to excel at ERM.
• Understand risk governance, its relationship with ERM, and the steps boards can take for effective risk governance.
• Identify and learn how to avoid common pitfalls in ERM implementation, drawing lessons from past financial crises and industry-specific challenges.
• Gain insights into monitoring and assessing the maturity of an ERM framework and keys to successful ERM practices tailored to an organization's specific needs.