Two Day Seminar: Implementing an Effective ERM Process

Course Code:
GRC488
CPE Hours:
16
Course Start Date:
December 16, 2019
Course End Date:
December 17, 2019
Time:
9.00 AM - 5.00 PM
Registration Deadline :
December 09, 2019
Level of course:
Level 2
Trainer:
Sylvia Lim
Competency areas:
Governance, Risk and Control [GRC]
Course venue:

M Hotel Singapore

Course fee (IIA/ ISACA member):
$845.30
(Inclusive of GST)
Course fee (non-member):
$1070
(Inclusive of GST)
Other Memberships valid for discount:
10% off non-member rate for ISCA and ACCA member
Lunch Provided:
Yes
Tea Break:
Yes
Course Overview:

INTRODUCTION
The implementation of a formal enterprise risk management (ERM) process is not only meant to comply with corporate governance requirements. Organisations that make use of risk management as an important tool for strategic decision-making are equipping themselves with the knowledge to make efficient and well-informed business decisions—anticipating and mitigating risk, seizing opportunities, allocating limited resources more effectively and enabling better overall business performance.

This intensive and interactive 2-day program would provide participants with detailed guidance on establishing a formal ERM process, including setting risk appetite, tolerance and risk indicators, as well as useful references on ERM frameworks, to help participants take immediate action to build or strengthen the risk management process of their organisations.

WHO SHOULD ATTEND
Finance, risk, internal controls professionals who are tasked with the responsibility to develop or enhance the company’s risk management process or who would like to understand more about enterprise risk management.

Course description :

LEARNING OUTCOMES
What you will gain from this seminar:
• Understand about corporate governance and risk management compliance
• Gain access to practical suggestions on risk management compliance
• Learn about the different risk management maturity levels
• Understand and define risk strategy, risk culture and risk appetite for your organisation
• Learn about different risk management frameworks
• Build a formal risk management process
• Identify common risk factors
• Conduct risk assessment
• Formulate effective risk responses and risk reporting mechanism
• Develop practical risk management documentation (e.g. risk management policy, risk management framework, risk register, etc.) with provided templates

COURSE OUTLINE
Corporate Governance and Risk Management
• Singapore Code of Corporate Governance
• Risk management compliance
• Typical risk management activities

Risk Trends
• Executives’ perspectives on top risks for 2018
- Macroeconomic risk issues
- Strategic risk issues
- Operational risk issues
• How are latest risk trends affecting risk management?

Overview of Enterprise Risk Management
• Definition of ERM
• Objectives of ERM
• Levels of risk management maturity
• ERM vs traditional risk management
• Benefits of a formal ERM approach and framework

Establishing a Robust ERM Structure
• Risk management strategy
• Risk management culture
• Risk management policy
• Risk management roles and responsibilities
• Risk appetite and risk tolerance

Implementing an Effective ERM Process
• Risk identification (with examples of common risk factors and fraud schemes)
• Risk assessment
• Risk treatment
• Risk reporting
• Risk monitoring

Common challenges faced when designing and implementing an ERM process

Adding Value to Business Functions
• Tools to help organisations keep abreast of risk trends to anticipate emerging threats and
• opportunities
• Key risk indicators formulation
• Tools to review strategic risks and formulate risk responses
- The eliminate-reduce-transfer-accept grid
- The company’s perspective vs the client’s perspective evaluation
- Potential customers’ tiers assessment

Case studies discussion

ABOUT THE TRAINER
Ms Sylvia Lim is the Managing Director of Corporate Risk Strategists and Excellence Link Associates, specialising in coaching, consulting and training on risk management, internal controls, as well as fraud prevention and detection. Sylvia has worked with the Big Four accounting firms, multinational
corporations and local companies in Hong Kong and Singapore for over 15 years.

Sylvia has been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific. Additionally, Sylvia has over 5 years of professional training experience. She has provided various training programs on corporate governance, enterprise risk management, internal controls, anti-fraud and anti-corruption to diverse clients and directors from companies listed in Singapore, Malaysia and Hong Kong.

Graduated with an Accountancy degree (Honours) from Nanyang Technological University, Sylvia is also a Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners.


Payment by PayNow/PayLah! transfer

Make the payment of your registration fees via PayNow/PayLah! transfer by following the steps below:

1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow/PayLah! QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include the details below under the UEN/Bill Reference Number (text limit of up to 25 characters).

5. Once payment is made, please print screen the transaction and email to iia-academy@iia.org.sg for our tracking purposes.

Please refer to PayNow and PayLah! for more information.


Group Discount
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
Applicable for participants from the same company registered within the same day. Discount will be indicated and processed on a single invoice.

Terms and Conditions
1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. All registrations must "Proceed to Payment" to complete registration. Full payment must be received prior the course commencement.
4. Contact Person will be notified VIA EMAIL upon successful registration of the course.
5. Complimentary parking will be provided on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.


PLEASE NOTE:

A system generated email will be sent upon successful registration of the mentioned seminar.
Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date
If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029


Registration Closed.