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COSO Enterprise Risk Management Certificate

CPE Hours: 18
 
INTRODUCTION
The complexity of enterprise risk has changed, new risks have emerged, and managing it has become everyone’s responsibility.
 
The new Committee of Sponsoring Organizations (COSO) Enterprise Risk Management (ERM) Certificate Program offers you the unique opportunity to learn the concepts and principles of the updated ERM framework and to be prepared to integrate the framework into your organization’s strategy-setting process to drive business performance. Plus, you’ll earn up to 18 hours of CPE.
 
A combination of self-study pre-work and an in-person workshop provide the knowledge necessary to understand and apply COSO’s Enterprise Risk Management015Integrating with Strategy and Performance. The ERM Framework assists management and boards of directors with their respective duties for managing risk. It does so by explaining five easy-to-understand components that accommodate different viewpoints and operating structures, and enhance strategies and decision making.
 
Upon completion of the self-study course and the in-person training, you’ll be eligible to sit for the exam and earn your certificate.
 
WHO SHOULD ATTEND
  • Team members who play a risk management role in entities of any size
  • Consultants who provide advisory services related to enterprise risk management
  • Board members who provide oversight of enterprise risk management
 
Prerequisites: Basic understanding of enterprise risk management
 
COURSE SCHEDULE
Day 1: 9.00am – 5.30pm
Day 2: 9.00am – 5.00pm
 
COURSE OUTLINE
Additional Information
Note: One pre-work self-study course is required to be completed prior to the start of the in-person training. Access to the pre-work is provided 7–10 business days before the start of the in-person training.
 
An Overview of the ERM Framework
  • Recognize the value of enterprise risk management when setting and carrying out strategy and objectives.
  • Recognize the alignment of performance and enterprise risk management.
  • Identify key terms, definitions, and concepts of the ERM Framework.
 
The Governance and Culture Component
  • Recall key concepts included in the ERM Framework related to the governance and culture component, including relevant principles.
  • Apply the concepts of the ERM Framework for the governance and culture component to a variety of situational examples.
 
The Strategy and Objective-Setting Component
  • Recall key concepts included in the ERM Framework related to the strategy and objective setting component, including relevant principles.
  • Apply the concepts of the ERM Framework for the strategy and objective-setting component to a variety of situational examples.
 
The Performance Component
  • Recall key concepts included in the ERM Framework related to the performance component, including relevant principles.
  • Apply the concepts of the ERM Framework for the performance component to a variety of situational examples.
 
The Review and Revision Component
  • Recall key concepts included in the ERM Framework related to the review and revision component, including relevant principles.
  • Apply the concepts of the ERM Framework for the review and revision component to a variety of situational examples.
 
The Information, Communication, and Reporting Component
  • Recall key concepts included in the ERM Framework related to the information, communication, and reporting component, including relevant principles.
  • Apply the concepts of the ERM Framework for the information, communication, and reporting component to a variety of situational examples.
 
A Case Application to Identify Performance Improvements in ERM
  • Recall concepts included in the ERM Framework.
  • Apply concepts from the ERM Framework to the situational case presented.
 
Assessment/ Examination
Please note that only participants who completed the online self-study and in-person training will be eligible to sit for the exam. After the conclusion of the in-person training session, an email with a link to the online exam will be sent to the individual participant within 1 week. Participants have up to 90 days from the date they receive the exam to complete it. The exam is timed to be completed within 1.5 hours (i.e. window will close automatically). If participants do not achieve a passing score, they will receive a link to retake the exam. Retake must be completed within a month from receipt.
 
ABOUT THE TRAINER
Mr Marinus de Pooter is an independent interim manager, advisor and trainer. He focuses on helping leadership teams to stay future-proof through continued value creation and protection. Analyzing what their key stakeholders mean by ‘value’, ‘result’, ‘success’ and ‘improvement’ is the starting point of the practical value management approach that he has developed. Marinus claims that there is little value in building separate compliance- oriented risk management silos. Instead, he believes that leadership teams can benefit from using an integrated approach, that connects and engages experts. Their expertise is needed for developing suitable working standards and practices.
 
Decision making involves balancing both opportunities and risks, both potential pros and cons. Marinus emphasises the importance for leadership teams to foster and monitor that the decision-makers:
  • are honest and competent people;
  • have clear goals and mandates;
  • dispose of relevant and reliable information;
  • reconcile conflicting interests in accordance with the core values.
 
Previously, Marinus worked as Director of Finance at E&Y Global Client Consulting, European Director Internal Audit at Office Depot and Executive Director ERM at EY Risk Advisory.
 
COURSE REFERENCE NO:
CRS-N-0049737
 
FUNDING VALIDTY PERIOD:
03 May 2019 to 14 Apr 2021
 
COURSE FEES & FUNDING (IN SGD)
The fees for participants who are not Singaporeans and permanent residents (PRs) are:
  • $1700 (before GST) for member; and
  • $2100 (before GST) for non-member
 
For company-sponsored employees:
Applicant must be fully sponsored by the Company for all costs associated with the training (i.e. Payment has to be made via corporate means e.g. corporate cheque, corporate GIRO, corporate credit card).
 
The table below shows the amount of fees and subsidies under each of the funding schemes.
 
VARIOUS FUNDING SCHEMES
Funding for self-sponsored or Eligible employer-sponsored training is available under the SSG Training Grant for participants who are Singaporeans and PRs. The funding schemes available are:
  • Mid-Career Enhanced Subsidy - Singaporeans aged 40 and above may enjoy subsidies up to 90% of the course fee, capped at $50 per hour for up to 14.5 training hours allowable by SSG.
  • Workfare Training Support - Singaporeans aged 35 and above and earn not more than $2,000 per month, may enjoy subsidies up to 95% of the course fee, capped at $53 per hour for up to 14.5 training hours allowable by SSG.
  • Enhanced Training Support for SMEs - SME-sponsored employees (Singaporeans and PRs) may enjoy subsidies up to 90% of the course fee, capped at $50 per hour for up to 14.5 training hours allowable by SSG.
  • Absentee payroll funding is available to help eligible employers (excluding government entities) defray the manpower costs incurred when they sponsor their employees (Singaporeans and PRs) to attend this course.

 

TERMS AND CONDITIONS UNDER SSG GRANT:
  • Participant is required to achieve at least 75% attendance and sit and pass the prescribed assessment/examination.
  • Participant is eligible for only one funding scheme.
  • All self-sponsored participants/sponsoring employers would need to pay the nett fee (with GST) upfront to IIAS. Sponsoring employers shall submit a training grant application for the remaining eligible subsidies via SkillsConnect system. For details, please refer to SkillsConnect guide 4.1.
  • Eligible self-sponsored participant should select "Cheque/Fund Transfer" option during online registration at IIAS registration portal. (Note: As the agent to submit the SSG Training Grant on behalf of self-sponsored applicants, IIA Singapore will be collecting identification details of these applicants.)
  • In the event that the participant/sponsoring employer fails to meet any of the requirements set under the funding scheme and thereby resulting in his/her application for funding claim being rejected by the respective funding agency due to any reasons, the participant/sponsoring employer is liable to pay the balance of the full course fee (i.e. full course fees less nett course fees) to IIAS.
  • Training Quality and Outcomes Measurement (TRAQOM) surveys by SSG: Sponsoring employers/participants are required to provide IIAS with their participant's full name, NRIC/FIN/Passport number, personal email address and mobile number to facilitate the conduct of TRAQOM surveys as required by SkillsFuture Singapore. Sponsoring employers/participant may indicate their participant’s NRIC/FIN/Passport number in “Remarks” field during online registration at IIAS registration portal. All participants are strongly encouraged to complete the TRAQOM quality and/or outcomes surveys. Click here for FAQ.