Enterprise Risk Management (ERM) - Practical and Effective Solution

• 8:30 – 9:00 AM: Registration
• 9:00 AM: Session Start Time

• Session 1: Enterprise Governance

Session 1 will explore the many ways that strategies and organisations can fail and what Business Leaders should be worried about. The concept of Enterprise Governance will be introduced and each element and how they interconnect and why the foundation for organisational success is embodied in effective Enterprise Governance will be explained.

Understanding the 4 key elements of Enterprise Governance which are:

• Corporate Governance i.e. conformance;
• Business Governance i.e. performance;
• Accountability i.e. assurance;
• Value creation i.e. resource utilisation

Expanding this discussion to address:

• Integrated risk management and the role of internal audit.
• Aligning Enterprise Governance with your operating environment; one size does not fit all.
• Capabilities and competencies: who should be responsible and accountable.
• Session 2: Managing Risk – Better practices in risk management

Session 2 will outline and discuss the latest better practices in risk management. Specifically, the following will be covered:

• The value proposition for risk management.
• The fundamentals and key principles for successful risk management.
• A common language – definitions & terminology.
• How Strategy, People, Process and Technology work together to manage risk and deliver organisational success.
• Business Resilience - managing a crisis.
• Risk governance (structure, policies, supervision).
• Risk culture (philosophy, appetite, limits).
• Risk management process (identification, assessment, monitoring, reporting).

The understanding gained from this session will provide the basis for determining whether your organisation has an effective framework and program in place to manage its risks.

• Session 3: Organisational behaviour and performance management

Session 3 will examine organisational behaviour and performance management in detail. Specifically, the following will be covered:

• Culture (the psychology of behaviour) – understanding organisational culture and how people make decisions is an important dimension in managing and mitigating the risks that may impact on the success of an organisation.
• Organisational change and the risk of uncertainty and the capacity of an organisation to successfully drive change.
• Risk management benchmarking – a starting point.
• Business analytics, including key risk indicators (KRIs) – how to ensure that the right measures are being used to drive organisational success.
• Understanding the linkage between quantitative and qualitative dimensions of risk management.

ANDREW BISSETT is Commercially focused Risk professional with extensive experience in Enterprise Risk Management, Group Policy Frameworks and Corporate Governance.

Highly skilled in internal audit, controls design and assessment, shared services, project management, procurement and contract management, finance and accounting, and information technology.

Solid track record in successfully delivering change within multi national organisations. Known for possessing a strategic mindset, delivery focused while remaining adaptable in approach.