As part of our primary goals to improve risk management in the financial services sector through enterprise risk management (ERM) education and training, we have recently undertaken a comprehensive initiative to develop a high level “ERM Roadmap” that will serve as the overarching framework for organizing all of our ongoing education and training activities.
Please arrive 10 minutes before the start time so the modules can start promptly when scheduled. Thank You.
The program comprises of 7 learning modules, this event will offer two of those seven modules.
Module 7 - Risk Culture
The Risk Culture Module is part of the 7 learning modules in GRI's ERM Framework Program. GRI defines risk culture as the “values, systems and behaviours that direct a financial institutions risk taking behaviours”. This module explores each of these elements in detail and applies these insights to identify “nine hallmarks” of a strong risk culture, along with some recommendations as to how these might be identified and levered in practice.
Module 2 - Risk Identification
A complete and thorough risk identification process is a key component of the Enterprise Risk Management framework, for it is here that the organization completes a business by business, risk category by risk category, review of its business operations in order to complete an inventory of all material risks across the firm.
In this workshop we summarize the importance of including regulatory expectations, the risk inventory process, managing residual risk and assessing emerging risks that could impact the firm in the future. The key being to develop a risk identification process that is not a “tick the box” exercise, but is an active process that is directly linked to key controls across the institution.