How to Implement and Manage an Effective Enterprise Risk Management System
Certified Master Enterprise Risk Management Specialist (CERMS)™ Training Course
(CMERMS) training course is a practical hands-on training designed for more experienced and advanced managers, professionals, consultants, internal and external auditors that deal with the complexities of enterprise wide risk management function on a daily basis.
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How to Implement and Manage an ERM Programme
The CMERMS is designed to take your expertise beyond the basic understanding of enterprise risk and how it should be implemented and managed in the real world.
This training builds on the basic theory of ERM (from, for example, our Enterprise Risk Management training course) and explores the subject to a much greater degree of depth as regards to current ERM methodologies and the setting of risk management boundaries.
The CMERMS training is exceptionally rich in detailed exercises with a high degree of realism applicable to current business and risk management practices.
These exercises are at a practical level with a level of depth intended to test your existing and expanded risk management knowledge and expertise.
On a practical level the course takes a detailed look, through Case Studies, at the ERM programs at five diverse business enterprises and explores how each of them achieved (or is still achieving) its own ERM objectives.
- ERM Review Session
- What ERM is NOT
- Other ERM Frameworks
- COSO Review Session
- Exploring Risk Appetite and Risk Tolerance
- ERM in Practice – 5 Case Studies
- Case Study 1: A very large industrial equipment dealer with a recent enterprise resource planning (ERP) implementation that went “bad” prompted a rethinking of risk management in the company.
- Case Study 2: A major healthcare provider where the ERM program began small and grew over time. If it’s too detailed and drills down too deeply, you can lose that connection and it doesn’t really translate into executive management decision-making.
- Case Study 3: A mid-size gold-mining company which already had a strong ERM program long before it made revisions to its policies and procedures in 2012. Having the process formalized helps with the communication with the directors and the investment community. The risks the company identifies through its process are integrated into the highest level of management decisions as well as day-to-day operations at the site level.
- Case Study 4: A major automotive company where ERM is firmly anchored into the strategic planning process. Since 2007, the company’s ERM initiative is “owned” by the VP of Strategy. That the vice-president of strategy “owns” ERM is unusual – we look at the rationale for this given today’s realities.
- Case Study 5: The US subsidiary of a major Swiss insurance giant has a long ERM tradition that shows what best ERM practice ultimately may look like.
- COSO & ISO – A Comparison
- Three Lines of Defense
*OPTIONAL: CMERMS ™ Exam (via Online): Certification exam is optional. Only if you want to get certified do you need to take the exam. Duration: 90 minutes.
DOWNLOAD the course booklet for the detailed course curriculum.
Who Will Benefit
You should have attended (successfully completed) the Enterprise Risk Management or Certified Enterprise Risk Management Specialist course or a similar course.
If you have little to no prior ERM knowledge/experience, you should consider the Certified Enterprise Risk Mgt Specialist (CERMS) training first.
have prior understanding and knowledge of the requirements needed to design and implement an appropriate Enterprise Risk Management system, i.e. policies, procedures, practices, and accountability, required to establish the right levels of Risk Management in compliance with current standards and other requirements for their organizations is a necessity.
Here’s what past alumni say about this Enterprise Risk Management course:
“Very authoritative & knowledgable. His expertise helped me enhance my knowledge on ERM.” – D.R., Tata Steel
“Easy to understand w/ concrete examples.” – T.B., Sarana Multi Infrastructure
“Richard deliver and gave a very clear explanation. Bring ERM concept ‘down to earth’.” – R.E., Sarana Multi Infrastructure
“Well organized course and nice case studies.” – C.K., Risk Management Specialist, Donggi Senoro, Indonesia
“Great speaker. Very Knowledgeable.” – R.S., Bank Muscat
“Very good and Knowledgeable Instructor.” – A.J., Kuwait Aviation Fuelling Company
“Very accurate & concise. The presenter was very personable…Very well organised & conducted.” – H.M., Head of Internal Audit, Engro Foods, Pakistan
“Richard has capability or even a gift^^to explain realy clear and pointed every important / key roles of ERM. Makes it easy to understand.” – H.S., Bank Mandiri
“Richard presents himself as a very knowledgeable and resourceful speaker. Material was given in a very clear and concise.” – P.A., Bank Mandiri
“Very effective delivery in respect of content & participatory nature.” – U.D., Union Assurance
“After attending this course: I have a clear idea of what I need to do; More importantly, the ERM as a tool is clearly more important to the success of an enterprise than I though before attending the course!” – O.G., Union Assurance
“Informative, give more insight & presented nicely.” – A.A., PT. SMI
“Very informative course, delivery was very good.” – J.R., Tatweer Petroleum
“The speaker is very good at explaining the ERM concept & the test case.” – M.E., PT. Sarana Multi-Infrastructure
“Richard is one of the best speakers I ever had in short course. Full of fun & energy.” – S.L.
Reviews for the Self-Study Online Version:
“Although this was my first experience studying online, it showed me that technology plays an important role in the transfer of knowledge.
Secondly, this online presentation by Ethan Hathaway goes the extra mile of presenting Case studies which helped greatly in understanding the basic application and benefits of implementing Enterprise Risk Management (ERM) across an entity.
These studies allowed me as a participant to gain a clear vision to identify the advantages of a of implementing a well structured Enterprise Risk Management(ERM) process and point out deficiencies in a poorly structured risk management process. Furthermore, the pace of the presentation was excellent.” – W.J., Assistant Head, Management Information System
What You Receive
All ONLINE courses include:
Sneak Peak Inside the Online Learning Portal
Have a look inside the online learning portal to get an idea of what it’s like.
Online Cohort-Based Sessions (*subject to availability) also include:
If you successfully complete the Certification Exam, you also receive:
Why Ethan Hathaway
There are LOTS of training providers in the market, so why choose Ethan Hathaway?
Ethan Hathaway has established itself as a reputable training partner for over 16+ years to top companies all over the world.
Our philosophy is to make YOU as valuable as can be both in your career and your employer.
For Individual learning at your own pace.
Online Cohort with Instructor
Includes online self-study course + scheduled Instructor Q&A sessions
In-House Customized / Bespoke
Either schedule a private in-house delivery and/or customize the content to your specific needs.