Learn the key pieces needed before embarking on enterprise risk assessment.
How much risk do we have, what types of risk do we have, where is that risk, and how is it trending? These are questions organizations must ask themselves while at the same time asking, 'Will we achieve our strategic objectives?' Enterprise Risk Management is here to address these questions. Many organizations are implementing ERM for the first time but are struggling with how to implement ERM since it is a less mature discipline. This presentation will help the persons responsible for Enterprise Risk Management learn the steps to effective implementation. The topic explains the key pieces that need to be in place before embarking on the first risk assessment. Failing to have the right elements in place at the right time can lead to setbacks and wasted resources. This presentation is critical to anyone seeking to implement an Enterprise Risk Management program.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Step 1: What Are We Implementing?
- Shared Vision for Your Enterprise Risk Management Program
- Risk-Centric and Objective-Centric ERM
- What Risk Management Capabilities Already Exist?
Step 2: Governance and Foundational Elements
- Establish ERM Governance
- Implement Foundational Elements of ERM
Step 3: Enterprise Risk Assessment
- Build/Customize Your ERA Tools
- Build and Communicate the Process
- Conduct the ERA and Report Results
Step 4: Key Risk Indicators
- Inventory Key Risks and Existing Metrics
- Create New KRIs Where Necessary
- Report Results
Step 5: Additional ERM Activities
- Risk Appetite
- Emerging Risk
- Risk Culture
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 29, 2022.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.2
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 69 Minutes.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.25
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.25 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David Seibert
David Seibert Consulting
- Founder and Chief Risk Officer at David Seibert Consulting
- Enterprise Risk Management consultant, advisor, and coach
- ERM training provided to boards, executives, committees, and risk management leaders
- Independent ERM expert on board risk management committees
- Speaker at RIMS events (Risk and Insurance Management Society), ACUIA (Association of Credit Union Internal Auditors), local colleges, trade association events, and information security conferences
- Host of weekly podcast ERM Perspectives https://www.davidseibertconsulting.com/podcasts/erm-perspectives
- M.B.A. in finance and economics, Carlson School of Management, University of Minnesota
- Can be contacted at [email protected], https://www.linkedin.com/in/davidseibert/, or https://www.davidseibertconsulting.com
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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