Risk Management for the Digital Era
Digitisation is increasingly being elevated to top of the agenda in many organisations to maintain their competitive edge in today’s business landscape. To truly understand the implications of adopting new technology or innovations, and ultimately to ensure the success and efficacy of such critical initiatives, the importance of risk management cannot be overstated.
The IERP’s professional certification on Digital Risk Manager is a first-of-its-kind, unique programme every risk professional needs to aid their journey in revolutionising and rejuvenating the risk function for the digital era. Understand how the nature of risk and the role of risk management will evolve in the binary world, and learn to assess the current risk management process as well as identify/prioritise areas for digitisation.
With guidance from international and experienced ERM practitioners, participants will be coached on how to evaluate the organisation’s needs and preparedness for managing risk digitally, and how to craft the best approach to move forward successfully and with appropriate focus and resolve. We will give you the know-how you need to achieve digital progress for the company whilst at the same time upholding the basic fundamentals of enterprise risk management and positioning the organisation for success in the digital era.
To become fully certified, participants will have 3 years to complete all training modules. Registration for individual training modules is also available.
Digital Risk Management and Disruption
In the 21st century, we have witnessed disruptions increasing in magnitude, velocity and frequency – largely driven by unprecedented rates of technological advancement and innovation. If this was not enough to provide the impetus for organisations to start to proactively manage disruption risks, we are today standing on the cusp of a “new normal” brought on by the devastating Covid-19 pandemic that will certainly bring about a tsunami of transformations to the business landscape.
This module on Digital Risk Management & Disruption has been designed by international and experienced ERM practitioners to help risk professionals work with the tides of change and prevent the waves of disruption from washing away the organisation’s success. Participants will be equipped with the skills and knowledge necessary to proactively embrace and plan for disruption – digital disruption in particular – using tried and tested ERM methodologies & principles that are relevant, based on international best practice, and tailored to suit today’s transformed and highly-digitised world. Participants will also be exposed to the novel concepts of digital risk management as well as digitised risk management and its viability in keeping risk management in the organisation robust and efficient, befitting current and emerging needs in a digital environment and ecosystem.
Mechanics of CyberSecurity
The content of the Mechanics of Cybersecurity module has been designed to enable risk managers and business leaders to develop a practical and effective view of the organisation’s cyber risk appetite – one that’s proactive and holistically ties operational risks, strategic risk, cyber risk and enterprise risk for optimal resource allocation & investment. This module also aims to aid participants to effectively understand critical cybersecurity concepts and deal with relevant cybersecurity frameworks, governance and policies from a practical perspective.
Participants will also be skilled on how to develop a robust cyber management, control and evaluation framework that will allow their cyber security framework to stay relevant and ahead of constant technological evolution and innovation. Experienced board directors and ERM practitioners will be on hand to offer practical guidance on how to effectively obtain buy-in & commitment from management to drive an organisation culture that’s truly resilient against cyber threats. This will result in the company being better positioned to realise continued growth in value creation activities whilst minimising potential exposure to potentially calamitous virtual threats.
Enterprise Risk Management
This module on Enterprise Risk Management is designed to be a 2-pronged approach for effective risk management in the 21st century. Participants will firstly be exposed to, and familiarised with, the concepts, fundamentals, methodologies and tools of ERM as a holistic risk management approach which protects as well as creates value. Thereafter, we will be deep-diving into the why’s and how’s of making ERM solutions relevant and pertinent to keep pace with rapid advances (such as digital, cloud, mobile/remote tech, big-data analytics, exponential growth in computing powers, etc.) and the wealth of new possibilities and opportunities they bring.
Obtain tips and practical insights from experienced international ERM practitioners on how to successfully make the case for upgrading an analogue approach to risk management to one that works in a digital world, leveraging on the holistic & forward-looking concepts of ERM. This approach will enable management to practically and effectively link ERM to strategy, decision making and performance and face the 21st century’s business landscape confidently and successfully.
DRM™ Graduates of 2020
Only applicable to those seeking a full certification. There are no eligibility requirements for individual modules.
A degree-holder (or its equivalent, and above) with at least 1.5 or 2 years working experience relevant working experience OR a non-degree holder with at least 7 years relevant working experience
- C-level Executives, Senior Managers, Managers, Senior Executives, and Executives of:Enterprise Risk Management / Risk Management | Strategy | Corporate Planning | CEO/CEO’s office | Internal Audit | Compliance | Internal Control | IT Audit | Information Technology | etc..
- Anyone interested in recent risk management issues and how best to manage risk.
To become fully certified, participants will be assessed based on the following criteria:
- Multiple choice examination
The DRM Certificate will be awarded to participants after the announcement of the assessment result.
Who are the instructors?
All our faculty are practitioners with relevant Islamic risk management and BCM experience, averaging over 30 years of working experience each and with most of their last positions being C-Level executives in large national and multi-national corporations. Some hold Board Directorships and chair Board Committees such as Board Risk, Board Audit, and Board Investment Committees.
How many modules are there in this programme?
3 modules over 4 days
What is the time limit for me to finish this programme if I can’t attend all the modules within one year?
Maximum 3 years
Can I attend the certification program in other country?
Yes, however, you will have to pay whatever fee applicable in that country. And you will have to pay the travel, accommodation and subsistence yourself.
What will I get after taking this certification course?
- Enhances your professional credibility
- Gives you confidence that you have “passed through the chairs” and proof of ability
- Extends your knowledge and skills, preparing you for more job responsibilities
- Enriches self-image and reputation among peers
- Improves career opportunities-promotion, pay increases, job portability
- Establishes you as a continuous learner who believes in continuous professional development
- Gives you an edge over your competition in the eye of your potential employers
- Plugs you into a new network of like-minded risk professionals “club”
In addition, you will receive instant recognition that you have achieved the minimum standard of competency as a certified and qualified enterprise risk manager. Organizations have also started approaching the Institute to source for risk managers – which is one of the services that the Institute offers to corporate members of the Institute.