Take Charge of Value Creation in Your Organisation
Enterprise Risk Management (ERM) is everyone’s responsibility. Whilst senior management tends to understand this statement, there tends to be some confusion over it at middle and more junior management levels. As a certified Enterprise Risk Advisor, you will be able to take on more responsibilities in your organisation in the area of risk management. You will also have the practical know-how to support the strategic objectives of your organisation through the implementation of ERM.
The ERA® certification builds on the ERT® (Enterprise Risk Technician) program and provides intermediate-level knowledge for those seeking to deepen their expertise in ERM in a holistic way.
- Delivery method : In-person, virtual training
- Duration : 4 modules over 4 Days
- CPE hours : 32 hours
To become fully certified, participants will have 3 years to complete all training modules. Registration for individual training modules is also available.
Evaluating Risk and Internal Controls (12 July 2023)
This module encompasses a detailed examination into RCSA options, approaches andmethodologies including their purpose and design, tools, and their fit into an ERM framework.The content encapsulates a practical approach to implementing RCSAs, its fit into, and use as, a critical ORM tool as well as its critical stakeholders. Participants will be taken through a detailed case study and exercise over a complete RCSA lifecycle and will be given the opportunity of practicing their new skills via a mini RCSA practical workshop.
The module also takes participants through various Internal Control models and frameworks, including elements of COSO’s internal control framework – and their limitations. Participants will also be exposed to the linkages between RCSA, Internal Control frameworks and best practice governance recommendations and practices, as well as Corporate Governance codes and principles.
Corporate Governance (11 July 2023)
There are many existing definitions of Corporate Governance (“CG”) and best practice guidelines vary from one international region to another. This program is designed to provide participants with a solid fundamental understanding of the origins, principles, development and current status of CG and CG standards. As a developing ERM practitioner, this program will help you gain the necessary skills and knowledge to utilise and move CG from value preservation activities towards value enhancement activities, principles, processes and concepts in relation to ERM. Participants will be instructed in how the concepts and basics of CG developed, as well as the roles of the various bodies and organisations key in its evolution, application and enforcement. The program includes instruction in effective CG drivers and how to establish, assess, improve and monitor effective CG programs in your organisation. The course provides participants with an overview of CG, its relevance to GRC concepts and how to achieve results through effective implementation of all of the above.
Establishing a Cybersecurity Framework (21 June 2023)
In this age of increasing cybersecurity threats, what is required is a prioritized, flexible, repeatable, performance based, andcost-effective approach. The program teaches a flexible way to address cybersecurity, including cybersecurity’s effect on physical, cyber, and people dimensions. This includes information security measures and controls – especially over critical infrastructure- to help organisations identify, assess, and manage cyber risks. Management and risk managers should focus onusing business drivers to guide cybersecurity activities and considering cybersecurity risks as part of the organization’s riskmanagement processes. This can assist organizations in addressing cybersecurity as it affects, amongst others, the privacy of customers, employees, and other parties. At the core of this program is a set of cybersecurity activities, outcomes, and informative references
that are common across sectors and critical infrastructure which organisations should bear in mind. Organizations can determine activities that are important to critical service delivery and can prioritize investments to maximize the impact of each dollar spent. The Framework taught enables organizations – regardless of size, degree of cybersecurity risk, or cybersecurity sophistication – to apply the principles and best practices of risk management to improving security and resilience.
Enterprise Risk Management (10 July 2023)
Anyone involved in ERM or embarking on a career in ERM must have a sound practical grounding in the theories and practices of ERM – and its linkages to other relevant and associated disciplines, standards (e.g. BCM), and practices such as GRC, ESG, Anti bribery and corruption, etc. When implemented and utilised properly, ERM can become a driver for Commercial Sustainability as well as Organisational Agility and Resilience. This program coaches participants in how to achieve all of this. The module explains and re-emphasises the fundamentals of ERM, and shows how it can be utilised to drive strategy, performance, and the linkages to corporate governance and internal controls – and how to achieve all of this via a systematic, holistic and structured approach as well as the role and importance of culture in all of the above. Participants will also be taught how to apply strategic risk management concepts to enhance decision making processes and to add value to the business.
ERA® 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 years relevant working experience OR a non-degree holder with at least 5 years relevant working experience
- Internal Audit and Assurance professionals
- C-Level executives and head of departments who are decision-makers in their organisations
- Risk management professionals
- Non-risk management professionals working in Corporate Planning, Strategy, Governance, Compliance, Operations, Investment, Treasury, Product Development, Regulators, Legal, Quality, Environmental Health & Safety, Project Management, Insurance, Underwriting, and other related areas.
To become fully certified, participants will be assessed based on the following criteria:
- Attendance and participation in class
- Multiple choice examination
Who are the instructors?
All our faculty are practitioners with relevant 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?
4 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.