| Overview & Benefits of the ERM Program |
The Enterprise Risk Manager (ERMTM) designation is awarded by the Asian Risk Management Institute (ARiMI) in association with National University of Singapore (NUS) who is awarding a Professional Diploma in Enterprise Risk Planning and Management. The ERM programme provide a comprehensive and structured learning path with 2 essential groups of objectives:
- Objective 1: To lay the strong foundations for a comprehensive knowledge in Risk Management and master the Risk Decision-Making process. (also see the CPRM program on a more limited scope)
- Objective 2: To Build a comprehensive Enterprise-wide perspective on on key risks, compliance, governance issues and develop in the participants the skill to implement ERM effectivelly.
The whole programme is designed to meet the most demanding needs of a wide range of Risk Management Professionals by delivering a integrated, cross-disciplinary understanding of key risk management issues and to equip decision-makers with methodologies, tools and
best-practices applicable regardless of industry backgrounds. These are
essential for an organization’s survival and growth in an
increasingly complex and volatile business environment.
Click below to explore more the benefits of the program:
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Who Would Benefit most and should join the program
With its holistic perspective on risk management as a decision-making process, the programme is targeted at middle to senior managers from all industry sectors and functions who are concerned with the challenge of making important decisions
in an uncertain environment and who need to understand how risk will
influence their ability to deliver positive results and be successful
in their organization.
The programme is also suited for any
individual who has a professional interest in becoming proficient in
enterprise risk management and wishes to further his/her career
development into the field of risk management.
The following groups of people will find this program particularly beneficial:
- Senior Risk Managers/Directors/CROs
- Insurance Managers, Brokers, Underwriters
- Internal Auditors, Managers and Accountants
- Public Sector Officers and Government Officers
- Change Managers and HR Managers
- Legal Professionals
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What are the Benefits for YOU?
The programme is designed to advance your professional development, and will enable you to:
- Gain new knowledge and build an in-depth understanding of Enterprise Risk Management most recent and effective tools and methodologies. the program is the most comprehensive available in Asia both in scope and depth.
- Learn how to turn your new knowledge into practical skills to improve immediately your effectiveness and performance at work thank to an innovative learning format.
- Enhance your leadership and risk decision-making skills by learning how to make the right decisions for important and difficult business/operational issues positively influencing organizational results.
- Build your network with a peers group of risk professionals from a wide range of industries and learn from direct industry experience in managing Risks.
- Gain a professional title recognizing your new knowledge & skills to build a successful career as an Expert in the new growth area of Risk Management.
- Leverage your new knowledge & skills to gain a competitive edge over your peers and enhance your career advancement opportunities.
- Learn & Work at the same time as the program give you some flexibility to arrange your learning pace effectively.
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What are the Benefits for Your Organization?
Risk Management is now on the Board of Directors 'To Do List!' As illustrated by new codes of corporate governance from all over the world including the Code of Corporate Governance 2005 issued
by the Council on Corporate Disclosure and Governance which states
under
Guideline 12.2 that, “The board should comment and provide assurance on the
adequacy of … risk management systems..."
An Enterprise Risk Manager - ERMTM is well equipped to lead your organization through the Enterprise Risk Management journey, having learned the methodology and tools to deal effectively with both strategic and operational risks. |
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In summary, your organization will also gain from the following:
- Having 'In House' experts really able to apply Risk Management principles and tools effectively in
your organization and Drive the ERM implementation journey successfully.
- Increase your stakeholders confidence in your Risk Management experience and capabilities.
- Reduce waste and enhance operational efficiency with improved risk-based processes and control systems coupled with the development of a risk aware culture.
- Improve ERM's contribution to your organization's performance by optimizing the overall strategic and operational risks/return balance.
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| Program Structure & Contents |
The the ERMTM & Professional Diploma Programme intergrates Enterprise Risk Management most recent and effective tools and methodologies covering all risk areas. The Truly Holistic approach to Risk Managementis of the ERMTM program is UNIQUE in Asia (as other programs tend to focus on financial risk management). Furthermore the basis of the program is a strong problem-solving approach emphasizing practical applications by using experiential learning methods and real-life business case studies. The programme provide a comprehensive and structured learning path both in scope and depth (as you will see from the list of modules below) consisting of:
- Core
certificate modules laying strong foundations for a comprehensive knowledge in Risk
Management Decision-Making process,
- Core diploma modules building an Enterprise wide perspective of key risk, compliance, governance issues and
- Elective modules covering and deepening specific areas
of interests.
Scroll below to see the detailed list of modules covered in the program and use your mouse to move over the names of the various modules to get more information on the contents.
CORE CERTIFICATE MODULES
CCM 1 - Essential of Enterprise Risk Management: Buidling the foundations for ERM
CCM 1 Creating Value with Enterprise Risk Management
A Roadmap to understand the reasons for the emergence, the current scope & purpose of Enterprise-Wide Risk Management Principles, Methodologies and Tools. The module covers the definitions of risk; risk maturity model; role function and benefits of risk management; Corporate Governance; Stakeholders; the risk management models in use around the world and how to implement them successfully!
CCM 2 to 6 - Mastering the Key Steps of the Risk Management Process
CCM 2 Risk Diagnostic: Corporate Risk Mapping For Strategic & Operational Planning
Do the Right Diagnostic! Identify and Assess Risks to Optimize and Leverage on Opportunities while minimizing threats. Learn methods available for the effective identification and assessment of risk in relation to the key business/operational objectives/processes. Development of effective risk registers and maps to visualize risk profiles, rank risks and chart decision paths.
CCM 3 Risk Solutions 1: Risk Control Techniques to protect your organization Effectively
Learn the Key Risk Controls Techniques to Protect Your Tangible and Intangible Assets. How and when to select and apply the right risk control measures. Typical mistakes and selecting and implementing less effective control measures. Importance of understanding the concept of acceptable risk / risk tolerance.
CCM4 - Risk Solutions 2: Insurance, ART and other techniques to finance Risks Effectively
Learn the Key Risk Financing Techniques to Protect Your organization. How and when to select and apply the right risk financing measures. Typical mistakes and selecting and implementing less effective transfer mechanisms. How to analyze carefully the pros and cons associated with the financing techniques of transfer, retention and insurance in line the risk appetite of the organization.
CCM 5 Risk Solutions 3: Business Continuity & Crisis Management Preparedness
Get Ready! Avert, Prepare For & Recover From Any Crisis. What is a Crisis? And how does it relate to risk management? The critical need for contingency planning and preparedness; the crisis and business continuity lifecycle; key steps in the development of Crisis and Business Continuity plans.
CCM 6 - Risk Monitoring & Reporting: Risk Dashboard and Effective KRIs
This module explore the dynamic strategic/operational processes that are critical for an effective risk control system and explain how they can be explicitly structured and monitored using a series of reports and Key Risk Indicators (KRIs) for timely distribution to those who need them to make the right decisions.
CORE DIPLOMA MODULES
CDM 1 to 3 - Risk, Organization & Leadership
CDM 1 - Corporate Governance: Strategy, Compliance and Risk Management
The New code of Conduct for Managing Risk in Organisation. How to identify the risk and compliance issues that have the most significance for you and how to integrate and leverage a compliance management programme within the ERM system of your organization.
CDM 2 - Leading Corporate Transformation: Risk, Information and Change Management
Learn how to initiate changes and design an organizational system that best leverage the value of your business model by managing your people like Value Creating Assets while minimizing the Risks of something going wrong. Learn to apply the key principles of corporate transformation to ensure the long-term survival of your organization.
CDM 3 - Corporate Equity: Strategic Risk Communication and Reputation Management
Harness the Power of Mental Models, Perception about Risks Issues to Make Better Decisions and Influence your stakeholders. Understand Factors influencing perception of risk; learn techniques for measuring perception; key principles for communicating on risk. How to build trust and develop/protect a lasting positive Reputation as a key source of competitive advantage.
ELECTIVE DIPLOMA MODULES
IMPORTANT: for the Diploma program, you have to select 2 groups of electives out of the 4 groups listed below.
Elective Modules (EM): Group I - Statistical & Quatitative Approach To
Risk Management
Elective Modules (EM): Group II - Key areas of practice for Risk Management
Elective Modules (EM): Group III - Key areas of practice for Risk Management
Elective Modules (EM): Group IV - Implementing Enterprise Risk Management
EDM 1 Data Analysis for Risk Forecasting and Management
The power of Forecasting and statistical analysis for risk decisions. Learn statistical methods available for the effective analysis of risk issues in relation to the key business/operational objectives/processes of an organization.
EDM 2 Advanced Enterprise Risk modeling and simulation for effective Decision-making
Get Equipped with the right tools for the Challenges of an uncertain and complex World. Learn qualitative and quantitative techniques available for the effective assessment of risk including risk trees, Monte Carlo simulation, flowcharts, game theory and risk profiling techniques.
EDM 3 Best Practices for Effective Project Risk Management
Identify the impact of uncertainty on projects, how to communicate realistic project forecasts and how to allocate resources effectively by managing Risks dynamically not only to protect but also to derive more value from projects. Learn how to make managerial decisions by estimating and analyzing cash flows likely to be generated by alternatives projects, with a careful analysis of the risk/return balance.
EDM 4 Leveraging Your Human Capital with Risk Management
Learn how to get the best from your people by managing them like Value Creating Assets while minimizing the Risks. Learn how to map social networks and analyze how information flows and power relationships will influence the perception of risk and the decisions made.
EDM 5 - Best Practices for Effective Risk-Based Internal Audit
This leading-edge and interactive module is designed to help you better understand the use of risk assessment, risk management methods and technique to set priorities in both design and execution of audit activities.
EDM 6 - Business Ethics & Fraud Risk Management
Fraud continues to make news headlines all over the world affecting small to major organizations alike. This practical module will provide you with the most up date current methodologies and best practices effective against fraud.
EDM7 Risk Champions Masterclass: Implementing ERM successfully
Implementing ERM is no simple undertaking and requires continuous sustained effort. Recognizing at the outset that with ERM, the organization is undertaking a major cultural change by moving away from a silo risk approach to a more integrated and corporate wide one, it is critical to have to right people leading the way effectively. This module will train Risk Champions how to deal effectively with all the critical factors affecting the ERM implementation.
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| Programme Assessment: The Learning path |
1 - Comprehensive ERMTM & Professional Diploma:
Candidates can opt for a completing first the foundational professional certificate level and develop strong knowledge on how to effectively manage risks by mastering the Risk Management Decisions Process before moving on to the diploma level. But Candidates interested in a truly holistic and enterprise wide perspective on risk management and
how practical implementations to create more value in your organization are advised to take up and progress directly to the Professional Diploma level. Candidates seeking accreditation are required to:
- Attend all five core certificate modules (CCM1 to CCM6) - 9 days
- Attend all three core diploma modules (CDM1 to CDM3) - 3 days
- Attend 2 groups of Elective Modules (EM1 to 8) – 4 days
- Pass successfully the required exams
- Conduct a Practical Dissertation/Field Study
Diploma Examination process
1 - The Sit-in exam consists of Forty Five questions (multiple-choice) and is administered onsite at the Asian Risk Management Institute. The time allotted is one hour.
2 - The Dissertation/Field Study consists of 8,000 word practical assignment where participants will have to undertake a a field work within their organization using the methodologies and tools learned during the program to solve current issues and demonstrate a real understanding. The completed dissertation/field work must be submitted to the Asian Risk Management Institute for grading within 6 months after the last elective modules. Particpants will benefit from a coaching program to support them during the preparation of the field work.
While the program normally runs over 4 months, thanks to the MODULAR structure of the program, candidates seeking accreditation and who wish to have more time flexibility to combine work and learning can at registration time plan to attend all core and elective modules over a 2 cycles period. Then they will have another 6 months to conduct the dissertation/Field Study and submit it to the institute. Hence, the professional Diploma provides you the flexibility to be completed gradually over a one-year period. Click Here for the Detailled course calendar.
Programme Award: Get Certified and obtain a Recognized Degree for a top university in Asia
Upon completion of the requirements for the Diploma Level i.e. modules attendance, electives, Project/dissertation & exam, candidates will be awarded the professional designation and a Diploma:
- Enterprise Risk Manager (ERMTM) by the Asian Risk Management Institute
- Professional Diploma in Enterprise Risk Planning and Management by NUS Extension
For Professional Development:
Professionals who have an interest in Risk Management and/or want to
acquire risk management skills as part of their career development can
take any combination of modules they are interested in. They will
receive a certificate of participation from NUS Extension for the
modules attended.
For a personalized consultation, please contact marketing@arimi.org.
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| Training Method, Formats and Trainers |
We recognise that people react to different learning styles, we combine an array of "blended learning" to deliver a professional development experience suited to your needs.
As we want to ensure that you DO build the necessary practical knoeledge and skills, all course modules are conducted using a unique workshop format that fosters
interaction, knowledge sharing and experiential learning. It involves a
balanced mix of:
- fondamental lectures with effective supporting materials;
- interactive case presentations;
- group discussions and sharing of experience;
- problem-solving exercises including computer aided workshops;
- action learning with case simulations with 'role plays'.
All with a clear focus on real Risk Management issues in an
Asian context.
| Expert Program Faculty |
For this program, you will learn from ARiMI top Master Trainers: Marc Ronez and Er Jwee Ping. There are both highly credentialed practitioners, scholars, skilled educators, groundbreaking researchers, and entrepreneurs. They will bring to the participants a wealth of knowledge and experience that will be very useful in the work of the participants. For more information click on the name of the faculty below:
Marc Ronez, Lead Master Trainer
Dr Er Jwee Ping, Master Trainer |
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FLEXIBLE Learning to combine Work & Study
ERM Professional Diploma programme has been specifically designed for busy professionals. The program also follow a UNIQUE experiential Learning format that ensure you can internalise and apply in your work the knowledge acquired.
Furthermore the program schedule gives you a maximum level flexibility in organizing your learning pace. All the modules run over a 5 months period. The full program is repeating 3 times (cycles) per year thus each module is running 3 times a year. Hence, its modular approach give participants the flexibility to learn and work effectively at the same time by spreading the modules required for the program over a few quarters. Participants who are tied up with workload and need time flexibility may on registration plan to attend attend all core and elective modules over a 2 cycles period.
Click le link to see the detailled Course Modules Calendar for the next 6 months to explore how you could arrange your learning pace.
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The dates for the ENTERPRISE RISK MANAGER (ERMTM)
course modules over the next 2 Trimesters are as follows:
| 3 rd Trimester 2010 - Session AX17 |
Certifcate Core Modules 1 to 3 - Oct 4-8
Certifcate Core Modules 4 to 6 - Nov 8-11
Diploma Core Modules 1 to 3 - Dec 6 - 8
Elective Modules Group 1 - Jan 2011 (TBA)
Elective Modules Group 2 - Jan 2011 (TBA)
Elective Modules Group 3 - Feb 2011 (TBA)
Elective Modules Group 4 - Feb 2011 (TBA)
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| 1 st Trimester 2011 - Session AX18 |
Certifcate Core Modules 1 to 2 - TBA
Certifcate Core Modules 3 to 6 - TBA
Diploma Core Modules 1 to 3 - TBA
Elective Modules Group 1 - TBA
Elective Modules Group 2 - TBA
Elective Modules Group 3 - TBA
Elective Modules Group 4 - TBA |
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FLEXIBLE LEARNING PACE to Balance Learning and Working effectively:
Once you sign up for the program, you will be register in the quarter and group joined at the time of registration (each group has name AX followed by a number refering to the session you are currently joining). While it is more logical and we encourage you the follow the modules in sequence, we understand that the busy managers joining the program may have some time constraints and find it difficult to follow the sequence. This is not a problem as the program modular approach allow you to spread the modules you are required to attend for the program over a 2 cycles without the need of following any specific sequence. This give you the maximum flexibility to combine learning and working effectively at the same time.
Click the following link to see the Detailed modules calendar for the next 6 months and explore how to arrange your learning pace effectively.
CONVENIENT CENTRAL LOCATION at the Heart of Singapore
Click here to see Location Map: All classes are conducted at ARiMI @ NUS Ext campus at Park Mall
[9 Penang Road, #12-01, Park Mall (opposite Dhoby Ghaut MRT), Tel: (+65) 6338 8400]
Convenient Central Location
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Programme Fees
The programme fees consist of
a) Course Fees &
b) Exam Fee
Sign up early to reserve your place!
See details below :
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| 1 - Comprehensive ERM & Professional Diploma Programme |
| (16 days - CPRM + Diploma Core Modules & 2 groups of Electives) |
Course Fee |
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From
1 June 08 |
Course Fees including GST 7%
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SGD 7,885.00 |
Exam Fee
(nett, GST not charged)
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SGD 450 |
Course Fees for both Normal and Comprehensive programmes include
- Course contents guides and instructional materials for future reference
- Templates of key risk management tools
- Interaction with risk management peers
- Coffee breaks during workshop days
- Semi-annual networking events to meet peers from previous batches
- Complimentary 1-year membership to the Asian Risk Management Society (alumni association)
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INCLUDED in Course Fees |
The comprehensive ERM/Diploma Programme is essentially 15 full days of interactive workshops
packed with knowledge, tools, and reference materials at
competitive prices of only about $500+ per day.
GRANTS & DISCOUNTS APPLICABLE:
a) Fee Sponsored by company:
1 - For financial sector organizations: The ERMTMProgram is eligible for funding of 70% of course fee (capped at SGD 5,000) under the FSDF Financial Training Scheme (FTS).
2 - For SMEs: The Course Fee for the ERMTM programme is eligible
for SDF funding.
3 - GROUP DISCOUNTS:
- Special 10% on Course Fees available for 2 participants registering and paying at the same time.
- Special 15% on Course Fees available for 3 participants registering and paying at the same time.
- Special 20% Group discount on Course Fees available for 4 or more participants registering and paying at the same time.
b) Fee paid by participant:
1 - Special 10% discount on Course Fees applicable for NUS Alumni who is NOT sponsored by an organisation.
2 - Special discounts on Course Fees are available for ARiMI Alumni. check with us at marketing@arimi.org
3 - Special discounts on Course Fees applicable can on a case by case be granted to people who are NOT sponsored by an organisation. check with us at marketing@arimi.org
IMPORTANT NOTE: A participant is only eligible for one of the above grants/discounts.
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| Participants Profile & Testimonials |
Particpants are coming from a wide range of industry bringing a wealth of perspectives on critical Risk Management issues and illustrating the critical importance of effective Risk Management for every industry sectors and job funtions. Take this opportunity to build your network with a peers group of risk professionals from a wide range of industries and learn from direct industry experience in managing Risks.
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Testimonials from Past Participants
“This course is very practical and
covers all the key elements of ERM, giving us a comprehensive
exploration of the latest ideas, methodologies, tools and practices
that can help any organization successfully jump-start the
implementation of enterprise risk management successfully.”
Sim Huey Ping, Risk Manager, NTUC Income
“The effective use of interesting
case studies and good reference materials helped me grasp the concepts
quickly and gave me very practical examples of the application of risk
management."
Chua Hwee Leng, Deputy Director - Risk Management, Central Provident Fund Board
“The trainers excelled in facilitating
case discussions and creating a stimulating learning environment which
allowed participants to share experiences effectively.”
Sandra Ong, AVP Risk Management, Singapore Precision Industry (Mint)
“The ERMTM has provided me with the fundamental knowledge, tools and methodologies that are critical for the successful implementation and administration of a robust ERM program. I would highly recommend CPRM fpr all practioners of risk management.”
Alvin Chong, Risk Manager, SingTel - Singapore Telecommunication Ltd
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Act Now! Take this opportunity and Register for the program to reserve your Place! |
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