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Risk Champions Master Class

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RISK CHAMPIONS MASTER CLASS (3-Day)

Leading ERM Projects for Your Organization

ONSITE Fee: SGD 2,785 nett; ONSITE Early Bird Fee: SGD 2,390 nett

LIVE ONLINE Fee: SGD 2,298 nett; LIVE ONLINE Early Bird Fee: SGD 1,838 nett

 

ERM – Enterprise Risk Management – when effectively designed and implemented, has the potential to increase the reliability of operations, build resilience to crises, and foster the conditions for sustainable and profitable performance. However, implementing ERM is a very challenging undertaking and many organizations struggle through the process and fail to achieve any tangible benefits. Their risk management efforts often degenerate into narrow compliance to regulatory rules and end up being nothing more than “box-ticking” exercises.

The purpose of this course is to develop ERM Champions able to drive ERM initiatives and implementation projects from design to integration, with the ultimate goal to improve their organization’s sustainability and capacity for profitable growth.

ONSITE classes are currently put on hold. Classes are conducted LIVE ONLINE on our newly launched ARiMI Learning-Training Management Portal.

MODULES & COURSE DATES

The program comprises 3 workshop modules. It provides a comprehensive and structured learning path covering the entire ERM project from initiation & design to integration and sustainability. Each module is an intensive 7 hours of contact:

Risk CHAMPIONS Master Class Modules
2023 Calendar
RCM1 Designing ERM: Risk Management Frameworks, Systems & Culture 19 September 2023 –
RCM2 Implementing ERM: Systems Change & Nurturing a Risk-Aware Culture 20 September 2023 –
RCM3 Sustaining ERM: Managing Changes, Crises & Business Sustainability 21 September 2023 –

The Risk CHAMPIONS Master Class is an essential preparation step to get your people ready to drive successfully the implementation of ERM in your organization!

KEY LEARNING OBJECTIVES
  • Objective 1: An in-depth understanding of the business, social and regulatory context of key risk management issues that justify the business case for enterprise risk management for any organizations
  • Objective 2: The skills to communicate that business case to various groups of stakeholders while considering the cultural and psychological factors that influence how people make decisions
  • Objective 3: An understanding of the key challenges organizations face when designing and implementing ERM within their organizational system & culture, and the capability to participate and contribute actively to the ERM changes progress
  • Objective 4: The ability to be in the “driver’s seat” and advise directors and senior managers on what needs to be done to improve systems and communicate effectively to minimize resistance and improve adoption rate and speed

TOOL BOX

  • Resistance to ERM change assessment scorecard
  • Take print in a ERM change management simulation exercises
  • How-to procedures/reminders and templates sample
  • ERM Change Management Plan Template
  • Key communication messages samples
  • Key change management strategies and tactics charts

WHO SHOULD JOIN?

This program is targeted at anyone who is involved in ERM implementation projects in their organizations and need to understand how they can contribute positively to the projects and be equipped with the necessary knowledge, methodologies and tools.

WHAT ARE THE BENEFITS FOR YOU?

  • Gain new comprehensive knowledge of enterprise risk management most recent and effective tools and methodologies
  • Pick up Methodologies, Tools and Techniques that can be applied immediately at work to improve your work performance and effectiveness
  • Enhance your leadership and risk decision-making skills by learning how to optimize Risks and Opportunities
  • Build your network with professionals and risk professionals and learn from direct industry experience in managing risks
  • Leverage your new knowledge & skills to gain a competitive edge over your peers and enhance your career advancement opportunities

WHAT ARE THE BENEFITS FOR YOUR ORGANISATION?

  • Having In-House ERM Experts really able to drive the ERM activities and improve your organization’s bottom-line profitability by optimizing the overall strategic and operational risks/return balance
  • Increase your stakeholders confidence in your Risk Management system and people capabilities
  • Reduce waste and enhance operational efficiency with improved risk-based processes and control systems supported by the development of a risk-aware culture

APPLICATION & ADMINISTRATION DETAILS

ELIGIBILITY REQUIREMENTS

Our short courses (workshops and seminars) are open to executives and professionals.

PROGRAM ASSESSMENT

Not required.

CERTIFICATE OF COMPLETION

Only participants who registered for the Risk CHAMPIONS Master Class course, have attended all the required modules, and met all financial obligations to ARiMI will receive Certificate of Completion from ARiMI.

IMPORTANT NOTE: Participants who registered for the ARiMI-CERM™ Program will not be entitled to receive the Certificate of Completion for the RCM modules attended under the ARiMI-CERM™ Program.

CONTINUOUS PROFESSIONAL LEARNING DEVELOPMENT

Within 2 years of completion of the Risk Champions Master Class, you can also further develop toward the Certified Enterprise-wide Risk Manager (ARiMI-CERM™) designation by completing the Risk Professionals Master Class.

ARiMI also offers other Master Classes, Professional Certifications and Specialized Fundamental Certifications for Risk Professionals to answer their most demanding development needs at different stages of their career progressions. For more information, please visit our website at www.arimi.org.

For an overview of ARiMI LECP™ Professional Learning & Competency Framework, click here.

COURSE FEES

Course fees are payable in full, before the program commencement, includes:

  • Workshop/seminar sessions & facilitation
  • Course content guides & instructional materials
  • Templates of key risk management tools
  • Interaction with risk management peers
  • Coffee breaks during workshop days (not applicable to LIVE ONLINE)

ARiMI GRANTS & DISCOUNTS

There are discounts available and ARiMI Grants open for application. Please note that all discount offers CANNOT be combined with any other offers, including ARiMI Grants.

CLICK HERE for Company-Sponsored Registrants
CLICK HERE for Self-Sponsored Registrants

  IMPORTANT NOTE:

  • If Registrant is self-sponsored, payment of fees cannot be made by any company account
  • Registrants are entitled to only one category of discount. All discount offers cannot be combined with any other offers.

Register Now

Your application will only be considered where the ARiMI Admissions Office receives your application fully completed. Upon review, you will be informed via email whether your application has been accepted.

 

 
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INQUIRY?

If after checking through our website, you have any more questions related to ARiMI and our programs, we are here to assist you.

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Risk LEADERS Module – RLM2
Business Ethics, Social Responsibility & Corporate Value Sustainability
Leverage the CSR Agenda to Develop a Moral Code of Conduct to Manage Risks & Create Shared Value

 

Synopsis

In a world where there is no clear moral compass to guide leaders through dilemmas about what is right or wrong when managing Risks and Opportunities. This module explores the complex ethical and social dimensions of business and provides a framework that will help participants make and justify difficult decisions. It further explores how to build a Business Model based on CSR to create shared-value through a positive impact of an organization's activities on the environment, consumers, employees and other stakeholders.

Click here for more information about the module

Risk LEADERS Module – RLM3
Innovation, Change & Project Risk Management
Drive Projects Successfully with Risk Management

 

Synopsis

This information-packed module covers the fundamentals of project risk management. You will learn how to establish and implement a structured approach to forecast, monitor and manage risk factors for projects, large and small. You will also learn how you can communicate effectively and share the responsibility of managing project risks with your team members, customers and management.

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Risk EXPERTS Module – REM1
Risk Assessment & Corporate/Project Value Profile Diagnostic
Risk Assessment Methodologies for Strategic & Operational Risk Mapping

 

Synopsis

Modern organisations are now confronted to an increased level of volatility and complexity in today's global business environment. And to make effective decisions, you will need to conduct a proper diagnostic of the risk profile of your organization. This module will introduce our Value and Risk mapping model, highlights the benefits, and summarizes the method of identifying, analysing risks and developing risk maps. It will also describe several applications, some pretty unconventional, for risk mapping in an organisation.

Click here for more information about the module

Risk EXPERTS Module – REM2
Risk Learning, Communication & Decision Making
A practical Guide to Master Communication of RIsk Information & Enable Effective Risk-Taking

 

Synopsis

This module provides the techniques and training in developing people who can master the art and science of communicating about risks with the various groups of internal and external stakeholders. Thus, proactively anticipates on risk issues and prevent crises or if a crisis is inevitable, to limit and overcome the damage it creates.

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Risk EXPERTS Module – REM3
Risk Control & Business Continuity Management
A Framework to Build Resilient Risk Management Systems & Solutions to Foster Effective Risk-Taking, Mitigation & Monitoring

 

Synopsis

This module provides an understanding on the types of ERM Models that can be designed to deal effectively with the risk issues an organization is exposed to. Participants wil learn the Key Risk Controls to Protect your Tangible and Intangible Assets. This module will guide you through a wide range of risk management strategies/interventions, explains how they work and suggests when they are most appropriate.

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Risk EXPERTS Module – REM4
Risk Financing & Transfer Solutions
How to Finance Risks to Your Business and Operations Effectively through the Use of Capital, Insurance & ART Techniques

 

Synopsis

The module provides a detailed understanding on the wide range and types of losses an organisation is exposed to and the potential financial impacts of those losses. Participants wil learn the Key Risk Financing Techniques to protect the Tangible and Intangible Assets. How and when to select and apply the right financing Techniques and how to analyze carefully the pros and cons associated with the financing techniques of transfer, retention and insurance.

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Risk EXPERTS Module – REM4
KRIs/KPIs Dashboard: Risk Monitoring, Reporting & Improvement
Develop an Effective Key Risk Indicators (KRIs) Dashboard to Measure, Monitor & Improve Organisational Performance in Managing Risks.

 

Synopsis

Without proper risk metrics, there cannot be any risk management. This module will explore the two dynamic processes of strategic/operational response and continuous change learning that are critical for an effective risk control system. It also explains how they can be explicitly structured and monitored, using a series of reports and Key Risk Indicators (KRIs) and distributed timely to the people who need them to make the right decisions.

Click here for more information about the module

Risk CHAMPIONS Module – RCM1
Designing ERM: Risk Management Frameworks, Systems & Culture
Design an ERM System Adapted to Your Organization's Needs & Maturity to Foster Effective Management of Risks

 

Synopsis

This module provides a comprehensive framework to design an ERM system and policies adapted to your organization's business needs and maturity, allowing you to address business issues, stakeholders concerns and new regulatory in an efficient and integrated manner. ERM can yield tremendous potential competitive advantage for an organization through an integrated, enterprise-wide perspective on its risk profile aligned with its business model.

Click here for more information about the module

Risk CHAMPIONS Module – RCM2
Implementing ERM: Systems Change & Nurturing a Risk-Aware Culture
Making ERM Part of Your Corporate Culture DNA to Create the Conditions for Effective Risk Information Sharing & Decision-Making

 

Synopsis

This thought provoking and practical module will give participants an insight into the various ERM change methodologies and models, and their implications for corporate systems and culture transformation. You will learn a project implementation roadmap on how to nurture the type of risk-aware culture able to learn and adapt to continuous changes in the environment, and thus creating sustainable value for your organization.

Click here for more information about the module

Risk CHAMPIONS Module – RCM3
Sustaining ERM: Managing Changes, Crises & Business Sustainability
Protect Your Organization's Present & Future with Effective Crisis Management & Communication Preparedness

 

Synopsis

This module emphasizes on the importance of ERM to build the organizational capability for contnuous learning and business renewal. It provides a roadmap to deal with change and crises with a practical problem-solving approach and a focus on the importance of system resilience, stakeholders' perceptions management, effective crisis communication and preparedness in preventing or controlling crisis situations.

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Risk PROFESSIONALS Module – RPM1
Corporate Reputation & Stakeholders Risk Management
Manage Your Reputation as a Strategic Asset to Create Competitive Advantage in the Marketplace

 

Synopsis

In today’s volatile and competitive world, the value of corporate reputation is a key component of business and organizational performance. This module provides participants with a road map on how to manage Reputation as a strategic asset to create competitive advantage in the marketplace. It covers how to manage communication with key stakeholders to build a strong relationship and a survival guide on how to preserve reputation through a crisis.

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Risk PROFESSIONALS Module – RPM2
Corporate Governance & Risk Management
Strengthen Corporate Governance to Promote Transparency, Accountability and Effectiveness in Management Practices

 

Synopsis

Corporate collapses and the financial crisis have highlighted the weaknesses of existing internal controls and risk management systems and the need for a higher level of corporate governance to better align and protect the diverging interests of the various stakeholders in the corporate “game”. This module will guide you through a comprehensive plan on how to strengthen corporate governance by promoting transparency, accountability and effectiveness in management practices.

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Risk PROFESSIONALS Module – RPM3
Corporate Ethics, Fraud & Compliance Risk Management
Leverage Regulatory Compliance Requirements to Create Value with Risk Management, and Combatting Fraud with Strong Corporate Ethics & Effective Prevention/Detection Systems

 

Synopsis

This practical module will provide you with the most updated current methodologies and best practices to protect your organization against fraud with strong corporate ethics, effective prevention and detection systems. Participants will also understand the extent to which organizations are exposed to the ever-increasing regulatory environment, how to identify the risk and compliance issues that have most significance and how to integrate and leverage a compliance management program within the ERM system of your organization.

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Risk PROFESSIONALS Module – RPM4
Corporate Control, Internal Audit & Risk Management
Best Practices for Auditing Risk Management & Conducting Effective Risk-Based Internal Audit

 

Synopsis

This module provides a practical roadmap on how to conduct effective Risk-Based Internal Audit (RBIA). You will learn how you can employ risk-based methodologies in planning and conducting audits to provide assurance on the adequacy of integrated risk management practices and management control frameworks.

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Risk PROFESSIONALS Module – RPM5
Corporate Performance & Human Capital Risk Management
Enhance Your Human Capital Resilience & Productivity Using Risk Management, and Reward Real Performance through Risk-Adjusted Performance Management Systems

 

Synopsis

This module presents a methodology that maps the human relationships in organizations to identify where and how they affect organization performance. You will learn how you can influence your people and nurture the type of behavior & culture that supports sustainable value creation for your organization. This module will also teach you how to develop and use the right risk-adjusted Key Performance Indicators to drive your people’s behavior and support your business performance. By linking unambiguously the results and decision-making processes with appropriate metrics, considering all the risks involved, you will ensure that your staff’s behavior will be aligned with your organization objectives and interests.

Click here for more information about the module