Certified Enterprise Risk Specialist (CERS)

Ignoring high-consequence, low-likelihood risks can be damaging to an organization, but preparing for everything is impossibly costly. In the current business environment, as well as the inevitable implications that COVID-19 has brought, risks have come in various forms and have led to industry disruptions. Enterprise risk management enables an organization to identify and assess these challenges and prepare solutions for how to resolve them.
 

This training course is designed to provide participants with the essential concepts related to Enterprise Risk Management. This course will explore the methods for designing and implementing an effective risk management program and processes, how to enhance the performance of the organization, and create strategic solutions to identified risks. 

• Gain a comprehensive understanding of the different components and principles of COSO ERM, Aligning Risk with Strategy and Performance, and the COSO Internal Control – Integrated Framework
• Identify the different types of risk identification methodologies.
• Familiarize oneself with the ISO 31000:2018 framework and understand the difference as compared to the related COSO framework.
• Increase understanding of the PESTEL Analysis and how to use it to understand the organization's environment.
• Utilize “Root Cause” when developing risk mitigation plans, as well as the automated controls, as a solid path to sound risk mitigation.
• Recognize areas of challenge in enabling effective internal controls.
• Understand surrounding concepts and current updates on Fraud Risk, including anti-fraud controls.