Foundation ERM Session 1: ERM Concepts

This presentation is based on a part of an academic course on Enterprise Risk Management (ERM) titled ‘ERM concepts’ and covers topics such as: ERM definitions and key concepts, ERM and corporate governance, risk categorisation, concentration and diversification and systematic vs. non-systematic risk

1Session 1: ERM concepts
2Session 1: ERM concepts
3Definition of ERM
4Definition of ERM in flowchart form
5Differentiators / key enablers vs. other types of RM
6ERM as a set of techniques and processes
7ERM is an evolving concept
8ERM frameworks
9What types of 'risk' are measurable?
10ERM is about upside as well as downside
11Upside versus downside: the risk management function
12Is ERM quantitative or qualitative?
13Benefits versus costs of ERM
15Session 1: ERM concepts
16ERM and corporate governance
18Governance issues
19Misaligned interests
20Cultural issues
21Risk frameworks
22Credit agency assessments of ERM effectiveness
23ERM input to Board strategy
24Risk appetite terminology (UK Actuarial Profession)
25Risk management control cycle
26An ERM control cycle
27Session 1: ERM concepts
28Risk categorisation
29Risk categorisation (ctd)
30Concentration and diversification
31Systematic and non-systematic risk
32Important Information

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