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Certificate in Enterprise Risk Management

Enroll in the Certificate in Enterprise Risk Management and take your Risk Management Career to the next level!

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Course Description

All organisations, no matter whether private, government or not-for-profit have one thing in common – they all take risk to achieve their goals.

Unfortunately, too many organisations either don’t have any formal approach to considering the risks they are taking, or they utilise forms of risk management that are below par.

Risk is part of every business, from the COVID-19 pandemic to cyber threats to supply chain disruptions.

While some businesses tried to keep their doors open throughout the crisis, many were forced to close. Worldwide supply networks were broken, inflation shot through the roof in many nations, and a manpower crisis drove the drop even more. As economists had anticipated, risks were genuinely inescapable and would remain so for firms long after the pandemic had passed.

The risks facing organizations are real, and there is increasing demand for qualified and skilled risk professionals who can help improve organisational resilience in an ever-evolving risk landscape.

There are six modules in this advanced training certificate program that address the framework, principles, and components of enterprise risk management. It also covers risk management principles, such as risk identification, analysis, evaluation, and response. Ultimately, this certificate program will expand your current knowledge and provide a comprehensive understanding of these topics as you complete this course.

What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Course Overview

Learning Objectives

Understand how risk management can be used to support organizations in achieving their objectives
Understand the benefits of risk management and its relationship with governance, social responsibility, sustainability, and organizational prosperity
Acquire an overview of the global business and risk environment
Learn key risk architectures, strategies, and protocols to effectively mitigate organizational risk
Understand the role of risk culture, risk appetite, and risk tolerance
Explain risk and organizations, including an introduction to corporate governance, project and operational risk management, and supply chain management
Acquire a solid understanding of organizational risk management, emerging risks and future developments

Target Audience

Executives, senior managers, and heads of departments who require a better understanding of risk management and the role it should play within their organizations.
Managers who are responsible for managing risk and/or embedding effective systems of corporate governance.
Insurance managers, brokers, safety practitioners, auditors, project managers, accountants, solicitors, and consultants who are increasingly finding risk management is forming part of their remit or are expected to have a broad understanding of the subject.
Practitioners who require a refresher on recent developments in risk management.

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Curriculum

Introduction to the Program

Introduction to the Program

Module 1: Risk Management Fundamentals

Introduction to This Module
What Is Risk?
Why Manage Risk? Impact of Risk on Organizations 4
Overview of Risks and Risk Types 6
Historic Development of Risk Management 7
Risk Management Framework and Levels 8
Module Summary
Multiple Choice Quiz

Module 2: Enterprise Risk Management Principles and COSO Framework

Introduction to This Module
What Is Enterprise Risk Management?
Enterprise Risk Management Overview
Phases of ERM Implementation
Responsibility of the ERM
Benefits of ERM to the Organization
Module Summary
Multiple Choice Quiz

Module 3: Enterprise Risk Management Framework Elements

Introduction to This Module
Risk Culture
Risk Appetite
Risk Tolerance and Impact
Initial Risk Coping Mechanism
Risk Mitigation Techniques
Module Summary
Multiple Choice Quiz

Module 4: Risk Assessment – Introduction and Identification

Introduction to This Module
What is a Risk Assessment?
Risk Appetite
Risk Formula: Inherent Risk, Control Effectiveness, and Residual Risk
Risk Assessment Considerations
Risk Origin (Causes and Sources) and Consequences
Risk Classification Systems
Module Summary
Multiple Choice Quiz

Module 5: Risk Assessment – Risk Analysis and Evaluation

Introduction to This Module
Risk Identification
Risk Analysis
Defining the Upside of Risk
Module Summary
Multiple Choice Quiz

Module 6: Treating and Responding to Risk

Introduction to This Module
Meanings and Purpose of Risk Response
The 4Ts: Tolerate, Treat, Transfer and Terminate
Risk Control Techniques: Preventive, Corrective, Directive And Detective (PCDD)
Control of Selected Hazard Risks
Monitoring and Review
Insurance and Risk Transfer
Module Summary
Multiple Choice Quiz

Final Assessment

Final Assessment

Completing the Program

Completing the Program

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Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

Learn In-Demand Skills with On-Demand Courses

Gain the relevant skills and knowledge to ensure that you are supporting your firm and progressing your career.

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