Day 1:
Session 1: Introduction to Enterprise Risk Management

• Overview of ERM and its importance in financial institutions
• Key components and principles of ERM

Session 2: ERM Frameworks and Standards

• Overview of COSO ERM framework and ISO 31000
• Practical application: Designing an ERM framework for a sample organization

Day 2:
Session 1: Risk Identification and Assessment

• Techniques for identifying enterprise-wide risks
• Hands-on activity: Conducting a risk assessment using qualitative and quantitative methods

Session 2: Risk Prioritization and Analysis

• Tools for prioritizing risks (e.g., heat maps, risk matrices)
• Practical exercise: Developing a risk prioritization model

Day 3:
Session 1: Integrating ERM into Strategic Planning

• Aligning risk management with business objectives
• Case study: Integrating ERM into a strategic decision-making process

Session 2: Regulatory Compliance and Industry Standards

• Aligning ERM with regulatory requirements (e.g., Basel, SOX)
• Practical exercise: Evaluating compliance with ERM standards

Day 4:
Session 1: Implementing Risk Mitigation Strategies

• Developing and applying risk response plans
• Hands-on activity: Creating a risk mitigation strategy for a sample scenario

Session 2: Monitoring and Reporting ERM Performance

• Tools for tracking and evaluating risk management performance
• Best practices for ERM reporting to stakeholders

Day 5:
Session 1: Case Study: Comprehensive ERM Application

• Group activity: Developing and presenting an ERM strategy for a financial institution
• Peer and instructor feedback on proposed frameworks

Session 2: Final Project and Wrap-Up

• Consolidating learnings into an actionable ERM plan
• Q&A and discussion on implementing ERM in real-world scenarios