June 13, 15, 17
(Online – Special Discounted Fee Applies)
CPD Hours: 23
The Enterprise Risk Management Fundamentals Program is a stand-alone program most beneficial to financial professionals with a few years of experience, who want to learn the fundamentals of risk management in order to either further their career, or add value to their organization.
Understand and properly manage risk to create a thriving business, generate value, and achieve a competitive advantage.
This highly interactive and hands-on learning program will include instructor led discussions, group discussions and case studies, all supported by a current and comprehensive resource materials package.
Introduction to Enterprise Risk Management
- Definitions - Risk and Enterprise Risk Management (ERM)
- ERM and corporate governance
- Benefits and limitations of ERM
- The ERM “Wheel”
Establish Context for Managing Risk
- Establishing the tone at the top
- Risk management and the culture of the organization
- Risk appetite
- Risk taxonomy
- Roles and responsibilities
Risk Identification and Risk Assessment
- Risk identification – approaches/techniques to identifying risk
- Risk assessment – inherent risk and residual risk
- Risk measurement criteria
- Risk Heat Maps, Risk Registers
- Risk and control assessments
- Risk avoidance
- Risk acceptance/retention
- Risk transfer
- Risk mitigation with controls
- Developing and implementing successful risk treatment/response plans
- The Risk Bow Tie
Risk Monitoring and Risk Reporting
- Areas of priority for monitoring
- Key performance indicators
- Key risk indicators
- Who’s the audience? Various types of stakeholders for reporting
- Best practices in effectively communicating and reporting to senior executives/board
Incorporating into Strategic Decisioning and Implementing ERM
- Incorporating ERM into Strategic Decisions
- Tips for successfully implementing ERM into your organization
WILLIAM (BILL) WESIOLY, CPA, CMA (Ontario) is a Risk Management consultant. His background is in the financial services industry, first with BMO and then with RBC.
The last 15 years of his banking career was in successfully building and leading risk management programs. He currently teaches with CPA Ontario and CPAs in other provinces including CPABC. His recent consulting assignments included Buduchnist Credit Union, Hillfield Strathallan College, Canadian Stewardship Services Alliance, Ministry of Environment Canada - Great Lakes Region, and the Ktunaxa First Nations. He has also recently published a Management Accounting Guideline for CPA Canada – A Practical Approach for Managing Risks in Small – Medium Size Organizations.