Enterprise Risk Management Fundamentals Program

November 18-20, 2026| Online
November 25-26, 2027 | Online

CPD Hours: 23
Program Fee:
$2,350 (Early Bird) | $2,450 (Regular)

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.

Online Version Registration

Curriculum

Introduction to Enterprise Risk Management

Definitions - Risk and Enterprise Risk Management (ERM)
ERM and Corporate Governance
Benefits of ERM/Difficulties with ERM
Risk and cognitive biases
The ERM Framework relative to ISO and COSO

Establish Context for Managing Risk

Establishing the tone at the top
Considering the external and internal environment
Risk appetite and Risk tolerance
Risk taxonomy
Roles and responsibilities – the 5 lines of defense model

Risk Identification and Risk Assessment

Risk identification – approaches/techniques to identifying risk
Risk Prioritization – inherent risk and residual risk
Risk measurement criteria – likelihood and severity, velocity and adaptability
Risk heat maps

Risk Treatment/Response

Risk avoidance/Risk acceptance/Risk transfer-sharing
Risk mitigation with controls
Corrective and recovery controls
Risk registers
Risk and control assessments
Risk bow ties and Risk Bow tie methodology

Risk Monitoring and Risk Reporting

Areas of priority for monitoring
Key risk indicators
Lagging and leading risk indicators
Risk reporting - Who’s the audience?
Examples of best practice risk reports

Incorporating into Strategic Decisioning and Implementing ERM

Change Management 101 and Risk Management
Aligning strategic decisions with risk appetite – different perspectives
Implementing ERM – tips and principles for success

In-Person Version Registration Online Version Registration

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.

Learn more about William Wesioly...

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.