The Riskability Project -
Risk Management & Internal Audit - How to track EGRCM Effectiveness

Learn how to determine what exactly you want to achieve through ERM. Why is Ethics and Risk important? What to track and how to track the effectiveness of GRC through ERM (EGRCM).

Date Tuesday, August 24, 2010
Time 8 AM Pacific to 9:30 AM Pacific
Duration 90 Minutes

Significant results can be achieved if you identify the key benefits/impacts that you want to achieve from implementing ERM up-front. Rather than general goals like reduced risk exposure, improved compliance and more effective business processes, the Riskability project should create a measurement process to verify to what extent the objectives are achieved. Additionally the Riskability project must validate the milestones and make sure that ownership and responsibility goals are established.

There are several GRC issues and data that the Riskability project has to collect structure and understand. These are needed to develop the techniques to identify the various processes and events of the Riskability project. Stakeholder involvement and interaction is the tangible result from the current financial and credit crisis.

Additional material - A checklist will be provided that focuses on practical GRC issues.

Areas covered in the webinar
  • The key steps of the risk management process
  • Defining risk appetite
  • ERM levels & reporting structures
  • Risk assessment
  • The board & risk leadership through audit & risk committees
  • How does senior management and stakeholders fit in?
  • The role of internal audit in ERM
  • Introduction to Bayesian Risk Aggregation

Who should attend?
  • Governance, Risk, Compliance (GRC) staff
  • CFO, Treasurers,
  • Chief Risk Officers
  • Chief Legal Counsel,
  • Chief Compliance Officer
  • VPs of Risk Management, VP of Finance, Controllers
  • Director, Internal audit
  • Director, Operational Risk
  • Manager, Enterprise Risk Management
  • Risk analysts
  • IT governance directors/managers
  • IT risk directors/managers
  • IT compliance directors/managers
  • IT Audit directors/managers
  • Information security directors/managers

GRC and IT directors/Consultants involved in following areas- Audit, Compliance, Governance, Risk management, Sarbanes Oxley (SOX), Ethics, Regulatory, Legal, Governmental affairs, IT, Accounting, Finance, Reliability, Quality assurance