Background: There is need for Enterprise Risk Management (ERM) that runs as an overlay on or adjunct to the usual risk management function in financial institutions. ERM encourages institutions to recognise and manage risks beyond the “silos” through a “holistic” approach/ framework primarily by eliminating duplications and redundancies in risks and related control procedures that have evolved because different groups have viewed the same risks differently and implemented independent control procedures. ERM also provides a disciplined framework for extended enterprise risk management (EERM). EERM introduces the practice of anticipating and managing exposures associated with third parties across the organisations full range of operations as well as optimising the value delivered by them.

Objective: The program aims at strengthening and reinforcing the learning of the participants on the usual financial risks and the use and implementation of Enterprise Risk Management (ERM) from subject experts and cross learning.

The VLP will deliberate on the following aspects/topics:

•          An overview of ERM

•          Risk Assessment Approach in ERM 

•          Experience sharing by banks in implementation of ERM.         

•          GRC and ERM

•          COSO ERM and Basel Standards 

•          How to Align Bank’s ERM Program with its Risk Management Function

•          How to Integrate Financial Crime Risk Management with ERM

•          Integrating Interest Rate Risk, Credit Risk and Liquidity Risk in ERM: A case study

•          Extended ERM               

•          ERM and ICAAP

•          ERM: A Supervisory Perspective