Partner
Exam Preparation

CERS™
Certified Enterprise Risk Specialist

Rating:
4.8
English
Intermediate
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Course Overview

The Certified Enterprise Risk Specialist (CERS) course is meticulously designed to deepen participants' understanding of enterprise risk management by extensively covering major risk management frameworks such as COSO ERM, COSO Internal Control, and ISO 31000. This intensive program equips professionals with the critical skills needed to design and implement robust risk management frameworks within their organizations. Through detailed exploration of each framework, participants will gain a thorough understanding of key risk management concepts, the interconnections between risk and strategic objectives, and the practical aspects of framework implementation. The course also delves into specialized areas such as fraud risk management, providing a comprehensive approach to identifying and mitigating potential frauds within corporate settings. Instructors will utilize many gamification techniques to ensure participants are effectively capturing the related concepts. 

This advanced training is structured to ensure that participants not only grasp theoretical concepts but also apply this knowledge to develop tailored risk management strategies that align with their organization's unique goals and challenges. By dissecting each framework in detail, the course facilitates a deep understanding of the structural elements of risk management, enhancing participants' ability to foster resilient and dynamic risk management practices. The hands-on approach ensures that professionals are well-prepared to undertake significant roles in risk management, driving their organizations towards strategic success and robust governance.

Farah M.
Specialist - Program Enrollment

Key Takeaways

1
Demonstrate comprehensive knowledge of enterprise risk management frameworks, including the Three Lines Model and ISO 31000 integration.
2
Design and implement tailored risk management frameworks, linking risk practices to strategic planning and business performance.
3
Analyze and differentiate between strategic, financial, and operational risks, developing effective internal controls and fraud risk management strategies.
4
Lead risk management initiatives that enhance organizational resilience, compliance, and competitive advantage.
5
Foster a risk-aware culture, ensuring continuous improvement in risk management and alignment with business objectives.

International Academy of Business and Financial Management
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The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional association with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

Course Outline

Part 1
Introduction to Enterprise Risk Management
  • Overview of the enterprise risk management landscape and its significance.
  • Introduction to primary frameworks: COSO ERM, COSO Internal Control, and ISO 31000.
  • Explanation of the integration of risk management into business strategy.
  • Discussion on the importance of risk management in achieving business objectives.
Understanding and Managing Different Types of Risks
  • Identification and analysis of strategic, financial, and operational risks.
  • Techniques for assessing and prioritizing risks based on their impact and likelihood.
Part 2
COSO Enterprise Risk Management Framework
  • In-depth exploration of the COSO ERM framework and its components.
  • Application of COSO ERM in aligning risk with strategy and performance.
  • Case studies demonstrating successful COSO ERM implementations.
  • Group discussions on challenges and solutions in COSO ERM applications.
COSO Internal Control Framework
  • Detailed breakdown of the COSO Internal Control – Integrated Framework.
  • Analysis of the five components of internal control and their importance.
  • Workshops on designing and implementing effective internal controls.
  • Practical examples of internal control challenges and remediation strategies.
Part 3
ISO 31000 Risk Management Framework
  • Comprehensive review of ISO 31000:2018 principles and guidelines.
  • Steps to customize and implement ISO 31000 in various organizational contexts.
  • Interactive sessions on integrating ISO 31000 with existing processes.
  • Evaluation of case studies on ISO 31000 implementation across industries.
Part 4
Fraud Risk Management
  • Fundamentals of identifying and assessing fraud risks.
  • Strategies for designing and implementing fraud detection and prevention controls.
  • Case studies on common and complex fraud scenarios.
  • Interactive activities focused on building a fraud-resistant organizational culture.
Part 5
Implementation and Practical Application of Risk Frameworks
  • Guided steps for developing and deploying risk management frameworks.
  • Identification of common pitfalls in risk framework implementation and strategies to avoid them.
  • Role-playing exercises to practice real-world application of risk management theories.
  • Feedback sessions to refine risk management strategies based on peer and instructor reviews.
Review, Revision, and Continuous Improvement
  • Methods for continuous monitoring and evaluation of risk management frameworks.
  • Strategies for adapting and improving risk management practices over time.
  • Discussions on fostering a culture of continuous risk management improvement.
  • Case studies highlighting successful ongoing risk management adjustments.
Course Conclusion
  • Comprehensive review of all course materials and key takeaways.
  • Final assessment to evaluate participant understanding and readiness for certification.
  • Discussion on further professional development in risk management.
  • Certification ceremony and guidance on applying course learnings in professional settings.

Who Should Attend?

This highly practical and interactive course has been specifically designed for
The course has been designed to benefit anyone from any discipline from any industry (profit or not for profit) who has responsibility for the management of a function within an enterprise and who has some input into the risk framework of their company already or is about to embark on implementing a risk framework.
Their level could be Manager to Director, Front Office, Operations, Finance, IT, Audit, Risk, Compliance, HR, Facilities Management, External Relationships, Corporate Office, Consultants, Analysts...

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FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations. We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen