Synopsis

Over the past 10 years ERM has evolved from an innovative concept to a global best-practice standard for the Management of Risks in Organizations. Continuous crises in the global financial system and regular corporate collapses remind us of the importance of effective risk management. Not only industry regulators are demanding that listed companies raise their game in regards to the management of the risks they face, but rating agencies have also included the quality of a firm's risk management system & 'culture' into their corporate ratings methodologies. Beyond mere compliance to regulatory requirements, effective risk management has become an imperative for boards and management because it has the potential to increase the reliability of operations, build resilience, and foster innovation/value creation - three keys to achieving sustainable profitable performance. However implementing ERM is a very challenging undertaking and many organizations struggle through the process and fail to achieve any tangible benefits.

Hence the essential purpose of CERM^TM program is to develop ERM Champions able to design and drive the implementation of ERM programs in the system and culture of their organizations in order to improve the long-term sustainability potential and nurture the conditions for profitable growth.

The CERM^TM has set a new industry standard for risk professionals in Asia. It is conducted by the Asia Risk Management Institute (ARiMI), the leading Asian Research and Professional Development Institute in Enterprise Risk Management, together with the National University of Singapore (NUS). ERM^TM is your passport to Enterprise Risk Management excellence!

Please click on the links below for more information.

• Key Learning Objectives of CERM^TM
• Who should Join / Benefits / & Eligibility for CERM^TM
• Programme Structure & Curriculum
• Training Method, Formats and Faculty
• Diploma Assessment & Certification
• Past Participants Profile & Testimonials
• Beyond CERM^TM: Professional Development

Key Learning Objectives of the CERM^TM

The aim of the program is not just for participants to acquire new knowledge, but also to develop the capabilities to apply that knowledge effectively to resolve their organization risk management challenge. Consequently CERM^TM gives participants:

• An integrated, cross-disciplinary understanding (from Strategy, Finance to Psychology) of the key risk management concepts, issues, methodologies, tools and best practices
• An in-depth and dynamic understanding of the nature and factors influencing the emergence of risks and opportunities in organizations in today’s global economic, regulatory and cultural context
• A practical knowledge of effective risk identification, analysis and mapping tools and the analytical ability to interpret data into information for decision-making
• The skills to communicate risk information to various groups of stakeholders while considering the cultural and psychological factors that influence how people make decisions
• The understanding on how to build the business case for enterprise risk management for any organisation.
• The capability to drive successfully the design and implementation of ERM within any organisation by striking the right balance between risk management systems and cultural changes.
• The capabiltity to develop and implement the effective risk management controls, financing and optimisation solutions adapted to an organization’s needs.
• The capability to improve corporate planning & decision-making processes throught the application of Risk tools under the ERM Framework
• The underdstanding on how to optimise the balance between the achievement of corporate objectives and the protection of other stakeholder's interests.

Who should Join / Benefits / & Eligibility for CERM^TM

WHO should attend?

• Board of Directors & C-level Executives
• CRO/Risk Managers
• Insurance Managers & Brokers
• Internal Auditors & Accountants
• Change Managers & HR Managers
• Compliance Officers & Legal Professionals
• Engineers, Loss adjusters & Surveyors
• Divisional/Operational director or manager

What are the Benefits of CERM^TM For you?

• Gain new comprehensive knowledge of enterprise risk management most recent and effective tools and methodologies
• Methodologies, Tools and Techniques learned can be immediately applied at work to improve your effectiveness and performance
• Enhance your leadership and risk decision-making skills by learning how to optimise Risks and Opportunities.
• Build your network with risk professionals and learn from direct industry experience in managing risks.
• Earn a professional title recognising your new knowledge & skills  and gain a competitive edge enhancing your career advancement opportunities.

What are the Benefits of CERM^TM For your organization?

• Having 'In House' ERM experts really able to drive the ERM implementation project successfully.
• Increase your stakeholders confidence in your Risk Management system & people capabilities.
• Reduce waste and enhance operational efficiency with improved risk-based processes and control systems supported by the development of a risk aware culture.
• Improve ERM's contribution to your organization's performance by optimizing the overall strategic and operational risks/return balance.

The ARiMI – NUS Advantage

• Taught by leading ERM experts & experienced Risk Professionals
• Recognized Certifications awarded by NUS & ARiMI
• Full Program Materials, Guides and Notes provided
• Convenient Location at the Heart of Singapore
• Strong Alumni network of Risk Professionnals
• Unique program content & Innovative delivery format

Eligibilty for Prospective CERM^TM applicants:

• Hold a university degree from an accredited institution
• Possess a minimum of 7 years of professional experience with at least 3 years at managerial level
• A risk management related experience or position is preferable

Programme Structure & Curriculum

The program consists of 16 workshop modules and provides a comprehensive and structured learning path both in scope and depth covering:

The Essentials of Enterprise Risk Management
CCM1	Risk Foundations -Theory & Practice of ERM	1 day/7 hrs
CCM8	Business Ethics and Social Responsibility	1 day/7 hrs
The Key Steps of the Risk Management Process
CCM2	Risk Assessment & Corporate Profile Diagnostic	1 day/7 hrs
CCM3	Risk Identification & Measurement Techniques	1 day/7 hrs
CCM4	Psychology of Risk Communication & Decisions	1 day/7 hrs
CCM5	Management Control Systems & Risk Optimization	1 day/7 hrs
CCM6	Risk Financing & Transfer Solutions	1 day/7 hrs
CCM7	Risk Monitoring, Reporting & Review (KPIs/KRIs)	1 day/7 hrs
Building ERM for your Organization
RMC1	Designing ERM - Risk Governance Frameworks	1 day/7 hrs
RMC2	Embedding ERM - Risk Ethics & Corporate Culture	1 day/7 hrs
RMC3	Sustaining ERM - Risk of Change & Crisis Management	1 day/7 hrs
Key Areas of Practice for Risk Management  (Select 4)
EKM1	Risk & Business Continuity Management	1 day/7 hrs
EKM2	Corporate Strategy & Risk Appetite	1 day/7 hrs
EKM3	Project Risk Management	1 day/7 hrs
EKM4	Human Resource Risk Management	1 day/7 hrs
EKM5	Reputation & Stakeholders Risk Management	1 day/7 hrs
EKM6	Corporate Governance & Risk Management	1 day/7 hrs
EKM7	Fraud Risk Management	1 day/7 hrs
EKM8	Internal Audit & ERM	1 day/7 hrs
EKM9	Performance & Risk Management	1 day/7 hrs
EKM12	Health & Safety Risk Management	1 day/7 hrs
EKM13	Compliance Risk Management	1 day/7 hrs

Each workshop module consists of 1 intensive day/7hours of contact hours. The 16 workshop modules are organized into 4-days sessions spread over 4 to 5 months. The physical time on campus represents 15 days as follows:

• Attend the eight core certificate modules (CCM1 to CCM8) - 8 days
• Attend the three Risk MasterClass modules (RMC1 to RMC3) - 3 days
• Select & attend 4 Elective Modules (EKM1 to 13) – 4 days

The modular structure of the program, allows participants to balance work and study at the same time.

To obtain the Certification, participants are required to pass successfully the required Asssessment for accreditation purposes (more information in the section: Program Assessment)

Training Method, Formats and Program Faculty

All program modules are conducted using a unique workshop format that fosters interaction, knowledge sharing and experiential learning. It involves a balanced mix of:

• fundamental lectures;
• interactive case presentations;
• group discussions and sharing of experience;
• problem-solving exercises including computer aided workshops;
• case simulations with 'role plays'

All with a clear focus on real Risk Management issues in an Asian context.

Program Faculty

Our Trainers are highly credentialed risk management practitioners, scholars, skilled educators, groundbreaking researchers, and entrepreneurs. They will bring to the participants a wealth of knowledge and experience from various industries that will be very useful in the work of the participants. For more information click on the name of the faculty below:

• Marc Ronez, Managing Director & Master Coach, The Asia Risk Management Institute (Program Leader)
• Er Jwee Ping, Professor of Risk Management and Accounting, NUS
• Paul Clarke, Managing Director, Echelon Consulting
• Bala Krishnan, Manaing Director, JLT Interactive
• Jean-Yves Le Corre, Consultant, Risk and Audit Asia

Program Assessment & Certification

To ensure the quality and meet the requirements of the Professional Certification & Diploma, all candidates are required to:

• Attend the 15 required workshop modules.
• Take a Sit-in exam consisting of Forty five questions (multiple-choice) and is administered onsite at NUS / ARiMI Campus. The time allotted is one hour.
• Conduct a Practical Field Study consisting of 8,000 word practical assignment where participants will have to undertake a field work within their organisation using the methodologies and tools learned during the programme to resolve current issues and demonstrate a real practical understanding of how to create value with ERM™ for their organization. The completed Field Study must be submitted to the Asia Risk Management Institute for grading within 6 months after participants have completed their last required modules. During the preparation of the field study, participants will benefit from a coaching programme to support them in delivering a high-level value creation work.

Upon successful completion of all the required modules, exam & field study, candidates will be awarded the professional designation of:

• Certified Enterprise Risk Manager (CERM^TM) professional designation by the Asia Risk Management Institute

and  the

• Professional Diploma in Enterprise Risk Planning & Management by NUS Extension

Past Participants Profile and Testimonials

Participants are coming from a wide range of industries and functions bringing a wealth of experiences and perspectives on critical Risk Management issues. It stresses the critical importance of effective Risk Management for every industry sectors and job functions.

Group Profile Snapshot:

• Strong academic background
• International exposure & mindset
• Rich professional experience (average 10 to 15 years with significant time in management roles)
• Recognized professional achievements
• Average range: 30's and 40's (actual range from 29 to 68 years old)
• Strong leadership potential and maturity

Testimonials

“The effective use of interesting case studies and good reference materials helped me grasp the concepts quickly and gave me very practical examples of the practices of Enterprise risk management on organizations highlighting both the benefits and the challenges."

Chua Hwee Leng, Deputy Director - Risk Management, CPF - Central Provident Fund Board

“The CERM^TM has provided me with the fundamental knowledge, tools and methodologies that are critical for the successful implementation and administration of a robust ERM program. I would highly recommend CERM^TM for all practitioners of risk management.”

Alvin Chong, Risk Manager, Apestar – Quatar Orthopaedic & Sport Medicine Hospital

Beyond CERM^TM: Professional Development

For your next step in Professional Learning Development

You can also further develop toward the FSRM^TM, Fellowship in Strategic Risk Management Accreditation. This Accreditation is designed to recognize the experience and expertise of Top Management and leading Risk Professionals to the management of Risk Governance at Strategic level. For more information, please visit our website at www.arimi.org

Beyond the Classroom: Continuous learning & Alumni Membership

The CERM^TM - Certified Enterprise-wide Risk Manager programme is a powerful experience. By its very participative nature, it creates strong links between the participants. Only part of the value you take from the programme originates in the classroom, your interaction with your programme peers and your ability to learn from them should be continuous.

The Asian Risk Management Society (ARMS) is an alumni association established by ARiMI and is open to all participants and graduates of our programs. It provides regular opportunities for alumni to meet, exchange ideas and practices and to continue learning and developing themselves. The following are some of the benefits of Alumni membership:

• Alumni Graduates directory
• Email newsletter: Risk Connection
• Discounted invitations to Conferences
• Participation in numerous research and activities
• Career development support

With access to a growing number of risk management graduates through the Asia Risk Management Society (ARMS), you can expect your learning experience to be fulfilling and long lasting.

Take this opportunity and Register for the next intake of CERM^TM Now to reserve your Place!