Evaluating the Effectiveness of your ERM Program: Risk Assessment, Recognizing Risk Awareness, and Building a Strong and Effective ERM Program

Why Should You Attend:

Versions of enterprise risk management, risk management, contingency planning, etc. have been implemented and used with varying levels of success by leaders globally. One of several ways to extract more value from existing regulatory focused processes and procedures is to learn where to improve strategically and operationally. Far too many leaders view risk management processes as merely check the box, extremely expensive overhead on which there is limited or minimal return.

Through this webinar, attendees will extract more value from existing regulatory focused processes and procedures. This course will illustrate key aspects such as moving to a ROI orientation on your value based risk management system.

Learning Objectives:

• Discuss ERM core elements.
• Provide risk assessment basics.
• Learn five of the most common business blind spots across all industries.
• Gain a strategic tool to prioritize your backlog of risk areas.
• Extract more value from existing compliance processes.
• Identify an immediate issue to address.

Areas Covered in the Webinar:

• Strategic orientation
• Symptoms versus core underlying problems
• Compliance core elements of ERM
• Basic risk assessment steps
• Identification of five key risk areas
• Risk prioritization tool
• Tactical checklist
• Common misconceptions
• Issues identification

Who Will Benefit:

• Risk/compliance managers and officers
• Internal audit staff
• Strategic planning staff
• Leaders with P&L responsibility
• Business continuity personnel
• Business planning personnel

Instructor Profile:

Gary Patterson, the FiscalDoctor, has helped over 200 international companies involved in manufacturing, technology, service, construction and distribution. He has worked with SMBs, a Fortune 500 company, and methodically helped two companies reach the coveted INC 500 list of fastest growing private companies in America. Several companies reached 10 x compounded annual revenue growth. He was the European coordinator for a global supply chain re-engineering software application for a Fortune 500 company. Mr. Patterson has successfully negotiated over 25 mergers and acquisitions with a market value exceeding $390 million.

He holds a MBA in Finance and Operations from Stanford, a BBA in Accounting from the University of Mississippi, and is a Big 4 CPA, and NSA speaker. He also authored the highly pragmatic book Million Dollar Blind Spot.

Topic Background:

Most organizations are understaffed on operational and strategic resources even when they possess deep domain insights into underlying risk and reward issues. Either (a) budget does not allow developing that senior talents, (b) when individuals with that expertise are mentored and grown, that person leaves or moves into operations, or (c) policies prevent engaging consultants to provide that experience and background.

Additionally, leaders recognize they may have Million Dollar Blind Spots© to discover before they find you. Unfortunately, too often even when you follow best compliance practices, economic snags appear at the very worst time. Now you can profit from this hands on working session to obtain a better ROI on existing investments in compliance and enterprise risk management. Start on a beer budget or use these best practices as a sanity check on more extensive Sarbanes Oxley processes.

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