What does Enterprise Risk Management (ERM) cover?

Risk is part of every business, from the pandemic to cyber threats to supply chain disruptions. The risks facing organisations are real, and there is increasing demand for qualified and skilled professionals who can help improve organisational resilience in an ever-evolving global landscape. Enterprise Risk Management (ERM) is an integrated and joined-up approach to managing risk across all departments of an organization (irrespective of any sector) and its extended networks.

Our qualifications are recognised globally as the industry standard in ERM. The curriculum for IRM's global ERM examinations and certifications is periodically updated and reflects the new and evolving risk era we are in, ensuring our students are up-to-date with the latest best practices across sectors and areas of risk including international frameworks (like ISO 31000 and COSO 2004 and 2017), risk identification techniques, scenario planning, horizon scanning, evaluation of emerging risks, risk appetite and tolerance, risk treatment, risk reporting and communication, business continuity planning, internal audit and assurance and corporate governance. You will gain global skills like complex problem solving, analytical thinking, negotiation and risk based decision making. These skills will help you develop, adapt, and implement robust risk mitigation strategies to improve any company's or your own venture's resilience and also develop yourself as a certified risk consultant if you wish to set up your own risk advisory.

Risks covered in ERM:

Reputation, branding, marketing risks

Health and safety risks

Procurement and supply chain risks

Digital and cybersecurity risks

Environmental, Social and Governance (ESG) risks

Human resources and people risk

Insurance and financial risks

Geo-political and macro-economic risks

Careers

What are the career opportunities in Enterprise Risk Management (ERM)?

Even if you are not keen to pursue a career in risk management, today, every individual is a risk manager in their own domain and risk-literacy is the most sought after skill with organisations preferring risk-intelligent employees, leaders and entrepreneurs over domain experts. Whether you want to be a risk-intelligent business head / domain expert, entrepreneur, or family business owner or work in / set up a risk consulting business, or become a Chief Risk Officer (CRO), IRM's qualifications will help you get there. SEBI, IRDAI, RBI, Ministry of Corporate Affiars and regulatory bodies around the world have mandated the setting up of an enterprise risk management process, formation of risk management committees, reporting of risk management disclosures and appointment of Chief Risk Officers for various companies. Here are some of the career opportunities in ERM: