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Enterprise Risk Management (ERM) Training

Hands-on Enterprise Risk Management (ERM) Masterclass

Build practical skills in identifying, assessing, and mitigating organizational risks. Learn risk governance, compliance, internal controls, and business continuity through real-world case studies and hands-on exercises to develop career-ready enterprise risk management expertise.

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Course Overview
  

Course Overview

Enterprise Risk Management (ERM) is a strategic discipline that enables organizations to identify, assess, manage, and monitor risks that could impact business objectives, operational performance, financial stability, regulatory compliance, and long-term growth. Modern organizations require an integrated risk management framework that aligns risk appetite with business strategy while enhancing governance, operational resilience, and informed decision-making. Effective ERM helps organizations anticipate uncertainties, improve business continuity, strengthen stakeholder confidence, and create sustainable enterprise value.

The Enterprise Risk Management (ERM) Training by myTectra is a comprehensive instructor-led program designed for risk professionals, compliance officers, finance managers, business analysts, internal auditors, governance specialists, and business leaders seeking practical expertise in enterprise-wide risk management. Participants will learn globally recognized ERM frameworks such as COSO ERM and ISO 31000, risk governance, strategic and operational risk management, risk assessment methodologies, business continuity planning, regulatory compliance, ESG risk management, cyber risk, AI-assisted risk analytics, and executive risk reporting.

Through real-world case studies, Microsoft Excel workshops, enterprise risk simulations, governance exercises, AI-powered risk analytics demonstrations, and practical implementation projects, participants will develop the skills required to design, implement, and continuously improve enterprise risk management programs across diverse industries.

Course Objectives

Upon successful completion of this training, participants will be able to:

  • Understand Enterprise Risk Management principles and governance frameworks.
  • Implement COSO ERM and ISO 31000 risk management practices.
  • Identify, assess, prioritize, and manage enterprise-wide risks.
  • Develop effective risk registers, risk heat maps, and mitigation plans.
  • Evaluate strategic, operational, financial, compliance, cyber, and ESG risks.
  • Design business continuity and operational resilience strategies.
  • Monitor organizational risks using KPIs, KRIs, and executive dashboards.
  • Utilize AI tools to enhance risk monitoring and reporting.
  • Prepare board-level risk reports supporting strategic decision-making.
  • Build an enterprise-wide risk culture aligned with organizational objectives.

Prerequisites

Recommended:

  • Basic understanding of business operations
  • Familiarity with finance or corporate governance concepts
  • Basic Microsoft Excel knowledge
  • Interest in risk management and organizational governance

No prior experience in Enterprise Risk Management is required.

Target Audience

This course is ideal for:

  • Enterprise Risk Managers
  • Risk Analysts
  • Compliance Officers
  • Internal Auditors
  • Governance Professionals
  • Finance Managers
  • Business Analysts
  • Operations Managers
  • Project Managers
  • Information Security Professionals
  • Corporate Strategy Professionals
  • Business Continuity Managers
  • Internal Control Specialists
  • Management Consultants
  • CA Professionals
  • CMA Professionals
  • MBA Graduates
  • Business Leaders responsible for enterprise governance and risk

Training Methodology

  • Instructor-Led Interactive Sessions
  • Enterprise Risk Workshops
  • Microsoft Excel Hands-on Labs
  • Risk Assessment Simulations
  • Business Continuity Planning Exercises
  • AI-Assisted Risk Analytics Demonstrations
  • Real-World ERM Case Studies
  • Executive Risk Reporting Workshops
  • Capstone Project
  • Interactive Assessments and Knowledge Checks

Tools Covered

  • Microsoft Excel
  • Risk Register Templates
  • Risk Heat Map Templates
  • Risk Matrix Models
  • KPI and KRI Dashboard Templates
  • Business Continuity Planning Templates
  • Scenario and Sensitivity Analysis Models
  • ChatGPT (for risk documentation and reporting)
  • AI Productivity Tools (Concepts)
  • Governance, Risk, and Compliance (GRC) Concepts

Key Benefits

  • Master enterprise-wide risk management frameworks and practices.
  • Identify, assess, and prioritize organizational risks effectively.
  • Implement COSO ERM and ISO 31000 risk management standards.
  • Build practical risk registers, heat maps, and mitigation plans.
  • Strengthen governance, compliance, and internal control capabilities.
  • Develop business continuity and operational resilience strategies.
  • Create executive dashboards and board-ready risk reports.
  • Leverage AI to improve risk monitoring and reporting efficiency.
  • Gain hands-on experience through real-world ERM case studies.
  • Advance your career in risk management, governance, compliance, and internal audit.
  

Course Outcomes

After completing this course, participants will be able to:

Enterprise Risk Management principles & ERM frameworks.
Enterprise Risk Management principles & ERM frameworks.
Identify & assess strategic, operational, finance & risks.
Identify & assess strategic, operational, finance & risks.
Build risk registers, heat maps & assessment models.
Build risk registers, heat maps & assessment models.
Develop effective risk mitigation & business strategies.
Develop effective risk mitigation & business strategies.
Implement COSO ERM & ISO 31000 practices within org.
Implement COSO ERM & ISO 31000 practices within org.
Monitor organizational risk using KPIs, KRIs, & dashboards.
Monitor organizational risk using KPIs, KRIs, & dashboards.
Strengthen governance, compliance & internal processes.
Strengthen governance, compliance & internal processes.
AI-powered tools to improve risk analysis & reporting.
AI-powered tools to improve risk analysis & reporting.
Prepare board-ready risk reports supporting decisions.
Prepare board-ready risk reports supporting decisions.
Lead enterprise-wide risk management confidently.
Lead enterprise-wide risk management confidently.
  

Course Outline

Module 1: Introduction to Enterprise Risk Management

Topics Covered

  • Introduction to Enterprise Risk Management (ERM)
  • Evolution of Risk Management
  • Importance of ERM
  • ERM Principles
  • Risk Management Lifecycle
  • Governance and Risk Culture
  • Corporate Value Protection
  • Global ERM Standards
  • Business Case for ERM
  • Course Roadmap

Practical Workshops

Explore:

  • Enterprise risk framework
  • Governance models
  • Risk culture assessment
  • Organizational risk case studies
Module 2: Nature and Causes of Business Risks

Topics Covered

  • Nature of Risk
  • Sources of Risk
  • Internal Risks
  • External Risks
  • Emerging Risks
  • Strategic Risk Drivers
  • Business Environment Analysis
  • Industry Risk Factors
  • Risk Dependencies
  • Root Cause Analysis

Practical Workshops

Analyze:

  • Business risk scenarios
  • Root cause analysis
  • Industry risk mapping
  • Organizational risk profiling
Module 3: Enterprise Risk Types

Topics Covered

  • Strategic Risks
  • Operational Risks
  • Financial Risks
  • Credit Risks
  • Market Risks
  • Liquidity Risks
  • Compliance Risks
  • Cybersecurity Risks
  • ESG Risks
  • Reputational Risks

Practical Workshops

Identify:

  • Enterprise risk categories
  • Risk classification exercises
  • Cross-functional risks
  • Industry-specific risk examples
Module 4: Risk Appetite, Governance, and Best Practices

Topics Covered

  • Risk Appetite
  • Risk Tolerance
  • Risk Capacity
  • Risk Governance Framework
  • Board Responsibilities
  • Risk Committees
  • Three Lines Model
  • Risk Ownership
  • Quick Wins for ERM
  • Industry Best Practices

Practical Workshops

Develop:

  • Risk appetite statements
  • Governance structures
  • Risk ownership matrices
  • Best practice implementation plans
Module 5: ERM Frameworks and Context Setting

Topics Covered

  • COSO ERM Framework
  • ISO 31000 Framework
  • Setting Organizational Context
  • Internal Context
  • External Context
  • Stakeholder Expectations
  • Business Objectives
  • Governance Alignment
  • ERM Policies
  • ERM Implementation Roadmap

Practical Workshops

Design:

  • ERM framework
  • Organizational context analysis
  • Risk governance documentation
  • Policy development exercises
Module 6: Risk Identification

Topics Covered

  • Risk Identification Techniques
  • Event Identification
  • Risk Workshops
  • Brainstorming Methods
  • SWOT Analysis
  • PESTLE Analysis
  • Process Mapping
  • Risk Registers
  • Key Risk Indicators (KRIs)
  • Emerging Risk Identification

Practical Workshops

Create:

  • Enterprise risk registers
  • Risk identification templates
  • Process risk maps
  • KRI libraries
Module 7: Risk Assessment and Analysis

Topics Covered

  • Qualitative Risk Assessment
  • Quantitative Risk Assessment
  • Risk Probability
  • Risk Impact
  • Risk Heat Maps
  • Risk Scoring Models
  • Risk Prioritization
  • Scenario Analysis
  • Stress Testing
  • Monte Carlo Simulation Concepts

Practical Workshops

Perform:

  • Risk scoring
  • Heat map development
  • Scenario analysis
  • Enterprise risk prioritization
Module 8: Risk Evaluation and Treatment

Topics Covered

  • Risk Evaluation
  • Risk Acceptance
  • Risk Reduction
  • Risk Avoidance
  • Risk Transfer
  • Risk Sharing
  • Risk Response Planning
  • Action Plans
  • Control Selection
  • Cost-Benefit Analysis

Practical Workshops

Develop:

  • Risk treatment plans
  • Mitigation strategies
  • Control assessment reports
  • Risk response matrices
Module 9: Risk Communication and Reporting

Topics Covered

  • Risk Communication Principles
  • Executive Risk Reporting
  • Board Risk Reports
  • Risk Dashboards
  • KPI and KRI Reporting
  • Stakeholder Communication
  • Risk Escalation
  • Documentation Standards
  • Reporting Automation
  • Continuous Communication

Practical Workshops

Prepare:

  • Executive risk reports
  • Risk dashboards
  • KRI scorecards
  • Board presentation summaries
Module 10: Monitoring and Continuous Improvement

Topics Covered

  • Risk Monitoring
  • Continuous Review
  • Risk Audits
  • Internal Controls
  • Performance Monitoring
  • Risk Metrics
  • Lessons Learned
  • Risk Documentation
  • Continuous Improvement
  • ERM Maturity Assessment

Practical Workshops

Implement:

  • Risk monitoring frameworks
  • Internal control reviews
  • ERM maturity assessments
  • Continuous improvement plans
Module 11: Corporate Social Responsibility (CSR), ESG, and Sustainability Risk

Topics Covered

  • Enterprise Risk Management and CSR
  • Environmental Risk Management
  • Social Risk Assessment
  • Governance Risk Management
  • ESG Frameworks and Reporting
  • Climate Change Risk
  • Sustainability Risk Assessment
  • Responsible Business Practices
  • Regulatory Expectations for ESG
  • Integrating ESG into ERM

Practical Workshops

Develop:

  • ESG risk assessments
  • Sustainability risk registers
  • CSR risk frameworks
  • ESG reporting templates
Module 12: Insurance and Risk Financing

Topics Covered

  • Role of Insurance in ERM
  • Risk Financing Strategies
  • Self-Insurance Concepts
  • Commercial Insurance Programs
  • Business Interruption Insurance
  • Liability Insurance
  • Cyber Insurance
  • Claims Management
  • Insurance Portfolio Optimization
  • Risk Financing Best Practices

Practical Workshops

Analyze:

  • Insurance coverage requirements
  • Risk financing strategies
  • Claims scenarios
  • Insurance gap analysis
Module 13: Credit Risk and Credit Rating Agencies

Topics Covered

  • Credit Risk Fundamentals
  • Credit Assessment Techniques
  • Credit Rating Methodologies
  • Role of Credit Rating Agencies
  • Counterparty Risk
  • Default Risk Analysis
  • Lending Risk
  • Investment Credit Risk
  • Credit Monitoring
  • Credit Risk Mitigation

Practical Workshops

Perform:

  • Credit risk analysis
  • Credit rating reviews
  • Counterparty assessments
  • Credit risk reports
Module 14: Business Continuity and Operational Resilience

Topics Covered

  • Business Continuity Planning (BCP)
  • Disaster Recovery Planning (DRP)
  • Crisis Management
  • Operational Resilience
  • Incident Response Planning
  • Business Impact Analysis (BIA)
  • Recovery Strategies
  • Continuity Testing
  • Emergency Preparedness
  • Organizational Resilience

Practical Workshops

Create:

  • Business continuity plans
  • Disaster recovery checklists
  • Business impact analyses
  • Crisis response frameworks
Module 15: Technology and AI in Enterprise Risk Management

Topics Covered

  • ERM Information Systems
  • Governance, Risk, and Compliance (GRC) Platforms
  • Risk Dashboards
  • AI for Risk Analysis
  • Predictive Risk Analytics
  • Automated Risk Monitoring
  • Data Visualization for Risk
  • AI-Assisted Reporting
  • Emerging Risk Technologies
  • Future Trends in ERM

Practical Workshops

Build:

  • AI-assisted risk reports
  • Risk dashboards
  • Predictive analytics models
  • Digital risk monitoring workflows
Module 16: Regulatory Compliance and Internal Controls

Topics Covered

  • Regulatory Compliance Frameworks
  • Internal Control Systems
  • SOX Overview
  • Basel Framework Overview
  • Compliance Risk Management
  • Financial Controls
  • Internal Audit Integration
  • Governance Policies
  • Ethics and Corporate Conduct
  • Control Testing and Improvement

Practical Workshops

Develop:

  • Compliance frameworks
  • Internal control matrices
  • Audit preparation documents
  • Governance checklists
Module 17: Investment Appraisal and Enterprise Risk

Topics Covered

  • Investment Risk Assessment
  • Capital Budgeting Risk
  • Project Risk Analysis
  • Sensitivity Analysis
  • Scenario Planning
  • Portfolio Risk Assessment
  • Risk-Adjusted Returns
  • Value-at-Risk (VaR) Concepts
  • Investment Governance
  • Strategic Investment Decisions

Practical Workshops

Evaluate:

  • Investment proposals
  • Risk-adjusted project analysis
  • Scenario models
  • Capital investment reviews
Module 18: Lessons from Major Corporate Failures

Topics Covered

  • Corporate Bankruptcy Case Studies
  • Banking Failure Analysis
  • Governance Failures
  • Financial Crisis Lessons
  • Operational Risk Incidents
  • Fraud and Compliance Failures
  • Cybersecurity Breaches
  • ESG Risk Failures
  • Risk Culture Assessment
  • Best Practice Recommendations

Practical Workshops

Analyze:

  • Corporate failure case studies
  • Root cause investigations
  • Governance improvements
  • Enterprise risk lessons learned
Module 19: Enterprise Risk Management Implementation

Topics Covered

  • ERM Implementation Roadmap
  • Change Management
  • Building a Risk-Aware Culture
  • Organizational Buy-In
  • Training and Awareness Programs
  • Risk Performance Metrics
  • ERM KPIs and KRIs
  • Governance Reviews
  • Continuous Improvement
  • Success Factors for ERM

Practical Workshops

Design:

  • ERM implementation plans
  • Risk culture initiatives
  • Performance scorecards
  • Organizational improvement strategies
Module 20: Capstone Project – Enterprise Risk Management Implementation

Comprehensive Project

Participants will:

  • Design a complete Enterprise Risk Management framework for an organization.
  • Identify strategic, operational, financial, cyber, compliance, and ESG risks.
  • Develop an enterprise-wide risk register and risk heat map.
  • Perform qualitative and quantitative risk assessments.
  • Define risk appetite, tolerance, and Key Risk Indicators (KRIs).
  • Create mitigation plans and internal control recommendations.
  • Develop business continuity and operational resilience strategies.
  • Build executive risk dashboards using Microsoft Excel.
  • Apply AI-assisted tools for risk monitoring and reporting.
  • Present a board-level ERM strategy with governance recommendations.

Join the Course Now!
  

Clients Testimonials

Hear what our learners say about myTectra!

"The Enterprise Risk Management (ERM) Training by myTectra provided a clear framework for identifying, assessing, and managing risks across the organization. The trainer used practical business examples that made it easier to understand how ERM supports strategic decision-making rather than just compliance. The sessions were engaging from start to finish."
Sravani Reddy
Enterprise Risk Manager
"Managing organizational risk requires a structured approach, and this course delivered exactly that. The modules on risk identification, assessment, controls, and governance were well-organized and supported by relevant case studies. I left the program with practical ideas that I could immediately apply in my audit assignments."
Yamuna Sree
Senior Internal Auditor
"Every discussion was centered around real business challenges instead of theoretical models. The trainer explained how different departments contribute to enterprise risk management, which gave me a much broader perspective on risk ownership and mitigation. myTectra has created a program that's valuable for professionals across multiple functions."
Vinodh Malviya
Compliance & Risk Officer
"The course highlighted how effective risk management supports long-term business resilience and informed decision-making. The interactive exercises encouraged participants to evaluate risks from different angles and think strategically about mitigation plans. I would confidently recommend myTectra's ERM Training to anyone involved in governance, risk, or operational leadership."
Siva Shankar M
Business Continuity Manager

Why Choose Us?

Discover key features that set our training apart.

Expert-Led Training

Learn from certified instructors with real-world industry experience.

Hands-On Learning

Practical assignments and projects to build job-ready skills.

Globally Recognized Certificate

Earn a professional certificate to boost your career opportunities.

FAQ's

What is the duration of this course?

The total course duration is 32 hours delivered via instructor-led sessions and practical labs.

Will I get placement assistance?

myTectra is providing 100% placement assistance on our key courses. We help you with the career counselling, Exams on Key courses, Mock Interviews and Technical Interviews Tips.

Landing an interview proves that you have the job-specific skills for the position, but how do your interview skills stack up? Also, Soft skills are often the most important factor in showing you're the best candidate for the job.

Hence we are conducting FREE TRAINING on Soft-Skills worth Rs-25, 000 to all myTectra students which will help you to attend the interviews with more confidence.

What if I miss a class?

You will never miss a lecture at myTectra. You can choose either of the two options:

Classroom Training:

  • If you miss one or few classes we can give a backup class based on trainer and your convenient time. 
  • In case if you miss many classes, we can reschedule your class with upcoming batches or other running batches based on how many courses topics you have completed so far.

Live-Online Training:

  • View the recorded session of the class available in your LMS.
  • You can attend the missed session, in any other live batch.
Can I attend a demo session before enrollment?

Yes. We arrange a free demo for all the courses either in the Classroom or Live-Online demo. Please fill the demo request form below to schedule a free demo.

What if I have more queries?

Just give us a CALL at +918047112411 OR email at support@mytectra.com

What are the payment options?

Payments can be made using any of the following options and a receipt of the same will be issued to you automatically via email for both classroom training and Online training.

  • Visa Debit/Credit Card
  • American Express and Diners Club Card
  • Master Card
  • PayPal
  • Net Banking/Wire Transfer
  • UPI Payment such as Google Pay, PhonePe, Paytm
  • Cash/Cheque/DD ( Not for Online Training )
Where do the classes take place?

For Individual: 

Classroom Training - Bangalore

Live-Online Training - Globally 

For Corporates: 

Classroom Training - We deliver classroom training for corporate in more than 20 countries. Send us an Enquiry Now!

Online Training - Globally

* All of the classes are conducted live online. They are interactive sessions that enable you to ask questions and participate in discussions during class time. We do, however, provide recordings of each session you attend for your future reference.

Who are the Trainers?

Our Trainer’s are chosen not only for their knowledge and expertise but also for their real-time experience in the respective courses.

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Gain expertise in enterprise risk management, compliance, risk mitigation, business resilience, and strategic decision-making.