Fundamentals of Enterprise Risk Management Principles
July 12, 2018 | Denver, CO
If you are interested in this course you may also be interested in Applying ERM Principles to Optimize Risk Management & Insurance Strategies for Power Generators, July 13 in Denver. Attend both courses and save $95 per attendee!
This training program is designed for Risk Managers and others concerned with managing risk and insurance for the power generation industry and will provide a basic understanding of Enterprise Risk Management (ERM) principles which can be applied to support risk management strategies and the optimization of insurance programs. Attendees will learn to recognize how effective risk management processes can extend the life and health of facilities across power generation organizations. They will learn their role with regards to risk identification, assessment, monitoring, and reporting through discussions about key risks, controls and risk assessment treatment plans. The training is designed for professionals who are looking to generate support at all levels of the organization for implementing ERM for power generation and will cover strategies for bridging and transforming current risk management practices into a robust and sustainable ERM framework.
The training will include exercises and case studies to achieve a practical understanding of how ERM is implemented and managed in the area of power generation.
Every organization develops short- and long-term objectives. Enterprise Risk Management (ERM) is about identifying the uncertainties and challenges that could inhibit your business’s success – then determining how to allocate resources to make sure those challenges are addressed and your business achieves its strategic targets. As organizations grow, it becomes increasingly difficult for management teams and boards to provide and demonstrate risk oversight over the organization’s key risks and controls. This course will provide attendees with an overview of ERM principles and best practices, and how ERM can be applied to support power generation operations in more effectively manage risk across its organization.
- Review ERM principles and best practices
- Discuss strategies to successfully implement / improve / leverage ERM within power generating facilities
- Review key strategic, operational, financial and compliance risks, controls and risk treatment strategies within power generating facilities
- Leverage ERM to optimize insurance programs taking into consideration competing risk priorities
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 0.7 CEUs for this event.
Requirements for Successful Completion of Program
Participants must sign in/out each day andbe in attendance for the entirety of the course to be eligible for continuing education credit.
Case Studies and power point presentations will be used for the entire course
Thursday, July 12, 2018
8:00 – 8:30 a.m. :: Registration & Continental Breakfast
8:30 – 9:30 a.m. :: Introduction to ERM
This session offers an overview of key concepts and definitions of important terms including: Risk, Risk Management, Risk Profile, Risk Register, Key Controls, and Risk Treatment Plans.
- What are the benefits of ERM?
- ERM helping power generating facilities strengthen operational resiliency
- Prioritizing risk management strategies using ERM
9:30 – 10:30 a.m. :: Overview of ERM Framework Components
- Overview of ERM Frameworks / Standards (ISO 31000 & COSO) to develop bespoke approach for power generating facilities
- ERM / Risk governance – Overview of ERM policy & procedures and ERM responsibilities within organizations
- Risk Appetite – How does an organization determine its risk appetite, who sets it and how is it managed?
10:30 – 11:00 a.m. :: Networking Break
11:00 a.m. – 12:00 p.m. :: Overview of ERM Framework Components
12:00 – 1:00 p.m. :: Group Luncheon
1:00 – 2:45 p.m. :: Overview of ERM Processes; Procedures & Tools
- Risk Identification – Overview of processes to identify strategic, operational, financial and compliance risks within power generating facilities
- Risk Assessment / Quantification – Overview of processes and tools to objectively and consistently assess enterprise risks
- Risk Decision Making – How risk assessments can drive risk decision making and how risk consideration can be infused in decision making processes across power generating organizations
- Risk Monitoring & Reporting – Processes and tools to actively monitor and report on key enterprise risks across the organization
2:45 – 3:00 p.m. :: Afternoon Break
3:00 – 5:00 p.m. :: Keys to Successful ERM Implementation
- Building Support and Achieve Stakeholder Buy-In
- Tailoring a Practical and Sustainable ERM Framework for Your Organization
- Developing an ERM Road Map
5:00 p.m. :: Fundamentals of Enterprise Risk Management Principles Concludes
Jerry Chien, Eastern Canada Leader Risk Solutions, Aon Risk Solutions
Jerry Chien is an enterprise risk management and insurance professional with 20+ years of broad leadership and consulting experience.
He has successfully implemented enterprise risk management frameworks / programs within two complex fast growing multi-national publicly traded companies from ground zero (D+H – Banking & Technology; and AQN – Power Generation & Utilities). In both roles he presented to the Board on a quarterly basis; chaired executive risk committee meetings; facilitated risk and control assessments/audits across business units; and developed ERM policies, procedures and tools in alignment with best practices and the organization’s risk appetite.
In 2016, AQN’s ERM program was recognized by the Risk and Insurance Management Society (RIMS) for achieving “Advanced Leadership in ERM”.
Prior to his roles with D+H and AQN, he spent 11 years with AON providing ERM and risk management consulting to over 100+ organizations across a wide range of industries including: Banking/Insurance / Energy / I.T. / Food / Pharma / Mining / Forestry / Mfg. / Government / Real Estate / Retail. He was responsible for launching and leading AON’s ERM consulting practice in Canada and was part of AON’s global ERM leadership team.
At D+H and AQN, he effectively restructured and managed the corporate property & casualty insurance portfolios for both of these organizations generating $10+ million in insurance premium savings and recovering $35+ million in insurance claims. At AQN, he developed and launched a captive insurance company with a innovative product line to manage earnings volatility risk due to adverse weather conditions.
During his years with AON Jerry was a licensed commercial insurance broker for 10 years (BC – Level 2 License and ON – RIBO) and helped a wide range of clients build, optimize, and effectively manage their insurance programs.
Hyatt Place Denver Tech Center
8300 E Crescent Parkway
Denver, CO 80111
To reserve your room, please call 1-303-804-0700
Please indicate that you are with the EUCI group to receive the group rate.
The room rate is $159.00 single or double plus applicable taxes.
Room Block Dates:
A room block has been reserved for the nights of July 11 – 12, 2018.
Rate Available Until:
Make your reservations prior to June 13, 2018. There are a limited number of rooms available at the conference rate. Please make your reservations early.