Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions such as:

• Do we have robust board and management support?


• Do we understand and articulate our organization’s risk appetite and how that impacts our business units?


• How are we measuring and rating our risk impact?


• What controls do we have to mitigate our risk?


• Are we leveraging risk velocity and vulnerability to obtain more granular residual risk results?


• Does our organization understand and support the importance of a strong ERM program to continue to position our company for growth?

• Determine the "Tone at the Top"


• List and summarize ERM fundamentals


• Outline an ERM framework