Enterprise Risk managment

Question 1

What is a ERM teams objective?

Answer 1

Is designed to identify potential risks/threats and manage them.

Question 2

What do ERM teams do?

Answer 2

Provide assurance that risks are identified, prioritized, managed and monitored (87%)

Question 3

What drove ERM Programs?

Answer 3

Business objectives, Regulatory Requirements, Key Stakeholder Demands.

Question 4

What percentage of US companies have a ERM program in place?

Answer 4

73%

Question 5

What team manages ERM in the organization?

Answer 5

The Risk Management Team.

Question 6

What are the 4 steps in the ERM process?

Answer 6

Risk Management, Aggregate, scenario analysis, dashboarding KRI’s, Reporting.

Question 7

Do we have risk assessment templates?

Answer 7

Yes we do, where a client can fill it in.

Question 8

Would every ERM build have a solutions architect?

Answer 8

Yes

Question 9

What is the CSM involvement on a ERM setup

Answer 9

General training, the solutions architect would change some things for the client if need be.

Question 10

What are the pillars in enterprise risk management (ERM

Answer 10

parts of the business, like finance, legal, HR, IT security.