Certification:

Qualified Risk Auditor®

15—18 June

2020

The Qualified Risk Auditor (QRA®) certification is a 4-day program

tailor-made for those in assurance (internal/external audit)

positions. Through practical workshops and case studies, gain a

thorough understanding of global Enterprise Risk Management

standards as well as the strategic aspects of business to enhance

your existing skillset.

Learning Objectives

Learn how a successful and practical world-class ERM framework will help your

organisation achieve its objectives at all levels, and gain the skills to effectively

audit the ERM function. Assurance professionals will then be better placed to

employ this practical knowledge to better design and select their Assurances

methodology, programs and approaches in support of effective ERM initiatives.

Merely ensuring that your organisation is compliant to the relevant obligations and

regulations is not enough for its sustainability. As a Qualified Risk Auditor equipped

with a variety of ERM tools, you will be able to identify strategic opportunities and

add immense value to your organisation to further its competitive advantage

Who Should Attend

This program is suitable for anyone working in or related to Internal Audit, Risk

Management, Corporate Planning, Strategy, Governance, Compliance, Operations,

Regulators, Legal, Quality, Environmental Health & Safety, Project Management, etc.

as well as Heads of Departments who are decision-makers in their respective

organisations.

Programme Outline

Module 1: International ERM models and Standards

To successfully and effectively design and execute an ERM assurance program,

Auditors (internal and external) must possess the requisite skills as well as a

sound understanding and knowledge of the practical aspects and concepts of

ERM. This programme provides auditors with a sound understanding of

fundamentals, origins, development and current status of Risk Management

practices and Risk Management standards utilized internationally by most

companies.

The program includes group discussions on the applicability of the various stand-

ards and models in practical ERM implementations. Participants will also be pro-

vided with an effective grounding and overview of the various Risk

Management standards including COSO ERM and ISO 31000 and cover all aspects

of Risk from a definitional perspectives through the benefits and disadvantages of

the various models and approaches.

Upon successful completion of the module, participants will be able to:

• Have a broad understanding of the evolution of Risk Management and Enterprise

Risk Management;

• Be able to explain the structure and purpose of the COSO models and the ISO

31000 International Standard;

• Understand the differences between the ISO 31000 standard and other standards

such as COSO and their limitations; and

• Understand the role such models play in practical ERM implementations

Module 2: Effective RCSAS

The linkages between Risk and Internal Controls are critical when considering and

evaluating the effectiveness of Operational Risk Management issues, mitigations

and processes – and is a critical component of the Auditors assurance

responsibilities. This module encompasses a detailed examination into internal

control concepts and issues relevant to the risk management process. Studies here

include an examination into the contents and intent of the COSO’s 2013 revised

Internal Control framework.

Participants will be immersed in various evaluation options including that of Risk

Control Self Assessments (RCSA). The program includes an in-depth study into the

various RCSA approaches and options available – the approaches and

methodologies including their purpose and design, tools, and their fit into an ERM

framework. Contents of the program includes a detailed case study and exercise

over a complete RCSA lifecycle and participants will be given the opportunity of

practicing their new skills via a mini RCSA case study workshop.

Upon successful completion of the module, participants will be able to:

• Develop smart objectives, review and align division/unit and/or major process objectives with the organisation’s vision, mission and corporate objectives;

• Apply the principles of the COSO 2013 Internal control revised framework for control evaluation;

• Assess whether critical risks have been identified and mitigated effectively;

• Evaluate whether controls are properly executed and effective in managing critical risks; and

• Apply the basic ideas on RCSA back at the office.

Modules 3: Ensuring Effective ERM Practices

In order to be able to provide effective value-added assurance services, successful

Assurance professionals must possess a sound practical grounding in the theories

and practices of ERM – and its linkages to other relevant and associated disciplines

and standards (e.g. BCM). When implemented and utilised properly, ERM can

become a driver for Commercial Sustainability as well as Organisational Agility and

Resilience. This program coaches Assurance professionals on how to achieve all of

this utilising the IERP®’s practitioners based approaches. The module explains and

re-emphasises the fundamentals of ERM and shows how it can be utilised to drive

strategy, performance, and the linkages to corporate governance and internal

controls. Participants will also be taught how to apply strategic risk management

concepts to enhance decision making processes and to add value to the business.

The program includes practical exercises and guidance in implementing and

utilising the objective centric (as opposed to Taxonomy) approach to ERM in line

with International best practice. The program provides many discussion points and

exercises, including case studies where the participants will apply the tools

introduced during the training to identify, record, prioritise and mitigate risks.

Participants will also be taught how to set up ERM monitoring systems to track

progress and to maintain schedule as well as how to apply strategic risk

management concepts to enhance decision making processes and value to the

business. The module also explains and identifies effective internal controls as a

risk mitigation tool and discusses how to establish effective risk mitigation

strategies. This program coaches Assurance professionals how to achieve all of

this via practical application of ERM fundamentals and how to achieve results

through the effective use of the ERM framework and risk management tools.

Upon successful completion of the module, participants will be able to:

• Explain Assurance and Business’ role in ERM and how ERM can be utilized as a

Strategic Management tool to enhance Commercial Sustainability as well as

Organisational Agility and Resilience;

• Understand the fundamentals of Enterprise Risk Management, corporate

governance and internal controls and their interdependence;

• Support in the application Strategic Risk Management concepts to enhance

decision making processes and value to the business;

• Define and identify effective internal controls as a risk mitigation tool;

• Establish effective risk mitigation strategies;

• Set up monitoring systems to track progress and maintain schedule for ERM

implementation frameworks and mitigation plans;

• Achieve results through effective use of the Enterprise Risk Management (ERM)

framework and risk management tools; and

• Use the tools introduced during this training to identify, record, prioritise, and

mitigate risk

Ramesh Pillai is the Chairman of the Board of Governors of the International

Institute of Enterprise Risk Practitioners (IERP) as well as the Group Managing

Director of Friday Concepts, an International ERM (Conventional and Islamic), BCM,

Governance, Risk Management and Compliance boutique consultancy. Ramesh is

currently a Director of a number of leading Conventional Financial Institution in

Malaysia and Islamic Financial Institutions overseas - as well as a former Director

of a leading Developmental Financial Institution. His Board experience includes

chairing the Board Risk Management Committee, Investment Committee and Audit

Committee, as well as membership of the Nomination Committee, Board

Collaboration Committee and Remuneration Committee. He is also a nominee

Director for a Regional Central Bank. Additionally, Ramesh is currently an adjunct

professor in Enterprise Risk Management at a private University. He is the former

Risk Management Adviser to the Public Trustee and one of the largest fund

managers in the Region as well as to one of the largest Islamic fund managers in

the Region. Ramesh holds a Bachelor of Economics with Accountancy (Honours)

degree from Loughborough University in the UK. As part of his degree course,

Ramesh specialised in Economics and Banking in general and Islamic Banking in

particular.

A Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) as

well as the Malaysian Institute of Accountants (MIA), a Certified Risk Professional

(CRP), a certified Enterprise Risk Manager (ERM), a certified Islamic Enterprise Risk

Manager (ERMi), a Qualified Risk Director (QRD) and a Qualified Risk Auditor (QRA),

Ramesh was also a Regional Director for the Global Association of Risk

Professionals (GARP) and was instrumental in the creation of the Malaysian chapter

of the Professional Risk Managers International Association (PRMIA). He is an

Islamic and Conventional Risk Management resource for the Qatar Investment

Authority and is listed in their Q-Finance Directory.

Programme Leader: Ramesh Pillai

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Certification Qualified Risk

Auditor®

15—18 June 2020

PROGRAMME FEES

IMPORTANT NOTE

Stakeholders are participants from

MOFE, AMBD and all domestic banks in

Brunei Darussalam.

TERMS AND CONDITIONS

• The Programme fee is inclusive of

workshop material(s), refreshment and

certificate.

• Payment must be made upon receipt of

invoice issued by CIBFM.

• CIBFM operates a strict NO CANCELLATION

POLICY once the receipt of registration has

been issued. However, CIBFM will welcome

and accept replacements.

• CIBFM reserves the right to amend, change

or cancel the programme at any given time.

We will immediately notify participants and

organisations if any such changes are to be

made.

Please email your completed form to

registration@cibfmbrunei.com before

Stakeholders Non-stakeholders

$2,170 $2,170

SBS REDEEMABLE 5% FOR STAKEHOLDERS