Institute of Risk management (IRM)/Certificate in ERM / Module 1

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Decks in this class (33)

IRM M1 U1.1 Introducing ERM
Definition of risk comes asper in...,
Following the iso 31000 definitio...,
Iso 31000 defines risk management
17  cards
IRM M1 U1.3 Importance of ERM for organisations
Why is risk management important ...,
Purpose benefits of risk management,
Benefits of risk management
11  cards
IRM M1 U1.2 Evolution of ERM
Historically risk management has ...,
A historical timeline in risk man...,
Which sector had cro first developed
6  cards
IRM M1U1.4 Different appoaches to ERM
What question all risk management...,
The four step model was developed...
2  cards
IRM Abbreviations & Key Terms
Coso,
Iso,
Rasp
25  cards
IRM ERM M1U1.5 ERM Standards And Framework
Where and when the first ever ris...,
Iso 31000 2018 consists of,
It should be noted that iso 31000...
14  cards
IRM ERM M1U2.1 Principles From International Standards
Principles of is,
Iso 31000 principles,
Coso assessment by irm
12  cards
IRM ERM M1U2.2 2.2 RASP – Risk Architecture
Risk architecture is described in...,
Agency theory,
Rasp explained
14  cards
IRM ERM M1U2.3 RASP - Strategy
Rm strategy input into stoc,
The components of the risk strategy,
Erm policy
9  cards
IRM ERM M1U2.4 RASP - Protocols
Riks protocols,
Risk manual,
Risk tools techniques
7  cards
IRM ERM M1U2.5 Risk management processes
As noted in unit 1 section 5 ther...,
8 rm steps of iso 31000 process,
Iso difference from other stand arts
12  cards
ERM IRM M1U3.1 Establishing Internal & External Context
3 components of context,
Iso 31000 purpose of the establis...,
Pestle risk classification system
15  cards
IRM ERM M1U3.2 Objectives
The three levels of objective set...,
Smart objectives,
The role of risk in strategy sele...
7  cards
IRM ERM M1U3.3 - Identification of Risks
Iso 31000 risk identification is ...,
Risk assessment three stages,
Investigating the consequences of...
15  cards
IRM ERM M1U3.4 Risk analysis
Iso 31000 2018 the purpose of ris...,
Chartered institute of internal a...,
Orange book 2020 and coso 2017 ri...
27  cards
IRM ERM M1U4.1 Management of risks using real controls
Purpose of managing or treating r...,
Feedback loop into the risk manag...,
Iso control definition
13  cards
IRM ERM M1U4.2 Control effectiveness
Cost associated with responding t...,
Hierarchy of controls h s,
The swiss cheese model of control...
3  cards
IRM ERM M1U4.3 Monitoring & Reviewing Risks
Monitoring and reviewing risks,
Three methods to monitor risks,
Key risk control indicators
9  cards
IRM ERM M1U4.4 Reviewing risks
Risk reviewing,
Risk,
Risk control self assessment
9  cards
IRM ERM M1.U4.5 Communication versus consultation
Iso communication and consultation,
Risk communication whistleblowers,
Whistleblowing ex barclays fine f...
14  cards
IRM ERM M1.U4.6 Risk based decision making
6 steps of the decision making pr...,
Type of decision maker,
Decision making style
3  cards
IRM ERM M1U5.1 Risk Culture
Irm risk culture definition,
Actions to improve risk culture,
Trait of strong risk culture delo...
11  cards
IRM ERM M1U5.2 People and Risk Culture
Irm s risk culture framework,
Personality profiling methodologi...,
Personal predisposition to risk
9  cards
IRM ERM M1U5.3 Models Of Risk Culture
Irm lilac,
5 inicators of positive risk culture,
Lilac examples
8  cards
IRM ERM M1U5.4 Successful Risk Culture
Styles of risk management,
Steps to successful risk management,
Rm implementation barriers
11  cards
IRM ERM M1U5.5 Risk Appetite & Tolerance
Irm s definition of risk universe,
Risk capacity was defined as the ...,
Risk capacity risk appetite
6  cards
IRM ERM M1U5.6 Designing risk appetite statements
Designing risk appetite statement...,
6 principles when designing a fra...,
Stages for developing risk appeti...
4  cards
IRM ERM M1U5.7 - Risk appetite criteria
Three leg or four leg risk appeti...,
The uk government 2021 five leg s...,
Risk appetite triggers
6  cards
IRM ERM M1U6.1 Corporate governance
History of corporate governance code,
Corporate governance definition,
The main features of the uk corpo...
11  cards
IRM ERM M1U6.2 Board structures
Board of directors or trustees,
Non executive directors,
Models for board structures
8  cards
IRM EMR M1U6.3 – Regulatory influences
Three key influences over corpora...,
Regulatory influences,
History of the uk s financial rep...
9  cards
IRM ERM M1U6.4 - Board roles and responsibilities
Responsibilities of non executive...,
Responsibilities of the board as ...,
Such as increasing its ability to...
3  cards
IRM ERM 6.5 Role of internal audit
Role of internal audit,
Assurance,
Assurance mapping
14  cards

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Institute of Risk management (IRM)/Certificate in ERM / Module 1

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