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1 Overview ERM

This document discusses enterprise risk management (ERM). It defines risk as the possibility that an event could adversely impact objectives, while an opportunity is the possibility an event could positively impact objectives. ERM is described as an ongoing process applied across an organization and designed to identify potential events that could affect the organization and manage risk to be within its risk appetite to reasonably ensure achieving objectives. The document also outlines the key components of ERM frameworks including objective setting, risk identification, assessment, response, control activities, information and communication, and monitoring.

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54 views20 pages

1 Overview ERM

This document discusses enterprise risk management (ERM). It defines risk as the possibility that an event could adversely impact objectives, while an opportunity is the possibility an event could positively impact objectives. ERM is described as an ongoing process applied across an organization and designed to identify potential events that could affect the organization and manage risk to be within its risk appetite to reasonably ensure achieving objectives. The document also outlines the key components of ERM frameworks including objective setting, risk identification, assessment, response, control activities, information and communication, and monitoring.

Uploaded by

carwadevilisback
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MOHAMAD HASSAN, MAFIS, QIA, CRMP, CRMA

ERM
The chance of something happening that will
have an impact upon objectives.
Events or circumstances that could impact the
achievement of objectives
The chance of something happening that
will have an impact upon objectives
Kejadian alam Operational
Manusia Politik
Technology Commercial
Pegawai Financial
Legal Management
Pendapatan Kinerja
Aktiva Reputasi
Jasa layanan People
Lingkungan Masyarakat
Aktiva Kinerja
Reputasi Biaya
Pendapatan People
Jasa Masyarakat
Lingkungan
LINGK. INTERNAL
Ekspansi
Diversifikasi
Kultur
Distribusi
Risk Appetite
People
Proses
Teknologi

KONDISI
EKONOMI

TREND &
LEGAL

SOSIAL
POLITIK

KONDISI
EKONOMI


REPUTASI

PERILAKU
PELANGGAN



PESAING

EKSPEKTASI
INVESTOR
Finansial
Aset
Operasi

Business
Event
Liability
Cara yang tepat dan efektif untuk
menciptakan value adalah dengan memahami
lingkungan Risiko secara keseluruhan dimana
organisasi melaksanakan kegiatannya.
Agar pelaksanaannya lebih efektif, risk
management memerlukan perubahan persepsi
dari para leader :
Kemampuan membatasi risiko untuk
mencapai tujuan
Pengendalian dalam mengelola risiko
Unit bisnis
Enterprise Risk Management ???
Opportunity
Chance
Threat
Hazard
Uncertainty
RISK & OPPORTUNITY
Risk is the possibility that an event &
adversely affect the achievement of
objectives.

Opportunity is the possibility that an
event will occur and positively affect
the achievement of objectives.
Rugi tak terduga
Lingkungan cepat berubah
Mengembangkan corporate governance
Menerapkan strategic management
KPI turun dan profit margin tipis
Meningkatkan pengelolaan intangibles
Meningkatkan capital budgeting decisions
Growth strategy
Mengurangi reactive decision making
A process, effected by an entitys
board of directors, management
and other personnel, applied in
strategy setting and across the
enterprise, designed to identify
potential events that may affect
the entity, and manage risk to be
within its risk appetite, to
provide reasonable assurance
regarding the achievement of
entity objectives.
Risk
Management.
I wonder
what that
is!
On going process
Affected by people
Should be applied in setting organization strategy
Must be applied across the organization
Risk appetite should be considered
Will only provide reasonable assurance
Must focus on the achievement of objectives
ERM CONCEPT
COSO - ERM
Monitoring
Objective setting
Event identification
Risk Assessment
Risk Response
Control Activities
Information and Communication
Internal Environment
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COSO - ERM
Internal Environment
Risk Management Philosophy Risk Culture Board of Directors Risk Appetite
Organizational Structure
Objective Setting
Strategic Objectives Related/Selected Objectives Risk Appetite Risk Tolerance
Event Identification
Factors Influencing Strategy & Objectives Methodologies & Techniques Risks &
Opportunities
Risk Assessment
Inherent & Residual Risk Likelihood & Impact Methodologies & Techniques Correlation
Risk Response
Identify & Evaluate Possible Risk Response Select Responses Portfolio View
Control Activities
Integration with Risk Response Types of Control Activities General & Specific Controls
Information and Communications
Information Strategic & Integrated Systems Communications
Monitoring
Separate Evaluation Ongoing Evaluations
INTERNAL ENVIRONMENT : risk management philosophy, organizations
risk appetite, organization risk culture, erm & the board of directors, integrity &
ethical values, erm commitment to competence, managements philosophy &
operating style, organization structure, assigments of authority & responsibility,
and human resources policies & procedures.
OBJECTIVE SETTING : ensure management has in place a process to set
objectives.
EVENT IDENTIFICATION : internal & external events risks & opportunities.
RISK ASSESSMENT : analyze likelihood & impact, assessing inherent &
residual risks.
ERM FRAMEWORK
ERM FRAMEWORK
RISK RESPONSE : avoiding, accepting, reducing, sharing risk,
development of actions.
CONTROL ACTIVITIES : policies & procedures to ensure risk response
effective.
INFORMATION & COMMUNICATION : relevant information
identified, captured, communicated form & timeframe.
MONITORING : ongoing & separate evaluation.

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