ERM Strategy Workshops
Co-create your strategy with your executive team
An ERM Strategy Workshop builds agreement across your executive team on the optimum risk management approach to suit your organisation’s specific situation and growth strategy.
A great ERM strategy workshop
A great ERM strategy workshop means:
- Each executive’s view of the current risk program is heard.
- A picture of a valuable future is painted for them.
- Gaps are identified and decisions made on how to attain that value.
You know that tone from the top is incredibly important in the success of any risk management program. Getting the right tone, when the risk management program has been thrust on an executive team, is far more challenging than when your strategy is co-created with them.
Too many executives still see risk as a compliance function. Done well, risk programs deliver valuable insights to decision makers. Done very well, the ability to put a risk lens over key decisions is seen as a leadership imperative for establishing a more agile organisation. That is, better and faster decision making within an agreed appetite for risk taking.
Read on for how I help risk and executive teams co-create an ERM strategy that delivers strong value to leaders, the board and the organisation as a whole.
The aim of an ERM framework is to drive the behaviours sought. However, some staff may have poor perceptions of risk frameworks and without a well-thought through implementation process, staff will not engage with the risk function.
I help the executive clearly identify the risk culture and behaviours sought. I also help them consider and choose the optimal design of your ERM program, to ensure staff engagement. This includes identifying the most suitable risk management model (it’s not always the Three Lines Model) and effectively integrating strategy with risk.
I also help risk teams design an implementation plan with a strong communications strategy that will give staff a very positive first experience of the new approach which will continue to engage them to embed good practices.
Implementing a new approach within risk teams is like designing a kitchen. Just as you need to carefully plan the layout to ensure everything is in the right place for ease of use, you need to think through what people need to do, where and how they need to do it. By designing the process to be as intuitive as possible and adding a touch of polish, you ensure that staff have a great first impression and are motivated to engage with the new approach.
