Enterprise Risk Management (ERM) for Central Bank Strategy Training Course

Introduction
In today’s volatile and interconnected global financial system, central banks face multifaceted risks that span across operational, financial, reputational, and strategic domains. The Enterprise Risk Management (ERM) for Central Bank Strategy Training Course is designed to equip central bank leaders, risk professionals, and strategists with the tools and insights needed to build and sustain an integrated risk management framework. This course focuses on aligning risk governance with institutional mandates, enhancing risk transparency, and embedding ERM into policy formulation and decision-making processes.

Conducted over five days, the course explores the components of a comprehensive ERM system tailored for central banking institutions, including risk appetite development, risk identification and assessment, governance structures, and strategic alignment. Participants will gain hands-on experience through real-world case studies, peer learning, and practical exercises that help embed ERM into core strategic planning, financial oversight, and national policy delivery. The training promotes a forward-looking, risk-aware culture that is essential for strengthening institutional credibility and resilience.

Duration: 5 days

Target Audience:

  • Central bank ERM and strategic planning teams
  • Senior managers and department heads
  • Internal auditors and risk officers
  • Policy and financial stability advisors
  • Governance, compliance, and operations personnel

Course Objectives:

  • Understand the strategic role of ERM in central banking
  • Design and implement an integrated ERM framework aligned with mandates
  • Strengthen risk governance and cross-functional coordination
  • Embed risk appetite, tolerance, and culture into strategy and operations
  • Enhance decision-making and institutional accountability through ERM

Course Modules

  1. Introduction to Enterprise Risk Management for Central Banks
  • Defining ERM in the context of central banking functions
  • Evolution and global trends in public sector risk management
  • Key components of a robust ERM framework
  • Role of ERM in supporting financial and operational stability
  • Benefits of strategic risk integration for central banks
  1. ERM Governance Structures and Roles
  • Board and senior management responsibilities in ERM oversight
  • Risk committees, ownership, and accountability models
  • Risk function structure and reporting lines
  • Integrating ERM with audit, compliance, and policy teams
  • Building a risk-aware culture from the top down
  1. Risk Identification and Assessment Techniques
  • Mapping central bank activities to risk types
  • Qualitative and quantitative risk assessment methods
  • Tools for risk mapping, heat maps, and risk registers
  • Scenario analysis and early warning indicators
  • Prioritizing strategic and emerging risks
  1. Developing and Implementing Risk Appetite Frameworks
  • Defining risk appetite and tolerance for central banks
  • Aligning risk appetite with institutional goals and mandates
  • Setting metrics, thresholds, and escalation procedures
  • Embedding appetite statements into strategy and planning
  • Monitoring and reviewing risk appetite over time
  1. Strategic Alignment and Integration of ERM
  • Embedding ERM into strategic planning and budgeting
  • Linking risk insights to policy and program design
  • Facilitating cross-departmental collaboration on risk
  • Aligning ERM with key performance indicators (KPIs)
  • Ensuring flexibility and responsiveness in risk strategy
  1. Risk Monitoring, Reporting, and Communication
  • Developing risk dashboards and reporting templates
  • Escalation paths and board reporting frameworks
  • Communicating risk to internal and external stakeholders
  • Leveraging technology and data for risk intelligence
  • Aligning reporting with regulatory and transparency standards
  1. ERM and Crisis Preparedness
  • Using ERM to inform business continuity and contingency planning
  • Integrating risk management with crisis response functions
  • Stress testing and scenario-based response planning
  • Coordinating risk responses across departments and sectors
  • Lessons from past financial and operational crises
  1. Case Studies, Tools, and Action Planning
  • International central bank ERM case reviews
  • Tools for ERM framework development and maturity assessment
  • Peer exchange on ERM challenges and innovations
  • Designing and presenting an ERM implementation roadmap
  • Final exercise: building a strategic ERM plan for a central bank

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Enterprise Risk Management (erm) For Central Bank Strategy Training Course in Nigeria
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