Navigating through a volatile risk landscape with Enterprise Risk Management
In a volatile, business landscape, risks are always arising, growing and evolving. To confidently seize opportunities in such an environment, organisations need to identify, understand and map risks at a strategic level when setting objectives and making key decisions.
Enterprise Risk Management (ERM) is a tried and tested framework that helps organisations achieve their objectives, so they can successfully navigate this risk landscape. Continually identifying, assessing, managing and monitoring risks across the organisation using an ERM approach provides the assurance that objectives can be achieved and opportunities taken, all supported by informed decision making.
Expert ERM guidance is now available exclusively to Ecclesiastical policy holders
As experts in our chosen markets, we already have an in-depth understanding of both the opportunities and risks. Our ERM experts are able to help organisations identify and navigate these risks along the path to success.
Meet Sarah Pearson – Head of Enterprise Risk Management
A more experienced guide to the corporate risk landscape would be hard to find, with expertise across the public, private and voluntary sectors.
Qualified in risk management, business continuity and insurance, Sarah has a proven track record gained over 24 years working in senior roles with a risk focus, as a consultant, advisor, business partner, practice leader and head of ERM.
Get a better view of the landscape, guided by ERM
- A structured approach provides greater understanding of the total risk profile so the organisation can assess risks and seize opportunities
- ERM supports the achievement of objectives by enabling informed decision making
- It is a foundation of good governance and provides greater assurance
- ERM is proactive rather than reactive, encouraging measured risk taking
- ERM has been proven to deliver enhanced performance and better service outcomes
- Future proof the organisation, safeguard reputational capital and gain competitive advantage
To help you on your journey, below are a few tools and guides.
ERM Getting started guide
A short document which can be used as a starting point; highlighting key themes and supporting steps to help you begin your Enterprise Risk Management journey.
An Enterprise Risk Management Toolkit which outlines a tried and tested framework for managing risks following a 5 step approach. The guidance will enable you to assess risks, recognise any gaps and identify the controls and actions required to further reduce your levels of risk.
ERM Toolkit summary
This is an ‘at a glance’ guide to the 5 step approach which can be used when conducting risk assessments. When using the Toolkit, it is useful to get the right people around the table to gather the appropriate information. Engaging a wider senior leadership team or group of subject matter experts from across the organisation can provide the broader view required for Enterprise Risk Management, eliminating the need for additional conversations.
ERM Working group - Terms of Reference
This is a sample terms of reference for a Risk Management Working Group. It highlights how the group can champion and promote risk management across the organisation, to further promote risk management and good governance.
Risk register template
The register template, with supporting guidance, can be used to record strategic and/or departmental risks. After the risk assessment has been completed, the template can be used to provide clear visibility of the risks identified with a dashboard style view.
Business continuity guidance
This is a ‘walk through’ of the key stages of the business continuity lifecycle based on the BCI Good Practice Guidelines 2018 Edition. The document provides a number of question sets, templates and checklists to support the development of Business Continuity Management (BCM) within your organisation.
This guidance is provided for information purposes based on Enterprise Risk Management best practice and is general and educational in nature.
It does not constitute legal advice. You are free to choose whether or not to use it and it should not be considered a substitute for seeking professional help in specific circumstances.
You acknowledge that over time, this guidance may become out of date and may not constitute best market practice.
Accordingly, Ecclesiastical and its subsidiaries shall not be liable for any losses, damages, charges or expenses, whether direct, indirect, or consequential and howsoever arising, that you suffer or incur as a result of or in connection with your use or reliance on the information provided in this guidance except for those which cannot be excluded by law.
Our Enterprise Risk Management (ERM) support is a non-regulated activity providing optional support to you outside of our insurance products.