Program Overview

Enterprise Risk Management (ERM) Program

The Enterprise Risk Management (ERM) program is designed to equip students with the knowledge and skills necessary to navigate the complex risk landscape of contemporary organizations. The program focuses on strategic and reputational risk, comprehensive assurance strategy and planning, and positioning organizations to manage cybersecurity, financial, environmental, social, and governance risks.

Course Offerings

The ERM program includes the following courses:

• ERM 710: Enterprise Risk Management (3 hours)
  • Recognize key ERM concepts and management issues involved with assessing current and emerging risk environments in both the private and public sectors.
  • Topics include: Strategic and reputational risk; The role and need for comprehensive assurance strategy and planning; Positioning organizations to manage cybersecurity, financial, environmental, social, and governance risks.
• ERM 712: Risk Strategy and Compliance (3 hours)
  • Identify and understand key regulatory risks and internal controls are essential elements of the ERM framework.
  • Learn important concepts, tools, and skills such as: evaluating and executing risk assessment through analytical risk analysis techniques and simulations; designing an organizational global risk management plan; and implementing control measures to assess the plan's effectiveness.
• ERM 714: Financial Risk Management (3 hours)
  • Learn how to identify, evaluate, and develop internal controls to manage financial risks in alignment with organizational strategy.
  • Evaluate how organizations manage financial risk including credit, market, price, and liquidity risks.
• ERM 720: Decision Making for Enterprise Risk Management (3 hours)
  • Learn how to navigate key ERM decisions in a dynamic risk environment.
  • Learn key concepts and skills needed to improve risk-related business problem-solving and managerial decision-making through the use of quantitative and qualitative decision-making tools and techniques.
• ERM 722: Sustainable Operations Risk Management (3 hours)
  • Cover the central concepts of operational risk including risks related to business processes and execution, business continuity, environmental risk, social responsibility, internal and external fraud, financial reporting, third-party management, change management, human capital, supply chain, legal and governance risks.
• ERM 724: Technology, Data, and Cyber Risk Management (3 hours)
  • Explore how organizational responses to cyber security, data, and emerging technologies such as AI can help organizations avoid minefields and capture opportunities.
• ERM 730: Data Analytics and Risk Management (3 hours)
  • Explore the important connection between data analysis, ERM, and organizational strategy.
  • Apply tools used by ERM professionals to analyze different types of data, employ data to support strategy, and create meaningful reporting for target audiences.
• ERM 732: Leadership and Risk Awareness (3 hours)
  • Explore how to align ERM with organizational strategy and deploy leadership methods to promote a risk-aware culture.
• ERM 750: Emergency and Crisis Management (3 hours)
  • Learn how crisis management and its lessons contribute to improving organizational performance on an ongoing basis.
• ERM 799: Capstone in Enterprise Risk Management (3 hours)

Program Overview

The ERM program is designed to provide students with a comprehensive understanding of the principles and practices of enterprise risk management. The program covers a range of topics, including strategic and reputational risk, financial risk management, operational risk management, and technology, data, and cyber risk management. Upon completion of the program, students will be equipped with the knowledge and skills necessary to navigate the complex risk landscape of contemporary organizations and make informed decisions about risk management.