Communicating the Value of ERM, Culture and Governance: The Positive Impacts of ERM on Morale and How to Achieve Sustainable Motivation – 2018

In this 2018 Summit presentation… Over the past decade, the ERM community of practice has been making great strides in implementing ERM in the Federal government. As we sustain and improve upon these ERM programs, we can’t lose sight of the importance of motivation. We need to continue to motivate our risk management practitioners as well as our stakeholders. Hear from government leaders on the attitudes, behaviors, tone at the top and corporate values they use in managing risk and how they communicate the value of ERM, culture and governance to motivate their workforce to continue to implement and improve upon their ERM practices.
Speakers: Jennifer Hills, King County, Washington; Carissa Riddle, HUD
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RIMS Professional Growth Model

This model provides a guideline for risk management professionals – and the organizations that employ them – about the professional knowledge, skills, and abilities that support career development and growth. It also provides guidance for individual development, and describes those accomplishments that distinguish the risk management professional at every level – from those entering the profession through to those entering the boardroom. Use of this model will allow risk management professionals to better understand how to develop and apply the abilities, knowledge, skills and attributes they need to be successful at each stage in their chosen career path.

RIMS Risk Management Professional Core Competency Model

The RIMS Risk Management Professional Core Competency Model encompasses expected competencies in seven areas: core competencies, attributes, organizational knowledge, business knowledge, risk management knowledge, technical skills and management skills. Knowledge and techniques listed in the skill areas can be learned. Technical and management skills reflect a wide-ranging level of experience.

COSO Enterprise Risk Management-Integrated Framework Update

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has unveiled an update to its Enterprise Risk Management – Integrated Framework and is seeking public comment of the proposal, from June 15 through Sept. 30. The update, Enterprise Risk Management — Aligning Risk with Strategy and Performance, is designed to address the needs of all organizations to improve their approach to managing new and existing risks as a way to help create, preserve, sustain, and realize value.

Link to COSO site: http://www.coso.org/ermupdate.html.

ERM Basics for A-123

Government agencies exist to deliver service that is in the public interest. The delivery of an agency’s objectives is surrounded by uncertainty which both poses threats to success and offers opportunity for increasing success….
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