This course provides foundational concepts, frameworks and practices of Enterprise Risk Management (ERM) as a strategic discipline that supports organizational resilience, value creation and informed decision-making. As organizations adopt Artificial Intelligence (AI) to drive efficiency, innovation and competitive advantage, leaders must address amplified risks related to data privacy, ethics, reputation, cybersecurity and regulatory compliance. This course explores how ERM principles evolve in an AI-enabled environment where risks are dynamic and interconnected. Participants will learn how ERM supports responsible AI adoption by aligning risk appetite, governance and controls with organizational strategy, values and stakeholder expectations.
Course ID: ERM-AI
Principles of Enterprise Risk Management (ERM) in the Era of Artificial Intelligence
Learning Objectives
Upon completion of this course participants will be able to
- Identify frameworks and practices of Enterprise Risk Management (ERM)
- Recognize key Artificial Intelligence (AI) risk categories (data privacy, bias, ethical, reputational, regulatory and compliance and third-party / vendor risks)
- Recall and apply ERM frameworks to AI use cases (e.g. COSO factors in AI oversight)
Major Topics
Through facilitation, interactive exercises and real-world scenarios this training emphasizes Enterprise Risk Management (ERM) principles while demystifying Artificial Intelligence (AI) risks. Participants will:
- Identify principles of Enterprise Risk Management (ERM)
- Recognize key AI risk categories (data privacy, bias, ethical, reputational, regulatory and compliance and third-party / vendor risk)
- Apply an ERM framework to an AI use case (e.g. COSO can be adapted for AI oversight)
- Indicate how boards and executives set risk appetite for AI adoption
- Clarify governance, roles and accountability (identify leadership, management and board responsibilities for AI risk oversight).
Advanced Preparations
None
Who Should Attend
Senior Consultants, Managers and Directors
Fields of Study
Management ServicesPrerequisites
None