ERM Alumna Interview

Marianne Roth

Senior Fellow for Enterprise Risk Management (ERM) at the Consumer Financial Protection Board (CFPB), Chief Risk Officer at CFPB

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ERM FAQ

Certification Program in ERM in Government

GW-CEPL Enterprise Risk Management Certification Program

Public sector organizations face more and diverse crises today than ever before. Given our connected world, these disruptive events can have a rippling effect throughout an organization, crippling its ability to meet its mission and strategic objectives. A new risk management paradigm is required, one that is grounded in an organization's strategic goals and priorities, and takes into account the ever-changing, dynamic government operating environment.
Enterprise Risk Management (ERM) offers a framework that can help organizations understand and manage the full spectrum of risks they confront, thereby improving uncertainty planning and achieving better performance results. To implement such a framework, organizations need persons who can help build a successful ERM Program that provides an integrated, holistic view of risk that is both inward- and outward-focused.
GW’s Certification Program in Enterprise Risk Management for Government is designed to provide you and your organization with the fundamental concepts and processes, principles, tools and techniques of ERM in the context of organizational change. The program will not only help you develop your knowledge of the ERM process, procedures and skills, but also enable you to apply the coursework to a practical application relevant to your organization.

Certification Objectives:

  1. Understand the fundamentals of Enterprise Risk Management in government
  2. Apply Enterprise Risk Management tools and techniques in government organizations
  3. Develop and implement risk management strategies, tools, processes, and procedures
  4. Utilize risk-informed decision making
  5. Contribute to the body of knowledge of Enterprise Risk Management

Certification Requirements:

  1. ERM Certificate Program (5-day) - Scheduled bi-annually
  2. Tools and Techniques of ERM Program (3-day) - Scheduled bi-annually
  3. Comprehensive Exam - Scheduled individually

NOTE: 
The 5-day ERM Certificate program and the 3-day Tools and Techniques of ERM program can be completed independently, and in any order within a 3-year period. Only individuals who have successfully completed both of these two components can apply for the comprehensive exam.

A Tailored Approach: 
Using our experience working with the U.S. Transportation Security Administration, U.S. Veterans Benefits Administration, U.S. Citizenship and Immigration Services, and others, the GW faculty team can also work with your organization to develop a tailored curriculum to fit your organization’s needs, designing case studies and examples that reflect the particular challenges that are facing your agency.

Moe Nikbakhshian
Big Data & ERM Program Director
Email: [email protected]
Phone: 703-597-5407

Kateryna Pyatybratova
Marketing and Business Development Director
Email: [email protected]
Phone: 202-994-5309

Enterprise Risk Management in Government

ERM Certificate Program (5-day)

Overview: In the course of the 5-day program, participants will have the opportunity to learn, apply and integrate the concepts, methods, and techniques of ERM into their daily business practices and processes. The program will also explore how to create a risk-aware culture, and link risk management efforts to critical risks that can impact the strategic goals of the organization and its ability to achieve its mission.

Dates: October 22-24 and October 29-31
Cost: $6,450

Sample Agenda:

Day 1: Overview of Enterprise Risk Management in Government
Day 2: Principles and Practices of Risk Management
Day 3: Establishing Risk Management in an Agency
Day 4: Culture and Organizational Change
Day 5: Implementation Planning

Professional Development Units (PDUs):
Upon successful completion of each 5-day course, participants receive 4.0 CEUs and 40 CPEs (Field of Study: Business Management and Organization). In order to earn the Certification participants must successfully complete each of the three modules and pass the final exam. In accordance with the standards of the National Registry of CPE Sponsors, 50 minutes equals 1 CPE.

NOTE: The program does not offer academic credits from GW.

Venue: GWU Alexandria Graduate Center, 413 John Carlyle Street, Suite 250 Alexandria, VA 22314 (5 min walk from Blue/Yellow Line and 15 min drive from the Reagan National Airport)

 

Tools and Techniques of ERM Program (3-day)

Overview: This 3-day program will take a deep-dive into both the quantitative and qualitative tools of ERM, including risk measurement, robust data analysis, and impact evaluation. Participants will also have to opportunity to learn about some of the best practices of "ERM-mature" organizations, and then practice and apply what they learned in a set of hands-on exercises and a risk modeling simulation.

Note: The program will incorporate some statistical analysis. Participants are asked to prepare for the course independently with a review of basic statistics before the start of the program.

Sample Agenda:

Day 1:

  1. Risk Adjusted Decision Making
  2. Qualitative Risk Assessment Techniques
  3. Introduction to @Risk

Day 2:

  1. Qualitative Risk Assessment Techniques (Cont.)
  2. Problems with Qualitative Risk Assessment Techniques
  3. Basic Statistics
  4. Common Probability Distributions
  5. Curve Fitting Using @Risk

Day 3:

  1. Advances in Quantitative Risk assessments
  2. Probabilistic Risk Assessments
  3. Monte Carlo Simulations
  4. Model Building Using @Risk
  5. KRIs and KPIs Using @Risk (optional)

Dates: October 25-27

Cost: $3,250 ($2,925 for those who have completed 5-day Certificate Program)

Professional Development Units (PDUs): Upon successful completion of each 3-day course, participants receive 2.5 CEUs and 24 CPEs (Field of Study: Business Management and Organization). In order to earn the Certification participants must successfully complete each of the three modules and pass the final exam. In accordance with the standards of the National Registry of CPE Sponsors, 50 minutes equals 1 CPE. NOTE: The program does not offer academic credits from GW.

Venue: GWU Alexandria Graduate Center, 413 John Carlyle Street, Suite 250 Alexandria, VA 22314 (5 min walk from Blue/Yellow Line and 15 min drive from the Reagan National Airport)