Managing all of an organisation's risks together rather than in separate silos. It links risk-taking to strategy and capital.
Where you will meet it
Enterprise risk management comes up in 7 learning outcome notes across the FRM syllabus.
A few of them:
The Building Blocks of Risk Management FRM Part I · Foundations of risk management
“Enterprise risk management (ERM) is a firm-wide, integrated framework.”
Integrated Risk Management FRM Part II · Operational risk and resilience
“An enterprise risk management framework joins three elements that only work together.”
Enterprise Risk Management and Future Trends FRM Part I · Foundations of risk management
“Enterprise risk management is a firm-wide framework for identifying, measuring, aggregating and managing all the material risks the firm faces, judged against its strategy and its stated risk appetite, with oversight at board and senior-management level.”
Enterprise Risk Management and Future Trends FRM Part I · Foundations of risk management
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