Enterprise Risk Management and Reporting

Intake Opening Soon 5:00 - 7:00pm Online



In today’s world of evolving technologies and an ever changing business environment, organizations are taking on increasing levels of risk. Some risks may be known and understood, other may be known but not properly understood and there will also be some risks that are unknown.

Having the right processes in place is a way forward to avoid unknowns and ensure a proper understanding on risk. On paper, this may sound easy to implement and manage. In practice, it requires a cultural shift for people to take risk-based decision based to ensure organisation can meet the strategic objective set.

This course covers the basic concepts of Enterprise Risk Management.


Course Topics

  • Enterprise Risk Management basics
  • Standards and best practice
  • Changing to a risk-based decisions culture
  • Involving senior management
  • How to structure the process
  • Reporting and follow-up
  • Training and knowledge development


Learning Objectives

Gain a practical understanding of the roles, responsibilities and ultimate aim of Enterprise Risk Management and how, if properly implemented and managed, can help an organisation reach its strategic objectives.


Target Audience

  • Risk Managers
  • Risk Analysts
  • Internal Audit Managers


Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).


What I appreciated most was the professionalism of the trainer, he allows time for questions and shares examples for different arguments. The training materials were useful and distributed in time.



Stefan Lia, ACII, BA(Hons) Fin. Serv., MSc, CRISC

Stefan Lia currently Heads the Governance, Risk and Compliance Function at Betsson Group. His responsibilities include coordinating internal audit, managing the group insurance program, designing, implementing and managing risk management and governance processes and acting as advisor to operational management on various matters.

Stefan started his career working with a Maltese insurer where he was responsible for Commercial Insurance underwriting. This was followed by a stint at the MFSA where he spent over four years as part of the Consumer Complaints Unit. Prior to joining Betsson in his current role, he was part of the team Risk Advisory at Deloitte Malta.

Stefan holds an Advanced Diploma in Insurance from the Chartered Insurance Institute, a BA Hons in Financial Services from University of Edinburgh Napier and MSc in Risk Management from Glasgow Caledonian University and is certified in Risk and Information System Controls by ISACA.



I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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