Enterprise Risk Management Framework™
ISO 31000 + COSO ERM applied to Nigerian operating reality.
An end-to-end ERM operating model — risk universe, appetite, KRIs, register, reporting and assurance — calibrated for Nigerian boards, regulators and second-line teams.
- Risk Universe
- Risk Appetite
- Risk Register
- KRI Library
- Heat Map
- Quarterly Risk Report
- Board / Risk Committee oversight
- CRO / Head of Risk ownership
- First-line risk owners
- Second-line monitoring
- Third-line assurance
Baseline
Run the Enterprise Risk Maturity Assessment™ and map current state.
Design
Document risk appetite, KRI library and register structure.
Implement
Roll out the toolkit, register and reporting cadence.
Assure
Embed second- and third-line review and quarterly board reporting.
Fragile
Risk managed informally and reactively; no register; narrative-only reporting.
Functional
Basic registers and policies exist but siloed and backward-looking.
Disciplined
Standardised, governed ERM with appetite, controls and KRIs.
Strategic
ERM integrated into strategy and decisions; quantified; forward-looking.
Resilient
Predictive, embedded, board-assured; risk is a source of advantage.
- Maturity assessment complete
- Risk universe drafted
- Appetite approved
- Register populated
- KRIs defined
- First quarterly report issued
- Assurance plan in flight
- ERM Toolkit (PDF/DOCX)
- Enterprise Risk Register (XLSX)
- Risk Heat Map (XLSX)
- Quarterly Risk Report
Across the ecosystem
Knowledge graph · 11 relations