nexustandards.com/systemic-risk · 3 taught
Hatari za Kimfumo
NRS-C2 Risk assessment method; NRS-C16 Risk-informed decisions
3viwango1discipline
Illustrative: likelihood by impact as columns with score as height and colour, risks moving across it as controls act
Risk Academy, led by the Nexus Consortium · Risk Science and Methods · Department of Risk Management
ISO 31000 and COSO, appetite and tolerance, registers and the Three Lines Model
Enterprise risk management and risk frameworks
Enterprise risk management states how an organisation identifies, assesses, treats and reports its risks as one process.
- Department
- Department of Risk Management
- Kozi
- In preparation
- Ngazi
- L1 Introductory, L4 Integrative
- Maabara
- Network lab
- ISO 31000 principles and process
- COSO enterprise risk management
- Risk appetite and tolerance
- Risk registers and taxonomies
- The Three Lines Model
- Integrating risk disciplines
- ERM maturity
- Reporting risk to boards
02Maps
Build a twin of any place
Search any place or open the world; the layers and generators follow enterprise risk management and risk frameworks on the planet map, the globe and in 3D.
- Terrain 24 to 2,805 m
- 3 reference earthquakes, M6.2 to M6.6
- Earthquakes M4.5 and above, past week: read live when the 3D twin opens
- USGS ShakeMap intensity contours: read live when the 3D twin opens
Drag to move, right drag or Shift with a drag to turn and tilt, Ctrl with the wheel to zoom. Keyboard: arrows move, Shift with arrows turn and tilt, + and – zoom, 0 resets, V steps through the views, Escape clears.
Flat plan of the same data: relief, the three reference epicentres with magnitude and depth, and the numbers below; the sampler's figure shows one precomputed field with its parameters. The 3D twin opens on devices that can draw it, once its data and code have been checked.
The boundaries, names and designations shown do not imply any judgement on the legal status of any territory, or any endorsement or acceptance of such boundaries. Countries: Natural Earth (public domain).
03The subject
The subject, methods and measures and debates and bodies
The field and its scope
For risk officers, internal auditors, strategists and board advisers who need to set up, run or challenge an organisation-wide risk framework and show how it informs decisions.
Quantities and units
Methods and their limits
Each method is listed with what it assumes and where it fails.
What the field debates
Bodies that set practice, and the data they publish
Bodies and standards are named so that learners can find and apply their published work. The Academy teaches the use of that work and links to the publisher. No affiliation is implied.
04The method
From a register line to an appetite test: likelihood, impact, treatment and the residual that remains
A register line holds a likelihood and an impact; their product is inherent exposure; a treatment removes a stated share of it; what remains is compared with the appetite the board has written down, and that comparison, not the colour of a cell, is the decision.
Sources: ISO 31000:2018 Risk management, Guidelines (2018); COSO, Enterprise Risk Management: Integrating with Strategy and Performance (2017); Kaplan and Garrick, On the quantitative definition of risk, Risk Analysis (1981); Cox, What's wrong with risk matrices? Risk Analysis (2008); The IIA's Three Lines Model: an update of the Three Lines of Defense (2020).
05At a glance
At a glance, with 5 related topics
Enterprise risk management and risk frameworks at a glance
risksacademy.comrisk-sciencediscipline
- Open, 0
- In preparation, 3
- Also taught here, 1
- Subtopics, 8
Nexus Standards it teaches and relies on
The Nexus Standards the discipline teaches toward, grouped by master standard, with the disciplines that teach each.
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards. The mapping is open for public review.
Research and tools
Research and preprints as they are published, by discipline, with the faculty's other tools.
The hub lists the newest research and preprints for Enterprise risk management and risk frameworks, each with its source and date. Open the research hub
Frameworks and standards it works with
From the Academy's risk taxonomy: the discipline's own entries and those of its primary courses, with how many courses teach each.
Frameworks and standards
- COSO Enterprise Risk Management framework1 course
- COSO Internal Control framework1 course
- ISO 31000 risk management guidelines1 course
- Three Lines Model1 course
Methods and practice
- Uchambuzi wa maamuzi1 course
- Qualitative risk assessment tools1 course
- Scenario analysis and stress testing1 course
Kinachobadilika sasa
Recent developments in enterprise risk management and risk frameworks, each with its source; sources checked on 16 October 2026.
Courses in this discipline
Courses for this discipline are in development. Until they open, study the discipline through the connected courses and open lessons below.
Courses from connected disciplines that also teach this field
Each course has its primary discipline elsewhere and teaches this field as part of its scope.
From connected disciplinesIn preparation
- RAT-207Quantitative Risk ModellingIn preparationTechnical, L2 Intermediate, 12 hours (estimate), primary discipline: Quantitative risk analysis and statistics
06Maabara
How the subject is practised in labs
| Lab | What you do in it | Courses using it |
|---|---|---|
| Network lab | Build dependency graphs, find critical nodes, trace cascades | 1 |
07Dashibodi
How Enterprise risk management and risk frameworks is taught, as a process you can run
Press Play to run this process from this page's own data.
Process explorer
How Enterprise risk management and risk frameworks is taught
17 steps6 stages
08Learning
Learning, practice and connections
Achievements in this discipline
Pathways that teach it
Where the subject is practised
- The Global Centre for Risk and Innovation (GCRI Canada)Usimamizi wa Hatari za KimfumoEnterprise and public risk, Risk governance and appetite, Identification and risk taxonomy
- Usimamizi wa hatari na hatari ya kimfumo
Field platforms of the ecosystem where the subject is studied and applied.
The two Foundry systems where it is practised
- FoundryNXS-CMD systemPortfolio exposure and readinessPortfolios room
- NXS-NSF systemAssurance of risk controlsAssurance room
Foundry system pages describe what each system and its rooms are designed to do; the courses teach the methods these systems apply.
Across the ecosystem
09Shiriki
Take part in Risk Science and Methods
Anza na wewe ni nani.
10References
Core references and where to begin
Start with International Organization for Standardization, then Kaplan, then Kaplan.
11Maswali
Maswali, majibu na istilahi muhimu
Je, kusoma hapa ni bure?
Ndiyo. Kila kozi na nyenzo ya kujifunzia ya Risk Academy, inayoongozwa na Nexus Consortium, ni bure kusoma, kwa kasi yako mwenyewe au pamoja na kundi. Ushiriki wa kawaida hauna ada. Kazi inayolipwa, mafunzo kazini na ushirika wa kitaaluma ni mipango tofauti.
Kukamilisha kozi kunanipa nini?
A completion record: the course, its version, the date and what was assessed, private by default and shared by you. It stacks into discipline, department and programme achievements. A record states what was studied and assessed and does not certify competence. A record is not a licence, a professional title or an employment status.
Data na maeneo yanatoka wapi?
Every faculty teaches on a twin of a real place built from open data. Each layer carries its provider, licence and date, and every result on the Academy states its source. Maps and figures are indicators for teaching, never an assessment of a place.
How do I take part beyond the courses in enterprise risk management and risk frameworks?
Unda seli ya umahiri ya watu watatu hadi saba, soma njia ya mafunzo ya pamoja, chukua kazi inayosimamiwa katika Vikundi Kazi vya Kitaifa, au leta kundi la wanafunzi kutoka taasisi yako. Open the page for organisations.
Istilahi kuu
Istilahi
Risk appetite
The amount and type of risk an organisation is willing to pursue or retain.
Istilahi
Risk register
A record of identified risks with their owners, assessments and treatments.
Istilahi
Risk owner
The person accountable for managing a risk.
Istilahi
Inherent and residual risk
Risk before and after controls are applied.
RipotiChangia
Changia ushahidi kutoka ukurasa huu.
Reports ni chapisho la robo mwaka la Muungano. Unachojua kuhusu mada hii kinaweza kuwa ushahidi, mfano au marekebisho katika toleo lijalo, kikitajwa kwa jina lako na kuchapishwa chini ya CC BY 4.0 pale kinapokuwa kazi yako mwenyewe.
Risk Academy
Related
Around Enterprise risk management and risk frameworks
Enterprise risk management and risk frameworks
Prepare with a related course
Open courses in connected disciplines teach the methods this discipline will build on.