Description

A focused course, tailored for you

Building the Independent Enterprise Risk Management Practice (Risk Framework + Quantification + AI Risk + Operational Risk + Vendor Risk + Engagement Economics)

Build the independent enterprise risk management practice in 10 weeks. Risk framework + quantification + AI risk + operational risk + vendor risk + engagement economics.

Independent ERM consultants compete with Big4 risk practices and specialist firms on the same engagements. Customers ask for modern risk framework, quantification methodology, AI risk integration, operational risk, vendor risk, and engagement economics that work for independent practice. Consultants who build the modern practice take the senior client work. Here is the 10-week build.

$199 one-time

Tailored to your situation. Access within 24 hours. 30-day money-back.

Includes a hand-built implementation playbook delivered alongside course access, generated for your specific situation.

Why this course

Independent enterprise risk management consultants (boutique ERM practices, solo ERM practitioners, mid-tier risk firms, fractional CROs) compete with Big4 risk practices (the firm Risk Advisory, the firm Risk Consulting, the firm Risk Advisory, the firm Risk Assurance) and specialist firms (Protiviti, RGP, RSM, BDO Risk Advisory, Crowe Risk Advisory, Baker Tilly Risk Advisory) on the same client engagements.

Clients (mid-market firms building ERM, regulated-sector firms updating ERM, multinational firms integrating ERM across geographies, public-sector entities under state-and-federal mandates, non-profit entities under Form 990 disclosure pressure) ask for modern risk framework (COSO ERM 2017 alignment, ISO 31000 alignment, integrated NIST + COSO framework, RIMS Risk Maturity Model), quantification methodology (FAIR Factor Analysis of Information Risk for cyber, FAIR-RA Risk Appetite for operational, Monte Carlo simulation, value-at-risk modelling), AI risk integration (NIST AI RMF integration, EU AI Act risk classification, sector-specific AI risk overlay), operational risk (process-safety where applicable, third-party risk, model risk, conduct risk), vendor risk (TPRM modernisation), and engagement economics that work for independent practice.

Consultants who build the modern practice take the senior client work. Consultants who stay on classic risk-register-only patterns watch the senior work shift to peers.

This course teaches the 10-week build of the independent enterprise risk management practice: risk framework, quantification methodology, AI risk framework, operational risk framework, vendor risk framework, engagement economics, and the client engagement model. Twelve modules with deliverables. Plus a hand-built implementation playbook for your specific practice and client mix.

What you walk away with

A documented risk framework (COSO ERM + ISO 31000 + NIST integration).
A quantification methodology (FAIR + Monte Carlo + VaR).
An AI risk framework (NIST AI RMF + EU AI Act).
An operational risk framework.
A vendor risk framework (TPRM modernisation).
An engagement economics framework.
A client engagement model.
A 10-week build plan.

The 12 modules

Module 1. Enterprise risk management landscape 2026

Detailed walkthrough of the ERM landscape in 2026: COSO ERM 2017 + ICIF 2013 alignment, ISO 31000:2018, NIST RMF, RIMS Risk Maturity Model, FAIR institute development, sector-specific ERM (Fed SR 11-7 for FS, NAIC for insurance, OSFI E-21 for Canadian, EU DORA for EU FS, EU AI Act for AI, NIS2 for critical infrastructure), AI risk landscape, and the strategic-level decisions facing independent consultants.

Module 2. Risk framework

Build the modern risk framework: COSO ERM 2017 alignment, ISO 31000:2018 alignment, integrated NIST + COSO framework (NIST CSF 2.0 Govern function aligned to COSO Governance), risk taxonomy (strategic, operational, financial, compliance, cyber, AI, climate, geopolitical, reputational, conduct, vendor, model), risk appetite framework, risk tolerance framework, key risk indicator (KRI) framework, and the integration with broader strategy.

Module 3. Quantification methodology

Build the quantification methodology: FAIR (Factor Analysis of Information Risk) for cyber risk quantification, FAIR-RA risk appetite for operational, FAIR-CAM cyber-attack-model alignment, Monte Carlo simulation for portfolio-level risk, value-at-risk modelling for financial risk, expected-loss modelling for operational, scenario-based modelling for tail risk, and the integration with broader analytics.

Module 4. AI risk framework

Build the AI risk framework: NIST AI RMF integration (Govern, Map, Measure, Manage), EU AI Act risk classification (unacceptable, high-risk, limited-risk, minimal-risk, GPAI), sector-specific AI risk overlay (Fed SR 11-7 for FS AI, OCC AI guidance, CFPB UDAAP overlap for consumer-facing AI, NAIC Model Bulletin on AI, EEOC AI guidance, OCR HIPAA application to healthcare AI), AI inventory framework, AI risk-tier assignment, AI risk-treatment framework, and the integration with broader risk management.

Module 5. Operational risk framework

Build the operational risk framework: process-risk-mapping framework, control-design framework, control-testing framework, residual-risk-acceptance framework, incident-tracking framework, near-miss tracking, root-cause-analysis framework, post-incident-review framework, and the integration with broader operations.

Module 6. Vendor risk framework

Build the vendor risk framework: TPRM (Third-Party Risk Management) modernisation, Nth-party risk (vendor-of-vendor), continuous-monitoring pattern (BitSight, SecurityScorecard, RiskRecon, Black Kite, Panorays, OneTrust TPRM, ServiceNow TPRM, ProcessUnity, in-house), vendor-onboarding framework, vendor-offboarding framework, vendor-incident-response framework, vendor-concentration-risk framework, and the integration with broader procurement.

Module 7. Model risk framework

Build the model risk framework: Fed SR 11-7 model risk management, ECB TRIM alignment for European, model inventory framework, model validation framework, model-challenge framework, model-monitoring framework, model-decommissioning framework, and the integration with broader analytics governance.

Module 8. Climate and ESG risk

Build the climate and ESG risk framework: TCFD/IFRS S2 climate-risk disclosure, physical-risk assessment (acute + chronic), transition-risk assessment (policy, technology, market, reputational, legal), scenario-analysis framework (IEA, NGFS, IPCC), CSDDD / EU CSRD assurance, and the integration with broader sustainability strategy.

Module 9. Conduct and culture risk

Build the conduct and culture risk framework: behavioural-risk indicator framework, culture-assessment framework, whistle-blower framework, complaint-aggregation framework, sales-practice surveillance framework, and the integration with broader people strategy.

Module 10. Engagement economics

Build the engagement economics framework: assessment-engagement structure, design-engagement structure, implementation-oversight engagement structure, retainer engagement structure, fractional-CRO engagement structure, AI-augmented audit-productivity, sub-contractor model, and the practice-economics framework.

Module 11. Client engagement model

Build the client engagement model: client-CRO engagement framework, client-CFO engagement, client-CCO engagement, client-CEO engagement, client-board-of-directors engagement (audit committee, risk committee), executive-business-review framework, and the integration with broader account management.

Module 12. Your 10-week build plan

Week-by-week plan with weekly deliverables. Weeks 1-2: ERM landscape + risk framework. Weeks 3-4: quantification methodology + AI risk framework. Weeks 5-6: operational risk + vendor risk frameworks. Weeks 7-8: model risk + climate and ESG risk. Weeks 9-10: conduct and culture risk + engagement economics + client engagement. Deliverable: independent ERM practice.

How this addresses your situation

Specific modules that map to what you said you are dealing with.

Module 1 covers the landscape.

Module 2 produces the risk framework.

Module 3 covers quantification.

Module 4 covers AI risk.

Module 5 covers operational risk.

Module 6 covers vendor risk.

Module 7 covers model risk.

Module 8 covers climate and ESG risk.

Module 9 covers conduct and culture risk.

Module 10 covers engagement economics.

Module 11 covers client engagement.

Module 12 covers the 10-week build plan.

What you get with this course

The 12-module course delivered as text plus downloadable templates.
Templates and worked examples for modern risk framework, quantification methodology (FAIR + Monte Carlo + VaR), AI risk framework, operational risk framework, vendor risk framework, model risk framework, climate and ESG risk framework, conduct and culture risk framework, engagement economics framework, client engagement model.
A hand-built implementation playbook generated for your specific practice and client mix.
Three worked examples of independent ERM practices at peer firms.
Scripted talking points for the client CRO and board-Risk-Committee engagement.

What you will have in hand by Day 1, Week 1, Month 1

Day 1: Risk framework scaffold drafted.

Week 4: Quantification + AI risk designed.

Week 8: Operational + vendor + model + climate risk operational.

Week 10: Modern practice in operation.

Before and after

Before

Your independent practice loses ERM engagements to Big4 risk practices. Risk-register-only output reads as commodity. AI risk integration is reactive. Vendor risk and model risk are addressed in pieces. Senior client work goes to peers shipping the modern practice.

After

A modern independent enterprise risk management practice is in operation. Risk framework, quantification methodology, AI risk framework, operational risk framework, vendor risk framework, model risk framework, climate and ESG risk framework, conduct and culture risk framework, engagement economics framework, client engagement model are all designed.

What happens if you do not address this

Independent ERM consultants without the modern practice lose engagements to Big4 risk practices. EU AI Act and NIST AI RMF set the AI-risk baseline; CSDDD / CSRD set the climate-risk baseline.

Who it is for

For independent ERM consultants, principals at boutique risk advisory firms, senior risk consultants at mid-tier firms, and fractional CROs.

Who this is NOT for. Pure compliance consultants without risk-management scope. Consultants at firms with no risk-advisory business. Pure technology risk consultants without ERM scope.

How it arrives

Text-based course via LMS, plus downloadable templates and worked examples and the hand-built implementation playbook.

Time investment. Roughly 18 hours of reading and 60 to 120 hours of consultant effort across the 10-week build.

Why $199 is the right number

External ERM-modernisation consultants (Big4 risk practices, specialist firms like Protiviti, RGP, RSM, BDO Risk Advisory, Crowe Risk Advisory, Baker Tilly Risk Advisory, Marsh McLennan, AON Risk, Willis Towers Watson Risk) charge $200K-$1M for practice-modernisation programmes. $199 buys the focused playbook plus the implementation document for your specific practice.

FAQ

Will this replace hiring an ERM-modernisation consultant?

Partially. It teaches the modern practice. You may still want specialist input for advanced FAIR quantification.

What if my clients are primarily mid-market (not enterprise)?

Modules 2 and 10 cover mid-market-anchored patterns.

Does this cover RIMS Risk Maturity Model alignment specifically?

Module 2 covers RIMS RMM in depth.

What about FAIR institute certification?

Module 3 covers FAIR in depth.

What is in the implementation playbook for me specifically?

Risk framework tailored to your specific client mix; quantification methodology matched to your client's risk types; a 10-week build plan.

30-day money-back guarantee. If after a week of working through the materials this is not what you needed, reply to the receipt email and a full refund is processed. No questions, no forms.

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.