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Practical Connection Assignment on Enterprise Risk Management.docx

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Running Head: PRACTICAL CONNECTION ASSIGNMENT1Practical Connection Assignment on Enterprise Risk ManagementStudent NameInstitution
PRACTICAL CONNECTION ASSIGNMENT ON ERM2Practical Connection Assignment on Enterprise Risk ManagementThe Enterprise Risk Management (ERM) course uncovered new areas ofunderstanding for me. The course taught me crucial concepts and theories such as how toassess critical risks and implement appropriate responses to risks using the ERM framework.As a risk manager at CVS Health, I would advocate for the creation of the position of a ChiefRisk Officer (CRO) who would aid the top management in developing policies that guide theassessment of critical risks and implementation of appropriate responses to identified risksusing ERM framework. I would assist the CRO in pinpointing, examining, and alleviating allrisks from inside the organization and those from the outside that affect the organization as awhole. I would also apply knowledge obtained from this course about compliance withfederal and state laws to assist the CRO in making sure that CVS Health is compliant withfederal regulations, for instance, the Sarbanes-Oxley (SOX) (Farrell& Gallagher,2015). I

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Term
Fall
Professor
NoProfessor
Tags
Management, Enterprise risk management, risk manager, ISO 31000

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