Enterprise RISK Management System Certification Program

Risk Management System Certification Program (RMSCP) assesses the organizations in their implementation of the Enterprise Risk Management Model (ERMM).
By establishing Risk Management System models and processes in accordance with (ERMM) organizations can Manage their risks in:

• Physical assets
  
• Customer Assets
  
• Financial Assets and
  
• Employee / Supplier Assets

An enterprise`s of value , whether tangible or intangible, are inherent in its business model. They are affected by sources of uncertainty which must be understood and managed as an organization works to achieve its performance objectives.

Benefit of (RMSCP)

The Organization uses  (RMSCP) to provide a combination of both qualitative and quantitative benefits. While there are many benefits to, let's focus on five of them.

• Creation of a more risk focused culture for the organization
  
• Standardized risk reporting
• Improved focus and perspective on risk
• Efficient use of resources
• Effective coordination of regulatory and compliance matters

Through all of the benefits noted above, (RMSCP) can enable better cost management and risk visibility related to operational activities. It also enables better management of market, competitive, and economic conditions, and increases leverage and consolidation of disparate risk management functions.

Certification Requirements

Organizations seeking certification to (RMSCP) must comply with the following requirements:

• The company should be registered
• Enterprise`s Risks should be recognized
• RMSCP submission

How to apply for certification

• Submit application form, required documents and fee
   
• Pre-assessment: Initial review of application and requests for additional information or clarification
   
• On-site Assessment
  • Assessors identify any areas or items that do not meet the specific program requirements and request corrective action
  • Additional witness audits and follow-up visits as set out in accreditation requirements
• Post-assessment follow-up
  • Review of response to evidence of non-conformity
  • Acceptance of response and closure of non-conformity file
• Approval
  • Report prepared including recommendation about whether or not to grant accreditation
  • Review by the Canadian International Business Systems
  • Final decision
• Accreditation
  • Upon approval, accreditation and trademark license agreements are signed
  • Notice of accreditation posted to Canadian International Business Systems website

Unsuccessful applicants have the option of appealing the decision or re-applying.

Certification Validity

Certification Validity is available in:
http://www.cibsystems.ca/verification