ERM Community of Practice

The ERM Community of Practice (ERM CoP) was created to provide an open forum for enterprise risk management (ERM) professionals from across the Federal Government. The ERM CoP was founded in 2017 after the release of the update to OMB Circular A-123 as a forum for federal employees in ERM to come together to share experiences and get and provide advice to each other. It is led by Treasury’s Deputy Chief Risk Officer. It is comprised of and operated entirely by federal employees from over 50 agencies. This group has been central in mobilizing ERM efforts for the Federal Government including writing and updating the ERM Playbook, creating a Federal ERM Maturity Model, and providing input into other various related guidance and regulations.

Past Highlights

Roundtable Discussions

• Defining Risk Appetite
• Integrating with Strategic Reviews and Strategic Planning
• ERM Policy and Governance
• Enterprise-level Risk Assessments
• Office of Management and Budget (OMB) Circular Guidance
• Strengthening the Connection with Strategy and Budget
• Implications of Artificial Intelligence for ERM

Shared Risk Area Discussions

• Emerging Risks
• Artificial Intelligence
• Administration Transition
• Cyber
• Fraud
• Hiring
• Procurement
• Security Clearance
• Environmental, Social, and Governance

Call for Action!

The ERM CoP welcomes federal employees who are ERM practicioners for agencies. Non-federal employees are not permitted to join, and the group does not include inspectors general. If you have interest in joining the ERM CoP, please reach out to Karen.Weber@treasury.gov