An Interactive 5-Day Training Course
Advanced Enterprise Risk Management
Fully Embedding the ERM Process
Course Overview
The turmoil in the world is continuing – with increasing public unrest fluctuating energy prices, natural disasters of a scale thought unimaginable, volatile stock markets and world geo-political and economic uncertainty. In this time of global uncertainty how do you steer a course through these difficult waters?
Thankfully many organisations have realised that an Enterprise Risk Management (ERM) approach was needed. This has ensured that risks that were previously managed in isolation, can be aggregated and prioritized across the entire business.
However, this training course on Advanced ERM goes one step further. Risks are evaluated based on business materiality. A new understanding of the risks then emerges, and efficient controls can be implemented to tackle what really matters to the business. In short, the focus becomes strategic value creation instead of risk avoidance.
This GLOMACS training course on Advanced Enterprise Risk Management will provide the opportunity to:
- Take Enterprise Risk Management (ERM) to a strategic level
- Learn lessons from Global risk events
- Determine a clear risk attitude and appetite process
- Identify the key emerging risks
- Link risk clearly wit decision making
Training Objectives
After completing this Advanced Enterprise Risk Management training course you will be able to:
- Implement appropriate and varied techniques for the identification and assessment of risks
- Generate measurable value by aligning the Enterprise Risk Management (ERM) framework with corporate performance expectations
- Engage the Board in the analysis of enterprise risk scenarios
- Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection
- Clarify Enterprise Risk Management (ERM) accountabilities of all employees from executives to the front line
- Implement Key Risk Indicators (KRI’s) for each line of business
- Enhance achievement of corporate objectives by linking performance targets, and risk management actions
Who should Attend?
- Chief Risk Officers
- Risk Managers
- Managers and Directors responsible for the risk management function or process
- Heads of Internal Audit
- Heads of Assurance Functions
- Senior Finance Professionals
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Taking Enterprise Risk Management (ERM) to the Next Level
- Characteristics of an Advanced Enterprise Risk Management (ERM) Process
- Keeping Your Eye on the Big Prize
- Exploring Global Enterprise Risk Management (ERM) Scenarios
- The Enterprise Risk Management (ERM) Roadmap/Framework
- Review YOUR current ERM Environment. Is it Resilient?
- Conducting a Gap Analysis
- Develop ERM roadmap of Priorities for Implementation
- The role of Executive Management and ERM.
- A UK banking sector approach to ERM
DAY 2: Enterprise Risk Management (ERM) Risk Measurement Techniques
- A full Review of all the Risk Measurement Methods including:
- Risk Workshops
- Delphi (Expert Analysis) with examples
- Ishikawa (Fishbone) Analysis
- Failure Mode and Root Cause Analysis with examples
- Scenario Planning
- Syndicate Work: Incident Exercise, seeking the Root Cause
DAY 3: More Risk Assessment Techniques
- Fault Tree Analysis with examples
- Monte Carlo Simulations
- Bayesian Networks
- A complete list of potential Emergent Risks. Often low probability but high impact
- Crisis Management
- What is and Types of Crisis
- The difference between an Incident, an Emergency and a Crisis
- Key Risk Indicators (KRI’s)
DAY 4: Advanced Enterprise Risk Management (ERM) Issues
- The Risk Register Challenges
- Enterprise Risk Management (ERM) Tips for Success
- Risk Appetite and Risk Tolerance
- Enterprise Risk Management (ERM) and Decision-making
- Handout on ISO 31000
- Syndicate work: How good are your Decision-making Skills?
DAY 5: Wider Aspects of Enterprise Risk Management (ERM)
- Assurance and Enterprise Risk Management (ERM)
- Including Business Continuity Management (BCM)
- Energising Your Staff to Manage Risk
- The importance of Culture, Communications and Behaviour
- Team forming and development
- Enterprise Risk Management (ERM) in Projects and Joint Ventures
- Goal Setting
- Enterprise Risk Management (ERM) Golden Rules - Communications
- Syndicate work: Listening Skills Test
- Course Review
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
Sessions in international locations
Online Sessions
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