An Interactive 5-Day Training Course
Fundamentals of Risk Management
Understanding Enterprise Risk Governance,
Assurance & Control Frameworks
Course Overview
This Fundamentals of Risk Management training course is intended to introduce the fundamentals of Risk Management being a systematic core built-in function in all types of organizations.
This training course provides you with a general overview of all main aspects of Risk Management starting from the definition of the term and going through the building blocks of the total integrated Enterprise Risk Management model (ERM) together with its related Risk Governance arrangements.
This training course will enable participants to appreciate the need and urgency to re-visit their existing Risk Management framework with an aim to improve and align with the overall organization strategic plan.
It will also allow a better understanding and clarity on the functional structures, roles and responsibilities required to be put in place to ensure an effective Risk Management Implementation enterprise wide.
This GLOMACS Fundamentals of Risk Management training course will highlight:
- What is Risk, What is Risk Management?
- Types of Risks, Risk Management Approaches
- Risk Management Framework, Risk Management Process
- Risk Culture, Risk Maturity
- Enterprise Risk Management
- Risk Governance
Training Objectives
At the end of this Fundamentals of Risk Management training course, you will be able to:
- Understand the definitions of key terms of Risk & Risk Management
- Explore the different stages of the Risk Management process
- Learn the tools and techniques used for Risk Assessment
- Study Risk Formulation, Risk Ranking and Risk Treatment
- Learn about Risk Appetite, Risk Tolerance and Risk Escalation
- Understand the Enterprise Risk Management model
- Study the Risk Governance framework
Who should Attend?
This GLOMACS Fundamentals of Risk Management training course is targeting a wide range of managers on all business units who are responsible about the successful implementation of the Risk Management process throughout the organization. It is also targeting senior management levels up to the CEO and Governing Body level involved in the Risk Governance structure.
- Risk / Compliance Management Function
- Internal Audit Function
- Internal Control Function
- Governing Body & CEO Level
- Executive Management and Directors
- Senior Management and Middle Management
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: Introduction to Risk Management
- What is Risk?
- What is Risk Management?
- Why we Need Risk Management?
- Types of Risks
- Risk Management Approaches
- Risk Management Framework
- Risk Architecture
- Risk Policy and Strategy
- Risk Management Process
- Risk Protocols and Procedures
DAY 2: Risk Management Process
- Establishing the Context
- Risk Identification & Risk Categorization
- Risk Assessment (Identification and Analysis) Techniques
- Risk Formulation (The Cause and Effect Relationship of Risk)
- Risk Analysis and Prioritization
- Risk Ranking (The Risk Ranking Matrix)
DAY 3: Risk Management Process
- Risk Evaluation, Risk Vulnerability
- Risk Appetite, Risk Tolerance and Risk Capacity
- Risk Profile
- Risk Treatment and Response
- Risk Monitoring and Reviewing
- Risk Communication, Escalation and Reporting
DAY 4: Enterprise Risk Management
- Risk Evaluation, Risk Vulnerability
- Risk Appetite, Risk Tolerance and Risk Capacity
- Risk Profile
- Risk Treatment and Response
- Risk Monitoring and Reviewing
- Risk Communication, Escalation and Reporting
DAY 5: Risk Governance
- Organizational Resilience and Business Continuity Planning
- Risk Control Techniques
- Using Key Risk Indicators (KRI’s)
- Creation of a Risk Register
- Risk Culture
- Risk Management Challenges
- Risk Maturity
- Enterprise Risk Management (ERM)
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
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