An Interactive 5-Day Training Course
Governance, Risk Management, Banking & Financial Knowledge Update
Master and Update Key Governing Roles to Control your Organization and Achieve Best Financial Outcomes
Course Overview
This Advanced GLOMACS “Governance, Risk Management, Banking & Financial Knowledge Update” training course aims at improving the adaptation and integration of the fundamental components and tools of Governance: Risk Management, Compliance and Internal Audit Processes.
This Governance, Risk Management, Banking & Financial Knowledge Update training course will also update your skills and awareness of the various banking products & techniques and financial instruments & practices that serve and support the governance process within the organization.
Training Objectives
Upon the completion of this advanced Governance, Risk Management, Banking & Financial Knowledge Update training course, participants will gain:
- Improve alignment to mission, vision and values of the organization
- Evolve performance and accountability
- Increase decision-making agility
- Advance accountability for key objectives, risks, and performance
- Enhance convergence of Governance components
- Reduce the financial risk while achieve your organization’s goals
- Understand fundamental concepts of Governance & Fiscal Sustainability
Who should Attend?
This Governance, Risk Management, Banking & Financial Knowledge Update training course is suitable to a wide range of professionals working on Governmental Organizations and Public Sector Entities which are planning to apply proper governance within their culture and operations.
This Governance, Risk Management, Banking & Financial Knowledge Update training course is suitable to a wide range of professionals but will greatly benefit:
- Senior and middle level management of the Governmental Organizations and Public Sector entities
- Executive management and directors
- Responsible directors working at finance, internal audit, risk management
- Managers of compliance and internal control departments
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: Governance, What is it about? Key Principles of Good Governance in the Public Sector
- The Definition, Goals, Basics and Principles of Governance
- The Added Value of Governance
- Building Governance Framework
- Key Principles of Good Governance in the Public Sector
- Key Requirements to Achieving Good Governance in the Public Sector
- External & Internal Parties Involved in Governance Process
- Governance Committees - Audit Committee The Most Important One
- Benefits of Integrating Governance Activities
- Effective Executive Management & Board Members
- Barriers / Obstacles That Prevent Full Implementation of Governance
- OECD Principles of Governance
DAY 2: The Risk, Compliance & Internal Audit Triangle
- The Fundamental Differences and Importance of Its Convergence
- Overlapping: Healthy or Wasteful?
- Cooperation Among These Functions
- New Trend in Audit: Risk-based Internal Audit
- How and Why Audit Units move into Risk-based Audit Programs
- Auditing the Control Environment
- Risk-based Compliance: Definition, Responsibilities and Goals
- Anti-Money Laundering
DAY 3: Banking System - Benefits of Dealing with Banks
- Commercial Banks vs. Investment Banks
- Different Bank Accounts - Savings, Time Deposit, Current A/C’s
- Lending Types: Overdraft vs. Term Loan and Lending Collaterals
- Letter of Credit and Letter of Guarantee
- Terminology & Concepts
DAY 4: Interpretation of Financial Statements - Financial Structure & Financial Analysis
- Why do we have Financial Statements?
- Purpose & Objectives of Auditing Financial Statements
- Financial Position Components: Assets & Liabilities
- Understanding The Characteristics of The Financial Statements
- Healthy / Unhealthy Financial Structure
- Profitability, Liquidity, Leverage, Activity & Debt Ratios
- Gap Analysis & Mismatch Problem
- Cash Flow Analysis
DAY 5: Risk Management Taxonomies
- Risk Management Framework
- Risk Management Triangle
- Credit Risk, Operational Risk, Market Risk
- Risk Control Self-Assessment (RCSA) and Heat Map
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
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