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Fundamentals of Risk Management

An Interactive 5-Day Training Course

Fundamentals of Risk Management

Understanding Enterprise Risk Governance, Assurance & Control Frameworks

NASBA
Classroom Schedule
Date Venue Fees
12 - 16 Oct 2026 Dubai $ 5,950
Online Schedule
Date Venue Fees
12 - 16 Oct 2026 Online $ 3,950

Course Summary

Risk management is an essential organisational function that enables organisations to identify, assess, and respond effectively to both threats and opportunities. The Fundamentals of Risk Management training course introduces participants to the foundational concepts of risk and risk management, including the building blocks of an integrated Enterprise Risk Management (ERM) model. Participants gain clarity on key terms, risk governance arrangements, and the essential structures, roles, and responsibilities necessary for effective risk management implementation enterprise-wide.

This training course provides a comprehensive overview of the risk management process, types of risks, risk assessment techniques, risk appetite and tolerance, and key elements of risk monitoring and reporting. Participants learn how to align risk management frameworks with organisational strategy to strengthen decision-making, resilience, and control. Emphasis is placed on developing a systematic and practical understanding of risk management that supports both strategic objectives and operational effectiveness. The Fundamentals of Risk Management training course equips professionals with the skills to support risk-informed decision-making and build resilient organisations capable of minimising threats and seizing opportunities.

Skills & Competencies

From this Fundamentals of Risk Management training course, participants will develop the following key skills and competencies:

  • Understanding risk and risk management fundamentals
  • Risk identification and categorisation proficiency
  • Risk assessment and prioritisation capability
  • Enterprise Risk Management (ERM) model understanding
  • Risk governance framework awareness
  • Effective risk communication and reporting

Key Learning Outcomes

At the end of Fundamentals of Risk Management training course, you will learn to:

  • Define key terms and concepts in risk and risk management.
  • Analyse the stages of the risk management process.
  • Apply risk assessment tools and techniques.
  • Formulate, rank, and treat organisational risks.
  • Understand risk appetite, tolerance, and escalation principles.

How You Will Learn

Participants engage with foundational risk management principles through structured sessions that blend conceptual understanding with practical application. Learning is supported by interactive discussions and scenario examination helping participants translate theory into effective risk management practices. This focus ensures participants build confidence in applying risk frameworks and governance structures within their organisations.

Who should Attend?

This training course is designed for professionals responsible for risk management implementation, governance, and decision-making across organisational functions. It benefits those seeking to strengthen risk awareness and operational resilience.

This Fundamentals of Risk Management training course is suitable to a wide range of professionals but will greatly benefit:

  • Risk and compliance function personnel
  • Internal audit and control professionals
  • Governing body members and CEOs
  • Executive and senior management
  • Middle management responsible for risk oversight
Course Outline
Day 1

Introduction to Risk Management

This day introduces basic definitions and concepts around risk and risk management. Participants explore why risk management is necessary, the types of risks organisations face, and the frameworks that support risk governance. The topics covered will include:  

  • 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

This day focuses on establishing the context for risk assessment and techniques for risk identification, analysis, and prioritisation. Participants examine how risks can be formulated and ranked to support decision-making. The topics covered will include:  

  • 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

This day continues the exploration of risk process elements including evaluation, vulnerability assessment, risk treatment, and communication. Participants learn how risk monitoring and reporting structures support enterprise resilience. The topics covered will include:  

  • 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

This day introduces Enterprise Risk Management (ERM) frameworks and techniques that support organisational resilience. Participants explore control techniques, key risk indicators, and risk maturity concepts. The topics covered will include:  

  • 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)
Day 5

Risk Governance

This day focuses on risk governance structures and emerging trends that support risk oversight. Participants explore ERM frameworks, risk strategy elements, and how risk assurance functions operate within organisations. The topics covered will include:  

  • ERM Framework
  • ERM Road Map
  • Emerging Trends in ERM
  • Risk Management Framework
  • Risk Strategy
  • Risk Appetite Statement (RAS)
  • Risk Governance
    • Risk in The Boardroom
    • Risk Assurance Functions
    • The Three Lines Of Defense Model
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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house enables organisations to tailor risk management fundamentals to current risk challenges and internal governance practices. Customisation supports alignment of risk frameworks with strategic objectives and enhances risk culture across organisational levels.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Fundamentals of Risk Management training course:

  • Enhanced organisational risk awareness and resilience
  • Improved governance and control structures
  • Better alignment between risk and strategy
  • Increased capability to identify and prioritise risks
  • Stronger enterprise-wide risk communication
  • Empowered professionals with risk implementation skills
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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