Enterprise Risk Management (ERM)

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 4,500

Overview

Enterprise Risk Management known as (ERM) has evolved a lot since the seventies. From simply 'buying' insurance, it has now evolved and grown in importance to become a prime function in many organizations. It is now part of a bigger system known as Governance, Risk, and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome these risks.

Learning Objectives

• Identify internal and external changes that will create risks to the organization
• Understand the relation with the board of directors through governance and improve Risk-Based Decision Making (RBDM)
• Influence internal controls by choosing the response to the risks identified
• Classify risk categories in the organization and identify right authorities to manage them
• Analyze, assess and improve risk management practices within the organization

Who Should Attend

This course is designed for managers, senior managers, directors, and other professionals seeking to strengthen their capability in this area.

• Managers
• Senior managers
• Directors
• Executives
• Financial controllers
• Senior accounting and finance personnel
• Auditors

Course Outline

Day 1 — Risk perception

• Why should we care about risk?
• Internal environment changes
• External environment changes
• Introduction to corporate governance

Day 2 — Governance failures

• Risk-based decision making
• Risk management’s influence on designing internal controls
• Risk-Based Internal audit assessment of risk management performance
• ERM and its evolution

Day 3 — Strategic approach

• Operations and tactics
• Business reporting
• Compliance and process
• Strategic risks

Day 4 — Compliance

• Laws and regulations
• Financial reporting standards
• Operations
• External environment: socioeconomic, regulations, technology and competition

Day 5 — Event identification

• Risk assessment:
• The black swan challenge
• Quantitative versus qualitative analysis
• Risk response

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
13–17 December 2026	Jeddah, KSA	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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