Professional Risk Management
$5500.00
Professional Risk Management - 5-Day Advanced Certification Training Course
Mastering Enterprise Risk Management Across Saudi Arabia, Oman, and the GCC
In today’s volatile environment, risk management has evolved from compliance to strategic imperative. This comprehensive 5-day Professional Risk Management training course equips risk professionals, executives, and managers in Saudi Arabia (KSA), Oman, UAE, Kuwait, Bahrain, and Qatar with advanced methodologies to identify, assess, mitigate, and monitor organizational risks while capitalizing on opportunities.
As GCC organizations navigate Saudi Vision 2030, Oman Vision 2040, geopolitical uncertainties, cybersecurity threats, and market volatility, sophisticated enterprise risk management (ERM) capabilities are essential. This program delivers world-class expertise aligned with ISO 31000, COSO ERM, PMI-RMP standards, and regional requirements.
Course Overview: Enterprise Risk Management Excellence
This program combines risk frameworks, quantitative/qualitative analysis, governance, strategic thinking, and practical implementation. Through GCC case studies, hands-on assessments, and simulations, participants master end-to-end risk management while earning 40 PDUs toward PMI-RMP certification.
Target Audience: Risk managers, compliance officers, auditors, project managers, operations managers, financial controllers, executives, quality managers, and business continuity professionals across Saudi Arabia, Oman, and GCC.
Training Locations: Riyadh, Jeddah, Dammam, Muscat, Dubai, Abu Dhabi, Doha, Manama, Kuwait City. Virtual delivery available.
Day 1: Risk Management Foundations and Strategic Framework
Morning Session: Professional Risk Management Principles
Risk Management Evolution: Reactive to proactive, siloed to integrated enterprise approaches
Risk Frameworks: ISO 31000:2018, COSO ERM 2017, PMI Practice Standard, FERMA
Risk Categories: Strategic, operational, financial, compliance, reputational, emerging risks
Risk Management Process: Identification, assessment, response planning, monitoring
Risk Culture Development: Embedding awareness across Saudi, Omani, GCC enterprises
Three Lines of Defense: Management, risk/compliance, internal audit
Benefits: Improved decisions, resource optimization, stakeholder confidence, resilience
Afternoon Session: Risk Governance and Strategy
Governance Structure: Board oversight, risk committees, CRO roles in Gulf organizations
Risk Appetite and Tolerance: Defining acceptable levels aligned with Vision 2030/2040
Risk Strategy: Integrating with strategic planning in GCC contexts
Policy Framework: Comprehensive policies, procedures, guidelines
Regulatory Requirements: SAMA, CMA Saudi/Oman, Basel III/IV compliance
Risk Management Plan: Documenting approach, methodology, tools, reporting
Workshop: Participants assess organizational risk maturity and develop governance frameworks for Saudi, Omani, Gulf structures.
Case Study: Risk management successes (Saudi Aramco IPO) and failures (financial crisis) analysis.
Day 2: Risk Identification and Assessment Techniques
Morning Session: Comprehensive Risk Identification
Identification Methods: Brainstorming, Delphi, interviews, checklists, SWOT analysis
Risk Breakdown Structure: Hierarchical categorization of risk sources
Risk Register Development: Documenting risks with descriptions, categories, triggers, owners
Environmental Scanning: PESTLE analysis for GCC organizations
Scenario Analysis: “What-if” situations for Saudi, Omani, Gulf environments
Industry-Specific Risks: Oil & gas, construction, finance, government sectors
Emerging Risks: Cybersecurity, climate change, geopolitical tensions, technological disruption
Afternoon Session: Qualitative and Quantitative Analysis
Qualitative Analysis: Probability-impact matrices and risk heat maps
Risk Scoring Systems: Numerical scales for consistent evaluation
Quantitative Techniques: Expected Monetary Value (EMV), sensitivity analysis, decision trees
Monte Carlo Simulation: Probabilistic modeling for GCC mega-projects
Statistical Distributions: Normal, triangular, PERT for risk modeling
Risk Analysis Tools: @RISK, Crystal Ball, software for Saudi/GCC markets
Exercise: Teams conduct risk workshops, create registers, perform qualitative/quantitative analysis for complex GCC projects.
Quantitative Lab: Monte Carlo simulations using real Saudi Arabian and Omani project data.
Day 3: Risk Response Planning and Treatment Strategies
Morning Session: Risk Response Strategy Development
Threat Responses: Avoid, transfer, mitigate, accept strategies
Opportunity Responses: Exploit, share, enhance, accept approaches
Contingency Planning: Fallback responses for primary strategy failures
Risk Ownership: Assigning accountability for monitoring and management
Action Plans: Documenting who, what, when, how for each response
Cost-Benefit Analysis: Evaluating response economics for GCC budgets
Residual and Secondary Risks: Managing remaining and newly created risks
Afternoon Session: Financial Risk and Insurance
Financial Risk Categories: Market, credit, liquidity, FX, interest rate risks
Market Risk: Hedging oil price volatility affecting GCC economies
Credit Risk: Counterparty default assessment in Saudi/Gulf markets
Insurance Options: Property, liability, construction all-risk, professional indemnity
Takaful vs. Conventional: Islamic and traditional insurance in GCC
Business Continuity: Ensuring operational resilience in Middle Eastern environments
Workshop: Develop comprehensive risk response plans with strategies, budgets, timelines for organizational risks.
Insurance Exercise: Analyze portfolios, identify gaps, optimize risk transfer for GCC operations.
Day 4: Operational, Cyber, and Compliance Risk Management
Morning Session: Operational Risk Management
Operational Risk: Process, people, systems, external event failures
Process Risk Assessment: Flowcharts and FMEA for failure identification
Technology Risk: IT infrastructure, software, integration issues in GCC
Human Capital Risk: Talent shortage, key person dependency in Saudi/Oman
Supply Chain Risk: Disruptions, supplier failures affecting Gulf operations
HSE Risk: Workplace hazards in construction, oil & gas, manufacturing
Key Risk Indicators: KRIs for early warning and monitoring
Afternoon Session: Cybersecurity and Compliance Risk
Cybersecurity Landscape: Ransomware, breaches, DDoS targeting GCC
Security Frameworks: ISO 27001, NIST, NCA (Saudi), NCSI (Oman)
Cyber Risk Assessment: Threat modeling, vulnerability scanning, penetration testing
Data Privacy: GDPR, Saudi Personal Data Protection Law, Oman Data Protection compliance
Compliance Risk: Regulatory non-compliance penalties and reputational damage
AML/Sanctions: Financial crime and trade compliance in GCC banking
Workshop: Conduct operational risk assessments, develop controls, establish KRIs for Saudi, Omani, GCC operations.
Cybersecurity Scenario: Simulate incident response aligned with regional regulations.
Day 5: Risk Monitoring, Reporting, and Crisis Management
Morning Session: Risk Monitoring and Reporting
Monitoring Framework: Continuous tracking of identified and emerging risks
Key Risk Indicators: Metrics providing early warning signals
Risk Dashboards: Visual, executive-friendly reporting for GCC leadership
Register Maintenance: Regular review and status updates
Risk Audits: Periodic effectiveness assessments
Reporting Structures: Board, management, operational reports for hierarchical GCC organizations
Risk Communication: Articulating complex risks to Saudi, Omani stakeholders
Afternoon Session: Crisis Management and Business Continuity
Crisis Management Framework: Preparation, detection, containment, recovery, learning
Crisis Team: Roles, responsibilities, authority in Middle Eastern organizations
Business Impact Analysis: Identifying critical functions and recovery priorities
Business Continuity Planning: Maintaining operations during GCC disruptions
Disaster Recovery: IT systems restoration for Saudi/Omani organizations
Crisis Communication: Media management and reputation protection in Arab contexts
Final Integration: Advanced Topics and Certification
Strategic Risk Management: Linking risk to Vision 2030/2040 strategy execution
Reputation Risk: Brand protection in social media era
Climate/Sustainability Risks: Environmental and transition risks affecting GCC
Geopolitical Risk: Regional tensions and policy uncertainty in Middle East
Risk Technology: AI/ML prediction, blockchain transparency, RegTech solutions
PMI-RMP Pathway: Certification guidance and continuous development
Capstone Presentations: Teams present comprehensive ERM frameworks for organizations including governance, methodology, assessment, responses, monitoring, and reporting for Saudi Arabia, Oman, GCC.
Crisis Simulation: Manage realistic scenarios testing decision-making and business continuity.
Certificate Ceremony: Professional Risk Management Certificate with 40 PDUs.
Key Learning Outcomes
✓ Establish ERM frameworks aligned with ISO 31000 and COSO
✓ Identify and assess risks using qualitative/quantitative techniques
✓ Develop effective response strategies balancing cost and benefit
✓ Implement risk governance for GCC organizations
✓ Monitor and report risks to boards and management
✓ Manage operational, financial, cyber, compliance risks comprehensively
✓ Lead crisis management and business continuity
✓ Build risk-aware cultures across Saudi, Omani, Gulf enterprises
Program Advantages
✓ GCC-Focused: Cases from Saudi Arabia, Oman, UAE, Gulf region
✓ Multiple Frameworks: ISO 31000, COSO ERM, PMI comprehensively covered
✓ Industry-Specific: Oil & gas, construction, finance, government examples
✓ Practical Tools: Registers, templates, dashboards ready for use
✓ Expert Faculty: PMI-RMP, FRM, CRM certified with Middle East experience
✓ 40 PDUs: Toward PMI-RMP, PMP certifications
✓ Networking: Connect with risk professionals across GCC
Investment Details
Duration: 5 days (40 hours / 40 PDUs)
Languages: English and Arabic
Certification: Professional Risk Management Certificate
Materials: Manual, toolkit, templates, software guides
Group Rates: Discounts for 3+ participants
Master risk management and protect organizational value. Register for the premier risk management training in Saudi Arabia, Oman, and the GCC region.
