Financial Risk & Compliance Management

Enterprise Financial Risk Management (ERM)

Program Overview

A comprehensive program designed to equip participants with an integrated methodology for identifying, assessing, and classifying financial risks, developing effective risk response strategies, and aligning the compliance function with Enterprise Risk Management (ERM). The program emphasizes internationally recognized best practices to strengthen organizational resilience, support strategic decision-making, and enhance corporate governance.

Duration: 4 Days
Training Hours: 24 Training Hours
Target Audience: Finance managers, compliance officers, risk analysts, and members of management and risk committees within financial institutions.
Delivery Mode: In-person / Hybrid

Detailed Learning Objectives

By the end of the program, participants will be able to:

• Apply the COSO Enterprise Risk Management (ERM) Framework (2017) to identify, assess, and classify financial risks.
• Develop a comprehensive Financial Risk Register that defines risk ownership, evaluates risk exposure, and establishes appropriate mitigation plans.
• Design Key Risk Indicators (KRIs) and integrate them into executive dashboards for continuous risk monitoring and early warning.
• Establish effective integration between financial risk management, compliance, and internal audit functions in accordance with the Three Lines Model.
• Prepare risk reports for senior management and the Board of Directors using internationally recognized risk reporting practices.

Key Topics

• COSO Enterprise Risk Management (ERM) Framework (2017): Principles, components, governance, and practical implementation within the Saudi financial sector.
• Financial Risk Identification and Assessment: Qualitative and quantitative risk assessment techniques, heat maps, risk matrices, and risk prioritization.
• Key Risk Indicators (KRIs): Design methodologies, performance thresholds, monitoring techniques, and integration with executive management dashboards.
• Integrating Risk Management, Compliance, and Internal Audit: Applying the Three Lines Model to strengthen governance and organizational oversight.
• Financial Risk Measurement Tools: Value at Risk (VaR), Stress Testing, Scenario Analysis, and practical applications for financial institutions.