When a company misjudges a single risk, the fallout rarely stays contained to one department — it reaches budgets, reputation, and sometimes survival itself. That is exactly why organisations now put a senior risk manager at the centre of governance rather than at its edges. Recognising this shift, the Arab British Fellowship Training Academy has built its Senior Risk Manager Training Course: Roles, Authority and Practice around the real tasks this role demands, not just the theory behind it.

At its core, the course frames risk management as a continuous cycle: spotting exposures early, measuring their likely impact, and deciding whether to transfer them, absorb them, or design them out of the business altogether. Participants leave with a working method for turning that cycle into daily practice — one built on identification, assessment, and response rather than reactive firefighting.

By the end of this course, participants will be able to:

• Apply modern, evidence-based methods of financial auditing and connect them to the wider mechanics of company direction.
• Recognise the risks and irregularities that internal and external auditors are most likely to surface.
• Explain how financial auditing and internal audit offices help a company avoid costly financial problems before they escalate.
• Identify errors in financial reporting and review disclosures made by company accountants.

This course is designed for:

• Owners and directors of large commercial and industrial companies.
• General managers across public and private companies.
• Heads of internal audit offices and audit departments.
• Financial control staff at all levels.
• Students pursuing contemporary approaches to financial auditing and risk detection.

Module 1: Why a Standardised Approach to Risk Matters

• The rationale behind adopting a structured risk management standard, using the AS/NZS 4360:2004 model as a reference point.
• How to consult stakeholders and build the governance framework the standard requires.

Module 2: Finding and Sizing the Risk

• Techniques for identifying risk exposures before they surface as incidents.
• Analysing and assessing risk severity, likelihood, and categories.

Module 3: Turning Assessment into Precaution

• Deciding what precautions to take and the right timing to apply them.
• Linking risk findings to an institution's existing policies and procedures, and understanding why ongoing assessment is necessary.

Module 4: Monitoring, Auditing and Certifying Risk Work

• Embedding monitoring and audit routines into the risk management process.
• Methods for certifying that risk assessments and precautions meet required standards.

Module 5: Handling Corruption-Related Risk in the Field

• Approaches for dealing with risks that stem from corruption specifically.
• Applying the full process through practical field work on risk assessment.