Enterprise Risk Management for Growing Businesses

Most ERM frameworks are designed for large corporates with dedicated risk teams and compliance budgets. Growing businesses get handed the same complexity, strip it down to a spreadsheet, tick a box, and file it away. This workshop builds a practical, right-sized ERM framework designed specifically for SMEs and growth-stage businesses: one that identifies the risks that actually matter, assigns clear ownership, and creates a monitoring cadence that keeps risk management alive rather than becoming an annual exercise nobody takes seriously. Participants leave with a working risk register and a rhythm for keeping it current.

  • Classroom (group of 3-15)
  • Certificate upon completion
  • 4 Hours (1 day)
  • English
Dubai
AED 1799
Enterprise Risk Management for Growing Businesses
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What will you learn?

  • Identify the risks that genuinely threaten your business and stop wasting time on risks that are theoretical, remote, or irrelevant to your stage of growth.
  • Categorise your risk landscape in a way that makes priorities obvious and ownership clear without requiring a risk management department.
  • Build a risk register that is simple enough to maintain, specific enough to be useful, and honest enough to actually reflect what keeps you up at night.
  • Assign risk ownership in a way that creates real accountability rather than distributing responsibility so widely that nobody owns anything.
  • Leave with a working ERM framework and monitoring cadence your leadership team will actually use after the workshop ends.

Prerequisites

Participants should have some experience in business, product management, or leadership roles.

Course Curriculum

4h total length

Day 1 – Building a Practical Risk Management System

Section 1: Risk Identification and Categorisation

  • Apply a structured risk identification process that surfaces strategic, operational, financial, and reputational risks without requiring specialist expertise.

  • Categorise identified risks using a simple likelihood and impact framework calibrated to your business size and stage.

  • Distinguish between risks to monitor, risks to mitigate, risks to transfer, and risks to accept so every risk has a clear management posture.

  • Identify the three to five risks that represent your highest current exposure and deserve immediate attention.

Hands-On Exercise: Participants run a structured risk identification session for their own business and categorise their top ten risks by likelihood, impact, and management posture.

Section 2: Risk Ownership and the Living Risk Register

  • Assign risk ownership using a framework that creates genuine accountability without overloading your leadership team or creating confusion about who does what.

  • Build a risk register that captures the right information at the right level of detail without becoming so complex it is abandoned after the first update.

  • Design mitigation actions for your highest-priority risks with specific owners, timelines, and success criteria.

  • Create a review protocol that keeps the risk register current and relevant without requiring monthly risk committee meetings.

Hands-On Exercise: Participants build the first version of their own risk register, assign ownership for their top five risks, and define mitigation actions for each

Section 3: The Monitoring Cadence and Risk Culture

  • Design a monitoring cadence that integrates risk review into existing leadership rhythms rather than creating a separate parallel process.

  • Build early warning indicators for your highest-priority risks so you know a risk is escalating before it becomes a crisis.

  • Create a risk reporting format that gives your board or leadership team the information they need in the time they are willing to spend.

  • Identify the leadership behaviours that build a healthy risk culture and distinguish them from the behaviours that turn risk management into a compliance theatre.

Hands-On Exercise: Participants design their monitoring cadence, define two early warning indicators for their highest-priority risk, and complete their ERM framework ready for immediate use.

Learn from an Expert in Risk management

Maurizio Garro works as a Model risk manager at Lloyds Banking Group, where he works as subject matter expert for implementing model risk management policy, governance and framework and lead the team to implement the activities defined in model risk management framework. He also provides guidance in the identification of models, documentation of model design, assumptions/limitations, administration, output and uses, governance, change management, and input processing.

Maurizio Garro

Maurizio Garro

Finance and Risk instructor

  • Financial Modeling & Valuation Analyst (FMVA) certification
  • Ex- KPMG and Llyods

About us

Inara is a dynamic hub for learning, innovation, and future-ready skills, dedicated to helping individuals and organisations grow with confidence in a world defined by technology, leadership, and creativity.

Founded in Dubai, a city that embodies ambition and progress, Inara was created to deliver modern, practical, and impactful training that evolves with the pace of change. Every programme is designed to inspire growth, spark innovation, and prepare people for what's next. Through partnerships with globally recognised institutions and certified providers, Inara offers access to internationally respected qualifications delivered by expert trainers who combine academic excellence with real-world insight—empowering learners and organisations to stay ahead in a rapidly transforming world.
Kognitiv Academy is a global enterprise training and consulting firm serving industry leaders across multiple regions. We specialise in capacity building and talent development, offering customisable programmes designed to elevate organisational performance across a wide range of disciplines.

We support organisations in identifying their most important goals and work closely with leadership teams to drive meaningful, long-lasting improvements. Our faculty brings strong expertise across coaching, facilitation, counselling, strategising, and organisational development, ensuring every engagement is purposeful and impactful. Everything we deliver is grounded in our commitment to excellence, a client-centred approach, and a foundation of trust and integrity. These principles guide our work and shape the long-term partnerships we build with clients around the world.