Thiqah Alamjad Consulting

Risk Management Consulting & Advisory Expertise & Services

At Thiqah Alamjad Management Consulting, we partner with organizations in Saudi Arabia to build resilient, high-performing, and future-ready risk management frameworks. Leveraging global best practices and regional insights, we provide comprehensive advisory and consulting services tailored to the Kingdom's evolving regulatory, financial, and business landscape.

1. Risk Governance & Framework Development

Establishing enterprise-wide risk governance frameworks, policies and procedures & structures aligned with Saudi regulatory expectations (SAMA, CMA, Tadawul).
Designing Board and Executive Risk Oversight models, including committee structures and charters.
Embedding the Three Lines Model for clear accountability across business units, control functions, and audit.
Creating risk culture programs to strengthen ethical conduct, decision-making, and accountability.

2. Enterprise Risk Management (ERM) Advisory

Designing and implementing ERM frameworks based on ISO 31000 and COSO ERM.
Developing integrated risk taxonomies and classification systems.
Building risk dashboards, heatmaps, and reporting tools to enhance Board-level visibility.
Supporting strategic risk assessments linked to Saudi Vision 2030 objectives.
Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on ERM.

3. Operational Risk Management Advisory

Designing and enhancing RCSA (Risk & Control Self-Assessment) frameworks.
Implementing Key Risk Indicators (KRIs) aligned with business KPIs for performance-linked monitoring.
Strengthening incident and loss event management frameworks with root cause analysis.
Building operational resilience programs, including crisis and continuity management.
Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on ERM

4. Fraud Risk Management Advisory

Establishing Fraud Risk Governance & Frameworks in line with global standards and Saudi compliance requirements.
Designing Fraud Risk Assessments, including Fraud Diamond/Tree methodology.
Enhancing fraud detection and prevention mechanisms, including transaction monitoring and red flag indicators.
Building awareness and training programs to cultivate a fraud-resilient culture across all levels.

5. Risk Appetite Framework Development & Implementation

Developing Board-approved Risk Appetite Statements tailored to organizational strategy.
Translating risk appetite into measurable risk limits across business lines and functions.
Embedding risk appetite into decision-making, capital planning, and performance management.
Conducting stress-testing and scenario analysis to ensure resilience under adverse conditions.
Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on Risk Appetite Framework Development & Implementation.

6. Specialized Advisory & Support Services

Designing internal control frameworks to eliminate redundancies and inefficiencies.
Supporting regulatory compliance through structured risk-based approaches.
Advisory on technology and cyber risk management, including digital transformation risks.
Providing bespoke training and executive workshops (CPD-accredited) to strengthen in-house capabilities.