Financial Risk Management Training Course

INTRODUCTION

Risk management has arguably never been more imperative than right now. For starters, governments and businesses are faced with constantly emerging risks in light of rapid globalization. Furthermore, events such as the Enron scandal in year 2000, the financial crisis of 2008 and, more recently, the spread of coronavirus and subsequent supply chain upheaval are threatening the very existence of organisations, affecting everything from the health and safety of employees to corporate reputations and the ability to remain going-concern.

Fortunately, the awareness for good governance and effective risk management is on the rise. Risks need to be managed in order to minimise the impact and for this reason, every organisation requires efficient risk management and needs to have a risk management plan most suited to the organisation. This course on Financial Risk Management will empower participants in developing skills to identify and evaluate risks and integrating risk management with the overall strategic plan of the organization.

This Skills for Africa training course will empower you to identify potential financial risks and take important and urgent decisions based on your analysis. You will understand the risk management framework and various aspects of risk mitigation..

COURSE OBJECTIVES

The objective of this course is to empower participants and organisations to:

• Assess Risk Maturity of the organization
• Plan Risk Management framework
• Identify risks and opportunities
• Perform qualitative risk analysis based on probability of occurrence and potential outcome
• Perform quantitative risk analysis: to assess the numerical impact of risks identified
• Plan risk responses including contingency plan to reduce overall exposure
• Implement risk responses in accordance with the agreed plan and timeline
• Monitor progress of implementation with proper reporting

Who Should Attend?

This training course is ideal for:

• Financial Directors
• Senior Executives in the Finance sector
• Chief Financial Officer
• Finance Managers
• Chief Risk Officers
• Risk Managers
• Internal Auditors
• Professionals reporting to the CFO and CRO

DURATION

10 Days

COURSE OUTLINE

Module 1: Introduction to Risk Management

• Risk defined
• Opportunity
• Key risks
• Inherent risk
• Residual risk
• Risk appetite
• Risk factors

Module 2: Understanding Risk Management Framework (RMF)

• Identification
• Measurement
• Mitigation
• Reporting and Monitoring
• Governance

Module 3: Conclude on the risk maturity

• Enabled
• Managed
• Defined
• Aware
• Naive

Module 4: Risk Response

• Avoidance
• Reduction
• Alternative
• Share or Insure
• Accept

Module 5: Financial Risk Factors

• Credit Concentration
• Market
• Liquidity
• Business

Module 6: Hedging & Use of Derivatives

• Understanding Derivatives
• Swaps
• Futures Contracts
• Forward Contracts
• Stock Option

Module 7: Risk Management in Public Sector

• Internal
• External
• Strategic
• Projects Delivery

Module 8: Guidance provided by ISO 31000

• Principles
• Framework
• Process

Module 9: Risk Management in Projects

• Scope
• Budget
• Clarity
• Communication
• Third Party Commitment
• Scheduling

Module 10: How risks can be managed?

• Good corporate governance
• A diversified well-qualified board
• A capable senior management team
• Well-documented procedures
• Strong internal controls
• An independent internal audit function
• Effective risk assessment and oversight process

Methodology

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

Key Notes

a. The participant must be conversant with English.

b. Course duration is flexible and the contents can be modified to fit any number of days.

c. The course fee includes facilitation training materials and a certificate upon successful completion of Training.

d. One-year post-training support Consultation and Coaching provided after the course.