Financial Risk Management Training Course

INTRODUCTION

The increasing complexity of risks—amplified by incidents like the Enron scandal in 2000, the 2008 financial crisis, and the more recent disruptions caused by the COVID-19 pandemic—underscores the critical need for organizations to adopt effective risk management strategies. These challenges threaten the core stability of businesses, impacting everything from employee well-being to organizational reputation and long-term viability. This comprehensive Financial Risk Management training course will provide participants with the necessary skills to identify, assess, and mitigate financial risks. The course emphasizes the integration of risk management into the strategic planning process, enabling organizations to minimize potential impacts and enhance their resilience. Participants will gain practical insights into developing a risk management framework that aligns with their organization's strategic goals, ensuring a proactive approach to risk mitigation.

COURSE OBJECTIVES

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

• Assess Risk Maturity: Evaluate the organization's current risk maturity and identify areas for improvement.
• Develop a Risk Management Framework: Create a comprehensive framework for managing risks within the organization.
• Identify Risks and Opportunities: Recognize potential risks and opportunities, and assess their implications.
• Perform Qualitative and Quantitative Risk Analysis: Conduct thorough risk analyses, both qualitative and quantitative, to determine the probability and impact of identified risks.
• Plan and Implement Risk Responses: Develop and execute risk response strategies, including contingency plans to minimize exposure.
• Monitor and Report Progress: Establish effective monitoring and reporting mechanisms to track the implementation of risk responses.

WHO SHOULD ATTEND?

This Financial Risk Management training course is ideal for:

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

DURATION

10 Days

COURSE OUTLINE

Module 1: Introduction to Risk Management

• Defining risk and opportunity
• Key risks: inherent vs. residual
• Understanding risk appetite and factors

Module 2: Understanding the Risk Management Framework (RMF)

• Steps for identifying, measuring, and mitigating risks
• Importance of reporting and monitoring
• Governance and oversight in risk management

Module 3: Assessing Risk Maturity

• Stages of risk maturity: Enabled, Managed, Defined, Aware, Naive
• Evaluating the organization's current risk maturity level

Module 4: Risk Response Strategies

• Risk avoidance, reduction, alternative strategies, sharing, and acceptance
• Developing a comprehensive risk response plan

Module 5: Financial Risk Factors

• Understanding credit, market, liquidity, and business risks
• Strategies for managing financial risk factors

Module 6: Hedging and Use of Derivatives

• Introduction to derivatives: swaps, futures, forwards, and options
• Applying hedging techniques to mitigate financial risks

Module 7: Risk Management in the Public Sector

• Internal and external risks in the public sector
• Strategic risk management in public projects

Module 8: ISO 31000 Guidelines

• Principles and framework of ISO 31000
• Implementing ISO 31000 in risk management processes

Module 9: Risk Management in Projects

• Managing risks in project scope, budget, communication, and scheduling
• Engaging third parties in risk management

Module 10: Effective Risk Management Practices

• Importance of good corporate governance
• Building a diversified and qualified board
• Establishing strong internal controls and audit functions

METHODOLOGY

The course is delivered through a blended learning approach, combining presentations, practical exercises, web-based tutorials, and group work. Facilitators are industry experts with extensive experience in financial risk management.

KEY NOTES

• The participant must be conversant with English.
• Course duration is flexible and the contents can be modified to fit any number of days.
• The course fee includes facilitation training materials and a certificate upon successful completion of Training.
• One-year post-training support, consultation, and coaching provided after the course.