Financial Risk Management Course

Introduction

Risk management is arguably more important now than it has ever been. In light of rising globalization, governments and corporations are continually confronted with new threats. Fortunately, there is a growing awareness of the importance of sound governance and risk management. Every organization needs effective risk management and must have a risk management plan that is customized for the organization to manage risks effectively and reduce their impact.

This training on financial risk management course will empower participants in developing skills to identify and evaluate risks and integrate risk management with the overall strategic plan of the organization.

Duration

5 days

Who Should Attend

Training on financial risk management course is ideal for financial directors, risk officers, risk managers, internal auditors, professionals who report to finance and risk managers, and any other professionals who want to build their skills in financial risk management.

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

Course Content

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

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

Training Venue: The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.