Course Overview
Why is it important to manage financial risks?
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.
What are the methods of financial risk management?
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 Zoe 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
Training Methodology
This collaborative Financial Risk Management Certification Course training program (course name) will comprise the following training methods:
- Lectures
- Seminars & Presentations
- Group Discussions
- Assignments
- Case Studies & Functional Exercises
Like all our acclaimed courses, this training program also follows the ‘Do-Review-Learn-Apply’ model.
Organisational Benefits
By the end of this Financial Risk Management Certification Course, participants will be able to:
- Understand the importance of risk management in an ever-evolving global environment
- Adopt an effective risk management framework
- Value the importance of Board Level involvement in risk management
- Identify the major financial risks including currency, rate, valuation and liquidity risks
- Understand difference between Qualitative & Qualitative methods of assessing risks
- Adopt strategies to monitor and manage risks
- Introduce and strengthen Internal Controls within the organisation.
- Improve all necessary risk management practices in the organization
Personal Benefits
Through this Zoe course, individuals will be able to:
- Learn basic concepts of risk management
- Appreciate the importance of risk management controls
- Learn to measure risk awareness in their organization and improve upon it
- Learn to evaluate various options to transfer/ minimise risks
- Contribute towards designing risk management strategies
- Examine various derivatives as a Risk Management Tool
Who Should Attend?
- 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
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
