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Certificate in Financial Risk Management

Certificate in Financial Risk Management

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Overview
Why Attend

This course aims to enable participants to navigate the financial risks that companies face during their operations. By attending, participants will acquire the knowledge to develop a practical Enterprise Risk Management (ERM) framework, starting with identifying financial risks, analyzing the identified risks, and finally, planning treatment methodologies to handle those risks. They will also learn to analyze the risks qualitatively and quantitatively using different practical methods, tools, and techniques and stay updated with the latest industry trends.

Course Methodology

The course uses interactive techniques, such as brief presentations by the consultant and participants. It also features several group exercises and simulations to help participants consolidate their learning experience.

Course Objectives

By the end of the course, participants will be able to:

  • Utilize GRC knowledge and conclude a risk appetite framework
  • Determine overall risk level by identifying and assessing risks qualitatively
  • Perform a quantitative risk analysis by utilizing Financial Risk Management techniques
  • Apply decision-making strategies to develop effective risk-based responses
  • Assess risk management maturity and monitor risks
Target Audience

This course has been designed for risk managers, risk owners, internal auditors, governance professionals, financial services regulators, project managers, finance managers, functional managers, senior managers, board members, and all individuals interested in Enterprise Risk Management (ERM).

Target Competencies
  • Identifying financial risks
  • Assessing financial risks
  • Evaluating financial risk responses
  • Developing decision-making capabilities
  • Monitoring and reporting financial risks
Course Outline
  • Introduction to Enterprise Risk Management (ERM)
    • Governance, Risk, and Compliance (GRC) framework introduction
    • The three lines of defense
    • Definition of risk
    • ERM process
    • Definition of risk appetite
    • Introduction to financial markets and products
  • Qualitative Risk Analysis
    • Brainstorming and the Delphi technique
    • SWOT analysis
    • Identification of risk types 
    • Risk probability and impact assessment
    • Heat maps and risk scores

    • Risk urgency assessment

  • Quantitative Risk Analysis
    • Credit risk
      • Credit analysis
      • Credit rating
      • Credit portfolio management
      • Expected Credit Loss (ECL)
    • Market risk
      • Classification of instruments and valuation methodologies
      • Value at Risk (VaR)
      • Stress testing
      • Liquidity risk
    • Operational risk
    • Risk management and investment management methodologies
      • The Monte Carlo simulation
      • Sensitivity and scenario analysis
      • Expected Monetary Value (EMV)
    • Risk-adjusted performance measures
  • Risk Response Strategies and Decision Making
    • Secondary and residual risks: Risk response strategies
    • Calibrating Key Risk Indicators (KRIs)
    • Contingency planning strategy
    • Incident management
    • Decision tree analysis
    • Decision-making reconciled with risk appetite
  • Assessment of Risk Maturity and Monitoring
    • Implementation of a risk register
    • Assessment of the risk management maturity
    • Risk-based internal audit
    • Monitoring risks
    • Identification of emerging risks and future trends
Schedule & Fees

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