Training Managing Financial Risks

Training Managing Financial Risks

INTRODUCTION

The purpose of this course is to give the participants a good and practical understanding of financial risks, methods, and tools for managing these risks under normal as well as stressful market conditions. The course includes introduction to risk management, risk management practices, globalization, financial innovation, risk “mutation”, tighter integration, the increasingly “systemic” nature of risk, and regulatory changes 

PROGRAMME OBJECTIVES 

• Specifying the exact nature and scope of corporate financial reporting
• Understanding financial risks and their interactions
• Being familiar with market and regulatory developments in risk management
• Identifying and overcoming limitations that are inherent in corporate financial reporting and/or corporate governance

WHO SHOULD ATTEND?

• Managers
• Financial officers
• Financial planners
• Auditors  
• Anyone interested and wanted to develop his performance in financial risk management

PROGRAM OUTLINE

• • Introduction
  • Scope of corporate financial reporting
  • Components of financial management
  • Types of Financial Risk
  • Developments in financial risk management

• • Risk management frameworks
  • Key areas of financial risk
  • The main families of risk and risk classification
  • The four T’s of risk treatment

• • Enterprise Risk Management Definitions
  • Inherent Risk vs. Residual Risk
  • The Risk Management Approach
  • Risk Architecture, Strategy & Protocols
  • Risk management policy
  • Risk Management Committee
  • Concluding Remarks

• • The Risk Management Process
  • The 7Rs and 4Ts of (hazard) risk management
  • Recording Risk Assessments
  • Risk Classification Systems
  • Risk Assessment
  • Risk Identification
  • Risk Analysis
  • Calculating the Expected Monetary Value (EMV) of risk
  • Using the Results to Make Decisions
  • Risk Evaluation
  • Risk Response Planning / Treatment
  • Risk Strategies
  • Multiple Projects? Multiple Risks? Multiple Strategies?

• The Risk Management Process (Continued)
• Risk Monitoring and Control
• Evaluate Existing Controls
• Embed Risk Aware Culture
• Learning and Reporting
• Monitor Risk Performance
• Report Risk Performance
• Risk Management Plan
• The Six Mistakes Executives make in Risk Management
• Guidelines for Management