Financial Risk Management Certification Course

Learn to identify and analyze areas of potential risk in the two-day Financial Risk Management Certification Course.

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  • Learn industry recommended financial risk management procedures and best practices.
  • Receive training from a financial risk management professional with 30+ years of experience.
  • Four ways to learn: public class, webinar, self-study, or on-site training.
  • Public class and webinar limited to four students for maximum learning.
  • Certificate issued on completion.
  • Cost: Two-day class $1,525.00.
  • Available Discounts

What Will I Learn in the Financial Risk Management Certification Course?

In the Financial Risk Management Certification Course, you will learn industry best practices for preserving the economic value of a firm by using financial instruments to identify and analyze areas of potential risk threatening the assets, earning capacity, or success of a business. Similar to general risk management, financial risk management requires identifying its sources, measuring them, and creating a plan to address them.

Enterprise Risk Management

Organizations are faced with a wide variety of potentially adverse outcomes. Such outcomes are referred to collectively as risks in this module. This module examines the essential elements of risk management and the concept of enterprise risk management (ERM). Enterprise risk management refers to a comprehensive, organization-wide approach to identifying, measuring, and managing the various risks that threaten the organization’s objectives.

ERM is pertinent to treasury professionals since the treasury function is typically responsible for some of ERM’s subcategories, such as financial risk management. In many organizations, the board of directors has a risk management committee that provides oversight to management regarding identifying and evaluating ERM-related issues. Some organizations have also added the chief risk

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Financial Risk Management Certification Course Outline

Module One: Enterprise Risk Management

A. Risk Management

  • Risk Management Process
  • Risk Management Policy
  • Risk Management Oversight

B. Categories of RiskBusiness-Wide Risks

  • Operational Risks Related to Treasury

C. Techniques Used to Measure Risk

  • Sensitivity Analysis
  • Scenario Analysis
  • Value at Risk (VaR)
  • Cash Flow at Risk (CaR)
  • Monte Carlo Simulation

D. Managing Insurable Risks

  • Transferring Risk via Insurance
  • Dealing with Insurance Providers and Brokers
  • Insurance Risk Management Services
  • Risk-Financing Techniques

E. Disaster Recovery and Business Continuity

  • Developing Effective Disaster Recovery and Business Continuity Plans
  • Implementing the Plans
  • Performing Periodic Testing

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Financial Risk Management Certification Course Public Class and Webinar Schedule

  • Monday and Tuesday, July 1-2, 2024
  • Monday and Tuesday, August 5-6, 2024 Full
  • Monday and Tuesday, September 9-10, 2024
  • Monday and Tuesday, October 7-8, 2024
  • Monday and Tuesday, November 4-5, 2024
  • Monday and Tuesday, December 2-3, 2024

Scheduled dates don’t work for you? Schedule your own start date (subject to availability).  Contact customer service to check date availability at info@academyofbusiness

Financial Risk Management Certification Course CPE Credits DIsclosure

Recommended CPE credit: 16
Recommended field of study: Financial Accounting
Program level: Advanced.
Advance preparation: None
Additional disclosure information

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officer (or chief risk management officer), whose primary responsibility is ERM. The chief risk officer is typically accountable to the board of directors for the measurement, management, and reporting of risks faced by the firm. Published standards, including the International Organization for Standardization (ISO) 31000 standard (revised in 2018), provide a framework and process for managing enterprise risk.

This module begins with reviewing general risk management principles, including outlining the overall risk management process, policy, and oversight. The section is followed by a discussion of the various types of enterprise and operational risks, along with techniques for measuring risk such as Sensitivity Analysis, Scenario Analysis, Value at Risk (VaR), Cash Flow at Risk (CaR), and Monte Carlo Simulation. The module closes with a discussion of insurance as part of the risk management process by transferring risk via insurance, dealing with insurance providers and brokers, insurance risk management services, and risk-financing techniques, and a brief discussion of disaster recovery and business continuity plans.

Financial Risk Management

The previous module introduced a standard process for enterprise risk management, which involved identifying, measuring, managing, and monitoring risks. This module builds on that framework by discussing the primary tools and techniques used to manage financial risks.

In most firms, the treasury department is responsible for financial risk management. Since the treasury department is a clearinghouse for daily financial information, treasury professionals are well-positioned to understand and control a firm’s exposure to financial risks. For domestic firms, interest rate risk has traditionally driven financial risk. However, increased globalization and international trade have created a corresponding need to manage foreign exchange and commodities risk.

This module begins with an overview of financial risk management, including discussing the three primary areas of financial risk, interest rate risk, foreign exchange (fx) risk, and commodity/input price risk. Next, the derivative products, forwards, futures, swaps, and options used to hedge financial risks are described. Following this discussion, examples are provided that apply these derivatives to managing interest rate and foreign exchange risk. The module closes with discussing other issues pertinent to financial risk management, accounting and tax issues, and hedging policy statements.

Treasury Policies and Procedures

Organizations use policies to identify and describe key risks and establish essential limits, guidelines, accountabilities, and risk management practices. A policy guides activities in a particular area and establishes performance evaluation guidelines and process measurements. Meanwhile, a procedure is a specified series of actions or operations that should be executed consistently to achieve the desired results identified in the policy. In other words, procedures should follow the policy’s guidelines and are how the policy is implemented. Policies should be clearly stated and enforced, as they are the basic principles, often approved by the board of directors, by which an organization operates.

This module provides an overview of the role of treasury policies and procedures and key control considerations for treasury policies. It discusses the key elements needed in developing an effective policy statement, objectives and scope, developing the policy, policy approval, procedure development and implementation, and policy review, updates, and revisions.

The module concludes by providing a list of key treasury policies: liquidity management policy, bank account and financial services authority policies, payments policy, wire transfer policy, credit and collections policy, cash flow forecast\ng policy, short-term and long-term investment policies, investment valuation and impairment policies, payment card policies, merchant card policy, outsourcing policy, financial risk management policies, regulatory compliance policies, funding/financing policies, dividend policy, treasury systems policy, and cyber risk management policy, and the elements considered when developing them.