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

Module Two: Financial Risk Management

A. Types of Financial Risk

  • Interest Rate Risk
  • Foreign Exchange (FX) Risk
  • Commodity/Input Price Risk

B. Managing Financial Risk

  • Key Concepts in Financial Risk Management
  • Benefits of Financial Risk Management

C. Derivative Instruments as Financial Risk Management Tools

  • Forwards
  • Futures
  • Swaps
  • Options

D. Managing Interest Rate Exposure

  • Nature of Interest Rate Exposure
  • Using Interest Rate Derivatives to Manage Interest Rate Exposure

E. Managing Foreign Exchange (FX) Exposure

  • Nature of FX Exposure
  • FX Rates
  • Emerging Markets
  • Using Currency Derivatives to Manage FX Risk

F. Managing Commodity Price Exposure
G. Accounting and Tax Implications of Financial Risk Management

  • Accounting Implications
  • Tax Implications
  • H. Hedging Policy Statement

Module Three: Treasury Policies and Procedures

A. Overview of Treasury Policies and Procedures

  • Role of Treasury Policies and Procedures
  • Key Control Considerations for Treasury Policies

B. Creating a Treasury Policy Document
Objectives and Scope

  • Developing the Policy
  • Policy Approval
  • Development and Implementation
  • Policy Review, Updates, and Revisions

C. Overview 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 Forecasting 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
  • Cyber Risk Management Policy