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 them, and finally, planning treatment methodologies to handle them. 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.
Auditing and Governance Risk and Compliance
Certificate in Financial Risk Management (CFRM)
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 them, and finally, planning treatment methodologies to handle them. 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.
Upcoming dates
Classroom
| Start date | End date | Location | Fee | Registration |
|---|---|---|---|---|
| Munich - Germany |
€1,725 + VAT
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| Amsterdam - Netherlands |
€2,125 + VAT
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| Istanbul - Türkiye |
€1,425 + VAT
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| Rome - Italy |
€2,125 + VAT
|
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| Kuala Lumpur - Malaysia |
€1,400 + VAT
|
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| Barcelona - Spain |
€1,925 + VAT
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| London - United Kingdom |
€2,100 + VAT
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| Munich - Germany |
€2,125 + VAT
|
→ |
Online live
Remote
- Define the basic terms related to risk and the fundamentals of Enterprise Risk Management
- Execute a qualitative risk analysis to determine the overall risk level
- Perform a quantitative risk analysis by utilizing financial risk management techniques
- Develop effective risk-based response and decision-making strategies based on the related priorities
- Identify risk management maturity within an organization, create a risk register, and monitor the entire process
This program is intended for professionals involved in Auditing and Governance Risk and Compliance.
- 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)
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.
Day1
Introduction to Enterprise Risk Management (ERM)
- Governance, Risk, and Compliance (GRC) framework introduction
- Three lines of defense
- Definition of risk and identification of risk types
- ERM process
- Definition of risk appetite
- Introduction to financial markets and products
Day2
Qualitative Risk Analysis
- Brainstorming and the Delphi technique
- SWOT analysis
- 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
Day3
Risk management and investment management methodologies
- Monte Carlo simulation
- Sensitivity and scenario analysis
- Expected Monetary Value (EMV)
- Risk-adjusted performance measures
Day4
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
Day5
Assessment of Risk Maturity and Monitoring
- Implementation of a risk register
- Assessment of the risk management maturity
- Risk-based internal audit
- Risk reviews
- Identification of emerging risks and future trends
SPARK Training Certificate of Completion is awarded to participants who attend and complete the full training course.
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