General Objective:

The general objective of the course on Financial Risk Management is to equip participants with the knowledge, skills, and tools needed to identify, assess, mitigate, and effectively manage financial risks within organizations. The course aims to ensure that participants can make informed financial decisions that safeguard the financial stability and sustainability of the business.

Sub-Objectives:

·         Define and comprehend the concept of financial risk.

·         Identify and categorize different types of financial risks, including market risk, credit risk, liquidity risk, and operational risk.

·         Recognize the importance of financial risk management in the context of corporate governance.

·         Develop the ability to assess and quantify financial risks.

·         Utilize financial models and analytical tools to evaluate potential risks.

·         Identify key risk indicators and risk tolerance levels.

·         Prepare and communicate financial risk reports to relevant stakeholders.

·         Develop an integrated risk management framework that considers multiple risk types simultaneously.

Course Outline:

1: Introduction to Financial Risk Management

·         Definition and significance of financial risk management

·         Types of financial risks and their implications

·         Role of financial risk management in corporate governance

2: Market Risk Management

·         Market risk categories (interest rate, currency, equity, etc.)

·         Mitigation strategies for market risk

·         Market risk monitoring and measurement

3: Credit Risk Management

·         Credit risk in lending and investment

·         Credit risk assessment and scoring

·         Credit risk policies and procedures

4: Liquidity Risk Management

·         Identifying liquidity risk

·         Liquidity risk management strategies

·         Liquidity risk measurement and monitoring

5: Operational Risk Management

·         Operational risk sources and impact

·         Operational risk assessment and mitigation

·         Incident response and resilience

6: Regulatory Compliance and Risk Reporting

·         Regulatory requirements in financial risk management

·         Compliance and reporting standards

·         Stakeholder communication and reporting