This course aims to enable participants to navigate the financial risks that companies face during their operations. By attending, participants will acquire the knowledge…
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 the identified risks, and finally, planning treatment methodologies to handle those risks. 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.
Course Methodology
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.
Course Objectives
By the end of the course, participants will be able to:
Utilize GRC knowledge and conclude a risk appetite framework
Determine overall risk level by identifying and assessing risks qualitatively
Perform a quantitative risk analysis by utilizing Financial Risk Management techniques
Apply decision-making strategies to develop effective risk-based responses
Assess risk management maturity and monitor risks
Target Audience
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).
Target Competencies
Identifying financial risks
Assessing financial risks
Evaluating financial risk responses
Developing decision-making capabilities
Monitoring and reporting financial risks
Course Outline
Introduction to Enterprise Risk Management (ERM)
Governance, Risk, and Compliance (GRC) framework introduction
The three lines of defense
Definition of risk
ERM process
Definition of risk appetite
Introduction to financial markets and products
Qualitative Risk Analysis
Brainstorming and the Delphi technique
SWOT analysis
Identification of risk types
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
Risk management and investment management methodologies
The Monte Carlo simulation
Sensitivity and scenario analysis
Expected Monetary Value (EMV)
Risk-adjusted performance measures
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
Assessment of Risk Maturity and Monitoring
Implementation of a risk register
Assessment of the risk management maturity
Risk-based internal audit
Monitoring risks
Identification of emerging risks and future trends
Schedule & Fees
2026 Schedule & Fees
There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.