Financial Risk Management register

Course Overview
The management of risk is fundamental to the efficient and effective implementation of policy and programmes for any organization, as well as for the ongoing success of an organisation’s strategy, business development and operations. In today’s global economy, it is a formal requirement underpinning international standards, corporate governance and quality assurance measures.
 
Financial risk has had its profile raised recently due to events in the international banking sector and the general economic downturn. Organisations have seen turnover fall in key areas, bad debt rise and, in government’s case, the cost of social support programmes soar. All of these are examples of risks materialising, often in ways that were not previously well understood.
 
This programme will deal with budgetary, trading, propriety, fiscal and treasury management risk, setting out the techniques for risk identification, assessment and mitigation. We will examine the roles of managers, financial managers and internal and external audit in managing risk and the governance arrangements that support and enforce the management of risk.

Course Objectives

  • Developing a financial risk management framework and risk strategy
  • Identifying different aspects of financial risk to the business
  • Risk management processes and the consequences of not undertaking proactive risk management
  • How to deal with fraud and financial malpractice and means of avoiding them
  • Examples of risk management reporting tools and techniques
  • Identifying, analysing, mitigating, monitoring and controlling financial risks
  • Managing risk in debt portfolios
  • Managing investment risk
  • Identifying and managing fiscal risk
  • Project and programme risk

Course Outline

  • Review your organisation’s financial risk exposure
  • Develop a sustainable financial risk management framework
  • Help your organisation to become financially more robust
  • Budgetary, trading, propriety, fiscal and treasury management risk
  • Techniques for risk identification, assessment and mitigation
  • The roles of managers, financial managers and internal and external audit in managing risk
  • The governance arrangements that support and enforce the management of risk