Financial Risk Management Training Course

Duration 5 days 10 modules · 33 contact hours
Level Intermediate Certificate on completion
Who attends Finance Managers, Treasury Professionals and others
Fee from USD 1,100 KSh 95,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 7 Nov 2026 Course code SD-RM-044

Before you join: Participants should understand core finance and accounting concepts, including financial statements, cash flow, working capital, budgeting and basic financial ratios.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Financial risk can erode earnings, restrict funding, breach covenants and damage confidence before it appears in standard financial reports. Finance professionals need to identify exposures early, quantify their potential effect, set meaningful limits and report clearly to management and boards. This course addresses the practical challenge of connecting risk principles with daily decisions on cash, credit, market exposures, funding, controls and financial planning.

Participants examine the main categories of financial risk: market, credit, liquidity, operational, model, counterparty and funding risk. They use COSO ERM and ISO 31000 principles to structure risk governance, risk registers, appetite statements and escalation routes. The course covers cash-flow forecasting, credit assessment, derivatives, Value at Risk, stress testing, liquidity ratios, risk-adjusted return measures and risk reporting. Participants learn to interpret risk measures rather than treat them as isolated calculations, and to explain what management actions are required.

Teaching combines focused instructor briefings with finance cases, group analysis, calculation-based work, scenario simulations and structured application planning. Cases reflect decisions faced by corporate treasury teams, banks, insurers, public bodies and large project organisations. Participants leave with a set of reusable finance risk management templates, including a risk register, cash forecast model, limit framework, dashboard structure and risk treatment plan. The course is suited to professionals who contribute to financial decisions and need a stronger working command of risk methods, controls and reporting.

What you will be able to do

  • Classify market, credit, liquidity, operational and model risks using a finance risk taxonomy
  • Measure market-risk exposures using sensitivities, duration, Value at Risk and stress tests
  • Assess counterparty creditworthiness using financial ratios, scorecards, ratings and concentration analysis
  • Build a 13-week rolling cash forecast and identify liquidity funding gaps
  • Evaluate derivative instruments and hedge effectiveness for interest-rate and foreign-exchange exposures
  • Apply COSO ERM and ISO 31000 principles to finance risk governance and risk registers
  • Design risk appetite metrics, limits, key risk indicators and escalation thresholds
  • Produce management-ready risk dashboards, reports and risk treatment action plans

Benefits of attending

For you

  • Greater confidence challenging financial risk assumptions and reported exposures
  • Practical methods for assessing cash, credit, market and funding risks
  • Stronger ability to explain risk findings to senior management and boards
  • Reusable models for liquidity forecasting, limit monitoring and risk reporting
  • Improved readiness for finance, treasury, risk and control responsibilities

For your organisation

  • Earlier identification of material cash, credit and market-risk exposures
  • More consistent risk limits, escalation routes and management reporting
  • Better-informed funding, hedging, lending and investment decisions
  • Clearer evidence of finance risk controls and accountability
  • Improved connection between risk appetite, financial planning and capital decisions

Course modules

10 modules over 5 days

Participants can structure finance risk governance, classify exposures and assign clear ownership.

  • Financial risk taxonomy distinguishing market, credit, liquidity, operational and model risk
  • COSO ERM components linked to finance risk ownership and oversight
  • ISO 31000 principles used to structure risk identification and treatment
  • Three-lines model roles for boards, management, risk and internal audit
  • Risk registers recording causes, events, impacts, controls and accountable owners
  • Risk appetite statements translated into measurable finance risk tolerances
  • Governance escalation routes triggered by breaches, incidents and emerging exposures

Participants can identify market exposures and apply common sensitivity measures.

  • Interest-rate risk measured through repricing gaps, duration and basis-point value
  • Foreign exchange exposures mapped by transaction, translation and economic risk categories
  • Equity and commodity exposures identified from positions, contracts and forecasts
  • Sensitivities calculated using delta, duration, beta and basis-point value measures
  • Correlation assumptions tested before aggregating market-risk positions into portfolio exposures
  • Market data controls covering price sources, valuation dates and stale quotes

Participants can assess counterparty risk and set credit limits using relevant evidence.

  • Counterparty credit assessment using financial ratios, qualitative factors and scorecards
  • Probability of default, loss given default and exposure at default
  • Expected credit loss staging under IFRS 9 impairment requirements
  • Credit limits set using obligor ratings, collateral and concentration thresholds
  • Wrong-way risk identified where exposure rises as counterparty quality declines
  • Loan portfolio concentration analysed by sector, geography, product and maturity
  • Credit migration matrices used to estimate rating-transition risk over defined horizons

Participants can forecast liquidity needs, identify funding gaps and prepare contingency actions.

  • Cash conversion cycles analysed through receivables, inventory, payables and operating cash
  • 13-week rolling cash forecasts built from receipts, payroll and supplier data
  • Liquidity gaps measured across contractual maturities and behavioural cash-flow assumptions
  • Liquidity coverage ratio and net stable funding ratio fundamentals
  • Contingency funding plans defining triggers, actions, sources and communications
  • Funding concentration assessed by lender, instrument, currency and renewal date
  • Early-warning indicators monitored for covenant pressure, drawdowns and deposit outflows

Participants can evaluate common derivative instruments and assess their hedging purpose.

  • Forward contracts, futures, swaps and options matched to underlying exposures
  • Hedge objectives distinguished between economic hedging and accounting hedge designation
  • Interest-rate swaps evaluated using fixed, floating, notional and reset terms
  • Foreign-exchange forwards priced from spot rates, forward points and settlement dates
  • Option payoffs interpreted through strike price, premium, expiry and exercise rights
  • ISDA documentation terms reviewed for collateral, close-out and netting provisions
  • Hedge effectiveness assessed using critical-terms matching and regression methods

Participants can interpret quantitative risk measures, scenarios and model limitations.

  • Value at Risk estimated using historical simulation, parametric and Monte Carlo methods
  • Confidence levels, holding periods and distribution assumptions compared critically
  • Expected shortfall interpreted alongside Value at Risk tail-loss limitations
  • Stress tests designed from historical events, sensitivities and hypothetical scenarios
  • Reverse stress testing identifies conditions that would breach viability thresholds
  • Backtesting compares model forecasts with actual losses and exception counts
  • Model risk documented through assumptions, validation, change control and independent review

Participants can assess operational risk events, controls and indicators within finance processes.

  • Operational risk events classified by people, process, systems and external events
  • Risk and control self-assessments connect processes, risks, controls and ratings
  • Key risk indicators specified with thresholds, owners, frequency and escalation
  • Loss-event data analysed for frequency, severity, recovery and root cause
  • Business continuity plans address critical finance processes and system outages
  • Fraud risk assessed through incentives, opportunities, rationalisation and control gaps
  • Third-party risk reviews cover financial viability, service dependencies and exit plans

Participants can set finance risk limits and relate risk-taking to financial performance.

  • Risk appetite metrics aligned with capital, earnings, liquidity and conduct objectives
  • Tolerance thresholds distinguished from operating limits and early-warning indicators
  • Limit structures allocated by portfolio, desk, counterparty, currency and tenor
  • Risk-adjusted return measures compare income with capital consumption and volatility
  • RAROC calculations support pricing, portfolio allocation and performance assessment
  • Capital adequacy concepts connect unexpected loss, buffers and risk-weighted assets
  • Limit breaches investigated, approved, remediated and reported through defined authorities

Participants can produce clear risk reports supported by control evidence and data traceability.

  • Risk dashboards combine exposures, limits, trends, scenarios and management actions
  • Board risk reports separate headline indicators from supporting analytical detail
  • Risk heat maps use likelihood, impact and control-effectiveness scoring
  • Control testing evidence documents design adequacy, operating effectiveness and exceptions
  • Risk data lineage traces reported metrics to source systems and assumptions
  • Basel III reporting concepts cover capital, liquidity and market-risk disclosures
  • Management commentary explains drivers, uncertainty, decisions and required escalation

Participants can prioritise risk treatments and create a practical finance risk improvement plan.

  • Material risk exposures prioritised using likelihood, impact, velocity and control assessments
  • Risk treatment options compared through avoidance, reduction, transfer and acceptance
  • Action plans assign owners, milestones, resources, indicators and review dates
  • Finance risk registers updated with residual ratings and treatment rationale
  • Scenario findings translated into funding, hedging, credit and limit actions
  • Personal application plans target one material workplace risk-management improvement
  • Review cycles establish monitoring cadence, escalation triggers and governance forums

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. Financial risk register template
  2. 13-week rolling cash forecast model
  3. Counterparty credit assessment scorecard
  4. Risk appetite and limit framework
  5. Finance risk dashboard template
  6. Risk treatment action plan

Who should attend

  • Finance Managers — need to identify, quantify and communicate material financial exposures
  • Treasury Professionals — manage cash, funding, foreign-exchange and interest-rate risks
  • Financial Controllers — require stronger risk analysis for reporting, planning and control decisions
  • Risk Managers — need practical finance methods for enterprise risk oversight
  • Credit Analysts — assess counterparty quality, concentration and expected credit losses
  • Internal Auditors — review finance risk controls, governance and reporting evidence

Skills and tools covered

Financial risk governanceMarket risk measurementCredit risk assessmentLiquidity forecastingStress testingRisk reporting

Tools and standards

COSO ERM, ISO 31000, Basel III, IFRS 9

How the course runs

Training methodology

The course uses short instructor briefings to introduce methods, followed by finance cases, group exercises, calculation work and facilitated discussion. Participants analyse cash forecasts, counterparty data, market-risk measures, liquidity gaps and risk reports. Scenario simulations require teams to respond to funding pressure, limit breaches, changing interest rates and counterparty deterioration. Throughout the course, participants adapt templates and action plans to their own finance responsibilities, with instructor feedback on assumptions, controls, reporting and escalation decisions.

Requirements and prerequisites

Participants should understand core finance and accounting concepts, including financial statements, cash flow, working capital, budgeting and basic financial ratios. Experience in a finance, treasury, accounting, audit, credit or risk role is useful. Participants should be comfortable reading simple spreadsheets and interpreting numerical reports. Prior exposure to derivatives, Basel standards, IFRS 9, Value at Risk or formal enterprise risk management is not required. The course explains these concepts before applying them to finance decisions.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

Participants should understand basic finance and accounting concepts, including cash flow, financial statements and financial ratios. No previous study of Value at Risk, derivatives, Basel III, IFRS 9 or formal risk management is required.

Participants should bring a laptop if possible, along with examples of the financial risks, reports or control issues they encounter. Confidential information should be removed or anonymised before use in discussion.

The course suits finance managers, treasury staff, controllers, risk professionals, credit analysts and internal auditors. It is particularly useful for professionals moving into roles with responsibility for financial exposures or risk reporting.

Treasury management training concentrates on cash, funding, banking and hedging operations, while corporate finance often focuses on valuation, investment and capital structure. This course examines the wider framework for identifying, measuring, controlling and reporting financial risks.

Participants can use the templates to improve risk registers, cash forecasts, counterparty reviews, risk limits and management reports. The final application plan helps them select a material finance risk issue and define practical next steps.

Each training day runs from 08:30 to 16:30 and provides about 6.5 contact hours. The five days progress from governance and risk types through measurement, liquidity, hedging, controls, reporting and application planning.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

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