MANAGEMENT OF FINANCIAL RISKS
Course Code
RFM 301
Category
Risk Management
Scope
Risk Management
Duration
4 days
Status
ACTIVE
Competency
Ability to identify, assess, and mitigate financial risks using quantitative models.
Target Audience
Financial managers, risk analysts, and finance professionals.
Course Overview
This course provides a comprehensive framework for managing financial risks within an organization. It is designed to equip professionals with the knowledge and tools needed to identify, assess, measure, and mitigate various types of financial risks, including market, credit, and liquidity risks. The program will cover strategic and operational aspects of financial risk management, emphasizing the use of quantitative models and risk control techniques to protect the organization's financial health and ensure long-term stability. Participants will learn how to integrate a robust risk management culture into their financial decision-making processes to enhance business resilience and profitability.
Learning Objectives
- Identify and categorize key financial risks, including market risk, credit risk, liquidity risk, and operational risk.
- Apply quantitative models and analytical tools to measure and assess risk exposure.
- Develop and implement effective strategies to mitigate financial risks.
- Understand the role of internal controls and governance in managing financial risks.
- Evaluate and propose appropriate risk management frameworks for their organization.
Daily Topics
Day 1: Financial Risk Types – Market, Credit, Liquidity, Operational; ISM Code financial resources, ISPS Code security budgeting.
Day 2: Risk Measurement – Quantitative models, Analytical tools; ISO 31000, Basel III.
Day 3: Mitigation – Hedging, Derivatives, Internal controls; SOLAS safety expenditure, MARPOL compliance costs.
Day 4: Frameworks – Risk frameworks, Implementation, Case studies; IMO financial security guidelines, MLC 2006 financial security, IFRS, OECD Transfer Pricing Guidelines.
References
ISM Code (financial resource management), ISPS Code (security budgeting), SOLAS (safety expenditure), MARPOL (environmental compliance costs), ISO 31000 (Risk Management), Basel III (banking regulations for ship finance), IMO guidelines on financial security, MLC 2006 (financial security for crew), IFRS (financial reporting), OECD Transfer Pricing Guidelines.
Upcoming Course Dates
May 24 – May 27, 2027