Certified Expert in Risk Management
Course Overview
Risk is inherent in the delivery of financial services. It is therefore important for financial institutions to implement a systematic risk management approach.
The objective of this course is to deepen your understanding of modern risk analysis including credit, market, liquidity and operational risk and to implement this understanding in your institution. The course teaches global concepts applied to the special conditions of developing and emerging markets.
Certified Expert in Risk Management is a comprehensive qualification for financial sector professionals with a special emphasis on the particular requirements of emerging and developing markets. It gives you the tools to measure risks and devise appropriate risk-taking and mitigation strategies that give your institution the competitive edge in delivering inclusive financial services in a rapidly evolving environment.
Target Audience
This course should be of interest to financial professionals in retail and small business banks, leasing firms, consumer credit companies and microfinance institutions.
Managers and analysts at wholesale lenders and investment vehicles with exposure to the retail finance and microfinance sectors will also get excellent value from this Certificate.
Many participants will currently be employed or interested in taking up a position as accountant, treasury manager, chief risk officer, risk analyst, credit manager, internal auditor or collections manager etc.
Workload & Prerequisites
The course takes 6 months assuming 5-7 hours of self-study per week. It consists of 10 units which build upon each other. You will take the units in sequence and will need to pass an online multiple choice test before accessing the next unit.
The CERM course includes 3 mandatory assignments, which have to be submitted on a specific date.
You are not sure if you will manage to complete the course within 6 months? No worries! You can apply for a course extension (6 more months) for a small administrative fee.
Registration
Registrations for the course beginning on 1 September 2024 are now open.
Awarding Body
The certification is awarded by Frankfurt School of Finance and Management,Germany.
Learning Objectives
In financial services, future outcomes are never certain. Everything is risky and everyone finds it fashionable to add "risk" to every management buzzword in the book. It can make your head spin. This course is about giving you the vocabulary and the tools to cut through the fluff.
Early on in the course you will learn to identify and structure the various dimensions of risk facing a financial institution using an emerging consensus terminology that is shared between practitioners, regulators and professional risk analysts. Once we have put some order into the risk anecdotes, we will begin to measure exposures and quantify potential losses that could arise, if a risk event materialized. This is where some of the statistics and financial modelling skills come in. But don't worry, if you know a bit of Excel, you will be just fine. Every model, every calculation comes with easy-to-follow, step-by-step guidance and examples.
Only if we can measure the exposure to risk by estimating the size of a potential loss and the frequency or likelihood that it might occur, we can begin to consider what should be done about it, i.e. how to manage it.
That sums up the objective of the course. Once you are certified, you will be able to identify risks in your institution, describe them using commonly accepted terminology, quantify the severity and likelihood of losses and devise proper strategies to manage each type of exposure. In parallel, you will also have learned how to organize the processes around risk management and how to communicate with regulators and your own board about the risks and opportunities facing your institution.
