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Certificate in Financial Risk Management (CFRM)

Certificate in Financial Risk Management (CFRM)

Why Attend

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 them, and finally, planning treatment methodologies to handle them. 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.

Associations
Associations
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Overview
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:

  • Define the basic terms related to risk and the fundamentals of Enterprise Risk Management
  • Execute a qualitative risk analysis to determine the overall risk level
  • Perform a quantitative risk analysis by utilizing financial risk management techniques
  • Develop effective risk-based response and decision-making strategies based on the related priorities
  • Identify risk management maturity within an organization, create a risk register, and monitor the entire process
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
    • Three lines of defense
    • Definition of risk and identification of risk types
    • ERM process
    • Definition of risk appetite
    • Introduction to financial markets and products
  • Qualitative Risk Analysis
    • Brainstorming and the Delphi technique
    • SWOT analysis
    • 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
      • 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
    • Risk reviews
    • Identification of emerging risks and future trends
Associations
Associations
National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

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MPC
MPC Certifications
Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2024 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.

2025 Schedule & Fees

Location & Date
20 - 24 Apr, 2025
Dubai
English
Venue to be assigned
14 - 18 Sep, 2025
Dubai
Arabic
Venue to be assigned
2 - 6 Nov, 2025
Dubai
English
Venue to be assigned
Fees
Per participant

USD 6100

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

Virtual Learning
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