Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
Risk is inherent in every business decision that is taken, be they the decisions of the simple trader in the souk, or those of a CEO of a multi-billion-dollar turnover company. The goal of every successful business professional and decision-maker should therefore be to become a proficient and effective risk manager.
Learning Objectives
Understand the importance of risk management and mitigation, as well as using risk analysis as a key business driver
Apply an internationally used risk management framework and a risk register to practical case studies in mitigating risk
Develop an integrated strategy for the identification, analysis, prioritization, quantification, and mitigation of different types of risk including operating risk, market risk, strategic risk, and management risk
Review the principles of corporate governance in the UAE and GCC and their role in compliance and manage risk mitigation
Assess, quantify and mitigate different types of financial risk including foreign exchange risk, interest rate risk, and market risk using hedging through financial instruments
Understanding the impact and the methods available to mitigate major strategic, operating and external business risks in a changing global environment
Understand the importance of internal control, the role of internal audit and the use of internal reporting for corporate risk management and control
Review and apply Risk Based Decision Making (RBDM) to the management process
Who Should Attend
This highly practical course has been specifically designed for the following professionals:
Risk Managers and Risk Analysts
Corporate Treasury Managers in banks and corporations
Finance Directors
Finance Controllers
Finance Managers
Accountants
Market risk staff
Brokers
Internal Auditors
Anyone who is responsible for analysing company financial risk and dealing with the various risk exposures that can affect their organisation.
Risk Managers and Risk Analysts
Corporate Treasury Managers in banks and corporations
Finance Directors
Finance Controllers
Finance Managers
Accountants
Market risk staff
Brokers
Course Outline
Day 1 — Introduction to Risk Management
The importance of risk management for the company and its stakeholders
The importance of risk control and mitigation
Identification and classification of different types of risk
Review of risk classification provided by the International Finance Corporation (IFC)
Day 2 — Enterprise Risk Management and the Application of Good Corporate Governance
Introduction to Enterprise Risk Management as outlined by the COSO Cube of New York’s Securities and Exchange Commission
The principles of good corporate governance and its role in mitigating management risk
The business case for risk management and the importance of good governance in risk management
Review of the corporate governance principles of the UAE
Day 3 — Exchange Rate Risk Management
Analysis of the impact of exchange rate risk on a company’s financial performance
A review of current emerging market volatility arising from exchange rate volatility (exampled from Turkey and Argentina)
Use of different financial instruments that can be applied in hedging against exchange rate volatility
An introduction to interest rate risks and using SWAPs to hedge against interest fluctuations
Day 4 — Operating Risks and Their Management in Business
Introduction to the challenges posed by operating risks
Review of a number of operating risk events in business and how they were handled
An overview of how internal control systems and processes can mitigate operating risks
The importance of strategic risk assessment and management in the life of a corporate
Day 5 — Embedding a Risk Aware Culture in the Organization and the Role of Internal Audit in Risk Management
Having assessed the impact of risk across organizations and covered many different risk mitigation techniques, we will review the importance of and methods for implementing a risk aware culture in any organization
Reviewing why risk is not the preserve of a select few, but of all members of an organization
Understanding applied methods in implementing a risk aware culture in an organization
Understanding why internal control processes and implementation are essential in creating a risk aware culture
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.