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GRC-003

Certificate in Financial Risk Management (CFRM)

Intensive 5-day course · English, Arabic & European languages

Risk owners, finance staff and managers examine financial exposures through a five-day programme in Enterprise Risk Management. Delegates develop an ERM framework that connects identification and analysis with treatment and monitoring. Qualitative and quantitative methods support work on credit, market and other risks, with simulations and exercises throughout.

Classroom

Public courses in our cities

  • 26–30 Oct 2026Riyadh£4,200 + VAT
  • 9–13 Nov 2026Amsterdam£3,400 + VAT
  • 23–27 Nov 2026Doha£4,200 + VAT
  • 14–18 Dec 2026Istanbul£2,280 + VAT
  • 28 Dec – 1 Jan 2026Abu Dhabi£4,200 + VAT
  • 4–8 Jan 2027Barcelona£3,080 + VAT
Show 23 more dates
  • 18–22 Jan 2027Riyadh£4,200 + VAT
  • 1–5 Feb 2027London£3,360 + VAT
  • 15–19 Feb 2027Doha£4,200 + VAT
  • 8–12 Mar 2027Munich£3,400 + VAT
  • 22–26 Mar 2027Geneva£4,200 + VAT
  • 12–16 Apr 2027Amsterdam£3,400 + VAT
  • 26–30 Apr 2027Abu Dhabi£4,200 + VAT
  • 10–14 May 2027Istanbul£2,280 + VAT
  • 24–28 May 2027Cairo£2,280 + VAT
  • 7–11 Jun 2027Barcelona£3,080 + VAT
  • 21–25 Jun 2027Jeddah£4,200 + VAT
  • 5–9 Jul 2027London£3,360 + VAT
  • 19–23 Jul 2027Singapore£4,200 + VAT
  • 9–13 Aug 2027Munich£3,400 + VAT
  • 23–27 Aug 2027Muscat£3,080 + VAT
  • 13–17 Sep 2027Amsterdam£3,400 + VAT
  • 27 Sep – 1 Oct 2027Casablanca£2,280 + VAT
  • 11–15 Oct 2027Istanbul£2,280 + VAT
  • 25–29 Oct 2027Manama£3,080 + VAT
  • 1–5 Nov 2027Barcelona£3,080 + VAT
  • 15–19 Nov 2027Amman£3,400 + VAT
  • 6–10 Dec 2027London£3,360 + VAT
  • 20–24 Dec 2027Madrid£3,400 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

Can't make these dates? We can run this course for your team on dates that suit you. Ask for custom dates · In-house options

Online (live)

With a trainer, on dates to suit your team

This course can be taught live online by a trainer, in English, Arabic or any European language, for one person or a whole team.

£1,850 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

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Certificate in Financial Risk Management (CFRM)

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Course overview

Companies encounter financial risks during their operations and need methods for deciding which exposures require action. The programme follows that process through an Enterprise Risk Management (ERM) framework, beginning with risk definitions, appetite and the three lines of defence. Financial markets and products provide context for the analysis that follows.

Assessment uses both judgement and calculation. Delegates examine brainstorming and the Delphi technique, then use SWOT analysis, probability and impact assessments and heat maps to consider priorities. Quantitative work addresses credit and market exposures, including Expected Credit Loss (ECL), valuation and Value at Risk (VaR), alongside liquidity and operational risk.

Simulation supports decisions about uncertainty. Monte Carlo methods, sensitivity analysis and Expected Monetary Value (EMV) lead into response strategies and contingency planning, with decision trees and risk appetite guiding choices. The final day examines risk registers, maturity assessments and monitoring, including risk-based internal audit and emerging risks.

Course objectives

By the end of the course, delegates will be able to:

  1. Define risk terminology and the principles of ERM
  2. Conduct qualitative analysis to establish an overall risk level
  3. Use financial risk techniques to carry out quantitative analysis
  4. Develop responses and decision strategies based on risk priorities
  5. Assess organisational risk maturity, create a risk register and monitor the process

Target competencies

  • Identification of financial risks
  • Assessment of financial exposure
  • Evaluation of financial risk responses
  • Development of decision-making capabilities
  • Monitoring and reporting financial risk

Who should attend

This course suits:

  • Risk managers and risk owners
  • Internal auditors and governance professionals
  • Financial services regulators
  • Project, finance and functional managers
  • Senior managers and board members
  • Individuals interested in Enterprise Risk Management (ERM)

Training methodology

  • Brief presentations by the consultant and delegates introduce methods and support discussion.
  • Group exercises and simulations provide opportunities to apply the techniques.

Daily agenda

  1. Day 1

    ERM principles and financial context

    • Introducing the Governance, Risk and Compliance (GRC) framework
    • Understanding the three lines of defence
    • Defining risk and recognising its types
    • Stages of the ERM process
    • Defining risk appetite
    • Introducing financial products and markets
  2. Day 2

    Qualitative and quantitative assessment

    • Using brainstorming and the Delphi technique
    • Applying SWOT analysis
    • Assessing risk probability and impact
    • Representing risk through scores and heat maps
    • Assessing how urgently risks need attention
    • Introducing quantitative risk analysis
    • Understanding credit exposure
    • Conducting credit analysis
    • Using credit ratings
    • Managing credit portfolios
    • Estimating Expected Credit Loss (ECL)
    • Assessing market exposure
    • Classifying instruments and selecting valuation methods
    • Calculating Value at Risk (VaR)
    • Using stress tests
    • Examining liquidity exposure
    • Examining operational exposure
  3. Day 3

    Risk and investment assessment methods

    • Applying Monte Carlo simulation
    • Using scenarios and sensitivity analysis
    • Calculating Expected Monetary Value (EMV)
    • Assessing performance on a risk-adjusted basis
  4. Day 4

    Selecting responses and making decisions

    • Responses to secondary and residual risks
    • Calibrating Key Risk Indicators (KRIs)
    • Developing contingency strategies
    • Managing incidents
    • Analysing decisions with a decision tree
    • Making decisions consistent with risk appetite
  5. Day 5

    Monitoring and assessing risk maturity

    • Putting a risk register into use
    • Assessing the maturity of risk management
    • Applying a risk-based internal audit approach
    • Carrying out risk reviews
    • Identifying emerging risks and future developments

Certificate

Every delegate who completes the course receives an ARUK Training Certificate of Attendance.

Frequently asked questions

How do I register?

Choose a date and city in the schedule and press Register, or send us an enquiry. Our team confirms your place and sends an invoice.

Are fees shown with VAT?

Fees are shown per delegate and exclude VAT, which is added to the invoice where applicable.

Can this course be delivered for our team only?

Yes. Any ARUK course can be delivered in-house at your premises, in a meeting room we book for you, or 1-to-1.

Is this course available online?

Yes. We run it live online with a trainer, on dates that suit your team, for £1,850 + VAT per delegate.

Is there a group discount?

Yes. 20% for 2 delegates, 35% for 3 delegates and 50% for 5 or more delegates on the same course.

Can the course be delivered in Arabic or another language?

Yes. Our courses can be delivered in English, Arabic or any European language, by a trainer who teaches in that language. Mention your preferred language when you register or enquire.

What certificate will I receive?

An ARUK Training Certificate of Attendance.

Related courses

Register

Certificate in Financial Risk Management (CFRM)

Key booking terms (read before you register)
  • The full fee is paid in advance, before the course starts.
  • Cancel in writing 30 or more days before the start date (45 for in-house) for a refund. Later than that, the full fee is payable.
  • No refund for non-attendance or partial attendance.
  • Places are for the named delegate only; another person cannot attend instead.
  • Moving to another date or city is only possible if ARUK agrees in writing.
  • Travel, accommodation and visas are your responsibility. A refused visa does not change the cancellation terms.

booking terms and conditions

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Certificate in Financial Risk Management (CFRM)