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Training Course Summary:

You will cover the types of financial risk and spend time reinforcing the options available to the company to mitigate that particular risk, especially in instances such as: money laundering (where mitigation is a legal requirement) and import/export transactions (where the responsibilities are laid down in industry standards).

Who Should Attend:

All staff members involved in the identification, analysis and management of financial risk: accounting and finance staff; business development professionals and risk mitigation staff.

Training Course Overview/Content:

• Overview of risk management highlighting the various types of financial risk that a company or bank might face
• Financial crime risk
– Money laundering and terrorist financing (as defined in the Proceeds of Crime Act 2002)
– Fraud – internal and external
– Identity theft
– “Phishing”
• Credit risk
– Creation and analysis of balance sheets
– Creation and analysis of profit and loss accounts
– Creation and analysis of budgets and cash-flow forecasts
– Business cases and business plans
• Exchange risk
– The risk in currency conversion for exports and imports
• Interest rate risk and all changes to costs and income (including exchange
risk from above) which are beyond the company’s direct control
• Market and industry risks including:
– Counter-party risk – the risk of not being paid for sales or of not receiving the right goods for purchases
– Industry risk – changes in fashion and technology; seasonality; natural and man-made disaster
– Reputational risk – issues affecting the value of a company’s brand
– Country risk – a country’s willingness or ability to pays its bills
• Operational risk
– The assessment of risk in undertaking all change which is internal to the company
– This will also briefly include the risks involved in managing and delivering projects