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I believe the rate of fraud in China is greater. You have an oppressed people who are suddenly given some autonomy over economic decision making. The burgeoning economy in China means more opportunities to commit fraud. - Tommy Seah
 

Upcoming Event

Fraud Investigation

CSI Train the Trainer Series


Credit Risk

CSI Black Belt in Credit Risk Management
Jan , Apr, Aug, Nov 2009*
Park Royal Hotel, Kuala Lumpur, Malaysia
 

Jan, Apr, Aug, Nov 2009*
Park Royal Hotel, Singapore
**

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CSI Blackbelt in SEATA: Internal Audit Masterclass

Jan, May, Sept, Nov 2009

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Speaking Opportunities

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Home arrow Financial Risk Management
Financial Risk Management PDF Print E-mail

Financial markets are a fascinating reflection of the people behind them. Usually interesting, occasionally irrational, markets take on a life of their own, moving farther and faster than models predict and sometimes concluding with events that are theoretically unlikely.

There is tremendous value in a qualitative, as well as a quantitative, approach to risk management. Risk management cannot be reduced to a simple checklist or mechanistic process. In risk management, the ability to question and contemplate different outcomes is a distinct advantage.

This course is intended for the business or finance professional to bridge a gap between an overview of financial risk management and the many technical, though excellent, resources that are often beyond the level required by a nonspecialist. Since the subject of financial risk management is both wide and deep, this training is necessarily selective. Financial risk is covered from the top down, to foster an understanding of the risks and the methods often used to manage those risks.

The participant will find additional sources of information in the CSI web site . Of course, no course can serve as an alternative to professionals who can provide up-to-the-minute guidance on the many legal, financial, and technical challenges associated with risk management.

My approach to risk is unavoidably influenced by my experience as an auditor. I had the good fortune to be in a good place at the right time and to learn from others who willingly shared their experience. I am most grateful to the many people who have offered me a helping hand, encouragement, or inspiration along the way, including my clients.

Course Outline

What Is Financial Risk Management?

After attending this session you will be able to
  • Describe the financial risk management process
  • Identify key factors that affect interest rates, exchange rates, and commodity prices
  • Appreciate the impact of history on financial markets

Identifying Major Financial Risks

After attending this session you will be able to
  • Evaluate the various financial risks that affect most organizations
  • Describe how key market risks arise, such as interest rate risk, foreign exchange risk, and commodity price risk
  • Consider the impact of related risks such as credit risk, operational risk, and systemic risk

Interest Rate Risk


After attending this sesssion you will be able to
  • Identify opportunities to reduce interest rate exposure
  • Evaluate ways to manage interest rate risk with forward rate agreements, futures, and swaps
  • Assess the use of interest rate options, including swaptions

Foreign Exchange Risk

After attending this session you will be able to
  • Assess ways to reduce foreign exchange exposure through rearranging business processes
  • Compare foreign exchange hedging strategies
  • Evaluate the risks associated with some specific derivatives products and strategies

Credit Risk

After attending this session you will be able to
  • Describe the major sources of credit and counterparty risk
  • Identify common methods for managing credit risk
  • Explain the basic types of credit derivatives

Operational Risk

After attending this session you will be able to
  • Understand the prevalence of operational risk
  • Identify situations in which operational risk is likely to be an issue
  • Evaluate opportunities to reduce operational risk



 

Upcoming Events

Fraud & Corruption

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Internal Controls Masterclass Singapore 

Procurement Fraud Hong Kong

Combating Fraud & Understanding Corruption
4th - 5th Nov 2009
InterContinential Hotel, Manila

Digital Forensics
For more information on Course Fees & Schedules, simply call or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Internal Controls Masterclass
1st- 2nd Oct 2009
Holiday Inn Park View,
Singapore

Procurement Fraud Workshop 2009
23rd Sept 2009
(to be announced),
Hong Kong

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