Certificates

Certificate in Risk Management(CertRM)

CertRMwill give you the practical knowledge and skills you need toaddress everyday problems in corporate financial risk management,with clear understanding of the essential theories, principles and tools.

Who is it for?Anyone who wants to gain anunderstanding of the wider issuesof managing financial risk on anenterprise-wide basis. And thosewho have responsibility for treasurymatters or financial risk managementas part of a wider overall role.

How is the coursestructured?You’ll complete the CertRM in fivestudy units:

Study unit 1 – Risk and its Management

This study unit introduces risk, itsfundamental importance to a companyand the types of risk that investorsexpect companies to take. A riskmanagement framework is introducedagainst a backdrop of corporate financeprinciples, providing an umbrellamethodology for the management ofrisk and highlighting where differenttreatment is needed according to thenature of a particular risk.

Study unit 2 – Financial Market Risk:Interest Rates

No company can escape interest raterisk and this study unit focuses on howinterest rate sensitivity and its impactvaries according to the type of companyand business environment. You’ll beshown appropriate responses to eachdifferent set of circumstances, introducingthe science of the yield curve and themany instruments available for managinginterest rate risk, explaining when eachmight be used.

Study unit 3 – Financial Market Risk:Foreign Exchange

This study unit explains the differenttypes of foreign exchange risk that canaffect a company and how each mightbe evaluated and responded to. Itrecognises that foreign exchange riskmay be fundamental to the companyand that an appropriate response needsto be drawn up for each type of risk inthe context of a company’s broaderbusiness and shareholder objectives.You’ll be introduced to the instrumentsavailable for managing risk, andtechniques for their use, giving youextensive choice on how to respondto foreign exchange risk.

Study unit 4 – Financial Risk: Liquidity

All companies have liquidity risk (therisk of the inability to make requiredpayments company wide as they falldue) and this risk arises from manydifferent sources. The principles formanaging liquidity risk are perhapsthe most difficult to generalise (ascompanies’ funding arrangements arevery individual) but this unit takes anapproach similar to that for other risks,and gives you a structured approachto the management of this particularlydifficult but crucial risk.

Study unit 5 – Other FinancialRisks and Issues

Finance professionals are interestedin the management of risk in thecounterparties with whom they deal,from customers and suppliers to banks.They’re also concerned with issuesarising from changes in commodityprices (and similarities to foreignexchange risk) and in the capacity

Course summary

StructureSix study units

Study time200 study hours

DurationSix months

AssessmentA three-hour writtenmultiple choice exam

CostsCourse fee + tuition and revisioncourses AED 7760*

*includes local taxes

Enrolment deadlines30 March for October examination30 September for April examination

By taking CertRM I feel thatmy approach and viewstowards my clients’ riskshave changed. I now havea deeper understandingof treasury risks ”

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Upon completion, you will be able touse the designatory letters CertRMand join the CertRM faculty. For more about faculty membership, visit www.treasurers.org/membership

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Certificates: CertRM

to meet pension payments in defined benefit pension schemesand other risks arising from pension schemes. In this studyunit you’ll also learn about the often-forgotten issue ofoperational risk and the internal controls required withintreasury departments. It also covers risk policy and reportingissues arising from the treasury department’s cash managementand risk management responsibilities.

Find the full syllabus at www.treasurers.org/rmsyllabus

How do you study?CertRM is a distance learning programme that combines selfstudywith optional face-to-face teaching. With your onlinestudy, you will have access to the course material for eachstudy unit, practice examples, past exam papers and a forumto contact the tutor and other students in the study group.

What are the course start dates?Six month course, starting in April with exam in October or starting in October with exam in April.

How long to complete the course?Each individual studying with the ACT must complete theircourse within a time limit. You will have two years (four examsittings) to complete. Your first booked exam is the start ofyour time limit even if you then later choose to defer that.

When are exams held?Exams are held twice a year in April and October. We have pre booked exam venues in London, Edinburgh, Dublin, Hong Kong, Singapore, Dubai, Zambia and Qatar. You have the option, once a student to find an alternative venue to one of the pre booked venues if you live outside of the UK mainland.Further details will be provided when you have enrolled.

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How are you assessed?You’ll be assessed by a three-hour written exam.

Holders of CertRM can go forward to enrol onto theAMCT Diploma using this Certificate as one of themodules needed for completion.

CertRM teaching and revisioncourses in association withPhoenix Financial TrainingACT and Phoenix Financial Training offer a uniqueintegrated learning package that combines distancelearning with face-to-face teaching. Complementingyour online learning with classroom teaching provides a more fulfilling learning experience by studying withlike minded peers, it also allows you to keep yourlearning active and boost your chance of exam success.

The integrated CertRM learningpackage includes:� CertRM course fee

� Tuition course – a combination of evenings andweekends totalling five days of contact time

� Revision course – two weekend days of intensivequestion practice

For teaching course dates visit study.treasurers/rmteaching

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