Diploma in Treasury Management - Risk management for treasury

In this unit the learner started by examining risk management policy and the importance of developing and applying a risk management framework.

A number of important associated elements are also explored, including the nature of risks that might arise in treasury and the risk appetite of the organisation. Risk policy plays a crucial role and this is examined in detail including how such policies are developed and applied within organisations.

The unit then focuses on the first two stages of a typical risk management process – risk identification and assessment.

Next the unit considered different techniques for managing risks, that have already been identified, assessed and evaluated. There is focus on a wide range of techniques and different areas of risk, including dealing with uncertainty. The importance of resilience and business continuity planning are also explored.

The unit concludes by exploring the importance of reporting and governance within risk management. This includes both internal and external risk reporting, including the importance of meeting the requirements of relevant international standards.