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Certified Expert in Risk Management

Risk is inherent in the delivery of financial services. It is therefore important for financial institutions to implement a systematic risk management approach.

The objective of this course is to deepen your understanding of modern risk analysis including credit, market, liquidity and operational risk and to implement this understanding in your institution. The course teaches global concepts applied to the special conditions of developing and emerging markets.


  • We offer

    • An interactive e-learning course including video lectures, a PDF script for each unit, practical exercises and examples, ready to use excel tools, online tests and case studies.
    • A discussion forum for course related issues as well as for exchange of opinions and experiences with your classmates, tutors and the FSDF e-Campus Team.
    • Personalized support from your FSDF e-Campus team.
    • The option to obtain a Frankfurt School certificate after passing the final exam or a confirmation of course completion after completing the course.
    • A large network of final exam locations at partner institutions all over the world. Click here for a list of exam locations.


  • Target participants

    This course should be of interest to financial professionals in retail and small business banks, leasing firms, consumer credit companies and microfinance institutions.

    Managers and analysts at wholesale lenders and investment vehicles with exposure to the retail finance and microfinance sectors will also get excellent value from this Certificate.

    Many participants will currently be employed or interested in taking up a position as accountant, treasury manager, chief risk officer, risk analyst, credit manager, internal auditor or collections manager etc.

  • Course content*

    Unit 1: General Introduction into Risk Management

    Unit 2: Governance of Risk in Financial Institutions

    Unit 3: Risk Landscape and Taxonomy

    Unit 4: Risk-by-Risk: Identification – Measurement - Management

    Unit 4.1: Credit Risk Management
    Unit 4.2: Operational Risk Management
    Unit 4.3: Interest Rate Risk Management
    Unit 4.4: Foreign Exchange Rate Risk Management
    Unit 4.5: Liquidity Risk Management
    Unit 4.6: Risk Management Policy Framework

    Unit 5: Wrap up, Systems and Outlook

  • Tuition fees*

    Registration Date Fee
    Before Jan. 15, 2017 EUR 1,100
    After Jan. 15, 2017 EUR 1,300

    Final exam fee: 50 EUR (to be paid in cash to the institution hosting your final exam)

    10% discount for:

    • Groups: for 5 or more participants wokring at the same institutions
    • Alumni

    Payment options:

    • International bank transfer
    • Credit card
    • PayPal

    Please be aware that: 

    • All bank fees have to be covered by the participant
    • Payment in instalments is not possible
    • All travel related costs for taking the final exam have to be covered by the participants individually

*subject to change

CERM course is well calibrated and in-depth explained for the objectives is intended for. The hands-on approach of the exercises proposed and tools presented, importantly contribute to gain understanding of how to develop a proper risk management strategy which, though basically simple in terms of procedural steps, is particularly interrelated and intertwined in the decision-making, implementation and monitoring processes.
The broaden scope of the enterprise risk management which the financial risk is based on, make this course even suitable for non-financial contexts.
Pivotal were also the business-cases provided, the assignments imparted as well as the vast amount of reading materials which everyone can draw fully from.
Additionally, the fundamental training of Dr. Bald whose interaction and guide were crucially and distinctly accurate to catalyse constructively and support logically the learning path throughout the course.
And finally, a special thank you to the whole Team whose impeccable and continuous assistance was significant in terms of timing and precision.
CERM is a very much great e-learning discovery that I strongly recommend to all those interested in this topic

S. Ricci, London, UK, March 2016

CERM is a practical course with a lot to learn and apply immediately after completing each unit. I loved the course works because they depict the real situation in risk management. I am an auditor but I found this course very helpful as it expanded my knowledge and the way I was looking at some risks. I am of the view that this course is appropriate to all people in organizations especially financial institution but I realized that the ideas can also be applicable to non-financial institutions. Everybody needs this course.

Paul Ssenyonjo, Kampala, Uganda, September 2015

"The Frankfurt School of Finance and Management e-training courses I attended during the past one year (Risk Management and Microfinance) were well designed, easy to understand and I achieved a great deal of deep professional knowledge. My tutors were exceptional in their assistance, they answered all of my questions promptly and they graded my assignments quickly, giving me excellent feedback. I also have been impressed by the way the platform project team does everything to ensure that every participant is supported in technical and administration matters promptly. This is my first time taking courses online and I am very happy and satisfied. I highly recommend FS to any individual or organization interested in expanding their educational training needs. Thank you FS for the excellent experience."

C. Stabolas, Athens, Greece, September 2014

Your contact

Laura Stender

Laura Stender


Your contact

Junes Arfaoui

Junes Arfaoui

International Advisory Services

+49 69 154008624
+49 69 1540084624

Registration CERM

You can register for the CERM course taking place from March - August 2017

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Alumni Interview

Alumni Interview

Since 2013 Cedrick is studying at Frankfurt School of Finance & Management. In 2015 he will finish his Master of Finance. Cedrick is also working as a working student at the International Advisory Services department at Frankfurt School.

read on Alumni Interview

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