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Frankfurt School in partnership with the Pakistan Microfinance Network (PNM) offers a blended version of its very successful FSDF e-Campus online course Certified Expert in Risk Management.

Frankfurt School's Certified Expert in Risk Management is a comprehensive qualification for financial sector professionals with a special emphasis on the particular requirements of emerging and developing markets. It gives you the tools to measure risks and devise appropriate risk-taking and mitigation strategies that give your institution the competitive edge in delivering inclusive financial services in a rapidly evolving environment.

Blended Risk Management Certification Training in Pakistan

Blended Learning

Do you want to attend a high class international training in Risk Management but don't have the time to travel abroad? This is your chance!

Frankfurt School of Finance & Management and the Pakistan Microfinance Network are jointly offering a blended learning training on Risk Management.

Blended learning is a combination of online learning and classroom training. The online component gives you the flexibility to learn whenever, whereever it suits you best, while the classroom training offers you the possibility to interact with trainers and peer participants.

In this blended Risk Management training, participants join Frankfurt School's well-established e-learning course Certified Expert in Risk Management, while additionally attending a and webinar series and a three day face-to-face training taking place in Islamabad, Pakistan.

Course Objectives

In financial services, future outcomes are never certain. Everything is risky and everyone finds it fashionable to add "risk" to every management buzzword in the book. It can make your head spin. This course is about giving you the vocabulary and the tools to cut through the fluff.

Early on in the course you will learn to identify and structure the various dimensions of risk facing a financial institution using an emerging consensus terminology that is shared between practitioners, regulators and professional risk analysts. Once we have put some order into the risk anecdotes, we will begin to measure exposures and quantify potential losses that could arise, if a risk event materialized. This is where some of the statistics and financial modelling skills come in. But don't worry, if you know a bit of Excel, you will be just fine. Every model, every calculation comes with easy-to-follow, step-by-step guidance and examples.

Only if we can measure the exposure to risk by estimating the size of a potential loss and the frequency or likelihood that it might occur, we can begin to consider what should be done about it, i.e. how to manage it.

That sums up the objective of the course. Once you are certified, you will be able to identify risks in your institution, describe them using commonly accepted terminology, quantify the severity and likelihood of losses and devise proper strategies to manage each type of exposure. In parallel, you will also have learned how to organize the processes around risk management and how to communicate with regulators and your own board about the risks and opportunities facing your institution.

Target Audience

This course should be of interest to Pakistan based 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.

Dates, Duration & Fees

Duration: 9 months | 1st December  2017 - 31st August 2018

Required study time: ~ 150 hours (3-5 hours per week)

Webinar dates: to be announced

3-day classroom training: May 2018

Final exam: Mid September 2018

Registration deadline: 1st December 2017

Minimum number of participants: 16*

Tuition fee: EUR 1,800

Final exam fee: 50 EUR (to be paid directly to the final exam host).

Payment options

  • Bank Transfer (bank fees to be coverend by the participants)
  • Credit Card
  • PayPal

Payment in instalments is unfortunately not possible.

Any travel related costs as well as accomodation have to be covered by the participants individually.


*If less than 16 participants register, enrolled participants can chose to take the pure online course for a reduced fee of EUR 1,100 (instead of the general fee of EUR 1,300)

Certification

You will be certified by Frankfurt School upon completion of the course and passing the final examination.

Networking

The online component of the Certified Expert in Risk Management is open to the international audience with 80 - 100 financial professionals joining from all over the world. 

While the online course forum allows you interacting with participants from all over the world, the class-room training component gives you the opportunity to network in person with peer participants based in Pakistan.

Course Structure

The blended Certified Expert in Risk Management training consists of three parts: e-learning, webinar series, and classroom training

1. Online Course

You will start the programme attending and following Frankfurt School's Certified Expert in Risk Management online course.

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 (2 assignments)

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 (1 assignment)

Unit 4.6: Risk Management Policy Framework

Unit 5: Wrap up, Systems and Outlook

Training Material

  • Video lectures

  • PDF Scripts

  • Excel Tools

  • Assignments/Case studies

  • Further Readings

  • Online Tests

  • Discussion Forum

2. Webinar Series

The programme upgrades the Certified Expert in Risk Management with a webinar series, where you will not only gain further insights into the topic but also have the chance to ask questions to your trainers.

During the course four webinars of one hour each will be offered. Attending the sessions is voluntary but highly recommended.

Webinar Session Structure

Session 1: Introductory webinar

Session 2: Q&A on course content

Session 3: International trends and global best practices

Session 4: Exam preparation webinar

3. Classroom Training

A 3-day classroom training during the programme will be enhancing the Certified Expert in Risk Management online course.

Attending the classroom training and participating in the case studies is mandatory.

The on-site training will also discuss the application of best-practice methodologies within the specific regulatory and economic context of inclusive financial services in Pakistan.

Classroom Training Structure

Day 1 Day 2 Day 3
  • Introductory Remarks
  • Keynote Presentation: Risk Management in Pakistan
  • Q&A on CERM online course content
  • Case Study 1. Portfolio Analytics
  • Case Study 2: Statistical Credit Scoring
  • Case Study 3: Asset Liability Maangement
  • Regulatory and Economic context of inclusive financial services in Pakistan
  • Best Practices in Operational Risk Management
  • Q&A

Course Trainers

Senior Trainer: Dr. Joachim Bald

Dr. Joachim Bald is Frankfurt School’s most senior international advisor and a recognized expert in Treasury and Risk Management for banking and microfinance.  He serves as Practice Leader at the Frankfurt School Competence Center in Risk Management and regularly manages complex implementation assignments in Eastern Europe, Asia and Africa. Joachim is also on the Board of Directors at Bai Tushum Bank, Kyrgyzstan, and KMF, Kazakhstan.

Dr. Bald maintains a large portfolio of risk management and strategy advisory mandates including recent and ongoing interventions at: Cairo Amman Bank and Etihad Bank – Jordan, RawBank – DR Congo, PRASAC and HKL - Cambodia, Al Amana - Morocco, ENDA - Tunisia, and many more. As a trained econometrician and software developer, Joachim has a knack for financial modeling and crunching large amounts of data. The scoring and rating models he builds actually work!

Mehr Weniger

Joachim started his career in 1990 in the international banking division of Commerzbank AG, Frankfurt.  In 1995 he accepted an international faculty appointment at Oregon State University in Corvallis.  From 1999 to 2004, he was with Deutsche Börse Systems, the IT subsidiary of the German stock exchange and international derivatives markets operator.  From 2001 to 2004, Joachim served as Vice President and managing director of the US subsidiary in Chicago, where he was responsible for operating the electronic futures and options trading platform for the Chicago Board of Trade.  Since August 2004, Joachim works full time as an independent consultant from his home office in Oregon.

Joachim’s publications include a dissertation and articles on the Russian economic transformation process, Treasury and Liquidity and Cash Management manuals developed for Frankfurt School and Women’s World Banking as well as a study on core deposit supply behavior in low-income banking for CGAP.  Dr. Bald designed and runs the Certified Expert in Risk Management on-line learning program at the Frankfurt School of Finance & Management.  He also teaches the Risk Management for Managers content in the Online Master of Leadership in Development Finance.  Joachim holds a Ph.D. in Economics from Ruhr-University Bochum and a Master’s Degree in Finance from Dortmund University.  Joachim is also a US Certified Management Accountant.  He is fluent in English, German, French and Russian.

Associate Trainer: Karar Hussein


Karar Hussein will provide the classroom training in close coordination with Dr. Joachim Bald.

Karar has focused on risk management in microfinance in past five years, before which he specialized in financial management and business planning of the Banks. He served as Chief Financial Officer and as Chief Risk Officer and is therefore particularly adept at designing strategies at senior management level as well as training managers and staff to implement those strategies & policies. He has not only hired and trained the teams in accounting, finance, administration and credit, market & operational risk management but also built the local capacity to provide competent successors to the organization he worked for. Karar’s training skills were enhanced by his experience as visiting faculty member for MBA class at CIIT.

He is currently advising CreditAccess Asia N.V., for risk management and business planning tools, a group of institutions that employs some 6,900 people, serving more than 1.6 million microfinance clients in India, Indonesia and the Philippines.

Mehr Weniger

Karar is also pursuing PhD in development economics from University of Debrecen after qualifying CPA and achieving two gold medals in his MBA.

Registration

Pakistan Microfinance Network

The Pakistan Microfinance Network (PMN) is Pakistan's national association for retail players in the microfinance industry. The PMN’s membership strength today stands at 44 retail microfinance providers (MFPs) that collectively account for over 99% of the total microfinance outreach in Pakistan. PMN members form a diverse group of service providers and include microfinance banks, non-bank microfinance companies, and rural support programs. The PMN’s vision is to expand the frontier of formal financial services to all and it pursues a mission of supporting the sector, retail financial service providers, to enhance their scale, quality, diversity and sustainability to achieve the goals of financial inclusion agenda.

One of the primary objectives of PMN is to serve as the knowledge and information hub for Microfinance, and now increasingly for inclusive finance, through collection and analysis of social & financial data from MFPs and disseminating the same. It has also established its credibility as a market facilitator through its robust enabling environment function due to which policy makers & regulators, investors and donors alike became more receptive to its views.

Capacity Building of the microfinance sector is one of the core areas of work for PMN. This function has evolved from a basic in-house and peer learning model to an out-sourced one, using both local and international training programs.

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