Certified Expert in CERGC
Course Overview
Corporate Governance is the system by which organizations are directed and controlled. It involves regulatory and market mechanisms, the relationships between an entity’s management, its board, its shareholders and other stakeholders, as well as the goals for which the entity is governed. Corporate Governance therefore is about strategy as well as Risk Management. Compliance is a core function within a broader definition of risk management and control. Governance, Risk and Compliance are very closely intertwined and are best presented in an integrated format in order to give business leaders the readily applicable tools to succeed.
In practice, we find that every governance level debate about strategy triggers a scenario analysis that brings out the connected risks and compliance issues. Every Risk Management Committee meeting in the end turns into a strategic discussion about what to do next, about how risk control and mitigation measures would interact with the organization’s strategic objectives.
Target Audience
This course is of interest for senior professionals and aspiring leaders in financial institutions as well as in many other sectors of commerce and industry.
The content is particularly relevant for managers and directors in retail and small business banks, leasing firms, consumer credit companies, microfinance institutions, but also for leadership teams in growing non-financial businesses and technology driven start-ups, both in emerging and developed markets.
As a current or future leader, you need to understand the evolving best practices in Governance, Risk and Compliance and turn them into a competitive advantage for your own business.
Workload
The course takes 6 months assuming 5-7 hours of self-study per week. It consists of 5 units which build upon each other. You will take the units in sequence and will need to pass an online multiple choice test before accessing the next unit.
The CERGC course includes 3 mandatory assignments, which have to be submitted on a specific date.
You are not sure if you manage to complete the course within 6 months? No worries! You can apply for a course extension (6 more months) against an administrative fee.
Registration
Registrations for the course beginning on 1 March 2023 are now open.
Awarding Boby
The certification is awarded by Frankfurt School of Finance and Management,Germany.
Learning 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.
