The International Certificate program is designed for operations, accounting, marketing, sales, trading, legal, compliance, IT and treasury staff as well as for those involved in risk management. It is also designed to help financial institutions create a culture of risk awareness throughout the entire organization.
The Certificate program consists of two modules:

Module 1: An Introduction to Risk and Regulation
Module 2: Banking Risks – Measurement, Supervision and Disclosure

Successful candidates will be required to pass a multiple-choice examination for each module.

Available: Now

The Energy Diploma program is designed for professional risk managers, schedulers, operational staff and for new entrants to the energy industry. It is designed to develop a candidate’s knowledge of the energy industry overall, including the relationship between physical commodities and sophisticated financial instruments. Candidates will also gain an understanding of the instruments through which financial risk can be managed, as well as the regulations that apply to the management and supervision of financial risk in the energy industry.

Click here to read more about GARP’s Certificate in Energy Risk Management.

Successful candidates will be required to pass a multiple-choice examination for each module.

Available: Foundation Course- March 2008
Module I & II- 3rd Quarter of 2008

The Global Association of Risk Professionals and the Banque du Liban recently announced the development of a new program, the Certificate in Risk Management for Islamic Financial Institutions.

The explosive growth and increasing sophistication in Islamic financial products has created the need for standards and guidelines for sound risk management practices for these products.

As the importance of Islamic Finance grows in the global market, the need for this comprehension has become essential. We expect the program to be available in 3Q 2008.

Islamic Finance

The holistic approach to life Islam imposes on individuals governs their approach to business and financial activities. The basic tenets of Sharia’a, the part of Islamic Law that covers practices and activities, dictate that investors cannot engage in transactions that are speculative, pay interest or involve contractual uncertainty. The globalization of the financial markets and increased wealth in Islamic regions have accelerated the trend of Islamic banking and specialized products that are Sharia’a-compliant.

What Qualifies The Banque du Liban and GARP in Islamic Financial Risk Management?

The Banque du Liban possesses unsurpassed expertise in Islamic finance and has built strong relationships with central banking communities throughout the world while expressing a strong interest in the formal development of standardized approaches to Islamic finance. The Banque du Liban recognized the need to develop risk management standards while promoting the growth of Islamic finance and its service to those around the world performing transactions with Islamic financial products.

The expertise in Islamic Finance from the Banque du Liban combined with GARP’s proficiency in creating globally accepted standards on risk management methodologies will result in a benchmark approach to assessing the risk around of Sharia’a- compliant financial products. GARP has gained global recognition as an elite creator of financial risk management certifications such as the FRM®, clearly demonstrating its ability to coordinate a proficient program.    

Development of this program is being overseen by an Advisory Committee consisting of leading Islamic finance and risk management experts and scholars from around the world.

Who will The Certificate in Risk Management for Islamic Financial Institutions primarily benefit?

The Certificate in Risk Management for Islamic Financial Institutions has been created to cater specifically to those who are committed to careers in Islamic Finance and risk management, and to CRO’s and CFO’s who need their staff to understand and incorporate these methodologies into their risk management strategies to keep pace with this growing addition to the global financial community.

The Certificate in Risk Management for Islamic Financial Institutions will be first offered in late 2008. For any further questions please contact Dr. Recep Bildik at Recep.Bildik@garp.com

Under the Country Specific Program the Risk Academy works with organizations in individual countries to develop tailored training programs by building on the International Certificate in Banking Risk and Regulation program. The first such program, the Indonesia Certificate in Banking Risk and Regulation, was developed in conjunction with Bank Indonesia and BSMR (Badan Sertifikasi Manajemen Risiko).

Indonesia Certificate in Banking Risk and Regulation

The Indonesia Certificate in Banking Risk and Regulation is designed to allow candidates to develop their knowledge and understanding of banking risk, the regulations that apply to risk management and supervision issued by Bank Indonesia, as well as the regulatory framework set out by the Basel Committee on Banking Supervision. The Indonesia Certificate, which consists of five levels, is also designed to develop a candidate’s understanding of other aspects of risk management, notably statistical analysis, treasury risk management and risk governance structures.

Candidates must pass an examination at each level consisting primarily of multiple-choice questions.

Candidates who have successfully completed the first three levels of the Indonesia Certificate will be eligible to convert to the International Certificate, if they pursue a career outside the Republic of Indonesia.