“Embedding effective risk management framework in microfinance”

Connecting the Luxembourg Financial Centre to the Microfinance Sector
September 26-27+30 + October 1-3, 2024
Virtual training 

The general objective of the 20^th edition of this training, previously called "Excellence in Risk Management in Microfinance – Connecting Luxembourg to leading Microfinance Institutions", is to enable the Managing Directors and Senior Managers of major microfinance institutions (MFIs) to understand the critical importance of risk management by managing its mechanisms to establish a true risk management culture in their institutions. 
 

This training will be organized online and in English with:

• a longer duration - 27 hours spread over 6 days; 
• new topics such as information security, cyber and data protection as well as environmental, social and governance risks;
• more practical sessions, exercises, case studies.

Through this training, you will be able to:

• benefit from the risk management expertise of experts in the Luxembourg Financial Centre;
• apply for a 1-3 year risk management coaching programme;
• benefit from feedback from other MFI representatives. 

Topics covered:

• Corporate governance as the foundation for strategy execution and risk management
• Transforming governance principles into an effective risk management function
• Focus on credit risk management 
• Using a coaching approach in the development of risk management
• Focus on information security, cyber risks and data protection
• Key Risk Indicators – Overview, Concept and Methodology
• Consideration of environmental, social and governance risks in MFIs
• Focus on liquidity risk management and the concrete implementation of tactics in MFIs
• Introduction to the Risk Management Graduation Model (RMGM) developed by the Microfinance Risk Management Initiative (RIM).

Practical sessions in:

• Credit Risk Management
• Management of operational incidents and database loss + Risk management related to significant projects/changes in the organization
• Definition and use of key risk indicators
• Implementation and development of a major risk map to enable the selection of appropriate risk management tactics.

Preparatory work will be required from the selected participants (see details in the programme)

Participation fees

This training is mainly funded by the Ministry of Finance of Luxembourg. A contribution to the costs of €225 is requested from the 15 selected participants.

The organising partners:

House of Training – ATTF (Agence de Transfert de Technologie Financière) - www.houseoftraining.lu – www.attf.lu

ADA - www.ada-microfinance.org

ALRiM (Luxembourg Association for Risk Management) - www.alrim.lu