Bahrain Institute of Banking and Finance (BIBF), in collaboration with the Central Bank of Bahrain (CBB), launched its Fundamentals of Risk Management Programme.

The course will offer the recommended minimum qualifications that are required for entry level professionals who are seeking to practise financial risk management in Bahrain.

It is the first locally customised programme in the kingdom recognised by the CBB as the recommended qualification to work in the risk management department in a bank or a financial institution.

The programme to be delivered over 10 training days includes detailed analysis of risk identification and measurement techniques, local and international regulations, corporate governance and ethics.

The participants are likely to benefit from applying the quantitative and qualitative techniques acquired in this programme to identify and measure risk in their work environment.

'The CBB is delighted to support this initiative,' said executive director of banking supervision Khalid Hamad at the launch of the course which will be offered early next year.

'The invaluable contribution of all who provided their professional expertise is acknowledged, and it is greatly appreciated.'

This programme compliments the CBB ethos of implementing best practice risk management principles and practices in the financial industry in Bahrain.

A robust risk management framework is fundamental to the health of the company. This programme will assist banks to achieve this critical goal.

'BIBF is committed to serve Bahrain's financial sector through enhancement of its pool of human resources,' said BIBF director Garry Muriwai.

'As part of the ongoing commitment, BIBF's risk management programme is aimed at further developing the skills of junior risk professionals and to strengthen Bahrain's position as a leading regional centre for risk management in financial services,' he added-TradeArabia News Service