The launching ceremony was held at the BIBF premises and addressed by the CBB and BIBF officials who highlighted the importance of this tailor-made programme aimed at equipping the bankers with necessary tools of risk management.
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.
Khalid Hamad, Executive Director of the Banking Supervision CBB said that initiative was the part of the CBB’s commitment to offer all technical support and expertise to the banking sector.
“The Risk Management programme is the latest in a series of initiatives aimed at improving the profile of the framework which governs the professional disciplines within the banking industry in Bahrain,” he added.
“The CBB is delighted to support this initiative. The invaluable contribution of all who provided their professional expertise is acknowledged, and it is greatly appreciated,” he said.
“This programme complements 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,” he said.
“BIBF is committed to serve Bahrain’s financial sector through enhancement of its pool of human resources,” Garry Muriwai, BIBF Director said.
“As part of the ongoing commitment, BIBF’s Fundamentals of 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.