The program focuses on training financial sector employees in risk management methodology, governance structure for management of risks in banks, and providing an overview of globally accepted standards and concepts in these areas to help them identify and mitigate financial risks.
The program is organized in partnership with the Global Association of Risk Professionals (GARP), a globally recognized leader in financial risk testing and certification programs, and educational and training activities.
“This is the first risk management program in Georgia developed in partnership with the Global Association of Risk Professionals , a globally recognized membership association for risk managers,” said Thomas Lubeck, IFC Regional Head for the Caucasus.
“We welcome our local partner in Georgia and hope that our cooperation will strengthen the capacity of local banks and financial institutions in order to reduce their vulnerability to future financial downturns.”
The program will start by training the local partners. Equipped with relevant skills and knowledge, the local partners will then be able to train staff of local banks and financial institutions during the second phase of the program