Diploma in Finance and Risk Management

Diploma in Business Analytics,
Awarded by Scottish Qualifications Authority (SQA), UK

The Finance and Risk Management Diploma, developed in collaboration with the Scottish Qualifications Authority (SQA), UK, furnishes learners with a holistic grasp of financial management, control, and risk analysis. Learners will acquire proficiency in vital areas such as management reporting, financial analysis, budgeting, and forecasting, enriching their capacity to play a crucial role in informed decision-making.

The program underscores strategic functions in finance and accounting, concentrating on aspects that significantly influence organizational performance. Integrating financial and management accounting knowledge, learners align practices with broader business objectives. Notably, the program places a strong emphasis on risk management, encompassing assessment, mitigation, governance, and financial portfolio valuation. Equipped with the skills to make well-informed financial decisions and manage risks adeptly, learners are poised to contribute strategically to organizational success. This program is tailored for individuals aspiring to establish a comprehensive foundation in finance and risk management, suitable for a variety of roles in the ever-evolving business landscape. The Diploma spans three months, divided into two modules, both essential for completing the qualification.

Key Learnings:

Gain a thorough understanding of financial management, including the intricacies of management control, financial analysis, budgeting, and forecasting.

Develop expertise in areas where finance and accounting departments have a significant impact, including cash flow management, bottom-line control, capital allocation, and the design of effective growth and exit strategies.

Understand how to blend integration of financial and management accounting knowledge within performance standards and operational procedures, ensuring alignment with broader business objectives.

 Critically discuss governance, financial risk management strategies, and the valuation of financial portfolios.

Acquire a holistic approach to financial strategies, covering key aspects such as capital allocation, cash flow control, budget design, business model development, and forecasting.

Be equipped to manage risks effectively and contribute strategically to organizational success.

The module is designed to equip learners with the essential skills and knowledge required for effective financial management and strategic decision-making in contemporary business environments. Participants will delve into key areas such as management control, financial analysis, budgeting, and forecasting, gaining a comprehensive understanding of the activities where finance and accounting departments play a pivotal role.

Learning Outcomes:

  • Understand management control and analysis of financial information that includes management reporting, financial analysis, budgeting, and forecasting.
  • Understand the activities where finance and accounting departments have high responsibility, visibility, and the potential to significantly impact organizational performance.
  • The Learners will understand how to blend the relative knowledge associated with financial and management accounting within performance standards and operational procedures of modern-day business.
  • Understand how to control aspects of cash flows, bottom line, capital allocation strategies and processes, develop growth and exit strategies, design budgets, business models and forecasts, and strengthen working capital requirements.

This module is designed to provide learners with an in-depth understanding of the principles, methodologies, and critical aspects involved in managing financial risks within the dynamic landscape of modern businesses. Participants will engage in critical discussions and analyses, exploring the building blocks of risk management, assessing how firms handle financial risk, discussing the governance of risk management, and critically analyzing models for valuing financial portfolios.
Learning Outcomes:

  • Critically discuss the building blocks of risk management.
  • Critically assess how firms manage financial risk.
  • Critically discuss the Governance of Risk Management.
  • Critically analyze models for valuing financial portfolios.

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    Awarded By

    Scottish Qualifications Authority (SQA)

    Duration

    3 Months

    Total Credits

    40

    Modules

    2

    Level

    11

    Career Prospects

    Analyse financial data, trends, and risks to guide strategic decision-making.

    Financial Analyst

    Identify, assess, and manage financial risks to safeguard organizational stability. 

    Risk Manager

    Oversee financial operations, budgets, and reporting for effective organizational control. 

     

    Financial Controller

    Evaluate investment opportunities, providing insights for profitable portfolio.

    Investment Analyst

    Develop and manage budgets, ensuring financial efficiency and resource allocation. 

    Budget Analyst

    Manage cash flow, investments, and financial risks to optimize organizational liquidity. 

    Treasury Analyst

    Educational Partner

    About Scottish Qualifications Authority

    The Scottish Qualifications Authority – SQA, sponsored by the Scottish Government’s Learning Directorate, has two primary roles: accreditation and qualifications. It accredits credentials other than degrees and approves and guarantees quality to notify bodies that intend to admit individuals for such qualifications. The awarding body, on the other hand, refers to the development and implementation, validation, evaluation, qualifications, and ensuring that they are up to date and that certificates are issued to candidates. Under these functions, the SQA provides a variety of services for companies and training providers, from training courses and central approvals to personalized awards, credit scores, and licensing services.

    Why SQA?

    – SQA Qualifications are recognised worldwide.

    – Qualifications provide clear educational and employment progression pathways and are supported by the industry.

    – Provides vocational skills specific to occupations or sectors.

    – Each SQA qualification is benchmarked against qualifications on the Scottish Credit and Qualifications Framework (SCQF)

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    Why you should do this Program

    Practical Skill Development

    Through hands-on exercises and real-world scenarios, students develop practical skills in key areas such as management reporting, financial analysis, budgeting, and forecasting. The emphasis is on application rather than theoretical knowledge.

    Risk Management Emphasis

    Specialized modules on risk management cover various aspects, including assessment, mitigation, governance, and financial portfolio valuation. This focused training prepares individuals to navigate and manage risks effectively.

    Industry-Relevant Curriculum

    The curriculum is meticulously crafted to align with the current and future needs of the finance and risk management industry. It reflects the latest trends, technologies, and best practices in the field.

    Blended Learning Format

    The blended learning format combines the flexibility of online sessions with the practicality of on-site workshops. This approach caters to diverse learning styles and ensures a well-rounded educational experience.

    Syllabus

    For more detailed information about the course, please click on the links .
    What Will your Future Classmates Look Like?
    ACADAMIC BACKGROUND (%)
    GEOGRAPHICAL BACKGROUND (%)
    GENDER (%)

    International,Excellent and
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    The faculty at Westford works arduously towards creating an environment that translates into an excellent learning experience. Our educators, much like our students, belong to various ethnicities, amplifying the concept of a multi-cultural setting that Westford strives to offer to its pupils. The professors also serve as mentors, who guide students beyond the scope of their expertise, to assure that students continue to progress as they advance into their educational journeys.

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    From HND to BA (Hons) and now pursuing an MBA in Public Health Management at GAU University via Westford, my journey is deeply gratifying. Faculty’s constant support enhanced my skills. Zoom classes during COVID-19 brought valuable practical learning. The university’s flexibility and smooth operations impressed me.

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    My experience has been fantastic! The opportunity to observe faculty teaching in several of our modules, as well as the experience of sharing a class with students from other countries and witnessing the depth of their confidence and what has brought them to this moment and place. online classes were challenging. Even with my busy schedule, it gave me confidence. I never miss an opportunity to do my projects on time. Each module eagerly anticipates learning something new.

    Sijo Maliakkal Joseph

    Project Coordinator, Star Services LLC Executive MBA in Human Resource Management India

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