Remove Communication Remove Compliance Remove Credit Risk
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The Role of a CFO in Financial Risk Management

CFO Share

A CFO can develop contingency plans, conduct regular audits, and ensure robust internal controls to mitigate these risk. Some operational risks include: Supply chain risk Compliance risk Fraud risk Inventory risk Market Risks Fluctuations in market conditions, such as interest rates and FX rates, can affect revenues and profitability.

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Navigating IFRS, Key Updates and Changes

CFO Talks

IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model. This is particularly important for sectors like banking, where managing credit risk is a key focus.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

Skills: They possess a range of technical and soft skills, including financial analysis, financial modeling, data management, budgeting, forecasting, communication, and problem-solving skills. Risk Management: Skills in identifying, assessing, and managing financial risks are important. Errors can have significant consequences.

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34 Competencies required to become a CFO(SA)

CFO Talks

Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. The Steward must ensure company compliance with financial reporting and control requirements. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Negotiation.

CFO 52
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Why Banks Need FinTech To Address Their Own Complicated Treasuries

PYMNTS

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

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nanopay: The Global Middleman For Payments

PYMNTS

Now, customers in those countries can use the platform to send money to each other and have all the complex cross-border and compliance components handled by nanopay. First, a middleman removes the credit risk. Second, it removes the currency risk. Third, it reduces the anti-money laundering (AML) risk.

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Effective Risk Management Strategies for Businesses

CFO Talks

This can be done using a risk matrix, which plots the severity of the impact against the likelihood of occurrence. The goal is to prioritize risks that have the highest potential impact on the organization. For example, currency fluctuations and credit risk may rank higher for South African businesses due to the economic environment.