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AEES

AEES Executive Certificate in Treasury, liquidity and FX risk

Decide a payment, a hedge and a cash gap. This AEES certification attests treasury, liquidity and FX risk.

  • AssessmentProfessional assessment
  • Attempts2
  • PreparationIncluded
  • France
  • Canada
Description

Treasury, liquidity and FX risk

A vague familiarity with “Treasury, liquidity and FX risk” is no longer enough. This belongs with Executive finance. You judge a financial call, a deal, a treasury or a more durable finance. People are hired to decide, not just to name the topic. This AEES certification is for professionals, managers and leaders who want to decide a payment, judge an FX hedge and steer a cash gap. No diploma is required. What is required is a working command of written French, and the will to show the subject on a real file, in a company, a public body or a partner organisation.

You are not joining a long degree. You take “Treasury, liquidity and FX risk” seriously enough to use it, and seriously enough for someone else to read it on a file. Everything happens online, around a job you already have. You prepare if you need to, then you sit a professional assessment. The AEES Executive Certificate, if it is issued, is proof in your name, and it can be checked. It holds in a CV, a move or a cooperation. It is a short specialisation, issued by a higher-education institution. You see at once what you are buying: a targeted title, not a course catalogue.

Afterwards you can carry “Treasury, liquidity and FX risk” into a team, a file or a new responsibility, and explain your choices to a manager, a funder or a partner institution. Others will see that you can decide a payment, judge an FX hedge and steer a cash gap, including outside your own organisation. If you succeed, AEES issues an AEES Executive Certificate in your name, with a unique serial number that can be checked in the public register. The award stays in your workspace. It shows a professional judgement you have demonstrated, useful for a CV, a new post or work in common.

Skills

What this certificate attests

The capabilities the assessment attests if you pass.

  • Decide a payment
  • Judge an FX hedge
  • Steer a cash gap
  • See the exposure
  • Spot a payment
  • Hold the relationship without depending on a single signature
ESCO classification — European Skills, Competences, Qualifications and Occupations

ESCO, the European skills vocabulary

This is the European Commission’s classification of skills, competences, qualifications and occupations. This certificate is linked to it through the skills below. Each link opens the official record.

Preparation included

To prepare for the assessment

After purchase, a preparatory course is available: 6 written modules, without an instructor, at your own pace. You are not required to follow it before opening the assessment. Each module sets out the notions, a commented case, the points to keep and a FAQ. It covers Cash, Payment, Liquidity and FX.

When you are ready, you enter the assessment: a file already open, incomplete facts, conflicting views. You move through successive decisions. This is not a full taught programme with pedagogical supervision.

Structured written course

Notions, objectives and concrete examples, organised progressively.

Applied case

A commented professional situation to anchor the theory.

FAQ and preparation

Frequent doubts, then questions to go further on your own.

  1. AEES Executive Certificate in Treasury, Liquidity and FX Risk, Module 1: Cash Cash is the constraint you can measure today. Liquidity, funding and FX matter, but your first job is to know what leaves this week and whether you have the cash to cover it. This module focuses on the short window that decides your options: intraday, today, and the next few business days. You will align what the bank will settle, what your ERP shows, and what counterparties are likely to do. You will distinguish between booking dates and value dates, understand cut-off times in the main payment rails, and structure a one-week cash view that is good enough to make decisions before noon.
  2. Payment: approve a flow, or block it A payment is a decision point. Either you allow value to leave your organization, or you prevent it. The difference between a clean release and a costly error is the quality of the checks you apply in a short time window. In practice this means verifying purpose, counterparties, funding, FX cover, data quality, cut-offs, and sanctions screening, then documenting the outcome. Modern payments run through structured messages and time-bound rails. Formats like ISO 20022 and networks like SWIFT route data across banks and clearing systems. That data enables straight-through processing, but it also exposes you: a single wrong field can misroute funds or trigger compliance alerts. Your role is to apply the organization’s payment policy consistently, using a maker-checker process and a risk-based approval matrix.
  3. Module 3: Liquidity Liquidity is the ability to meet obligations in full and on time, in any market condition. It is not a static cash balance. It is a moving capability supported by forecast accuracy, funding access, operational timing, and decision speed. In this module, you will turn these elements into a repeatable practice you can run every week. Corporate liquidity risk is different from market and credit risk. It rarely appears in a single headline number. It hides in settlement cutoffs, invoicing delays, tax calendars, supplier terms, and uneven order patterns. You will learn how to see those drivers early and convert them into a plan that is credible to management and banks.
  4. Module 4 of 6: FX. See the exposure, then decide to hedge or to own it Foreign exchange risk is not only a market topic. For a corporate treasurer or finance leader, it is operational, commercial, and relational. Currency moves impact margins, cash, covenants, and even pricing strategy. This module focuses on what you can actually do next Monday. You will learn to map exposures, quantify them, and choose a hedging or owning posture that fits both the business and your constraints. You will work with the minimum necessary theory to be decisive. We start by making the exposure visible. Then we turn that map into numbers you can stress and monitor. Only then do we discuss instruments and execution. You will see how market structure and liquidity shape your choices and how governance and accounting interact with the economics of risk management.
  5. AEES Executive Certificate in Treasury, Liquidity and FX Risk, Module 5: Fraud Fraud rarely announces itself. In treasury, it often looks like a normal payment with one detail out of place: a new account number for a known supplier, an urgent instruction outside approval hours, a split of a familiar amount across several transfers, or an email from a senior colleague that reads almost right. Your job is not to run an investigation. Your job is to spot the anomaly fast, make a clear decision, and protect liquidity. This module centers on a practical competence: spot a payment that does not look like the others. You will learn the patterns behind business email compromise, vendor and payroll redirection, internal manipulation, and account takeover. You will connect those patterns to concrete red flags in your payment data and workflow. Then you will practice an escalation path that stops the money from leaving, or gets it back quickly if it has already gone.
  6. Bank relationship management for treasury, liquidity and FX risk Banks are essential partners. They hold your liquidity, move your payments, price your FX, and underwrite your credit and trade instruments. Yet the relationship is not a given. It is a managed system that must survive personnel turnover, account changes, regulatory updates, and market stress. In this module you learn to design that system so it remains effective without relying on any one banker, any one signer, or any one channel. You will translate governance into practice. That means a clear mandate matrix, dual authorisation in both paper and electronic banking, periodic access reviews, documented dealing protocols, and a scorecard that links business allocation to service and risk. You will also see how bank regulation, from liquidity ratios to operational resilience expectations, shapes pricing and availability. Understanding this helps you negotiate realistically and allocate your wallet with intent.