← Erudite Africa Center of ExcellenceBank and MFISchool of Banking FundamentalsIntermediate
Treasury and Forex Management
Manage a bank's liquidity, interest rate and FX positions in a floating-birr, policy-rate world
Build gap, duration and liquidity analysis, run the FX position within the NBE limit, price customer deals and forwards, and take decisions to a mock ALCO for one Ethiopian bank.
Start the course
0 of 5 modules completed
What you will be able to do
- Build and interpret gap, duration and liquidity coverage analysis for an Ethiopian bank
- Manage the FX position within the NBE limit and price customer FX deals and forwards
- Price and classify the investment portfolio within NBE investment limits
- Use funds transfer pricing for product pricing and branch profitability
- Recommend ALCO strategies for the balance sheet, investment portfolio and funding
- For
- Dealers, ALM analysts, and treasury and finance managers in Ethiopian banks, with basic finance maths and a grounding in banking regulation (Topic 1.a, Level 1, or equivalent).
- Study time
- About 6 hours online, in 5 modules (32 hours in the classroom version)
- Each module
- Short lessons, animated visuals, Ethiopian examples, decisions to make, NBE rules and worked calculations, then a quiz
- Assessment
- A 20-question final exam; pass mark 70%
- Certificate
- Erudite Africa Center of Excellence certificate of completion
- Access
- Module 1 free for registered users; the full course, exam and certificate for subscribers
The 5 modules
- Module 01Free previewThe ALM framework: repricing gap, earnings and economic valueMeasure how a change in the National Bank Rate flows through a bank's earnings and economic value, and read the result the way an ALCO must.6 lessons · 65 min · quiz
- Module 02Liquidity risk managementForecast cash flows, set behavioral assumptions, stress the balance sheet and prepare a contingency funding plan that works in Ethiopian markets.6 lessons · 65 min · quiz
- Module 03FX risk, dealing and forwardsRun the bank's foreign currency position within the NBE limit, price customer deals and forwards, and control the dealing room.6 lessons · 70 min · quiz
- Module 04Investment portfolio and funds transfer pricingPrice and classify the bank's securities within NBE limits, and use funds transfer pricing to price products and measure branch profitability.6 lessons · 65 min · quiz
- Module 05Market risk governance and the capstone ALCOSet and monitor treasury limits, report as an independent middle office, and write and defend Bank A's ALCO paper.6 lessons · 70 min · quiz
- Officer simulationA week as treasury dealer at Bank A, head office treasuryWork as treasury dealer and alm analyst: 11 real-life items, decisions with consequences and a hand-over note. Pass with 70% to qualify for the certificate.
- Final examFinal exam and certificate20 applied questions across all 5 modules. Pass with 70% to download your certificate.
Built on
- Erudite Africa course specification: Topic 1.g Treasury and Forex Management, Level 2 Intermediate (October 2026)
- Erudite Africa: Training Module, Ethiopian Context, programme overview and regulatory register (October 2026)
- National Bank of Ethiopia Proclamation No. 1359/2025 and NBE Monetary Policy Committee release No. 7 (13 July 2026)
- NBE directives as listed in the lessons: FXD/01/2024, FXD/04/2026, FXD/05/2026, SBB/92/2024, SBB/95/2025, SBB/96/2025, NBE/INT/13/2026
- NBE Risk Management Guidelines (May 2010)
Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.