Treasury, risk & working capital
Cash management, FX and interest rate hedging, enterprise risk frameworks, and working capital optimization.
Cash is the one thing that keeps your company alive when the market turns hostile, and this block hands you command over every lever that moves it. You will run treasury like the nerve center it should be, managing cash in a volatile world, building a hedging playbook against FX, interest rate and commodity swings, and structuring banking relationships and liquidity reserves so you are never caught short.
Then we get serious about protection. You will build an enterprise risk management framework that actually holds under pressure, master internal controls and SOX where your personal accountability is on the line, and design fraud prevention systems that make financial integrity a fact rather than a slogan. This is the part of the CFO role where reputations are made or destroyed, and we treat it that way.
Finally, you will turn working capital into a weapon. Most finance leaders leave cash trapped inside their own operations. You will not. You will master the cash conversion cycle down to DSO, DPO and DIO in practice, optimize supply chain finance and reverse factoring, and unlock the hidden reserve sitting on your own balance sheet.
This block is built for the CFO who refuses to be a passenger. Treasury, risk and working capital are not back office chores. They are the discipline that funds growth, absorbs shocks and buys you options when competitors have none. Work through these modules and you will walk into the boardroom knowing exactly where every dollar is, what threatens it, and how to make it work harder. That is the difference between a scorekeeper and a strategist.
What you'll master
- Manage corporate cash and liquidity through volatility without ever running dry
- Build a hedging playbook that neutralizes FX, interest rate and commodity risk
- Design an enterprise risk management framework that survives real pressure
- Own internal controls and SOX compliance where your personal accountability sits
- Deploy fraud prevention systems that make financial integrity non negotiable
- Optimize the cash conversion cycle across DSO, DPO and DIO to free trapped cash
- Turn working capital and supply chain finance into a strategic source of funding
Modules
Covers cash forecasting, hedging financial risks, and managing banking relationships and liquidity buffers.
Covers building an ERM framework, internal controls, SOX compliance, and fraud prevention.
Covers measuring and optimizing the cash conversion cycle and using working capital as a cash source.
Covers how to forecast cash, manage debt facilities and covenants, maintain bank relationships, and shape the credit story rating agencies assess.
Covers how to manage FX, interest-rate, commodity, and counterparty exposures using hedging instruments, with the accounting basics behind them.
Frequently asked questions
What does the Treasury, risk & working capital block cover?
It covers five modules and 15 lessons on corporate cash management, financial risk hedging, enterprise risk frameworks and internal controls, funding and banking relationships, and working capital optimization. The modules are Treasury & cash management, Risk management & internal controls, Working capital & cash conversion, Funding, liquidity & banking, and Financial risk & hedging. It sits inside the CFO Track.
Who is this block for if I'm not a CFO?
It works for anyone accountable for cash: treasurers, finance directors, controllers, FP&A leads, and founders who sign off on liquidity decisions. The material is written from the CFO seat, including the parts where personal accountability on internal controls and SOX applies, so you see the decisions rather than just the mechanics.
Where should I start if my problem is cash running short?
Start with Treasury & cash management, then Working capital & cash conversion. The first gives you cash forecasting, liquidity reserves and banking relationships; the second shows how to free cash already trapped in your operations through the cash conversion cycle. Together they address the two sides of a shortage: what comes in and what your own processes hold back.
What's the difference between the treasury module and the financial risk & hedging module?
Treasury & cash management deals with keeping the company liquid: cash forecasting, liquidity buffers, banking relationships, plus an introduction to the CFO's hedging playbook. Financial risk & hedging goes deeper into the instruments themselves, covering FX and interest-rate exposures, hedge accounting basics, and commodity and counterparty risk.
Does the block cover DSO, DPO and DIO concretely or just conceptually?
Concretely. The lesson "The cash conversion cycle: DSO, DPO, DIO in practice" walks through measuring and improving each component, and two adjacent lessons cover supply chain finance and reverse factoring, and treating working capital as a funding source rather than an accounting residue.
Is internal controls and SOX handled as compliance paperwork or as a CFO decision?
As a CFO decision. The module Risk management & internal controls builds an enterprise risk management framework first, then treats internal controls and SOX through the lens of where the CFO's personal accountability actually sits, and closes on fraud prevention systems.