4308095: Risk Management

Description

• Financial Risk Management: Identifying, Measuring, and Managing Financial Risks
• Risk Categories and Associated Models: Market, Credit, Operational and Liquidity Risks
• Rating Agencies and Credit Ratings

Lecture Goals

After completion of this lecture, students realize both the importance and the potential of financial risk management. They relate financial risk management to other areas in finance and within financial institutions..

Learning Outcomes

• Understand fundamentals of risk management
• Identify, measure and manage financial risks
• Select and apply appropriate risk management techniques

Lectures Method

Interactive lecture with exercises

Admission Requirements

It is recommended to have successfully completed the module Financial Economics and Markets before enrolling in the course Risk Management.

Literature

• Blunden, T., & Thirlwell, J. (2013). Mastering operational risk. A practical guide to understanding operational risk and how to manage it (2nd ed.). Harlow: Pearson.
• Caouette, J., Altman, E., Narayanan, P., & Nimmo, R. (2011). Managing credit risk (2nd ed.). Hoboken, NJ: John Wiley & Sons. [Chapter 6]
• Girling, P.X. (2013). Operational risk management: A complete guide to a successful operational risk framework. Hoboken, NJ: John Wiley & Sons.
• Hull, J. C. (2015). Risk management and financial institutions (4th ed.). Hoboken, NJ: Wiley.

Materials

Slides will be made available on moodle.