Financial Risk Modeling & Analytics

Catalog description

This course focuses on how to optimize business strategies, qualitatively and quantitatively with respect to financial risk. Financial risk can be thought of in two pieces: Operational Risk is cost-side risk and Sales Risk is revenue-side risk. The course is organized around the principle that risk analysis consists, in part, of data collection and the building of mathematical models to describe the risk of failures in human resources, processes and technology. Beginning with a foundation for financial risk modeling and a focus on the modeling process, the course discusses probabilistic tools for risk modeling and statistical methods to calibrate models of risk. The quantitative assessment of risk uses the tools of probability, statistics and actuarial science. | Prerequisite: FIN-UY 2203 . Co-requisite: ( FIN-UY 2003 and FIN-UY 2103 ) or MG-UY 3214 .