Financial Risk Management

Catalog description

This course covers the core concepts of risk management, allowing risk professionals and non-specialists to interpret risk management information and reports, make critical assessments, and evaluate the implications and the limitations of such results. In addition, they must commit to further uphold the highest professional and ethical standards. This course is directed toward students interested in understanding how large-scale complex risk can be quantified using the latest "cutting edge" techniques and case studies that generate "new knowledge" regarding how complex risk management situations might be managed. We identify the business and technical issues, regulatory requirements and techniques to measure and report risk across a major organization and to generate new ideas about how failures in risk management are resulting in new and improved procedures. The knowledge obtained in this course provides a theoretically-based approach that is necessary to effectively implement a superior risk management program. Successful candidates will be able to: 1. Acquire and analyze the techniques required to understand and incorporate corporate governance, compliance and risk management. 2. Implement integrated risk management based on sound theoretical underpinnings and new knowledge created by analyzing actual risk management failures. 3. Measure, manage and hedge market, credit (retail and corporate) and operational risk, with an emphasis towards improving existing "best practices" based on new knowledge. 4. Appraise the roles of board members and senior management in managing risk, cultivating potentially new solutions to risk management problems.