Introduction to Risk Management
This course is an introductory survey of risk management concepts and techniques. The role of risk regulation in financial markets is reviewed.
CPE Credits: 7
This course is a component of the Risk Management Professional Certificate.
Prerequisite knowledge:
- Basic MS Excel skills
- Basic probability and statistics
- Basic knowledge of financial securities and markets
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Module 1: Introduction
- A definition of risk
- Sources of risk
- Why do firms manage risk?
- Risk measurement vs risk management - Case Study: Goldman Sachs Manages Subprime Risk, 2007
Module 2: Taxonomy of Risks
- Market risk
- Credit risk
- Operational Risk
- Liquidity risk - Case Study: Northern Rock’s Liquidity Risk, 2007
- Systemic risk
Module 3: Money and Capital Markets: Participants and Regulators
- Money and capital markets
- US Federal and State regulatory structure
- Foreign regulatory structures - United Kingdom & European Union
Module 4: Concepts in Risk Management
- Risk factors
- Risk measures - Value at risk (VaR), Expected shortfall (ES) or Conditional VaR (CVaR), Coherence of risk measures
- Scenario analysis and stress testing