New York Institute of Finance

Introduction to Risk Management

Available dates

Dec 2, 2019
New York, New York, United States
USD 889
USD 889 per day
Dec 2, 2019
Online
USD 889
Feb 10, 2020
Online
USD 889
+6 more options

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About the course

This course is an introductory survey of risk management concepts and techniques. The role of risk regulation in financial markets is reviewed.

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

CURRICULUM

Day 1

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

WHAT YOU'LL LEARN

  • Differentiate between financial risks and business risks
  • Identify and describe the various types of financial risk and their sources
  • Identify the real-world violations of the ‘standard model’ assumptions that make risk management value enhancing to the firm
  • Differentiate between risk measurement and risk management
  • Describe systemic risk as a negative externality
  • Describe the current US regulatory structure
  • Provide a high level description of the regulatory structures in major foreign jurisdictions
  • Describe, contrast and perform simple calculations of the various risk measures
  • Identify the desirable properties associated with coherent risk measures
  • Describe stress testing and reverse stress testing

Who should attend

  • Risk managers and assistants
  • trading assistants
  • finance professionals
  • auditors and controllers

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