The fundamentals of financial risk management < Back to MOOC Home / ILB Mooc / ILB Mooc / The fundamentals of financial risk management 23 students Overview and enrollment Curriculum Instructors MOOC: The fundamentals of financial risk management This course, organized in six sessions, was carried out in 2017 by two professionals from the sector, Justin McCarthy and Oscar McCarthy. In this MOOC, the specialists share their expertise with us on financial risk management, history, current and future challenges. Good viewing to all ! I. Risk in Industry: An overview of risk and risk management, with a more detailed look at its place in the banking industry 6 Part 1: What is risk and how does risk management help firms manage financial risks? Test 1 2 questions Part 2: The relationship between risk and reward – why better rewards can mean more risk Test 2 2 questions Part 3: The unique place of risk in the financial services industry, especially for banks and similar firms Test 3 2 questions II. Market Risk: Risk and the markets - how market participants can gain and lose from the markets and how this can be managed 6 Part 1: What is market risk and how does affect financial market participants? Test 4 1 question Part 2: What is Value at Risk (VAR), recently highlighted flaws and how to address these? Test 5 2 questions Part 3: Interest Rate Risk, why are interest rates so low and what does this mean? Test 6 2 questions III. Credit Risk: How economies are grown through credit, the risks of excessive credit growth and how credit risk can be managed? 6 Part 1: What is credit risk – loans, those who make them and those who do and don’t repay them Test 7 2 questions Part 2: Sub-prime loans – how credit risk became systemic risk and helped cause a crisis Test 8 2 questions Part 3: Ratings agencies – how they help with credit risk for the largest firms and even countries Test 9 2 questions IV. Liquidity risk: How the recent crisis brought this risk into the mainstream of risk management 6 Part 1: Liquidity risk – the basics of this risk and recent changes in how it is measured and managed Test 10 2 questions Part 2: Market liquidity and funding liquidity – how these differ and how they can be managed Test 11 2 questions Part 3: The 2007 to 2008 crisis – what happens to markets when they seize up? Test 12 2 questions V. Operational Risk: The "least rewarded" risk; how risks related to the operations and day to day running of a firm can be identified and managed 6 Part 1: Operational risk and why it is the risk least rewarded by the risk versus reward balance Test 13 2 questions Part 2: How operational risk can be managed, including risk assessment and recording risk events Test 14 2 questions Part 3: Famous operational risk case studies – Nick Leeson & Barings and Jérôme Kerviel in Société Générale Test 15 2 questions VI. Strategic Risk: How risk management can be part of your strategic planning for any firm? 7 Part 1: Business models and strategic risk – taking risk management out of the silos Test 16 2 questions Part 2: Taking your SWOT and PESTEL outputs and looking at risk strategically Test 17 2 questions Part 3: The Business Model Canvas… looking at a firm strategically Test 18 2 questions Final Test 12 questions Instructors Justin McCarthy Chairman of The Board of Directors at the PRMIA Institute Oscar McCarthy Vice-Chairman PRMIA Institute Free Enroll
