Advanced Risk Management

Description

Introduction 

The recent global economic and financial crisis has again revealed the crucial importance of understanding the intricacies of risk analysis and risk management applied to finance. This is equally true for private sector corporate actors, public sector officials and professionals working in private financial institutions and public administrations such as ministries of finance and central banks.

This advanced course is designed to provide professionals with specific hands-on tools and modelling techniques for effective risk management and builds on the Fundamentals of Risk Management course.

Course Content

• Review of basic knowledge: statistics, essential matrix algebra operation and mathematics of finance
• Traded instruments and risk indicators
• Fundamental concerns of risk management and corresponding tools
• Tools and strategies for decreasing the risk

Learning Outcomes
At the end of the course, the participants should be able to:

• Apply the mathematical, statistical and financial tools required to approach financial risk management
• Compute the value of different types of fixed income securities, including calculations on yields and market prices
• Interpret different ratios and indices related to the stock exchange market, in particular for stock shares
• Apply risk management techniques into different situations, in particular value at risk (VAR)
• Calculate risk indices for a portfolio composed of different types of securities
• Design different methodologies for generating risk management scenarios, in particular for interest rate or exchange rate variations, using Monte Carlo simulation
• Evaluate methods applied by third parties on financial risk management