Title: Financial Risk Management

Title

Financial Risk Management

Package

Digitale SAP-Bibliothek

Platform

Your learning platform for SAP software

URL

https://et.training/dashboard/product/video/1128 

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Deleted

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Other

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First Author

Simon Sez IT

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Date First Online

2022-01-01

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Note

Financial Risk ManagementSubheading: Learn the fundamentals of financial risk management and the tools available for managing risks.This course covers the fundamentals of financial risk management, with a focus on practical implementation and application. It will focus on variety of risks that financial managers face and the tools available for managing them. Particularly, we shall focus on credit risk, interest rate, foreign exchange risk, and operational risk.Extreme market events are a key risk management concern, especially in the aftermath of the global financial crisis and the many unresolved issues it presented. We will be investigating some of the biggest financial shocks through case studies and solve these cases by applying the concepts acquired in this course.The course seeks to explain what risk and risk management means in a corporate setting, common methods for managing and measuring risk and developing a risk management strategy.Students attending this course are expected to have a basic knowledge of finance and accounting. This course is aimed at those who want to understand the essentials of risk management. Please note that this course does not serve as a preparation for the FRM exams.After finishing this course, students will be able to:Distinguish between risk, uncertainty, and randomnessDistinguish between risk management and risk measurementUnderstand the importance of risk governanceDescribe risk budgeting and understand its role in risk governanceRealize the importance of managing people, processes, technology, and organizational structure for effective risk managementRecognize the difference between idiosyncratic and systematic risksDefine, classify, and distinguish between financial risksIdentify and understand the principles of credit, foreign exchange, interest rate, and operational riskRecognize probability, standard deviation, Value-at-Risk (VaR), and scenario analysis/stress testing as risk measurement metricsDistinguish between risk prevention and avoidanceDefine and apply the concepts of self-insurance, risk shifting, and risk transferRealize insurance as a way to transfer risksRecognize outsourcing and derivatives as two ways of shifting risk.

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