Learn the Principles of Financial Risk Management

Learn the fundamentals of financial risk management and the tools available for managing risks.

Created by: Simon Sez IT
990,000+ Students, 290+ Courses, Learners in 180+ Countries

What Will I Learn?

• Understand Financial Risk Management (FRM)
• Distinguish between risk, uncertainty, and randomness
• Distinguish between risk management and risk measurement
• Understand the importance of risk governance
• Describe risk budgeting and understand its role in risk governance
• Realize the importance of managing people, processes, technology, and organizational structure for effective risk management
• Recognize the difference between idiosyncratic and systematic risks
• Define, classify, and distinguish between financial risks
• Identify and understand the principles of credit, foreign exchange, interest rate, and operational risk
• Distinguish between risk prevention and avoidance
• Define and apply the concepts of self-insurance, risk shifting, and risk transfer
• Realize insurance as a way to transfer risks
• Recognize outsourcing and derivatives as two ways of shifting risk

Requirements

• A basic knowledge of finance and accounting

Target audience

• Those who want to understand the essentials of risk management
• This course does NOT serve as a preparation for the FRM exams but is a helpful additional resource