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Anton Theunissen
This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
Read more
This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
Read more
This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.
What you'll learn
- Differentiate between financial risks and business risks.
- Identify and describe the various types of financial risk and their sources.
- Identity 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 US regulatory structure.
Register for this course and see more details by visiting:
OpenCourser.com/course/f77ywk/introduction
What's inside
Learning objectives
- Differentiate between financial risks and business risks.
- Identify and describe the various types of financial risk and their sources.
- Identity 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 us regulatory structure.
- Differentiate between financial risks and business risks.
- Identify and describe the various types of financial risk and their sources.
- Identity 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 us regulatory structure.
Syllabus
Module 1: Introduction
Lesson 1: The Standard Model
Lesson 2: Rationale for Risk Management
Lesson 3: Management vs Management
Read more
Syllabus
Module 1: Introduction
Lesson 1: The Standard Model
Lesson 2: Rationale for Risk Management
Lesson 3: Management vs Management
Read more
Module 2: Taxonomy of Risks
Lesson 1: Overview: Types of Risk
Lesson 2: Credit Risk
Lesson 3: Liquidity Risks
Lesson 4: Operational Risk
Module 3: Money and Capital Markets
Lesson 1: The Financial System
Lesson 2: US Regulatory Structures
Lesson 3: JPM Oversight
Lesson 4: UK vs EU Regulatory Structure
Module 4: Risk Concepts
Lesson 1: Introduction to Loss Distribution
Lesson 2: Components of Risk Model
Lesson 3: Profit and Loss
Lesson 4: Risk Measures
Lesson 5: Quantiles
Lesson 6: Value at Risk
Lesson 7: Expected Shortfall
Lesson 8: Historical Loss Distribution
Lesson 9: Parametric VaR- t Approximation
Lesson 10: Coherent Risk Measures
Lesson 11: Critique of VaR
Lesson 12: Stress Testing
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Teaches financial risk and risk management, which helps learners analyze financial markets
Provides a certificate from the New York Institute of Finance, which is a valuable credential in the finance industry
Led by an instructor who is an expert in risk management
Examines financial risk management, which is highly relevant to finance and investment professions
Requires no prior knowledge of risk management, making it accessible to beginners
Contains interactive materials and hands-on labs, enhancing the learning experience
Save this course
Save Introduction to Risk Management to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Introduction to Risk Management with these
activities:
Review previous math skills
Show steps
It will help you refresh your basic math skills, which are essential for understanding financial concepts and models.
Browse courses on
Mathematical Concepts
Show steps
-
Go over basic arithmetic operations (addition, subtraction, multiplication, and division).
-
Review algebra concepts like solving equations and inequalities.
-
Revisit calculus concepts like derivatives and integrals.
Review statistics
Show steps
Review concepts of descriptive and inferential statistics to strengthen your foundation for risk analysis.
Browse courses on
Descriptive Statistics
Show steps
-
Review concepts of central tendency and dispersion.
-
Practice calculating probability distributions.
-
Revisit regression analysis techniques.
Read "Risk Management in Financial Institutions"
Show steps
This book provides a comprehensive overview of risk management in financial institutions, covering various types of financial risks and their management techniques.
View
Risk Management and Financial Institutions...
on Amazon
Show steps
-
Read the book thoroughly, taking notes and highlighting important points.
-
Complete the practice problems and review the solutions.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Solving practice problems on risk management
Show steps
Practice solving problems related to risk management concepts and techniques to improve your understanding and problem-solving skills.
Browse courses on
Financial Risk Management
Show steps
-
Find practice questions and problems online or in textbooks.
-
Attempt to solve the problems on your own.
-
Review the solutions and identify areas where you need improvement.
Create a presentation on a specific financial risk
Show steps
Creating a presentation will help you develop a deep understanding of a specific financial risk and enhance your communication skills.
Browse courses on
Financial Risk Management
Show steps
-
Choose a specific financial risk to focus on.
-
Research the risk and gather relevant information.
-
Develop a presentation outline and prepare slides.
-
Practice your presentation and get feedback.
Attend industry events and conferences
Show steps
Attending industry events and conferences will allow you to connect with professionals in the field and learn about the latest trends and developments in risk management.
Browse courses on
Networking
Show steps
-
Research upcoming industry events and conferences.
-
Register for the events you are interested in.
-
Attend the events and actively participate in discussions.
Participate in risk management workshops
Show steps
Risk management workshops provide an opportunity to learn from experts and gain practical experience in applying risk management techniques.
Browse courses on
Financial Risk Management
Show steps
-
Research and identify relevant risk management workshops.
-
Register for the workshops you are interested in.
-
Attend the workshops and actively participate in activities.
Mentor junior students or colleagues in risk management
Show steps
Mentoring others will reinforce your understanding of risk management concepts and enhance your communication and leadership skills.
Browse courses on
Financial Risk Management
Show steps
-
Identify junior students or colleagues who could benefit from your guidance.
-
Offer your support and guidance on risk management topics.
-
Provide feedback and encouragement to help them develop their skills.
Seek out a mentor in the field of risk management
Show steps
Finding a mentor can provide you with valuable guidance, support, and insights into the field of risk management.
Browse courses on
Financial Risk Management
Show steps
-
Identify potential mentors through professional networks or industry events.
-
Reach out to them and express your interest in mentorship.
-
Build a mutually beneficial relationship with your mentor.
Review previous math skills
Show steps
It will help you refresh your basic math skills, which are essential for understanding financial concepts and models.
Browse courses on
Mathematical Concepts
Show steps
Show steps
Show steps
- Go over basic arithmetic operations (addition, subtraction, multiplication, and division).
- Review algebra concepts like solving equations and inequalities.
- Revisit calculus concepts like derivatives and integrals.
Review statistics
Show steps
Review concepts of descriptive and inferential statistics to strengthen your foundation for risk analysis.
Browse courses on
Descriptive Statistics
Show steps
Show steps
Show steps
- Review concepts of central tendency and dispersion.
- Practice calculating probability distributions.
- Revisit regression analysis techniques.
Read "Risk Management in Financial Institutions"
Show steps
This book provides a comprehensive overview of risk management in financial institutions, covering various types of financial risks and their management techniques.
View
Risk Management and Financial Institutions...
on Amazon
Show steps
Show steps
Show steps
- Read the book thoroughly, taking notes and highlighting important points.
- Complete the practice problems and review the solutions.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Solving practice problems on risk management
Show steps
Practice solving problems related to risk management concepts and techniques to improve your understanding and problem-solving skills.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Find practice questions and problems online or in textbooks.
- Attempt to solve the problems on your own.
- Review the solutions and identify areas where you need improvement.
Create a presentation on a specific financial risk
Show steps
Creating a presentation will help you develop a deep understanding of a specific financial risk and enhance your communication skills.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Choose a specific financial risk to focus on.
- Research the risk and gather relevant information.
- Develop a presentation outline and prepare slides.
- Practice your presentation and get feedback.
Attend industry events and conferences
Show steps
Attending industry events and conferences will allow you to connect with professionals in the field and learn about the latest trends and developments in risk management.
Browse courses on
Networking
Show steps
Show steps
Show steps
- Research upcoming industry events and conferences.
- Register for the events you are interested in.
- Attend the events and actively participate in discussions.
Participate in risk management workshops
Show steps
Risk management workshops provide an opportunity to learn from experts and gain practical experience in applying risk management techniques.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Research and identify relevant risk management workshops.
- Register for the workshops you are interested in.
- Attend the workshops and actively participate in activities.
Mentor junior students or colleagues in risk management
Show steps
Mentoring others will reinforce your understanding of risk management concepts and enhance your communication and leadership skills.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Identify junior students or colleagues who could benefit from your guidance.
- Offer your support and guidance on risk management topics.
- Provide feedback and encouragement to help them develop their skills.
Seek out a mentor in the field of risk management
Show steps
Finding a mentor can provide you with valuable guidance, support, and insights into the field of risk management.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Identify potential mentors through professional networks or industry events.
- Reach out to them and express your interest in mentorship.
- Build a mutually beneficial relationship with your mentor.
Career center
Learners who complete Introduction to Risk Management will develop knowledge and skills
that may be useful to these careers:
Quantitative Analyst
Quantitative Analyst
Quantitative Analysts build and implement mathematical models and trading strategies. To do this requires a comprehensive knowledge of financial risk, as well as the latest in modeling techniques. This course provides an excellent foundation in financial risk and modeling.
Chief Risk Officer
Chief Risk Officer
Chief Risk Officers are responsible for developing and implementing the risk management strategy for an organization. This role requires a deep understanding of financial risk, as well as other types of risk. This course will provide a solid foundation for a career in this field.
Enterprise Risk Manager
Enterprise Risk Manager
Enterprise Risk Managers are responsible for identifying, assessing, and managing risks across an organization. This role requires a comprehensive understanding of financial, operational, and other risks. This course will help build that foundation.
Financial Risk Analyst
Financial Risk Analyst
Financial Risk Analysts specifically assess the financial risks faced by organizations. They identify and manage these risks with the goal of preserving capital and protecting the organization from losses. This course provides the skills and knowledge to conduct such risk assessments and develop risk management strategies.
Risk Manager
Risk Manager
A Risk Manager establishes and implements plans, procedures, and policies to manage and reduce risk. This role requires a strong understanding of financial risk, which this course provides. The lessons on systemic risk and risk management will be particularly useful in this role.
Insurance Underwriter
Insurance Underwriter
Insurance Underwriters evaluate and assess risks to determine the appropriate amount of insurance coverage and premiums. This course will build a strong foundation in risk management as it relates to insurance, and it will help prepare for exams required for an underwriting certification.
Credit Analyst
Credit Analyst
Credit Analysts analyze the financial health of companies and individuals to determine their creditworthiness. Their primary goal is to evaluate the risk of default or bankruptcy. This course will help build the foundation for this role.
Actuary
Actuary
Actuaries use mathematical and statistical models to assess and manage financial risks. This course will help build a foundation in financial risk, provide a broad overview of the field, and help prepare for the required exams needed to become an actuary.
Financial Analyst
Financial Analyst
Financial Analysts make investment recommendations or provide financial advice, typically after conducting research and analysis. The ability to assess and manage financial risk is key in this role. This course teaches the fundamentals of financial risk management.
Investment Banker
Investment Banker
Investment Bankers advise companies on mergers, acquisitions, and other financial transactions. They also help companies raise capital. To be successful, Investment Bankers need a deep understanding of financial risk. This course provides a comprehensive overview of the subject.
Portfolio Manager
Portfolio Manager
Portfolio Managers are responsible for managing the investments of individuals and institutions. They must be able to assess and manage risk, as well as make sound investment decisions.
Compliance Officer
Compliance Officer
Compliance Officers ensure organizations adhere to laws, regulations, and internal policies. This involves evaluating the risk of non-compliance and implementing policies to manage those risks. This course may be helpful in providing a basic understanding of financial risk management.
Auditor
Auditor
Auditors examine and evaluate financial records to ensure accuracy and compliance with laws, regulations, and internal policies. They also assess the risk of fraud, misstatement, or non-compliance. This course may be helpful for understanding financial risk as it relates to auditing.
Operations Manager
Operations Manager
Operations Managers plan, organize, and direct the operations of an organization. They work with different departments and teams and must be able to assess and manage risk across the organization. This course may be helpful in understanding the role risk management plays in operational management.
Regulatory Affairs Specialist
Regulatory Affairs Specialist
Regulatory Affairs Specialists ensure that companies comply with regulations and laws. They advise management, identify compliance risks, and develop and implement compliance policies. This course may help build a foundation for this role.
For more career information including salaries, visit:
OpenCourser.com/course/f77ywk/introduction
Reading list
We've selected six books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Introduction to Risk Management.
Provides a comprehensive overview of risk management concepts and tools, making it a valuable supplementary reading for this course. It covers a wide range of topics, including financial risk, operational risk, and liquidity risk.
Provides a more in-depth treatment of financial risk management models and methods. It would be suitable for learners who have a strong foundation in mathematics and statistics.
Provides a conceptual framework for risk management, focusing on the decision-making process. It would be useful for learners who are interested in developing a deeper understanding of the principles of risk management.
Save
Provides a concise and insightful overview of risk management in the banking industry. It would be useful for learners who are interested in understanding the specific challenges and risks that banks face.
Comprehensive reference guide to risk management, covering a wide range of topics. It would be useful for learners who need a quick and easy way to find information on specific risk management topics.
Explores the concept of black swan events - highly improbable events that have a significant impact. It would be useful for learners who are interested in understanding the potential for unexpected and catastrophic events.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/f77ywk/introduction
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Effort
1 to 2 hours per week for 4 weeks
Level
Elementary
Via
edX
Institution
New York Institute of Finance
Instructor
Anton Theunissen
Language
English
Transcripts
English
Español
Français
Português
Deutsch
中文
العربية
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Türkçe
తెలుగు
Bahasa Indonesia
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This course belongs to a
collection
called
Risk Management. It's comprised of six courses:
Good to know
Teaches financial risk and risk management, which helps learners analyze financial markets
Provides a certificate from the New York Institute of Finance, which is a valuable credential in the finance industry
Led by an instructor who is an expert in risk management
Examines financial risk management, which is highly relevant to finance and investment professions
Requires no prior knowledge of risk management, making it accessible to beginners
Contains interactive materials and hands-on labs, enhancing the learning experience
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