This course covers the fundamentals of risk management using theory and practice in line with the most recent regulations and up-to-date industry best practices.

The objective is to gain a broad understanding of both financial and non-financial risks, as well as the regulatory environment in which financial institutions operate.

Learning Outcomes

After studying this course, students should be able to:

•      Understand the approach to risk management through risk identification, measurement, control, and management.

•      Demonstrate knowledge of the range of risks faced by financial institutions. In particular, market risk, credit risk, operational risk, liquidity risk, interest rate risk associated with the banking book, and other relevant risks.

•      Learn how international regulation, particularly the Basel Accords, affects the management of these risks.

Teaching Philosophy and Approach

This course has been carefully designed to provide a clear and concise explanation of complex concepts. Its primary objective is to introduce the fundamental principles of risk management and prepare you to support risk management projects and initiatives. The curriculum includes a blend of theory, real-life anecdotes, project works, guest lectures, and exercises, ensuring relevance and context for what could otherwise be an abstract financial topic.

Our goal is to provide practical, real-world insights within the academic environment. We aim to improve your learning experience by focusing on applications and implementations that highlight what truly matters, rather than requiring you to memorize many technical details that are likely to be forgotten soon after the exam.

Prerequisites

This is not an advanced risk management course. It is designed for students without prior specialist knowledge and requires only a basic background in algebra and statistics. The course follows a gradual, structured approach, ensuring accessibility while equipping students with the analytical tools necessary to understand and apply key concepts in finance, risk, and regulation.

Relevance and Career Preparation

Emerging risks, evolving regulations, and innovative risk management strategies will shape the future of the financial industry. For students and aspiring finance professionals, having a strong foundation in financial risk management is no longer optional; it is a core professional skill.

This course equips students and practitioners with the necessary skills to confidently navigate the field and explore related areas independently for advanced academic work in finance, risk, and regulatory studies. It also prepares them for professional roles in risk control, financial analysis, investment strategy, and compliance. Additionally, it positions them to compete effectively in a job market within one of the largest employment sectors in Western economies.

While technical and regulatory knowledge are important, critical thinking is the most valuable skill for enhancing your performance, analyzing complex situations, questioning assumptions, and making informed decisions in uncertain circumstances.