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Understanding Financial Risk Management
Rating: 4.9 out of 5(2 ratings)
4 students

Understanding Financial Risk Management

Learn to understand and manage financial risks in businesses of all sizes in a few short lectures.
Created byCian Murphy
Last updated 11/2024
English

What you'll learn

  • To simplify Financial Risk Management
  • To explain the main risks, tools and work through some real examples
  • To understand financial risks and their interconnection
  • To give you a framework/way of thinking for financial risk analysis and management

Explore related topics

Course content

1 section • 12 lectures • 1h 1m total length

  • 1. What is risk?5:29

    • What is risk?

      • Exposure to negative elements, losses; Volatility, uncertain value; “Risk-free-returns” - there are none!; comparing outcomes; counting


    • Understanding risk

      • Known/unknown/manageable/unmanageable

      • Risks always multiple, never isolated.


    • 4 Types of Risk

      • Liquidity Risk

      • Credit Risk

      • Market Risk

      • Operational Risk

  • What is Risk?
  • Liquidity Risk5:40

    Asset Liquidity Risk

    • not being able to buy or sell an asset in totality at the required moment


    Liability liquidity risk

    • not having enough liquid assets (cash) to be able to meet obligations (suppliers, debtors of all kinds) at the right time

  • 2. Liquidity Risk
  • 3. Market Risk10:06

    • What is Market Risk?

    • Assets, transactions

    • Management, hedging

    • Hedgeable Markets

    • Analysis

    • What are the risks?

    • Tools

  • 3. Market Risk
  • 4. Financial Products11:45

    • Equities

    • Bonds

    • Foreign Exchange (Spot and forward)

    • Futures (On all the above)

    • Swaps

    • Options (On all the above inc futures)

  • 4. Financial Products
  • 5. Credit Risk7:51

    • What is Credit Risk?

    • Credit

    • Counterparty Risk

    • Intermediary Counterparty Risk

    • Credit Ratings

    • Risk Analysis

    • Controls & Solutions

  • 5. Credit Risk
  • 6. Operational Risk7:23

    • What is Operational Risk?

    • People

    • Psychology

    • Processes

    • Security & Fraud

  • 6. Operational Risk
  • 7. Historical Crisis Examples0:11

    • Tulips in Amsterdam - 1637

    • Charles Ponzi - 1920

    • Wall Street Crash - 1929

    • Black Monday - 1987

    • RJR Nabisco - 1988

    • Baring’s - 1995

    • LTCM - 1998

    • Enron - 2001

    • Worldcom - 2002

    • Societe Generale x Kerviel - 2008

    • FTX - 2023

    • Bitcoin? VIX? XIV? ETFs?

    • Others...

  • 8. Multiple Risk Situations and Start-ups9:51

    • Multiple risk situations

    • Supplier payment risks

    • Acquisitions: hidden risks

    • Subsidiaries, geopolitical situations, other countries

    • Start-up risks: Funding

    • Start-up Risks: Cash burn, start up costs

    • Start-up Risks: Under/over funding and spending

  • 9. FRM Case Study: Overseas acquisition0:59

    • Background

    • Story

    • What are the risks? Can we control?

  • 10. FRM Case Study: Robinhood x Gamestop 20200:46

    • Background

    • Story

    • What are the risks? Can we control?

  • 11. FRM Case Study: Charles Ponzi 19201:06

    • Background

    • Story

    • What are the risks? Can we control?

  • Course Review0:11

    • 1. What is risk?

    • 2. Liquidity Risk

    • 3. Market Risk

    • 4. Financial Products

    • 5. Credit Risk

    • 6. Operational Risk

    • 7. Historical Examples

    • 8. Multiple Risk Situations

    • 9. FRM Case Study: Overseas acquisition

    • 10. FRM Case Study: Robinhood x Gamestop 2020

    • 11. FRM Case Study: Charles Ponzi 1920

Requirements

  • Some business and/or finance experience is helpful

Description

Course Objective


  • To simplify Financial Risk Management

  • To teach you about the different financial risks and products.

  • To give you an overview of risks, tools and work through some real examples

  • Try to (very quickly) give you a framework/way of thinking for financial risk analysis and management

  • To NOT get “bogged-down” in details and calculations


The course includes the following subjects:


  • 1. What is Risk?

  • 2. Liquidity Risk

  • 3. Market Risk

  • 4. Financial Products

  • 5. Credit Risk

  • 6. Operational Risk

  • 7. Historical Crisis Examples

  • 8. Multiple Risk Situations

  • 9. FRM Case Study: Overseas acquisition

  • 10. FRM Case Study: Robinhood x Gamestop 2020

  • 11. FRM Case Study: Charles Ponzi 1920


Financial Risk Management is about identifying potential risks and their likelihood. The potential financial risks in business and life are numerous but being able to estimate the likelihood and potential impact of a risk allows us to make positive decisions in the face of uncertainty. After studying this course you should have all the mental tools required to be able to make better business decisions in the face of risky situations.


After you have completed the course I look forward to hearing your thoughts and any questions you may have so that we can learn together, and that I can improve and update the course as and when necessary.


Who this course is for:

  • Graduates or junior finance professionals

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