Market Risk For Actuaries (Exams SP9/CM2/CP1)

By MJ the Fellow Actuary
Rating: 4.5 out of 5 (29 ratings)
749 students
English [Auto]
Introduction to Risk
Mathematical Properties of Risk Measures
Risk Control Cycle with regards to Market Risk
Beyond hedging and using derivatives
Sharpe and Sortino Ratio
Black Scholes and Implied Volatility


  • Must have done the first few actuarial exams (Statistics and Financial Maths)


For the Actuarial Students

  • This course is designed for actuaries writing exam: SP9/CM2/CP1.

  • It is theoretical in nature and designed to introduce a student to the material.

  • It is not a substitute for studying, rather a supplement.


  • Risk is defined as the consequences resulting from uncertainty.

  • Market Risk is defined as the unexpected changes in an assets price.


  • Part 1 is an introduction to Risk and looks at the mathematical properties of risk measures.

  • Part 2 is about being aware of Market Risk

  • Part 3 is about identifying Market Risk and its sources of uncertainty.

  • Part 4 is about the models used to assess Market Risk

  • Part 5 is about managing Market Risk and going beyond just hedging and derivatives.

  • Part 6 is about monitoring Market Risk with the Sharpe and Sortino Ratios

  • Part 7 is about how Black Scholes can be used to calculate an Implied Volatility for Market Risk Models

Who this course is for:

  • Advanced Actuarial Students

Course content

8 sections18 lectures1h 33m total length
  • Introduction to Risk
  • Properties of Risk Measures


Actuary (FASSA/CERA)
Michael Jordan
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  • 1,365 Reviews
  • 16,751 Students
  • 20 Courses

Hi I'm MJ the Fellow Actuary. I've been making educational videos since 2013 on YouTube. I've passed all the actuarial exams and am here to help you do the same. I've majored in Mathematical Statistics and have published research in the South African Journal of Science on Artificial Intelligence. I've also done a Ted Talk on advanced studying methods. As your instructor my purpose is to make sure you understand every concept in these courses. If you get stuck with anything, send me a message, I'm here to help.