2. Risk management
• relatively new and developing discipline
• growing importance in recent years
• financial crisis brings attention on how risk is
managed
• public perception and awareness of risk is increasing
• core competence in many industries
3. recent risk related events on media
• EURO currency under pressure
• Europe in debt - sovereign rating downgrading
• Greece critical situation
• Banking issues: capitalization, compensation, layoffs
• Commodities prices fluctuations
• Middle-east political situation
• LIBOR manipulation scandal
4. Have you ever been
investing actively on stock exchange?
working for financial institution (or corporation)?
applying for credit in a bank?
running your own business?
involved in extreme sports?
travel to less developed countries on your own?
6. organizational issues
• 15 seminars, each Tuesday
• presence not mandatory (but rewarded)
• method of study: lectures, exercises, case studies
• materials will be published on dropbox
• examination based on course contents
• suggested books & internet sites facultative only
• any questions - please ask
8. how to get materials from
• use public link (registration not needed):
– http://dl.dropbox.com/u/1353770/Risk/RM-01.pptx
• replace ‘01’in ‘RM-01’ with correct seminar number
• additional materials file names will be provided
9. interesting reference books
• Fundamentals of Risk Management for Accountants and
Managers: Tools & Techniques, Paul M. Collier, CIMA, 2009
• The Essentials of Risk Management, Robert Mark, Dan Galai
and Michel Crouhy, McGraw-Hill, 2005
• Fundamentals of Enterprise Risk Management, John
Hampton, Amacom, 2009
• Financial Risk Manager Handbook, Philippe Jorion, Wiley
Finance, 2009
10. risk management on internet
• Newspapers, e.g.: Financial Times or Wall Street Journal
• The Institute of Risk Management - www.theirm.org
• Financial Risk Management News & Analysis - www.risk.net
• The Business Insurance - www.businessinsurance.com
• Risk Management Professional - www.rmprofessional.com
• Risk Management Magazine - www.rmmag.com
11. risk management on internet (II)
• GARP - Global Association of Risk Professionals -
www.garp.org (FRM certificate)
• PRMIA - Professional Risk Managers' International Association
- www.prmia.org (PRM certificate)
• Calculated risk - www.calculatedriskblog.com
• Clusterstock - www.businessinsider.com/clusterstock
• Deal Book - dealbook.nytimes.com
• RM Monitor - www.riskmanagementmonitor.com
12. What are your expectations
on this course
what you would like to learn here?
what will be most interesting?
14. course content
• introduction to risk & risk management
• risk management principles, process and techniques
• financial markets & crisis in risk management perspective
• financial risk management: market risk, credit risk,
liquidity risk
• operational risk management
• business / strategic and hazard risk management
• practical application on stock exchange, in investment,
banking, insurance, enterprise, for private individuals
• risk management in projects
15. why study risk management?
• investing on stock exchange
• working in finance industry (e.g. banking or
insurance)
• working as manager in enterprise or corporation
• working in advisory or government institutions
• running a company
• managing own career and personal finance
• working as project manager and being involved in
projects
16. contact me at
tomkacy@gmail.com
Tomasz Aleksandrowicz