Risk Management

Katty Cilina

Lecturer

Math Course

Registration

What is Risk Management?

All organizations face risk, be it a business risk, IT risk, technology risk, operational risk, regulatory risk, legal risk, political risk, strategic risk, or credit risk. Risk is a critical factor all business account for before making any decision. Prudent risk management application will assist strategically to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.
The process of identification, evaluation and prioritisation of risks followed by coordinated and economical application of resources to minimise, monitor and control the happening of mishaps is called risk management. It is an important branch as it protects an organisation and saves money.
Risk management provides a safe and secure environment for all the employees and customers of an organisation. The stability of a business is increased, and legal liability is decreased. Establishing context, risk identification, risk analysis, risk assessment and evaluation, risk mitigation, risk monitoring are all steps in risk management.

This course offers in-depth knowledge and skills with hands-on exercise to manage risk in the most optimal way. Participants will also have an opportunity to assess a project proposal and apply risk management processes by incorporating lessons learned and industry best practices related to risk management. This course is recommended for professionals and all individuals looking forward to help business make the best decision possible.

What can you do upon completion of this module ?

Demonstrate critical knowledge and systematic understanding of the overall context of, the need for, and good practices in risk management in professional financial practice and in business organisations;
Implement risk assessment methodology, specifically risk measurement techniques based on financial and statistical models related to a variety of markets;
Apply the risk management process in a practical way to generate values through sound mitigations;
Explain risk management techniques for different types of risk, with and without the use of derivative securities; and
Identify hedging, speculation and arbitrage, communicate effectively quantitative estimates of risk, and efficiently implement quantitative methods for risk measurement on real-world data.

Review Class

Muhammad Umar

This has been an interesting class. Discussions are always insightful with something new to learn. I liked the fact that the incorporated video into the learning experience, and his breakdown of class quiz were manageable.

Julia Angolie

The course material was extremely interesting. It was great to talk about things people normally wouldn't in a class. Professor helped to engage students by making us think about things we may not have thought of before, or in ways we may not have used before. Thoroughly enjoyed

Course Details