Introduction to Risk Management

This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.

Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.

For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.

Module 1: Introduction

• Lesson 1: The Standard Model
• Lesson 2: Rationale for Risk Management
• Lesson 3: Management vs Management

Module 2: Taxonomy of Risks

• Lesson 1: Overview: Types of Risk
• Lesson 2: Credit Risk
• Lesson 3: Liquidity Risks
• Lesson 4: Operational Risk

Module 3: Money and Capital Markets

• Lesson 1: The Financial System
• Lesson 2: US Regulatory Structures
• Lesson 3: JPM Oversight
• Lesson 4: UK vs EU Regulatory Structure

Module 4: Risk Concepts

• Lesson 1: Introduction to Loss Distribution
• Lesson 2: Components of Risk Model
• Lesson 3: Profit and Loss
• Lesson 4: Risk Measures
• Lesson 5: Quantiles
• Lesson 6: Value at Risk
• Lesson 7: Expected Shortfall
• Lesson 8: Historical Loss Distribution
• Lesson 9: Parametric VaR- t Approximation
• Lesson 10: Coherent Risk Measures
• Lesson 11: Critique of VaR
• Lesson 12: Stress Testing