Understanding and managing risk

This free course, Understanding and managing risk, provides an introduction to financial risk management. The processes of risk identification, risk measurement and risk management are explored. The course then goes on to examine reputational risk and operational risk. It concludes with an examination of the subject of behavioural finance and what this can contribute to our understanding of risk taking and risk management.

• Introduction
• Learning outcomes
• 1 Risk and the financial crisis
• 1 Risk and the financial crisis
• 1.1 Risk management
• 1.2 The financial crisis – the cost of risk management failures
• Audiovisual activity
• Case study
• 2 A helicopter overview of risk
• 2 A helicopter overview of risk
• 2.1 Defining risk
• 2.2 The risk management process
• Stage 1: Identify risk exposures
• Stage 2: Measure and estimate risk exposures
• Stage 3: Assess effects of exposures
• Stage 4: Form a risk mitigation strategy
• Stage 5: Evaluate performance
• Summary
• 3 Operational risk
• 3 Operational risk
• 3.1 The implications of operational risk
• 3.2 Operational risk management
• 3.3 IFRS and operational risk
• Summary
• Audiovisual resource
• Conclusion
• Glossary
• References
• Acknowledgements