What is risk? Why do firms manage risk? In this course, you will be introduced to the different types of business and financial risks, their sources, and best practice methods for measuring risk. This course will help you gauge different risk types and set risk limits, describe the key factors that drive each type of risk, and identify the steps needed to choose probability distributions to estimate risk. You will explore the history and development of risk management as a science, and financial and business trends that have shaped the practice of risk management. By the end of the course, you will have the essential knowledge to measure, assess, and manage risk in your organization. To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with financial instruments (stocks, bonds, foreign exchange, etc). Experience with MS Excel recommended.
What is Scenario Analysis?
Skills You'll Learn
Risk Management, Financial Regulation, Credit Risk, Financial Market, Risk Modeling, Probability Distribution, Operational Risk, Portfolio Management, Business Risk Management, Financial Modeling, Capital Markets, Enterprise Risk Management (ERM), Risk Analysis
Reviews
4.6 (712 ratings)
- 5 stars73.59%
- 4 stars20.36%
- 3 stars3.79%
- 2 stars0.84%
- 1 star1.40%
TM
Jan 20, 2024
Mr. Iraci was a wonderful instructor who was easy to follow and went at a good pace. He displays credibility as an authority on the subject matter.
AC
Sep 1, 2023
Joe was an amazing educator. He is highly knowledgeable, and I understood the information he presented. I would recommend this course!
From the lesson
Module 04: Introduction to Risk Modeling
In this module, you will learn about the factors that drive each type of risk and then use these factors to create distributions (density functions). You will explore non-parametric measures of loss distributions such as scenario analysis and stress testing.
Taught By
Joseph Iraci
Instructor
Jack Farmer
Curriculum Director