This course provides students with the knowledge and intellectual skill in risk identification, measurement, control, and evaluation. It enables students to evaluate how a business can identify and measure its loss exposures, select appropriate tools for the management of risk exposures. It aims to prepare the students for necessary knowledge about independent risk analysis and decision-making in an effective risk management system. The topics covered include the nature of risks, rationale and framework for risk management, scientific risk measurement for financial risk, market risk management using derivatives, management of credit, liquidity, and operational risks, as well as stress tests and scenario analyses in crisis management. Students are expected to apply knowledge to the discussion of real-world issues in corporate risk management.

CILO-1: Conceptualize the nature and types of key financial and non-financial risks. CILO-2: Formulate the framework of effective risk management system in corporations. CILO-3: Perform the measurement of financial risks. CILO-4: Demonstrate the application of a variety of strategies for risk management. CILO-5: Critically assess contemporary issues with respect to risk and crisis management in a global market environment.