Risk Management of Financial Institutions
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 1
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
After successful completion of this course, students will have knowledge of:
- risk management process, tools for risk identification, analysis and quantification
- the principle of risk management and its specifics in the insurance industry and banks
- Enterprise Risk Management (ERM)
Practical skills and competencies consist in the ability to:
- assessments of the severity and frequency of risks affecting business and financial market participants
- implement risk management and adopt strategies and solutions for different types of risks
- formulate and justify findings to financial market stakeholders
Indicative content
The course aims to acquire theoretical knowledge of risk management, as well as its practical application in insurance, banking and other financial market institutions. The course focuses on the use of risk analysis tools as well as on decisions about the possible impact of risks on various areas of activity of financial institutions.
Syllabus
1. Importance and tasks of risk management 2. Basic framework and characteristics of the risk management system 3. Enterprise risk management 4. Risks and specifics of risk management in insurance sector 5. Risks and specifics of risk management in banking sector 6. Risk management process 7. Methods and tools in risk identification 8. Methods and tools of risk analysis 9. Methods and techniques of risk quantification 10. Risk decision-making strategies, risk appetite 11. Monitoring, control and reporting in risk management 12. Regulation in risk management 13. Implementation of risk management system in insurance and banking sectors
Requirements to complete the course
20% seminar assignments and case studies, 10% mid-term exam, 10% group assignments and teamwork, 60% written exam
Date of approval: 10.02.2023
Date of the latest change: 06.04.2021