This module is designed to combine the theories and methodologies of risk modelling with the complex needs of effectively managing risks in practice.
This module also provides a solid theoretical foundation of risk management by introducing risk management models to measure and manage various types of risks through applications, with the emphasis on the implementation of risk models in practice.
This module prepares students to the practical challenges of risk in a professional environment
A. Understand fundamental theories and models in modern risk management.
B. Understand volatility, dependence and extreme-value measures and their importance for financial risk management.
C. Carry out risk analysis using various measures of risk.
D. Identify the nature of market/business-relevant risks, especially market risk, portfolio risk, (counterparty) credit risk, liquidity risk, and operational risk.
E. Conduct comprehensive theoretical analyses and practical applications in risk modelling towards different risk exposures.
F. Use a programming language/ software to conduct risk analysis of asset portfolios.
This module will be delivered by a combination of formal lectures, tutorials and computer labs.