Introduction to Risk Management

Learn how to differentiate between financial and business risks.

Introduction to Risk Management

There is one session available:

After a course session ends, it will be archived.
Estimated 4 weeks
1–2 hours per week
Progress at your own speed

About this course

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This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.

Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.

For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.

At a glance

  • Institution: NYIF
  • Subject: Economics & Finance
  • Level: Intermediate
  • Prerequisites:
    • Basic MS Excel skills
    • Basic probability and statistics
  • Language: English
  • Associated programs:

What you'll learn

Skip What you'll learn
  • Differentiate between financial risks and business risks.
  • Identify and describe the various types of financial risk and their sources.
  • Identity the real-world violations of the ‘standard model’ assumptions that make risk management value enhancing to the firm.
  • Differentiate between risk measurement and risk management.
  • Describe systemic risk as a negative externality.
  • Describe the US regulatory structure.

Module 1: Introduction

  • Lesson 1: The Standard Model
  • Lesson 2: Rationale for Risk Management
  • Lesson 3: Management vs Management

Module 2: Taxonomy of Risks

  • Lesson 1: Overview: Types of Risk
  • Lesson 2: Credit Risk
  • Lesson 3: Liquidity Risks
  • Lesson 4: Operational Risk

Module 3: Money and Capital Markets

  • Lesson 1: The Financial System
  • Lesson 2: US Regulatory Structures
  • Lesson 3: JPM Oversight
  • Lesson 4: UK vs EU Regulatory Structure

Module 4: Risk Concepts

  • Lesson 1: Introduction to Loss Distribution
  • Lesson 2: Components of Risk Model
  • Lesson 3: Profit and Loss
  • Lesson 4: Risk Measures
  • Lesson 5: Quantiles
  • Lesson 6: Value at Risk
  • Lesson 7: Expected Shortfall
  • Lesson 8: Historical Loss Distribution
  • Lesson 9: Parametric VaR- t Approximation
  • Lesson 10: Coherent Risk Measures
  • Lesson 11: Critique of VaR
  • Lesson 12: Stress Testing

About the instructors