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- 1. Risk Management University ofEconomics, Kraków, 2012 Tomasz Aleksandrowicz
- 2. Risk management • relativelynew and developing discipline • growing importance in recent years • financial crisis brings attention on how risk is managed • public perception and awareness of risk is increasing • core competence in many industries
- 3. recent risk relatedevents on media • EURO currency under pressure • Europe in debt - sovereign rating downgrading • Greece critical situation • Banking issues: capitalization, compensation, layoffs • Commodities prices fluctuations • Middle-east political situation • LIBOR manipulation scandal
- 4. Have you everbeen investing actively on stock exchange? working for financial institution (or corporation)? applying for credit in a bank? running your own business? involved in extreme sports? travel to less developed countries on your own?
- 5. Organizational issues course practical information
- 6. organizational issues • 15 seminars, each Tuesday • presence not mandatory (but rewarded) • method of study: lectures, exercises, case studies • materials will be published on dropbox • examination based on course contents • suggested books & internet sites facultative only • any questions - please ask
- 7. examination rules • Endtest 0 - 40 points • Presence (2x) + 5 points • Presentation + 5 points • 2.0 up to 24 points • 3.0 25 – 29 points • 3.5 30 – 34 points • 4.0 35 – 39 points • 4.5 40 – 44 points • 5.0 45 – 49 points • 5.5 over 50 points
- 8. how to getmaterials from • use public link (registration not needed): – http://dl.dropbox.com/u/1353770/Risk/RM-01.pptx • replace ‘01’in ‘RM-01’ with correct seminar number • additional materials file names will be provided
- 9. interesting reference books •Fundamentals of Risk Management for Accountants and Managers: Tools & Techniques, Paul M. Collier, CIMA, 2009 • The Essentials of Risk Management, Robert Mark, Dan Galai and Michel Crouhy, McGraw-Hill, 2005 • Fundamentals of Enterprise Risk Management, John Hampton, Amacom, 2009 • Financial Risk Manager Handbook, Philippe Jorion, Wiley Finance, 2009
- 10. risk management oninternet • Newspapers, e.g.: Financial Times or Wall Street Journal • The Institute of Risk Management - www.theirm.org • Financial Risk Management News & Analysis - www.risk.net • The Business Insurance - www.businessinsurance.com • Risk Management Professional - www.rmprofessional.com • Risk Management Magazine - www.rmmag.com
- 11. risk management oninternet (II) • GARP - Global Association of Risk Professionals - www.garp.org (FRM certificate) • PRMIA - Professional Risk Managers' International Association - www.prmia.org (PRM certificate) • Calculated risk - www.calculatedriskblog.com • Clusterstock - www.businessinsider.com/clusterstock • Deal Book - dealbook.nytimes.com • RM Monitor - www.riskmanagementmonitor.com
- 12. What are yourexpectations on this course what you would like to learn here? what will be most interesting?
- 13. Course Content topics coveredduring seminar
- 14. course content • introduction to risk & risk management • risk management principles, process and techniques • financial markets & crisis in risk management perspective • financial risk management: market risk, credit risk, liquidity risk • operational risk management • business / strategic and hazard risk management • practical application on stock exchange, in investment, banking, insurance, enterprise, for private individuals • risk management in projects
- 15. why study riskmanagement? • investing on stock exchange • working in finance industry (e.g. banking or insurance) • working as manager in enterprise or corporation • working in advisory or government institutions • running a company • managing own career and personal finance • working as project manager and being involved in projects
- 16. contact me at tomkacy@gmail.com Tomasz Aleksandrowicz