The course will involve a detailed examination of market risk, liquidity risk, credit risk, and operational risk. Student will systematically understand the steps involved in the financial risk management process, identify and prioritize key financial risks as well as distinguish between different types of risks, and undertake a practical analysis of these risks for a particular company.

The course will also cover the main financial risk management tools and techniques, develop a hedging strategy for a company. Students will learn how to critically evaluate the impact of the recent financial crisis on modern risk management practices, and comprehensively understand the changes which are being currently introduced into financial markets to comply with the new, post-crisis regulatory financial reform.