Risk is persistent everywhere for enterprises running business under rapidly changing global business environment and in particular in the recent surrounding of Covid-19 pandemic. Managing effectively any substantial risks confronting an enterprise is becoming more and more important in its day-to-day tasks. Enterprise risk management (ERM) is a practice that examines and implements risk management strategically from the perspective of the entire enterprise. It aims to prevent any potential losses and dangers that may impact the operation of an enterprise. Proactive risk management strengthens an enterprise’s ability to contend with existing and emerging risks and adapt quickly to unexpected risk events. Furthermore, integrating enterprise risk management with strategy helps to enhance business performance.
Also, every enterprise faces financial risks which would cause potential losses under business uncertainty. Financial risk management is the process of measuring and managing financial risks to which an enterprise might be exposed either now or in the future. The economic crisis during the 2008 affirms the importance of risk management especially in the financial services industry.
This course will provide students with the knowledge and skills commonly used in practice to implement ERM framework utilising risk management qualitative and quantitative methods. Students will learn to identify, assess, control and respond to risks for an enterprise, and also integrate risks with business strategy to improve performance. In addition, this course will introduce practical implementation and application of financial risk management covering market, liquidity, credit and operational risk measurement and management from the viewpoint of financial institutions.
Upon completion of this course, students will be capable of using the techniques learnt to analyse, evaluate and manage risks from an enterprise point of view. Also, students will acquire the knowledge of the best practices in financial risk management.