The industry experience of the faculty makes their content so rich, while the teaching style is engaging and even entertaining – a refreshing change to a typical lecture at a German University. I’ve even sent some of my employees to GBS for Open Program courses since.
Investors in financial markets and regulators expect corporations to establish an adequate and up-to-date risk management function. A proper understanding of risk management techniques is essential in today’s markets since the decisions of risk management professionals such as treasurers, risk analysts, risk controllers and portfolio managers may determine the fate of a whole institution.
This course is structured around case studies that allow students study the fundamentals of corporate financial risk management in diverse situations. It covers techniques to identify, measure and manage corporate financial risk for both financial and non financial institutions. Specifically, topics will include approaches to manage foreign exchange rate risk, interest rate risk and credit risk, static and dynamic hedging strategies and portfolio insurance techniques. Students will learn to apply different risk measures such as Value-at-Risk, Expected Shortfall, and also to analyze the impact of risk incidents on corporate (accounting) earnings and Cash Flows and corporate liquidity risk. The course will also address advantages and disadvantages of using hedging instruments such as futures, options, and credit default swaps (CDS) in order to limit a corporation’s exposure to risks. The course is both quantitative and application driven.
This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.
Upon completion of this course, you will be able to:
- Gain an introduction and overview over modern risk modeling techniques for analyzing optimizing the risk position of a corporation
- Understand how to apply hedging strategies using derivative instruments such as futures and options
- Work with real world data and case studies.
- Market risk
- Credit risk
- Interest rate risk
- Exchange rate risk
- Hedging with Futures & Options
- Financial Engineering
- Structured Finance
Prof. Dr. Mark Wahrenburg
Mark Wahrenburg, Chair of Banking and Finance, Goethe University, is the founding Dean of GBS. He received a Master degree in Business Administration and a PhD from the University of Cologne and has been visiting professor at Wharton School and full professor of finance at the University of Witten/Herdecke. For several years, Mark worked as a consultant with McKinsey and American Management Systems. He spent a year in Vietnam in order to support the establishment of the German-Vietnamese-University in Ho-Chi-Minh-City.
Course materials will be provided in electronic form.
Campus Westend of Goethe University Frankfurt.
Certificate of participation
A GBS certificate of participation is awarded upon completion of the course.
€ 1,900 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 800.
|Fri, Dec 01, 2023||12:00 - 14:00, 14:30 - 16:30|
|Sat, Dec 02, 2023||09:00 - 11:00, 11:30 - 13:30|
|Fri, Dec 15, 2023||17:00 - 19:00|
|Sat, Dec 16, 2023||11:30 - 13:30, 14:30 - 16:30|
|Fri, Jan 12, 2024||15:30 - 17:30, 18:00 - 20:00|
|Fri, Jan 26, 2024||13:00 - 15:00|
|Sat, Jan 27, 2024||09:00 - 11:00, 11:30 - 13:30|
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