Executive Education

RISK MANAGEMENT

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 to 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 corporations exposure to risks. The course is both quantitative and application driven.

Contact

Ludmila Ketterer

 +49 69 798 33512

 E-Mail

Course
Format

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.

Learning
Objectives

Upon completion of this course, you will:

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.

Key
Concepts

Market risk
Credit risk
Interest rate risk
Exchange rate risk
Hedging with Futures & Options
Financial Engineering
Structured Finance

Faculty

Prof. Dr. Mark Wahrenburg

Mark Wahrenburg is the founding Dean of Goethe Business School and Chaired Professor of Banking and Finance of Frankfurt University. He received a Master degree in Business Administration and a PhD from the University of Cologne. Prof. Wahrenburg has been visiting professor at the Wharton School and full professor of finance at the University of Witten/Herdecke.

For several years, he worked as a consultant with McKinsey and American Management Systems. Professor Wahrenburg also spent one year in Vietnam in order to support the establishment for the German-Vietnamese-University in Ho-Chi-Minh-City.

Key Facts

Course materials

Course materials will be provided in electronic form.

Language

English

Venue

Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee*

€ 1.900 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 800.

*Withdrawal and fee refund
In case the course withdrawal request is received two weeks prior to the start of classes, GBS will retain a withdrawal fee of €50. In case the course withdrawal request is received less than two weeks prior to the start of classes, GBS will retain 50% of the payment made.

Course Schedule
Date Session
Fri., Nov. 26, 2021 14:30-16:30
Sat., Nov. 27, 2021 09:00-11:00
11:30-13:30
Fri., Dec. 10, 2021 14:30-16:30
17:00-19:00
Sat., Dec. 11, 2021 14:30-16:30
Fri., Jan. 7, 2022 13:00-15:00
15:30-17:30
Sat., Jan. , 2022 09:00-11:00
Fri., Jan. 21, 2022 13:00-15:00
15:30-17:30
Sat., Jan. 22, 2022 09:00-11:00
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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.

Stephan KieneDuke-Goethe Executive MBA Class of 2009

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