Risk Management for Financial Institutions

Vrije Universiteit Amsterdam

Course Description

  • Course Name

    Risk Management for Financial Institutions

  • Host University

    Vrije Universiteit Amsterdam

  • Location

    Amsterdam, The Netherlands

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COURSE OBJECTIVE
    This course offers a comprehensive introduction in Risk Management and especially related to financial institutions like insurance companies, pension funds and asset managers. This course will be supported with Deloitte experts.

    This course is structured in 6 parts, covering the fundamentals how these institutions work and to what risktypes they are exposed:
    Part 1 (three weeks) : Insurance companies;
    Part 2 (two weeks): Pension funds;
    Part 3 (one week): Asset managers.

    The course consists of the following topics regarding each part/different financial institution:
    1. The working and business model;
    2. Supervision and regulation;
    3. Different risk types: Credit Risk, Market Risk and Operational Risk, Interest Rate Risk and Liquidity Risk;
    4. Strategic and integrated risk management.

    All parts and topics of the course are closely knitted to the learning goals of Quantitative skills, Academic skills, Bridging theory and practice. You will learn to think as a risk manager and will be challenged to have a holistic view.

    By the end of the course students should be able to:

    • Explain and analyse the working of these financial institutions and their business models;
    • Outline and interpret regulation and the impact on these financial institutions;
    • Explain, analyse and evaluate the different risk types;
    • Identify and apply different risk measure techniques;
    • Create and discuss a view on integrated risk management.

    COURSE CONTENT
    You will learn the fundamentals of Financial Institutions (Insurance companies, Asset Managers and Pension Funds), and the working of these institutions in the financial markets. What are the risks where these institutions have to deal with? How can you identify, monitor and report the different risk types? How are they aligned with each other and, last but not least, how can you manage these risks with all this knowledge? The course will also focus on how you manage an Insurance company with regard to capital. How can you optimize your capital and is there a future for Insurance companies? Pensions are nowadays a actual and political topic. This course will elaborate on the complexity and possibilities of Pension funds. Upon completion you will be challenged to have a broader view on the issues and you will have more background for the actual discussions.

    TEACHING METHODS
    Interactive lectures and Tutorials

    TYPE OF ASSESSMENT
    Final written exam (Individual assessment) and assignments.

    ENTRY REQUIREMENTS
    There is no formal entrance requirement for the Deloitte minor Risk Management except for VWO Wiskunde A (or B).

    RECOMMENDED BACKGROUND KNOWLEDGE
    Finance I, Accounting I, A basic course in quantitative methods and/or statistics is strongly recommended.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Some courses may require additional fees.