Risk ManagementUniversity of Economics, Kraków, 2012

Tomasz Aleksandrowicz

Have you ever beeninvesting actively on stock exchange?

working for financial institution (or corporation)?applying for credit in a bank?running your own business?involved in extreme sports?

travel to less developed countries on your own?

Organizational issuescourse practical information

organizational issues

• 15 seminars, each Tuesday• presence not mandatory (but rewarded)• method of study: lectures, exercises, case studies• materials will be published on dropbox• examination based on course contents• suggested books & internet sites facultative only• any questions - please ask

examination rules

• End test 0 - 40 points• Presence (2x) + 5 points• Presentation + 5 points

• 2.0 up to 24 points• 3.0 25 – 29 points• 3.5 30 – 34 points• 4.0 35 – 39 points• 4.5 40 – 44 points• 5.0 45 – 49 points• 5.5 over 50 points

how to get materials from

• use public link (registration not needed):– http://dl.dropbox.com/u/1353770/Risk/RM-01.pptx

• replace ‘01’in ‘RM-01’ with correct seminar number• additional materials file names will be provided

interesting reference books

• Fundamentals of Risk Management for Accountants and Managers: Tools & Techniques, Paul M. Collier, CIMA, 2009

• The Essentials of Risk Management, Robert Mark, Dan Galai and Michel Crouhy, McGraw-Hill, 2005

• Fundamentals of Enterprise Risk Management, John Hampton, Amacom, 2009

• Financial Risk Manager Handbook, Philippe Jorion, Wiley Finance, 2009

risk management on internet

• Newspapers, e.g.: Financial Times or Wall Street Journal• The Institute of Risk Management - www.theirm.org• Financial Risk Management News & Analysis - www.risk.net• The Business Insurance - www.businessinsurance.com

• Risk Management Professional - www.rmprofessional.com• Risk Management Magazine - www.rmmag.com

risk management on internet (II)

• GARP - Global Association of Risk Professionals - www.garp.org (FRM certificate)

• PRMIA - Professional Risk Managers' International Association - www.prmia.org (PRM certificate)

• Calculated risk - www.calculatedriskblog.com• Clusterstock - www.businessinsider.com/clusterstock• Deal Book - dealbook.nytimes.com• RM Monitor - www.riskmanagementmonitor.com

What are your expectations on this course

what you would like to learn here?what will be most interesting?

Course Contenttopics covered during seminar

recent risk related events on media

• EURO currency under pressure• Europe in debt - sovereign rating downgrading• Greece critical situation• Banking issues: capitalization, compensation, layoffs• Commodities prices fluctuations• Middle-east political situation• LIBOR manipulation scandal• Frankfurt airport strike event

risk management today

• relatively new and developing discipline• growing importance in recent years• financial crisis brings attention on how risk is

managed• public perception and awareness of risk is increasing• core competence in many industries

course content

• introduction to risk & risk management• risk management principles, process and techniques• financial markets & crisis in risk management perspective• financial risk management: market risk, credit risk,

liquidity risk• operational risk management• business / strategic and hazard risk management• practical application on stock exchange, in investment,

banking, insurance, enterprise, for private individuals• risk management in projects

why study risk management?

• investing on stock exchange• working in finance industry (e.g. banking or

insurance)• working as manager in enterprise or corporation• working in advisory or government institutions • running a company• managing own career and personal finance• working as project manager and being involved in

projects

contact me attomkacy@gmail.com

Tomasz Aleksandrowicz