• Explain the motivation for risk management
• Characterize and describe the global risk environment of the firm.
• Identify, measure and monitor a firm’s global financial and economic exposures.
• Knowing about the pros- and cons- of different risk management frameworks
• Assess alternative ways to mitigate and deal with corporate risks under uncertain and unpredictable market conditions
• Consider proper governance of the strategic risk management process in a multinational corporation, operating in turbulent global markets

This course introduces risk management form a corporate perspective. It will help to identify and manage risk with a view towards improving a firm’s risk position. It will show which result the absence of such methods can have on a corporate outcome. In practice, risk management refers to structured processes of avoiding, reducing or managing events that can damage individual organizations. To highlight its practical applicability, we will use cases to highlight and exercise the key concepts and frameworks introduced in the course. The course will start with the nature of risk management and its strategic importance. We will go through economic factors impacting the risk of an organization and show ways to manage it. The focus on different risk management practices will lead us to some critique on established enterprise risk management frameworks.

This course begins in mid April/2021

Written exam hand-in 31.May 2021