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Executive Summer School
London School of Economics
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Email: ess@lse.ac.uk|
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Financial Risk Management

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Designed to develop the knowledge and understanding of risk management practices in those advancing their careers within the sector.

Register here for a detailed course outline.|

This short course familiarises participants with the main tools and practices needed to assess and evaluate financial risks. It will give you an understanding of risk management practices in an industry setting, and the ability to critically assess risk management reports and research. Furthermore, the course will raise your awareness of the limitations of quantitative risk management in real life situations. Its foundations are applicable across various sectors such as banking, insurance, asset management, hedge funds, regulation and supervision.

Programme Benefits:

  • Gain the theoretical and practical foundations required to understand and effectively manage financial risks
  • Acquire skills in implementing and evaluating state-of-the-art models to measure and forecast financial market risk, using real financial data
  • Understand the theoretical underpinnings and the application of popular credit risk models such as the Merton model and the Moody’s KMV approach
  • Discover the limits of quantitative models and the necessity to understand limits to arbitrage in financial markets through case studies and group discussions
  • Collaborate and network with risk professionals from a range of different industries.

This executive course is particularly suitable for:

  • Professionals looking to advance their careers in financial risk management
  • Chief risk officers and heads of risk management looking to benchmark their own procedures against state-of-the-art risk management practices
  • Risk management specialists looking to expand their knowledge across other areas of the field
  • Regulators and supervisors that are tasked with assessing and validating risk management infrastructures
  • Risk managers in non-financial institutions wishing to interact on a level playing field with consultants and investment banks in order to critically assess risk management proposals.

"A very useful course that not only helped me to get back in touch with risk-related academic theory, but also to discuss current issues in risk management in a collegial atmosphere."

Credit Risk Manager, International Financial Institution, Switzerland

In short, this course enables executives and people interested in risk management practices to qualitatively understand the relevant tools and practices to manage financial risks. You will be able to ask the right questions and be able to implement the appropriate checks in order to improve the risk management infrastructure you are responsible for.

Key topics:

  • Foundations of risk measurement and risk finance theory
  • Basic risk management instruments: Forwards, futures, swaps and options
  • Market risk management: Methods for hedging risk in equity and fixed income portfolios; Delta and Gamma, Duration and Convexity
  • Value-at-Risk: Definition, implementation and evaluation of risk forecasts. Alternative risk measures
  • Credit risk: Merton model, the KMV approach, and ratings based models
  • Operational risk management
  • Limitations and failures of risk models
  • The on-going credit crisis and implications for risk management and regulation.

Qualitatively understand the relevant tools and practices to manage financial risks.

“Great teachers, good approach, the course teaching was perfect”

2013 participant on Financial Risk Management

Our client list includes;

  • AB Industrivärden
  • Banca d’Italia
  • Bank for International Settlements
  • Citigroup
  • Deloitte 
  • Deutsche Bank
  • Ernst & Young
  • European Central Bank
  • Finance Trust Bank
  • First Bank of Nigeria Ltd
  • JP Morgan
  • Just Retirement
  • Nomura Research Institute Ltd
  • OPCALIA Rhône-Alpes
  • Santander



Course details:

Dates:  29 June - 3 July 2015

Format: Five day intensive executive programme

Location: LSE's Central London Campus, New Academic Building, WC2A 2AE

Teaching faculty:

Dr Philippe Mueller|

Dr Andrea Vedolin|

Guest speakers:

Dr Bernd Brommundt

Dr Kevin James

Dr Stephan Kessler

Tuition fee:  £4,995 (includes all course materials)

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