FINANCIAL RISK MANAGEMENT

LEARNING OBJECTIVES

Risk is an abstract notion, yet it is part of any managerial decision. Identifying financial risks, understanding their impact and how to mitigate them is important. But equally important is to make sure senior non-financial executives can comprehend the financial implications of the decisions they make and the trade-offs they face.

This module aims at providing an all-round view on what financial risk management represents, from the identification of risks and their quantification to the decisions to be taken and their implementation. This topic is incredibly vast, from the philosophical view of what “risk” is – where the idea to provide expectations on a dimension that exhibits randomness might be questionable – to the very concrete requirement to have a strategy towards it. This topic is probably the most quantitative one of all, even though the big cases of mismanagement by far didn’t occur just because of a wrong quantitative appreciation. 

 

Participants following this module will:

• Be knowledgeable about the history of the various sources of (financial) risks, their significance and their evolution.

• Master the various widely-known techniques to quantify the main risks faced by corporates: interest rates, foreign exchange rates, credit risk, liquidity risk, and commodity risks for some.

• Master the range of financial techniques and derivatives available for the transformation of risk exposures.

• Be able to act as true risk managers, capable to establish policies with the top management and guarantee their implementation.

DAY 1

The notion of risk

• The history of risk and its appreciation (qualitytively and quantitatively)

• The role within the corporate firm

• The risk management process

 

Risk identification and quantification

• Identifying (financial) risks arising from the corporate activity.

• Real and financial assets, their pricing and cash flow sensitivity to the various sources.

• Interest-rate risk

• Foreign exchange risk

• Credit risk

• Commodity risk

• Portfolio risk appraisal

ABOUT THE FACULTY

HUGUES PIROTTE

Hugues is professor of Finance at the Solvay BS.  He is also co-founder of FinMetrics, a Swiss company providing cutting-edge advisory and the development of a platform dedicated to the monitoring of the financial corporate activity since then.

Furthermore, he is manager of the Finance module of the Swiss Federal Expert Accountancy certification, member of the scientific committee of the Euronext BEL20 Index.

MORE INFO

HOW TO GET THE MOST OUT OF YOUR TRAINING

A good understanding of module “Understanding the Company” and “Financing and Investment Decisions” of the EMF programme is necessary prior to attending the present module

 

Please pre-read the required reading and the case(s) distributed in advance. Make sure to bring your laptop, with Excel and the data provided for the course on (please inform us if you don’t have a laptop available).

Solvay Brussels School

Franklin Rooseveltlaan 42

1050 Brussels

 

The Solvay building is located in the green heart of Brussels, on the edge of the beautiful Ter Kameren forest and a 15-minute walk (or 5 minutes by public transport) from the bustling center of Brussels. If desired, there are numerous
accommodation options (hotels and (air) bnb) in the neighborhood and in the center of the city. Need help?  Do not hesitate to contact us.

1.650 euro, excl VAT

Other price formulas: 

  • You can choose to follow this module in the context of the EMF programme. If you complete all 15 modules in a period of 15 subsequent months, then you pay € 16.000. If you spread it over a period of 3 years, then you pay € 18.000. 

  • Five Module package: 7500 euro / 5x2 modules of your choice. 

  • In-company:  This training personalized as part of your in company: good idea! Call us. 

NEXT TRAINING DATES

OCTOBER 2020 15-16

 

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