Module Handbook

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Module WIW-FUB-RIS-M-7

Risk Management (M, 4.5 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-FUB-RIS-M-7 Risk Management 4.5 CP (135 h)

Basedata

CP, Effort 4.5 CP = 135 h
Position of the semester 1 Sem. in SuSe
Level [7] Master (Advanced)
Language [DE] German
Module Manager
Lecturers
Area of study [WIW-FUB] Financial Services and Financial Management
Reference course of study [WIW-88.21-SG#2009] M.Sc. Business Studies (2009) [2009]
Livecycle-State [NORM] Active

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
2V+1U WIW-FUB-RIS-K-7
Risk Management
P 45 h 90 h - - PL1 4.5 WiSe
  • About [WIW-FUB-RIS-K-7]: Title: "Risk Management"; Presence-Time: 45 h; Self-Study: 90 h

Examination achievement PL1

  • Form of examination: written exam (Klausur) (90 Min.)
  • Examination Frequency: each semester

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

This module focuses on the methods of probability-based risk measurement applied to equity price risk or credit risk. Furthermore, the risk quantification will be embedded in a concept of risk controlling.

Structure:

A. Risk Management and Risk Controlling as Part of the Corporate Management

  • Definition of Risk
  • Control Cycle of Risk Controlling
  • Risk Management Process
  • Legal Basics of Risk Management

B. Conceptual Basics of Quantitative Risk Controlling

  • Securing the Risk Bearing Ability
  • Measurement and Controlling of Risk Performance
  • Risk Measurement and Risk Controlling in Crisis Situation

C. Management of Selected Risk Areas

  • Limitation of Operational Risk
  • Management of Risk on Receivables and Credit Risk

The Case Studies are designed to allow students an intensive insight into the challenges of Risk Management. The main goal is to apply the content and the theories of the lecture as well as a critical reflection of the results.

Competencies / intended learning achievements

With the successful completion of the module students will be able to:
  • have an overview of the characteristics of different types of risk and to assess the specific problems associated with the quantification of risks as well as the usability of elected risk controlling instruments.
  • evaluate the connection between the risk potential and the risk taking capacity.
  • know the theoretical basics of risk quantification and to assess the different methods.
  • weigh the specific challenges of risk management in industrial enterprises and in the banking sector.

Literature

  • Albrecht, P./ Huggenberger, M.: Finanzrisikomanagement: Methoden zur Messung, Analyse und Steuerung finanzieller Risiken, Stuttgart 2015.
  • Dowd, K.: Beyond Value at Risk, The new science of risk management, Chichester 1998.
  • Jorion, P.: Value at Risk, The New Benchmark for Managing Financial Risk, 3. Aufl., New York 2007.
  • Lister, M.: Risikoadjustierte Ergebnismessung und Risikokapitalallokation, Diss. Universität Basel, Frankfurt am Main 1997.
  • Pearson, N. D. (Risk Budgeting, 2002): Risk Budgeting, Portfolio Problem Solving with Value-at-Risk, New York 2002.
  • Schierenbeck, H./Lister, M./Kirmße, S.: Ertragsorientiertes Bankenmanagement - Band 2: Risiko-Controlling und integrierte Rendite-/Risikosteuerung, 9., akt. u. überarb. Aufl., Wiesbaden 2008.
  • Wolke, T.: Risikomanagement, 3. Aufl., München 2015.
  • Wüst, K.: Risikomanagement: Eine Einführung mit Anwendungen in Excel, Konstanz 2014.

Materials

Olat Course with Lecture notes, Case Studies and additional information.

Requirements for attendance of the module (informal)

The successful participation at the module “Investment and Financing” is highly recommended.

Requirements for attendance of the module (formal)

None

References to Module / Module Number [WIW-FUB-RIS-M-7]

Course of Study Section Choice/Obligation
[MAT-88.B84-SG] M.Sc. Actuarial and Financial Mathematics [Core Modules (non specialised)] Financial Economics [WP] Compulsory Elective
Module-Pool Name
[WIW-FE-MPOOL-7] Field of Specialization: Financial Economics
[WIW-FUB-MPOOL-7] Field of Specialization: Finance and Banking Management