Financial Markets & Financial Risk Management
Faculty On this module you will learn from and interact with a range of academic and practitioners which includes: Arie Gozluklu, Associate Professor at WBS, whose work focuses on asset pricing and financial markets as well as international finance as well as Professor Phillippe Mueller of Warwick Business School, and Konstantina Drakouli, Head of Risk, Fixed Income at the Jefferies Group and formerly of Citigroup, Barclays Capital and UBS. Module structure ■ The module lasts for 17 weeks and culminates in an assessment ■ Module materials are organised into 10 lessons – each lasting one week ■ You can expect to spend around 11 hours studying per lesson ■ Lessons include reading materials, video interviews, discussion points, reflection activities ■ There are four wbsLive online sessions with your tutor.
Module overview In this module you will cover the fundamental concepts of international finance, emphasising the operation of the spot and derivative securities in international markets. The module considers the management of foreign exchange risk for multinationals and studies financial instruments as well as regulatory aspects. The module covers international banking and the stability of global financial system. The module also covers financial risk management in banks and insurers. The module introduces the necessary tools to managed the main risk categories such as, market or credit risk. As well as highlighting important commonalities and differences in risks and risk management frameworks between the banking and insurance sector.
Who would benefit from this module? This module would benefit those working in central banks as well as investment banks and rating agencies as well as those working as Asset Managers and Reserves Managers who need to gain an understanding of how it is derived and implemented as well as its effects.
Key benefits ■ Gain a fundamental understanding of international markets
■ Understand similarities and differences between the banking and insurance sectors ■ Understand the similarities and differences in risk management frameworks ■ Gain a Postgraduate Award upon successful completion.
Key topics covered During this module, you will cover the following.
Topics
Measuring VaR and expected shortfall
Measuring economic capital for market risk assessment
Historical simulation of VaR and expected shortfall Foreign exchange risk for multinational firms (strategies and instruments) Economic and regulatory capital planning for banks and insurers
Controlling market risk through asset and liability management (ALM)
Market risk including interest rate risk, equity risk, foreign exchange risk
International investment (speculative strategies, country risk, cross-listing)
International banking (wholesale banking, banking crises, regulatory capital)
Key info
Please note that this is not an exhaustive list and we recommend you contact us for a more detailed discussion.
■ The module will run between February 2022 and June 2022. ■ This module features a two-week induction period prior to starting.
Class profile*
2 Nationalities represented
35 Average age of participants
80/20 % male/ female split
11 Average years’ work experience
*February 2021 Postgraduate Award intake.
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wbs.ac.uk/go/banking
wbs.ac.uk/go/banking
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