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Risk Management for Financial Institutions

Will you attack the risks? A real-life view on Risk Management
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How can you quantify risk and what is the impact of blockchain

This minor highlights risk issues from different perspectives, such as quantitative methods and techniques, human behaviour, financial markets and supervision, and technological innovation. You will gain insights in how financial institutions work and analyse their business models and risk issues. Besides quantitative analysis, the minor emphasises the importance of a holistic view including behavioral finance. Finally, the risks of new developments will be discussed. What is the impact of new financial technologies, such as Big Data/machine learning and blockchain, and how can you mitigate cybercrime.

Skills for the job market

Risk management is an important issue for financial institutions, and is receiving more attention lately. In the financial world, there is an increasing need for academics with knowledge of risk management. They are needed for the relevant quantitative methods, and also for insights into new (technical) developments. With this minor, you generate knowledge in these areas and you develop skills that are useful within financial institutions. The minor forms a good start for a career within a financial institution and is always a good basis for other positions.

Risk Management in Banking
You will learn the fundamentals of banking and the working of banks in the financial markets. What are the risks where the banks have to deal with? How can you identify, monitor and report the different risk types using quantitative analysis? We will discuss credit risk, market risk, operational risk, interest rate risk and liquidity risk.

Risk Management in Financial Institutions
You will learn the fundamentals of Financial Institutions (Insurance companies, Asset Managers and Pension Funds), and the working of these institutions in the financial markets. What are the risks these institutions have to deal with? What quantitative methods are used analysing the risks? We will discuss how you can calculate the solvency of financial institutions and how you can stress these calculations. This course will be supported by Deloitte experts.

Behavioral Risk Finance and Real Estate
The goal of this course is to provide an overview of behavioral finance with insights from psychology and other behavioral sciences. It explains the main biases from rationality in human choice and shows how these behavioral insights can help to understand the dynamics of financial markets.

New developments in Risk Management
This course has the objective to acquire knowledge in new developments in the financial sector and how this impacts the risk of financial institutions. Examples are blockchain, cybercrime, forensics, Big Data, machine learning and crisis management. This course will be supported by Deloitte experts.

A Big Risk Experience
This is the practical course in the minor. The objective is to experience a practical risk management case study. Depending on the availability we will have some real risk management case studies in Financial Institutions. In a group of students you will be working on a case study regarding risk management. Your group will write a report and give a presentation.

For specific information about each course, please visit our study guide.

Admission
There is no formal entrance requirement for the minor RMFI except for vwo Wiskunde A (or B). A basic course in quantitative methods and/or statistics is recommended however.

Registration

VU students: You can register for the courses of the minor via VUnet from 20 July onwards.
Other students: you can register as a secondary course student (bijvak) via register.vu.nl. More information about this procedure can be found on this website in Dutch or in English.

If you have detailed questions about the contents of the programme, please contact:

Deloitte risk management contact foto

Michiel Hopman

m.j.hopman@vu.nl

06-22905080

Samenvatting Risk Management for Financial Institutions

Taal

Engels

Duur

1 semester (30 EC)

StartDatum

1 september

Interessegebied

Economie, Recht en Bestuur
Gedrag en Maatschappij
Informatica, Wiskunde en Bedrijf
Natuurwetenschappen

Faculteit

School of Business and Economics

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