This master of frm, in Spain, can teach you some of the most important aspects that you need to understand in order to be an expert in this field. For example, the good understanding of Market Risk refers to the loss incurred due to the negative evolution in the price of a portfolio of assets and instruments. In this master we provide a complete introduction to the sources of market risks, the tools to measure such risks and the regulatory framework. We analyze the different sources that may lead to market risk (interest rates, equity commodities, foreign exchanges among others). Then we introduce the main tools to measure such risks (Value at Risk, Expected Shortfall, etc.) and discuss the failures of such measures and the alternatives proposed as well as the different methods that can be employed (parametric method, historical method and Monte Carlo simulation). We also analyze the rich literature on Market Risk Regulation and its implications for measuring and managing such risks. Particular emphasis is put on several alternatives to assess the quality of measurements, such as stress testing, back testing and scenario analysis. Another example is the subject based in Operational Risk. This consists on the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Due to the openness of the definition, Operational Risk includes many kids of risks such as legal, natural disasters, external and internal frauds, business disruptions and so on. In this course, the focus is on the main definitions and tools provided under the Guidelines for Operational Risk of the Basel Accords. Some topics that will be analyzed are the approaches proposed by Basel to risk measurement, loss data, model risk, stress testing and several others. We deliberately avoid the treatment of Technological Risks, Liquidity Risks and Enterprise Risk Management.
Specialize in the most employability FINANCIAL AREAS and access to the main INTERNATIONAL CERTIFICATIONS.
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Alcalá de Henares - Madrid