Financial Risk Management is a field that focuses on analyzing, evaluating, and managing risks facing financial and non-financial institutions. This major aims to provide students with the skills and knowledge necessary to identify financial risks, develop strategies to mitigate them, and achieve long-term financial stability. Here’s a comprehensive look at the key aspects of the financial risk discipline:

Financial risk basics:

• Understand the basic concepts of financial risk and its importance in financial management.
• Studying different types of financial risks such as market risks, credit risks, liquidity risks, and operational risks.

Financial risk analysis:

• Learn how to identify and evaluate financial risks using analytical tools and techniques.
• Use financial models to estimate and evaluate potential risks.

Market risk management:

• Understand how to analyze and manage risks resulting from financial market fluctuations.
• Study hedging instruments such as futures, options and financial derivatives.

Credit risk management:

• Learn how to assess credit risk and manage debt exposure.
• Use credit evaluation models and creditworthiness analysis.

Liquidity risk management:

• Understand how to analyze and manage risks related to financial liquidity.
• Develop strategies to ensure the availability of liquidity necessary to meet financial obligations.

Operational risk management:

• Study how to identify, evaluate and manage operational risks that may affect daily operations.
• Develop emergency plans and crisis response procedures.

Financial planning and risk management:

• Develop financial planning skills to anticipate and manage financial risks effectively.
• Using financial planning techniques to improve the financial stability of the organization.

Technology and financial risk management:

• Using financial technology (Fintech) to analyze and manage financial risks.
• Study the impact of technology on financial risk management tools and methods.

Financial regulations and legislation:

• Understand the laws and regulations governing financial risk management.
• Study how to comply with legal and regulatory requirements in risk management.

Hedging strategies:

• Learn how to use hedging strategies to protect organizations from financial losses.
• Study hedging instruments such as futures, financial derivatives and options.

Data analysis and risk management:

• Using Big Data analysis tools to identify and analyze financial risks.
• Applying machine learning and statistical modeling techniques to improve risk management.

Risk management ethics:

• Understand the ethical issues related to managing financial risks and making responsible financial decisions.
• Develop strategies to enhance transparency and integrity in risk management.

Internal audit and review:

• Study the role of auditing and internal review in assessing and managing financial risks.
• Develop skills in preparing audit reports and providing recommendations for improvement.

International risk management:

• Understand how to manage financial risks in international markets.
• Study the impact of economic, political and cultural factors on global risk management.

Practical training and applied projects:

• Obtain practical experience through training in financial institutions and companies.
• Apply theoretical knowledge in real business environments to develop effective financial risk management solutions.

The Financial Risk specialization provides broad job opportunities in multiple fields such as banks, investment companies, insurance companies, government institutions, and consulting companies. This major contributes to providing students with the skills necessary to effectively identify, evaluate and manage financial risks, which helps organizations achieve long-term financial stability and adapt to a dynamic and changing business environment.