Durée
36h Th
Nombre de crédits
| Executive Master International MBA (non organisé en 2025-2026) | 5 crédits | |||
| Executive Master in Private Equity and Other Alternative Asset Classes | 5 crédits |
Enseignant
Langue(s) de l'unité d'enseignement
Langue anglaise
Organisation et évaluation
Enseignement durant l'année complète
Horaire
Unités d'enseignement prérequises et corequises
Les unités prérequises ou corequises sont présentées au sein de chaque programme
Contenus de l'unité d'enseignement
Day 1 (18 :30-21 :30): Introduction and quick refresher on quantitative analysis
Day 2 (18 :30-21 :30): Capital markets - assets and derivatives Part 1/3
Day 3 (18 :30-21 :30): Capital markets - assets and derivatives Part 2/3
Day 4 (18 :30-21 :30): Capital markets - assets and derivatives Part 3/3
Day 5 (18 :30-21 :30): Valuation and risk models - introduction to risk (VAR, CVAR, tracking error risk budgeting, etc.)
Day 6 (18 :30-21 :30): Valuation and risk models -Practice and limitations
Day 7 (18 :30-21 :30): Mid-term exam, Credit Risk
Day 8 (18 :30-21 :30): Operational and integrated risk management Part 1/2
Day 9 (18 :30-21 :30): Operational and integrated risk management Part 2/2
Day 10 (18 :30-21 :30): Portfolio risk management and Hedge Fund risk management
Day 11 (18 :30-21 :30): Main lessons of financial crisis for risk managers and recent developments
Day 12 (18 :30-21 :30): Final exam
Acquis d'apprentissage (objectifs d'apprentissage) de l'unité d'enseignement
Upon successful completion of this course, participants will be able :
? Understand the types of financial risk various institutional market participants are facing
? Measure and evaluate risk
? Propose effective risk management techniques
? Appreciate relevant international regulations such as Basel I-III in their historical development as well as most recent modifications aiming to prevent further financial crises
? Discuss the rapidly growing relevance of Environmental, Social and Governance (ESG) - related risk factors
Savoirs et compétences prérequis
Activités d'apprentissage prévues et méthodes d'enseignement
Interactive lectures and exercises.
Mode d'enseignement (présentiel, à distance, hybride)
Cours donné exclusivement en présentiel
Informations complémentaires:
In-class interactive lectures and exercises.
Supports de cours, lectures obligatoires ou recommandées
Autre(s) site(s) utilisé(s) pour les supports de cours
- Moodle HEC Executive (https://exed.hec.uliege.be/)
Informations complémentaires:
Obligatory :
Class notes presented on Power Point
Faculty will present supplemental readings throughout the course
Text book: Financial Risk Manager Handbook by Ph. Jorion
Recommended :
Financial press (eg: Financial Times, Wall Street Journal, The Economist, etc.)
News providers (eg: Reuters, Bloomberg, Yahoo Finance, etc.)
The Institute of Risk Management (http://www.theirm.org), The Global
Association of Risk Professionals (http://garp.org), The Professional
Risk Managers' Association (http://prmia.org) offer valuable information for participants to consult.
The grades will be made available online on Moodle.
Modalités d'évaluation et critères
Examen(s) en session
Toutes sessions confondues
- En présentiel
évaluation orale
Informations complémentaires:
? Understanding of the concepts and their application through Class Participation and assignments (20%),
? In-class Mid-term Exam (40%),
? In-class Final Exam (40%).
Stage(s)
Remarques organisationnelles et modifications principales apportées au cours
Contacts
Référents du cours :
Guy Ertz / Marcin Stamirowsky