Introduction to risk management concepts, primarily in financial institutions, but also in general. Mastering and developing skills in using a spreadsheet to calculate risk measures and interpret results. Insight into the practice of working in financial institutions through dialogue with visiting experts, external collaborators and visits to major financial institutions in the Republic of Croatia.
Introduction and definition of basic terms, calculation of risk measures on a computer, ISO31000 standard, value-at-risk, conditional value-at-risk, Monte Carlo simulations
1. Interpret risk measures based on the use of advanced spreadsheet functions
2. identify and differentiate key elements of risk
3. calculate and interpret individual risk measures
4. critically assess the benefits and drawbacks of individual risk measures
5. apply the concepts of the ISO31000 risk management standard.
