Risk Management and Risk Appetite

The University of Auckland Business School
Auckland, New Zealand

Course Format: Classroom | E-learning | Virtual Class | Online/Live | On-site/In-house | Blended | Self-paced

Course Description:

'' Managing risk is a key part of running your business. Volatile prices in commodity and financial markets, shifts in strategic conditions (e.g. technology, demand and supply), human misconduct, operational disruptions, they all may impact the bottom line in an unexpected way. But this does not mean you cannot take any steps to minimize the negative impacts and to take advantage of the opportunities.

By attending this Short Course you will learn how to turn the uncertainties of future outcomes into a competitive advantage for your company: identify risk, measure its consequences, and balance the risk exposure against your company`s appetite for risk. You will become confident to manage the risk profile of practical business situations. Creating a risk focussed organization will become critical to successfully protect the company against downside losses and maximize upside returns relative to their risk. And this is short of a complete change of company culture.

Topics Covered
Fundamental to risk management is an understanding of what risk is about, what factors drive risk in specific situations, and what attitudes can be taken to manage risk. Risk will be looked at from both, a personal and a business perspective as they determine a company`s appetite for risk taking.

Practical business examples for financial, operational, and strategic risks are visited, and you will identify the relevant risk drivers and discuss their interactions.

Risks can only be managed when they are measured! Therefore, participants are asked to do some simple calculations of statistical ratios, such as mean values, standard deviations, and net present values. To meaningfully discuss concepts of managing risk vs. return, a basic understanding of management sciences and finance theory will be helpful.

The management process of identification, analysis, assessment, controlling, and mitigation of risks will be discussed in the context of concrete decision-making situations in financial services and manufacturing. Establishing a comprehensive, enterprise-wide chance/risk profile will provide the platform for reducing cost. Setting risk limits and allocating economic (risk) capital to line management and projects is the ultimate top-down decision to improve risk adjusted returns within the accepted risk tolerance.

Subsequent to prominent business failures in the financial service industry as well as in manufacturing the regulatory and compliance framework for the conduct of business ( OECD, SOX,Coporate Governance in New Zealand, Basel II) is sharpening up. It will be examined how this reflects on the responsibilities of members of the board and the organisation of risk management.

...''

Elements of this syllabus are subject to change.

Phone:0800 800 875

School Address/Venue(s):

The University of Auckland - Business School,
Graduate School of Enterprise.
Private Bag 92019, Auckland
New Zealand

Jobs & Resumes: Auckland
Houses & Roommates: Auckland
Travel Agencies: Auckland

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