So today, the hallmark of a good risk manager is not just having the statistical skills required for risk assessment – a comprehensive knowledge of pricing and hedging financial instruments is equally important.
Intrinsic Value's training seminars in mathematical foundations of risk management include mathematical and statistical methods. However, we do recognize that many participants will not have degrees in mathematics, physics or other quantitative disciplines. So, Intrinsic Value's training seminars in mathematical foundations of risk management in that area are aimed at participants having no quantitative background at all. they introduce and explain all the mathematics and statistics that are essential for financial risk management. Every seminar is presented in a pedagogical manner, with associated Excel spreadsheets explaining the numerous practical examples.
Training Seminars in Mathematical Foundations of Risk Measurement
Financial risks cannot be properly managed unless they are quantified. And the assessment of risk requires mathematics. During the last decade value-at-risk (VaR) has become the ubiquitous tool for risk capital estimation. To understand a VaR model, risk managers require knowledge of probability distributions,simulation methods and a host of other mathematical and statistical techniques.
Even if not directly responsible for designing and coding a risk capital model, middle office risk managers must understand the Market VaR, Credit VaR and Operational VaR models sufficiently well to be competent to assess them. The middle office risk manager’s responsibility has expanded to include the independent validation of trader’s models, as well as risk capital assessment. And the role of risk management in thefront office itself has expanded, with the need to hedge increasingly complex options portfolios.