This course, Understanding and managing risk, provides an introduction to financial risk management. The processes of risk identification, risk measurement and risk management are explored. The course then goes on to examine reputational risk and operational risk. It concludes with an examination of the subject of behavioural finance and what this can contribute to our understanding of risk taking and risk management.

Course learning outcomes

After studying this course, you should be able to:

- demonstrate knowledge of the range of financial and financial related risks facing organisations

- understand the approach to risk management through risk identification, risk measurement and risk management (or mitigation)

- understand reputational risk

- understand operational risk and how to manage it.