Financial Risk Management (N1569)

15 credits, Level 6

Autumn teaching

You learn about a wide range of market risks including currency, interest rate, equity and commodity. You also look at credit risks. 

During the module, you learn to map portfolios to risk factors, compute risk metrics (value-at-risk, and credit value adjustments), and look at rudimentary model validation and stress testing.

Topics include: 

  • credit risk, credit derivatives and other mitigation
  • financial risks and hedging principles
  • hedging with forwards, futures and swaps
  • market risk, volatility and correlation.


67%: Lecture
33%: Seminar


40%: Coursework (Observation, Test)
60%: Examination (Unseen examination)

Contact hours and workload

This module is 150 hours of work. This breaks down into 33 hours of contact time and 117 hours of independent study.

This module is running in the academic year 2019/20. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.