Curriculum

 

• Policies, methodologies and organisation of risk management

• Risk appetite

  • risk tolerance and risk acceptance

  • risk & reward ratio

• Market risk – Probability distribution curves

  • normal, log-normal & other distributions

  • skew, tail risk & one-time events

• Price volatility

  • different types of volatility (e.g. historical & implied)

  • calculate volatility & how to interpret outcomes

• Counterparty credit risk

  • external clearing and internal credit limits

  • collateralization & margining

• Liquidity risk

  • trading activity in markets (or the lack of it) & the consequences for market participants

• Alpha & Beta

  • capital asset pricing model of Markovich

  • market & company risk; systemic vs. non-systemic risk

• Analyzing & Modeling

  • modeling of (energy) asset-related businesses

  • fundamental, technical, statistical & psychological analysis

• Correlation & linear regression

  • statistical price relationships

  • Model risk, incl. normality & linearity+

• Value at Risk (VaR) – The concept

  • quantification of risk; risk metrics

probability distribution, time horizon & confidence