Curricula Guides

Uusi opinto-opas (sisältäen myös opetusohjelmat) lukuvuodelle 2018-2019 sijaitsee osoitteessa . Tältä sivustolta löytyvät enää vanhat opinto-oppaat ja opetusohjelmat.

The new study guide (incl. teaching schedules) for academic year 2018-2019 can be found at This site contains only previous years' guides.

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Archived Curricula Guide 2013–2014
Curricula Guide is archieved. Please refer to current Curricula Guides
LT013027 LRS10 Financial Risk Management 4 ECTS
Organised by
Accounting and Finance
Person in charge
Tommi Sjöblom
Preceding studies
Completion of the course LR05 (or otherwise having equivalent knowledge) is an essence of the participation for this course.

Learning outcomes

Students will receive a thorough understanding of how theoretical risk management frameworks are applied in practice by risk managers operating in both the banking and corporate sector.


The course provides students with understanding on risk philosophy, loss prevention and preparation methodology and required capital buffers against risks. It also discusses the challenges with implementing a sound risk culture, and how risk management can be used as a support for business decision-making. In addition, emphasis will be on the concept of risk and how it is defined from a corporate viewpoint compared with a speculative one and how this affects the choice and structure of derivative hedging programs. Quantitative risk management tools taught include interest rate risk measurement and Value-at-Risk as well as Expected Shortfall applications. The exercises will be conducted using R software language.

Teaching methods

Teaching method Contact Online
Lectures 24 h 0 h

Lectures 24 h (Rauthovi, Sjöblom, Wahlroos) and exercises 12 h (Sjöblom, groups 1-2) in English.

Modes of study

Option 1
Available for:
  • Degree Programme Students
  • Other Students
  • Doctoral Students
  • Exchange Students
Written exam
  • In English
  • In English
Written exam and Exercise(s)


Numeric 0-5.

Recommended year of study

5th II

Study materials

Hull, John C., Risk Management and Financial Institutions. Boston, Prentice Hall 2006 or newer.

Further information

This course is offered every other year.

Belongs to following study modules

Department of Accounting and Finance
Turku School of Economics
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Department of Accounting and Finance
Accounting and Finance
Business Law
Quantitative Methods in Management