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Bank Risk Management Simulation

Enrollment in this course is by invitation only

About This Course

The introduction to risk management course provides the fundamentals to the management of risk, focussing on definitions and comprehension of risk, corporate governance and control, a framework to manage risk across the enterprise and operational risk. The course is exciting, merging theory and practical application. The course provides the foundation of knowledge, the principles of risk management, on which further studies such as investment management, banking risks and derivative instruments are built upon.

Since people are by nature risk averse, they have always found ways to manage risks. Entrepreneurs and shareholders accept the risk associated with a certain type of business to earn the reward associated with that particular type of business or industry. For example, a person investing in the construction industry will be aware that this industry is subjected to cyclical swings in demand, but that the return is generally higher than that of stable industries such as electricity supply or food.

Peter F Drucker observed that risk management may be as important as entrepreneurship and business acumen in propelling the economic growth of the Western world. He argues that society’s ability to manage unexpected events is probably one of the characteristics that most distinguishes the developed from the developing nations. Unexpected events happen to rich and poor nations but a society that is able to control and cushion against such events is better able to deploy its resources towards economic and social advancements.

Businesses are more aware of risk today. Many big companies in South Africa now have risk management departments. The reasons for this might be linked to the corporate objectives of survival, growth and maximising shareowner wealth. Also, risk and return are interrelated. Any reduction in the risk profile of an organisation following a deliberate risk management programme will result in a more efficient risk-return trade-off. Therefore, adopting a risk management programme is of itself consistent with the general reasons for the existence of a firm (Valsamakis et al., 2005).

Course Staff

Course Staff Image #1

Dr. Sune Ferreira

Dr Sune Ferreira-Schenk (Programme Leader for Risk Management on Vaal Campus Vanderbijlpark). Dr Sune did her PhD in Bank Risk management titled " Reputational risk in the South African banking sector". The study investigated whether bank customers will withdraw their funds from their bank if being exposed to operational risk and whether these operational events will cause reputational risk. She currently has 6 years teaching experience in Risk Management and have published over 30 articles in the field of bank risk management and the behaviour of financial markets and financial market participants.

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Dr. Mariette Geyser

Mariette Geyser obtained her doctorate degree in financial management at the University of Pretoria in 2002. She is the author of the book Long and short of derivative markets: SAFEX, grain hedging and speculation (also published in Afrikaans Kort en lank van termynmarkte: SAFEX, graanverskansing en spekulasie) and the co-author of the Standard Bank book Finance and Farm management. Mariette has a strong background in agricultural derivative trading, Agri-finance and risk management. She has lectured to agribusinesses and farmer groups on agricultural portfolio management as well as the SAFEX (agricultural derivatives) course. Mariette was a senior lecturer in financial management as well as Agricultural Economics to undergraduate and post-graduate students at the University of Pretoria and to the African Collaborative Masters Programme Group. Mariette is currently a senior lecturer in Risk management at the School of Economics of North West University.

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Johnny Jansen Van Rensburg

Johnny Jansen van Rensburg is a lecturer at North-West University (Vanderbijlpark Campus) focussing on investment management. He completed his Masters degree in 2018 in risk management during which time he was employed by NWK Limited as a senior risk officer. Johnny also holds a Post Graduate Diploma in management and is currently busy with his PhD in investment management.

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Course Staff Image #2

Johnny Jansen Van Rensburg

Johnny Jansen van Rensburg is a lecturer at North-West University (Vanderbijlpark Campus) focussing on investment management. He completed his Masters degree in 2018 in risk management during which time he was employed by NWK Limited as a senior risk officer. Johnny also holds a Post Graduate Diploma in management and is currently busy with his PhD in investment management.