“Not taking risks one doesn't understand is often the best form of risk management.”
What is MBA in Risk Management?
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events.
Risk management is a two-step process – determining what risks exist in an investment and then handling those risks in a way best-suited to your investment objectives.
Risk management occurs everywhere in the financial world. It occurs when an investor buys low-risk government bonds over more risky corporate debt, when a fund manager hedges their currency exposure with currency derivatives and when a bank performs a credit check on an individual before issuing them a personal line of credit
Responsibilities for Risk Management Professionals can fall under different titles as follows:-