This subject provides an overview of financial risks and highlights the importance of risk management in the current financial marketplace. It introduces different types of financial and non-financial risk, including market risk, interest rate risk, credit risk, liquidity risk, operational risk, compliance and conduct risk. This subject also discusses and analyses the lessons learnt from the most prominent financial disasters of the past thirty years. With the use of case studies, students explore the drivers and consequences of types of financial and non-financial risk, analyse common models used to measure and assess these risks, and discuss possible risk management measures and strategies. For more information, please refer to subject outline.