Human Resource Management

Risk Management for Non-Quants

Balancing risk and reward is the job of all asset managers. Unfortunately, they may not be successful and too often we read of hedge funds, banks and securities firms imploding; we have all heard of Barings, Long Term Capital Management and All First. As a result, international financial organizations led by the Bank for International Settlements (BIS) have recommended policies to minimize these occurrences and protect investors.

This program will alert participants to varieties of risk at portfolio and enterprise level, estimating its impact, and best practices for managing it.

This class is not aimed at financial engineers looking for hedging and trading strategies, but for those managers responsible for implementing risk systems or understanding the risk reports they are given. It is a pragmatic course aimed at practitioners who must deal with regulators, board members or senior management. It does not require advanced mathematical expertise, but relies on middle school algebra and basic statistical concepts.

Several cases will be examined and implications identified. Excel spreadsheets will be provided so that participants can review concepts demonstrated in class. All class notes, books and readings are provided, including a guide to additional sources (books, articles and websites).

Profile Building Team Hands School Project Over To Board

BETHLEHEM, N.H. -- After a year and a half of working to develop a proposal for building a new high school, the Profile School Building Team turned the project over to the school board Monday night.

Voters in the four-town school district will be asked to decide on the $12.6 million proposal during a special district meeting Nov. 15. A bond hearing has been scheduled for Oct. 12.

The regular school schedule is expected to remain in place during construction.

The proposal calls for renovation of the school's current middle school wing and construction of a new high school wing, for a total of 77,000 square feet. Should voters approve the bond in November, construction would begin in the spring.

Building team members said the proposal calls for a school that will serve the district for 50 years and accommodate the projected student population. The school is being designed based on an enrollment of 350 students in Grades 7-12.