This course is introduced with the purpose to focus on the risks faced by the manager of a portfolio of financial assets. Such risks include credit, liquidity, interest rate, currency, and country risks. These risks frequently have lumpy and unpredictable haracteristics. Elements of unmeasurability often frustrate the empirical estimation of the potential impacts of such risks. The course will examine the various risk management techniques used by financial managers to address these problems, and the strengths and limitations of each of the techniques within an operational business setting.