WHU – Otto Beisheim School of Management offers a new program for executives in the financial sector to develop their capabilities in managing risk and integrating risk management into business. The program will be delivered in close collaboration with Stockholm School of Economics IFL Executive Education (SSE IFL), with faculty and participants from all of Europe.
"As one of Europe’s best business schools we are very pleased with this cooperation with SSE IFL, the Nordic region’s leading player in Executive Education and one of Europe’s top suppliers of Executive Education,” says Professor Markus Rudolf, Dean of WHU. “Our participants will profit from both school’s expanding Executive Education alumni networks and will benefit from a truly international approach to risk management, with renowned researchers from both WHU’s and SSE’s excellent faculty contributing to the curriculum."
The program has been developed by Bo Becker, Professor of Finance at SSE and Garen Markarian, Professor of Financial Accounting at WHU, in close cooperation with WHU Executive Education. ”SSE IFL and WHU have a lot in common, both being small, independent business schools with out-standing research and top-rated education programs. Through cooperation we can benefit from the deep expertise and experience at both schools,” states Professor Becker. Faculty from both schools will be teaching in the program with modules delivered alternately in Sweden and Germany. “The program will present insights from the USA, Europe, and Asia, to provide participants with a global perspective on risk analysis,” says Professor Markarian.
The need for risk management is constantly growing as a result of increasing globalization, and laws and regulations in the financial sector that affect companies worldwide. “The amount of regulation, and its complexity, has increased enormously since the financial crisis of 2008-2009,” explains Professor Becker. As the need for risk management grows, so do the teams needed within companies to measure, report and take overall responsibility for risk. Their task is becoming more strategically significant, especially in financial companies, and more complex. Departments’ handling of risk is more and more carefully assessed, which in turn creates new challenges.
The WHU Executive Education/SSE IFL program is designed to meet these needs. It is based on real case examples, focuses on insights from day-to-day business which have practical relevance and treats risk management as a tool for creating value. “Participants will benefit from highly interactive sessions based on the school’s own research, case-based teaching and a very international flavor of the program,” states Rebecca Winkelmann, Managing Director Executive Education at WHU.