Module · certificate and badge

Risk Management, a Sophron® course

Where the risk of a book really sits, and what to do about it before the bad day: the fall you have to sit through, the names that carry most of the risk, the bets nobody chose, and limits written down in time.

Get access with the Sophron® Passport Students: €15 a year with AIC Premium Already in? Open the module portal

Included in the Sophron® Passport (€25 a year) and AIC Premium (€15 a year), with every other module. Not sold on its own. Take it at any time.

7Lessons
6Tests
1Review to hand in
1Certificate

What you learn

From the wobble to the limit

Seven written lessons with a test each, closing with a concentration and drawdown review of a real book.

  1. 01Volatility, drawdown and permanent loss

    • Volatility measures the wobble, drawdown the fall
    • Why a deep fall needs a steeper climb back

  2. 02Concentration and correlation

    • Risk contribution, not only weight
    • How half the money can carry most of the risk

  3. 03Factor exposure

    • The bets a book makes without choosing them
    • Finding the factors behind the names

  4. 04Tail risk, liquidity and stress tests

    • Value at Risk and expected shortfall
    • Stress tests and what you can sell on a bad day

  5. 05Limits, stops and the call

    • A limit is only useful if it was written down first
    • Rating a proposal for risk in a way the desk can check

  6. 06The review and the report

    • Exercise: the concentration and drawdown review
    • The Risk Report of the cycle
Risk Management, a Sophron course
Seven written lessons with tests, and a risk review to hand in.

The course

A Sophron® course

Written by the Sophron® team from how the Risk Manager watches the book on the Analyst Program: the same limits, the same ratings and the same vote.

For the Risk Manager on the Analyst Program it is the seat course, taken meeting by meeting on the Journey; everyone else can take it on its own, in order.

The certificate

The Sophron® Certificate in Risk Management

The Sophron® Certificate in Risk Management, with the holder's name, date and credential ID The Risk Management certificate badge
The certificate, with a public verification linkThe badge on your Sophron® profile

Finish the course and hand in your review, and the Sophron® team signs off your certificate, with a public verification link and a badge on your profile.

  1. Finish every lesson and pass its test.
  2. Write the concentration and drawdown review of exercise RM1.6, one to two pages: concentration before and after the proposals, volatility and drawdown, the factor tilts, one stress test, a liquidity check, every name rated on the six lines, and a recommendation for each name.
  3. Request the certificate in the portal. The Sophron® team reads your review and signs it off, or tells you what to fix.

As Risk Manager on the Analyst Program you hand in nothing extra: pass every lesson, have your Risk Report signed off and meet the cycle’s attendance and pitch criteria, then request the certificate.

Get access

One membership, every module

The module comes with the Sophron® Passport and with AIC Premium, together with the Analyst Program and every other module.

The Sophron® Passport

€25 a year

The Analyst Program, the Quant Program once you are selected, five modules with their own certificate and badge (more to come), and the Options Course at the member price. Cancel any time.

See the Passport

AIC Premium

€15 a year

The same access for students, through the Amsterdam Investment Club.

AIC Premium

Already have access? Open Risk Management in the portal.