Abstract
The excitement around the financial risks of corporations is growing. In these circumstances, companies of all types and sizes want to have a reliable financial risk management system that would comply with legal requirements, contribute to making more effective decisions and improve the efficiency of work. Financial risk management specialists work with financial institutions and other corporate clients to achieve these goals. Banks and financial institutions are traditionally engaged in financial risk management, but due to the nature of these activities, institutions are subject to various shares of market, credit, operational risks, as well as liquidity risk, which, if properly managed, can bring significant profits or, conversely, if poorly managed, can lead to the bankruptcy of a bank or financial institution.
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