Risk Management Department
In the Risk Management department, we deal with the full range of financial and market risks that affect companies and are managed by the Treasury department. Furthermore, it is important for us to keep abreast of current issues, as well as technological developments and trends. These include, for example, digital innovations in risk management and the integration of insurance management into the Treasury department.
In addition, we place great importance on analysing risk structures and processes, as well as their technical and accounting treatment. Particularly in the area of regulation, we contribute practical insights from corporate treasury to regulatory and policy discussions.
The Risk Department comprises both long-serving treasurers and risk managers, as well as specialists from the consultancy sector and the banking industry. We have set ourselves the aim of presenting knowledge and information in a variety of formats for our members.
Member of the Executive Committee
Carsten Linker
As treasurers, we have our finger on the pulse of the company, because liquidity is what keeps it alive. Managing risks relating to cash, foreign exchange and other financial factors is more than just an essential contribution to the business.
Carsten Linker has been heading the Risk Management division as a member of the Executive Board since 27 October 2022. Prior to this, he headed the division as the responsible board member from 1 September 2014 to 27 October 2022.
Our topics
| Framework & Governance | Process & Operations | Digitalisation and IT | Insurance | Regulation & Advocacy |
|---|---|---|---|---|
|
Organisational structure and guidelines
Workflow organisation and processes (e.g. trading processes)
Scope and Definition of Risk Management
Risk Strategy and Approaches |
Identification of risk factors
Risk assessment using Value at Risk, stress testing and sensitivity analysis
Risk management using a professional hedging strategy
Risk reporting using KPIs and performance measurement
Financial Reporting and Hedge Accounting |
System Support/TMS
Automation
New technologies (artificial intelligence, predictive analytics or big data)
An examination of ‘use cases’ in risk management |
Risk mitigation through insurance
Approaches to integration into the treasury function |
European Market Infrastructure Regulation (EMIR)
Markets in Financial Instruments Directive (MiFID)
Capital Requirements Directive (CRD IV)
Market Abuse Directive (MAD) & Market Abuse Regulation (MAR)
Communication with regulatory authorities (BaFin & ESMA) |
Our working groups
Insurance in Treasury
Through its examination of trade credit insurance, the working group has also taken a closer look at the general categorisation of insurance within the treasury function. The ways in which insurance functions as a means of risk mitigation within the treasury will be examined in further detail.
Digitisation of the risk management process
This series examines the evolutionary stages of digitalisation within the risk management process and illustrates them using practical examples.
Expert discussion on FX risks
Discussion of selected state-of-the-art risk approaches.
Online event: ‘Country Series’
As we continue our series on different countries, we will be turning our attention to Eastern Europe, examining both economic development and the challenges facing businesses. The focus will be on first-hand accounts from treasury departments in the region.
Revision of publications on financial risk management
Revision and updating of the guidelines and best-practice recommendations on financial risk management as a whole.
Interest groups
We engage in regular dialogue with stakeholders on various treasury matters, such as financing, market price trends and regulatory issues. This dialogue is intended to foster mutual understanding and takes place in an atmosphere of trust and open communication.
Regulation
Corporate Treasury must regularly address (new) regulatory challenges with far-reaching implications. The working group focuses on relevant and current issues in financial market regulation and also engages in dialogue with other stakeholders on these matters.
Face-to-face event
Organising and planning themed conferences on financial risk management.
Members
| Surname | First name | Company |
|---|---|---|
| Albers | Stephan | HRS Group |
| Farmer | Günther | |
| Bean | Torsten | Wacker Chemie AG |
| Fiebig | Christoph | EWE Aktiengesellschaft |
| Gmach | Matthias | |
| Cock | Sebastian | OXG Glasfaser GmbH |
| Hatred | Steffen | Deloitte GmbH Wirtschaftsprüfungsgesellschaft |
| Kretschmar | Jens | PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft |
| Küstner | Kai-Uwe | DOEHLER Group SE |
| Linden | Volker | Deloitte GmbH Wirtschaftsprüfungsgesellschaft |
| Mietzner | Martin | Carl Zeiss Financial Services GmbH |
| Pfeiffer | Thomas | Deutsche Bahn AG |
| Plein | Stephan | |
| Rihm | Lisa | AUTODOC SE |
| Reed bed | Nico | PUMA SE |
| Schwertner | Sabine | Fresenius SE & Co. KGaA |
| Spieker | Alexander | SPIEKER INTERIM MANAGEMENT |
| Cheers | Marie | Biesterfeld AG |
| Westrup-Alfermann | Verena | CLAAS KGaA mbH |