Risk Management Division
In the Risk Management department, we deal with the range of financial and market risks that affect companies and are managed by Treasury. It is also important for us to keep an eye on current topics as well as technological developments and trends. These include, for example, digital innovations in risk management or the introduction of insurance management into treasury.
We also emphasise the analysis of risk structures and processes as well as technical and accounting mapping. Particularly in the area of regulation, we contribute practical aspects from Corporate Treasury to regulatory and political discussions.
The Risk Department is made up of experienced treasurers and risk managers as well as specialists from consulting practice and the banking sector. We have set ourselves the goal of preparing knowledge and information in various formats for our members.
Member of the Presidium
Carsten Linker
As treasurers, we feel the pulse of the company, because liquidity keeps it alive. Managing risks in cash, FX and other financial risk factors is more than an essential value contribution.
Carsten Linker has headed the Risk Management department as a member of the Executive Committee since 27 October 2022. He previously headed the department as the responsible member of the Executive Board from 1 September 2014 to 27 October 2022.
Our topics
| Framework & Governance | Process & Operations | Digitalisation and IT | Insurances | Regulation & Representation of interests |
|---|---|---|---|---|
|
Organisational structure and guidelines
Process organisation and processes (e.g. trading processes)
Scope and delimitation of risk management
Risk strategy and concepts |
Identification of risk factors
Risk assessment using value at risk, stress test and sensitivity analysis
Risk management with a professional hedging strategy
Risk reporting with the help of KPIs and performance measurement
Accounting and hedge accounting |
System support/TMS
Automation
New technologies (artificial intelligence, predictive analytics or big data)
Consideration of "use cases" in risk management |
Risk mitigation through insurance
Approaches to integration into the treasury |
European Market Infrastructure Regulation (EMIR)
Markets in Financial Instruments Directive (MiFID)
Capital Requirements Directive (CRD IV)
Market Abuse Directive (MAD) & Market Abuse Regulation (MAR)
Exchange with authorities (BaFin & ESMA) |
Our working groups
Insurance in Treasury
By focussing on trade credit insurance, the working group also took a closer look at the general allocation of insurance to treasury. The way in which insurance works as a means of risk mitigation within treasury will be examined further.
Digitalisation of the risk management process
The evolutionary stages of digitalisation in the risk management process are presented in a series and illustrated using practical examples.
Expert exchange FX risks
Discussion of selected state-of-the-art risk approaches.
Online event "Country series"
In the continuation of the country series, we will look at Eastern Europe and analyse both the economic development and the challenges faced by companies. The focus will be on reports from local treasuries.
Revision of publications on financial risk management
Revision and updating of the guidelines and best practice notes on overall financial risk management.
Interest groups
We are in regular dialogue with stakeholders on various treasury topics, such as financing, market price developments and regulation. This dialogue is intended to promote mutual understanding and is conducted in a trusting and open communication environment.
Regulation
Corporate Treasury must regularly face (new) regulatory challenges with far-reaching implications. The working group deals with relevant and current topics of financial market regulation and also engages in dialogue with other stakeholders.
Presence event
Structuring and planning of specialised conferences on financial risk management.
Members
| Surname | First name | The company |
|---|---|---|
| Albers | Stephan | HRS Group |
| Farmer | Günther | |
| Bohn | Torsten | Wacker Chemie AG |
| Fiebig | Christopher | EWE Aktiengesellschaft |
| Gmach | Matthias | |
| Cock | Sebastian | OXG Glasfaser GmbH |
| Hatred | Steffen | Deloitte GmbH auditing company |
| Kretschmar | Jens | PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft |
| Küstner | Kai-Uwe | DOEHLER Group SE |
| Lime tree | Volker | Deloitte GmbH auditing company |
| Mietzner | Martin | Carl Zeiss Financial Services GmbH |
| Pfeiffer | Thomas | Deutsche Bahn AG |
| Plein | Stephan | |
| Rihm | Lisa | AUTODOC SE |
| Reeds | Nico | PUMA SE |
| Swordsman | Sabine | Fresenius SE & Co. KGaA |
| Spieker | Alexander | SPIEKER INTERIM MANAGEMENT |
| Tack | Marie | Biesterfeld AG |
| Westrup-Alfermann | Verena | CLAAS KGaA mbH |