Conclusions

The current stage of development of the international financial community raises the problem of risk management as one of the highest priorities. Moreover, it can be said with good reason that in the increasingly complex and interdependent world of financial markets and products, only those organizations that can control their risks and manage them effectively have a chance of success. Risk management is necessary for employees of treasuries, portfolio managers, risk managers and managers. Today, special attention is paid to the task of managing consolidated financial risk, which is explained by a number of serious changes that have occurred in the world financial markets over the past five to ten years.

All financial risks can be conditionally divided into a number of exhaustive groups:

· Market risks;

· Credit risks;

· Liquidity risks;

· Operational risks.

In our opinion, it would be wrong to reduce the process of minimizing risks only to the problem of choosing one or several financial instruments, such as insurance, hedging or redundancy.

In our opinion, the main means of minimizing the risk should be the development and implementation of a clear and effective risk management system in the activities of companies, i.e. Risk management. Only with this approach to solving this problem can we talk about its integrated solution, and not about saving individual enterprises and situations.

This approach is demonstrated in this paper. We have tried to focus on determining the nature of financial risks, their classification according to the inherent characteristics of each group, the analysis of systems and methods for risk assessment, as well as characterization of principles and approaches to their management. Let us touch upon the most significant moments of the work and note brief conclusions on it.

To date, there is no unambiguous interpretation of the notion of risk. This is due to the multifaceted nature and complexity of this phenomenon. In the context of this paper, the most complete and clear is the definition of risk as the possibility of losing part of its assets, shortfalls in income or the emergence of additional costs as a result of entrepreneurial activities, which corresponds to the notion of pure uncertainty.

The diversity in the entrepreneurial activity of factors influencing the decision making allows us to speak of a close relationship of risk with such concepts as uncertainty and the probability of occurrence of an event. Two of these concepts reveal the essence of risk and underlie the methods of its evaluation and management.

In addition, the economic essence of risk is reflected in the functions inherent in this phenomenon. Currently, it is customary to allocate 2 functions: regulating and protective.

The modern economy is filled with a wide variety of risks. To effectively manage them, you need to highlight the characteristics of each species and create a classification system. In this thesis, one of these classifications is presented, which in our opinion is the most convenient, complete and universal.

From this classification it can be seen that financial risks occupy a special place, since this is the only species that belongs to the group of speculative risks. In turn, financial risks are also subject to classification. It is customary to identify 4 main types of financial risks: market, credit, operational and liquidity risks. The peculiarities of each kind result from the peculiarities of management methods.

Risk management has one fundamental goal - minimizing the negative impact of financial risks. Such minimization can not be carried out by any one instrument. An effective process of minimizing risks requires the establishment of a risk management system within the company.

At the same time, as the results of the analysis show, the enterprise has sufficient reserves to significantly improve its financial position. To do this, it should more fully and intensively use the production potential of the enterprise, accelerate the turnover of capital through intensification of production and reduction of accounts receivable.

For more effective development of the company JSC "ForteBank" is recommended to constantly monitor the order of the timing of financing of assets, choosing one of several existing in practice methods; Periodically carry out an analysis of the structure of production costs, making a comparison with various kinds of baseline data and to study the nature of the deviations from them; Should choose the right basis for the allocation of indirect costs to the cost of sales.

Therefore, one of the tasks of the company's management is the transition to financial management based on an analysis of the financial and economic situation, taking into account the setting of strategic objectives of the enterprise's activities, adequate to market conditions, and searching for ways to achieve them.

The proposed project in the third part of the thesis project to improve the current financial policy of the enterprise and improve the quality of enterprise risk management allowed to fully realize the goal and the assigned tasks. The conducted analysis of economic risks revealed weak directions in the sale of products. The assessment of the total financial risk by means of an assessment of the operational and financial leverage has shown the limits of variation in sales volumes that can have a painless effect on the financial result.