Financial Risk Management
Financial risk is a subfield of the broader field of risk management.
One approach to defining financial risk management is in terms of organizations, to say that financial risk management concerns itself with the risk of financial institutions. This is often the definition preferred by regulators.
Another way to define financial risk management would be in terms of financial instruments. Defined this way, any risk arising from the use of financial instruments is within the scope of financial risk management, whether the parties involved are financial institutions or not. This is the definition preferred by many practitioners.
Financial risk management is often further divided into market risk, credit risk, liquidity risk, operational risk, and enterprise risk management.