This module is not currently running in 2021 to 2022.
This is a core module for the MSc in Finance, Investment and Risk. The module’s focus is on managing financial risk. It initially introduces the concepts of Enterprise Risk Management as well as risk assessment and strategies in an organisation. The modules will concentrate on the fundamental concepts and issues in identifying, measuring and controlling risk in a financial setting and the tools and techniques to measure and manage financial risk.
Syllabus: ERM concept and risk frameworks in regulatory environments, role of credit agencies; ERM process; financial services industry and risk of financial intermediation; risk categories and classification; risk management tools and techniques; measuring risk; managing risk.
72 hours of lectures and classes
Christoffersen, Peter F., 2012, Elements of Financial Risk Management 2nd Edition, Oxford: Academic Press.
Hull, John C., 2012, Risk Management and Financial Institutions 3rd Edition, Wiley Finance.
Hull, John C., 2010, Options, Futures, and other Derivatives 8th Edition, Pearson/Prentice Hall, and accompanying Student Solutions Manual.
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes. On successful completion of the module, students will be able to:
a) Demonstrate in-depth knowledge and understanding of complex techniques used in risk management in financial institutions.
b) Demonstrate an ability to select and apply a range of risk management techniques in various contexts.
c) Demonstrate knowledge and understanding of complex current issues in Risk Management in the context of current professional practice.
d) Demonstrate a high level of understanding of the main body of knowledge for the module.
e) Apply a range of concepts, principles of Risk Management in various contexts.
f) Understand the current practical applications of the module material.
The intended generic learning outcomes. On successful completion of the module, students will be able to:
a) Argue logically.
b) Work with relatively little guidance.
c) Solve high-level problems, relating to qualitative information, exercise self-direction and originality of thought.
d) Communicate clearly, orally and in writing, to both specialist and non-specialist audiences. Using the appropriate information technology.
e) Exercise sound judgement.
f) Exercise effective time-management and organisational skills, as evidenced by the ability to plan and implement efficient and effective modes of working, and to act autonomously.
g) Exercise study skills needed for continuing professional development.
h) Make decisions in complex situations.
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