Contemporary Issues in Insurance
The module is structured around four key topics: an introduction to the basic principles of risk financing, a detailed examination of insurance theory, critical analysis of insurance -practice, and an examination of contemporary risk issues and the global insurance marketplace. Through consideration of contemporary examples, we will underline how insurance is utilised in real world situations in response to contemporary risk issues.
Financial Securities Analysis
The module aims to develop a critical awareness of the financial risks inherent in financial markets and analyse the products which are used to manage these risks. You will be able to carry out a comparative analysis of the different types of fund management, highlighting the advantages and disadvantages, be able to critically analyse the methods of asset pricing which are available and ultimately create and justify your selection of various investment portfolios.
Risk and Organisational Resilience
This module introduces you to key theoretical concepts and risk management processes and practices and the role these play in building organisational resilience. It will provide you with a thorough understanding of current thinking on risk management strategy, culture, and operations, while considering cutting edge risk issues.
Global Perspectives on Risk
This module will enable you to understand the concepts and context of international business and critically analyse a wide range of risks such as; managerial, cultural, political, ethical and economic which impact on these businesses. You will also evaluate a range of risk management strategies and tactics available to these international businesses in preparation for your future career.
Risk Analysis and Modelling
This module will equip the student with highly sought-after practical risk analysis and modelling skills to allow you to confidently assess, model and predict risk. You will develop real-world applicable skills and utility from an organisational perspective; with real data examples, you can model and calculate financial risk concerns such as credit/bankruptcy risk. In addition, you will be shown how to construct a non-financial risk model for assessing practical risk of any type of scenario, based on a qualitative assessment of risk.
Business Continuity and Crisis Management
The module will examine business continuity management (BCM) and crisis management in the context of a wider risk management strategy. Using the BCM lifecycle it will demonstrate how to undertake an analysis of the business environment, prepare analytical frameworks, implement BCM system and ensure that a process of regular monitoring, testing and exercising takes place. The importance of embedding BCM in organisational culture is discussed as a key element of this entire process. This module also examines the implementation of crisis management and communication strategies before and after a crisis event in order to mitigate or soften its impact.
Ethics, Governance and Responsible Leadership
By examining the private, public and social enterprise sectors, you will be equipped with a set of analytical tools and concepts to drive responsible decision-making, whilst highlighting the difference between compliance and ethically driven behaviours. You will gain a theoretical and practical understanding of real world issues, from a UK and global perspective, and learn from the PRME related principles and the Common Good attributes which are central to this module.
Applied Professional Practice
Following on from the knowledge you have gained in Ethics, Governance and Responsible Leadership and with a focus on self-reflection, in this module you will develop your professional competence by undertaking a professional engagement activity. The link between these two core modules reinforces the significance of ethical and responsible decision making and leadership within your future career.
Masters Research Project
The final element of the programme is the Masters Research Project which provides you with an opportunity to design and undertake a piece of original research. You will apply methods and theories that are commonly used within the field of risk management and with the support of internationally published literature demonstrate best practice in this field.MSc Risk Management Module Information