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MSc. Enterprise Risk Management

|Handbook|

OVERVIEW

Offered by The Mona School of Business and Management in conjunction with the Department of Mathematics, Faculty of Science and Technology, University of the West Indies, the MSc. ERM degree programme is designed to address the demand in the financial services and other industries for modern risk management talent. Risk professionals require a set of integrated skills in risk modelling and management of the risks associated with assets/liabilities of their business operations. The programme is designed to produce graduates proficient in contemporary risk analysis techniques and management practices to address complex risk issues.

The programme seeks to attract professionals seeking breadth in risk management. They will typically have backgrounds in a wide cross-section of industries such as the financial services (especially banking, insurance), consultancy, the non-financial sector as well as from the public sector. This is an important added value, which prepares the student for team work with members of diverse backgrounds.

The programme is intended to introduce students to the general framework of Enterprise Risk Management, analytical concepts, techniques and strategies. The sequence of courses will together produce a cadre of unique, employable individuals, responsive to the contemporary risk management challenges facing enterprises in the world and in particular, the Caribbean region.

The main aims of the MSc-ERM are to:

  • Introduce the basic concepts and techniques of quantitative risk management across an enterprise, as well as the business context in which such risk management takes place.
  • Provide a good grounding in risk management best practices.
  • Identify and measure risks; to take actions to mitigate risks and exploit opportunities.
  • Apply quantitative as well as qualitative approaches to risk management.
  • Familiarize students with computational techniques and risk management software.

Admission Criteria

Minimum GPA of 3.0 in a Bachelor’s degree (or equivalent from an overseas institution) in a quantitative discipline.

Preference will be given to those with 3 years relevant work experience.

 

Programme Structure

Core Courses

RISK CATEGORIZATION & IDENTIFICATION
TIME SERIES ANALYSIS
STOCHASTIC CALCULUS
QUANTITATIVE ANALYSIS OF FINANCIAL DATA
RISK MANAGEMENT & OPTIMIZATION
CREDIT RISK MANAGEMENT & MODELLING
ERM CONCEPT, FRAMEWORK & PROCESS
RISK MANAGEMENT IN THE BUSINESS ENTERPRISE
ECONOMICS OF ENTERPRISE RISK MANAGEMENT
CORPORATE FINANCE
FINANCIAL MARKETS
ENTERPRISE RISK MANAGEMENT GOVERNANCE
LEGAL AND REGULATORY FRAMEWORK FOR ENTERPRISE RISK MANAGEMENT
ERM IN THE GLOBAL BUSINESS ENVIRONMENT
ENTERPRISE RISK MANAGEMENT INTEGRATIVE MODULE (Leading Issues in ERM: A Project-Based Approach)

Foundation Courses

MATHEMATICS FOR ERM
STATISTICAL METHODS
COMPUTER BUSINESS APPLICATIONS

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