ACC40690 Risk Management Systems

Academic Year 2023/2024

This module focus on two main areas: identifying the risks faced by an organization and exploring strategies to manage and control these risks. First, the module addresses broader risk management strategies, which include the identification of risks and the establishment and monitoring of effective internal control systems. Second, the focus shifts to financial risks, encompassing the assessment and management of various risks such as market risk, credit risk, operational risk, integrated risk, liquidity risk, and others.

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Curricular information is subject to change

Learning Outcomes:

Upon completion of this module participants should be able to

• Evaluate types of risk facing an organization and critically discuss ways of identifying, measuring and assessing the types of risk being faced and recommend appropriate responses;
• Explore the use of fundamental types of financial risk management instruments by firms and financial institutions and to critically discuss their purposes and relative importance;
• Evaluate risks in investment projects and changing capital structures in firms and recommend solutions for the financial risk of international operations.
• Apply a practical approach to implementing these instruments and models for valuation, risk management and financial engineering.

Indicative Module Content:

In particular, the module analyses the following:

• Operation and features of the instruments for managing interest rate risk;
• Operation and features of the instruments for managing currency risk;
• Theory and forecasting of exchange rates;
• Yield Curve Construction and Bond Mathematics;
• Value at Risk (VaR) and Conditional Value at Risk (Expected Shortfall);
• Principles of valuation of financial instruments for management and financial reporting purposes (IAS 39) and Basle III requirements.

Student Effort Type Hours
Lectures

24

Specified Learning Activities

60

Autonomous Student Learning

74

Total

158

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Assignment: Individual Assignments Throughout the Trimester n/a Graded Yes

30

Examination: End of Trimester Examination 2 hour End of Trimester Exam No Graded Yes

30

Group Project: Case Study Varies over the Trimester n/a Graded Yes

30

Attendance: Class Participation Throughout the Trimester n/a Graded No

10


Carry forward of passed components
No
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Not yet recorded.

Fundamentals of Futures and Options Markets (Global 8th Edition) by Hull, John C., Pearson
Spring
     
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 29, 30, 31, 32, 33 Tues 10:00 - 11:50
Lecture Offering 1 Week(s) - 25 Wed 15:00 - 16:50
Spring
     

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