Master of Sciences in Risk Management

The objective of the Master Sciences in Risk Management is to provide learners with the skills and understanding in risk management that align with good strategic decision making to maintain organisations’ competitive advantage.

Overview

The objective of the Master Sciences in Risk Management is to provide learners with the skills and understanding in risk management that align with good strategic decision making to maintain organisations’ competitive advantage.

The Master Sciences in Risk Management programme provides an in-depth understanding of risk and their application in practice both for financial and non-financial organisations.

Learners will learn both theoretical and practical understanding of risk including risk measurement and modelling.

The Master Sciences in Risk Management qualification enables learners to progress into or within employment and/or to work toward a relevant Master’s programme with advanced standing.

Entry requirements

For entry onto the Master programs, learners must possess:

  • An honours degree in related subject or UK level 6 diploma or an equivalent overseas qualification
  • Mature learners with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)
  • Learners must be 21 years old or older at the beginning of the course
  • English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency.

Program Learning Outcomes

  • Critically evaluate five basic methods for risk management

  • Compare and contrast the influences of legislation, legal factors and regulatory bodies on health and safety in an organisation of your choice

  • Assess the focal points of ISO standard ‘harmonisation’ programmes

  • Evaluate the tools which can be used to review organisational strategy and risk plans

  • Review the position of an organisation in its current market using appropriate tools

  • Assess contemporary issues that contribute to CSR risk management systems

  • Critically analyse the importance of conducting a Business impact analysis (BIA).

  • Explain how leadership and management styles should change to meet the needs of different risk situations found in organisations

  • Critically evaluate the role of a board in corporate governance issues and different approaches taken.

  • Evaluate a range of risk financing options available for an organisation.

  • Prepare a risk management plan by an environmental screening to help mitigate potential risks

  • Assess the Standardised approach for credit risk as per Basel III recommendations

  • Analyse Knightian uncertainty, Ellsberg paradox, Black swan events.

  • Explain and apply the mathematical models of VaR, CVaR and EVaR

Qualifications

After finish the program, learners could earn:

  1. OTHM Level 7 Diploma in Risk Management (Accredited & Recognition No. 603/6782/9) and
  2. Master Sciences in Risk Management from SIMI Swiss.

Programme

The program has a total of 180 credits, 1800 hours Total Qualification Time (TQT) and 800 Guided Learning Hours (GLH) for the completed qualification.

UnitsCreditsGHL/TQT

Principles of Risk Management

20100/200

Strategic Risk Management

20100/200

Responsible Leadership and Governance

20100/200

Organisational and Environmental Risk

20100/200

Risk Analysis and Modelling

20100/200

Advanced Research Methods

20100/200
Capstone Projects60300/600

Do you have more questions?

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201 S. Grand Ave., 1st Floor New York City, NY 28020

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