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.
- 2 Years / Online + Tutor
- Intakes: Jan, Apr, Jun, Oct
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:
- OTHM Level 7 Diploma in Risk Management (Accredited & Recognition No. 603/6782/9) and
- 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.
Units | Credits | GHL/TQT |
---|---|---|
Principles of Risk Management | 20 | 100/200 |
Strategic Risk Management | 20 | 100/200 |
Responsible Leadership and Governance | 20 | 100/200 |
Organisational and Environmental Risk | 20 | 100/200 |
Risk Analysis and Modelling | 20 | 100/200 |
Advanced Research Methods | 20 | 100/200 |
Capstone Projects | 60 | 300/600 |
How to Apply?
- You Apply
Tell us a little about yourself and we’ll help with the rest. Our convenient online application tool only takes 10 minutes to complete.
- We Connect
After you submit your application, an admissions representative will contact you and will help you to complete the process.
- You Get Ready
Once you’ve completed your application and connected with an admissions representative, you’re ready to create your schedule.