Corporate Risk Management MSc

• Theory of Risk and Insurance Markets

  The aim of this module is to provide a sound understanding of the basic principles of risk and insurance and the characteristics of the main types of insurance.  The general principles of insurance underwriting and claims management are also covered. This module also provides a thorough understanding of the structure and operation of UK and international insurance markets with emphasis on the insurance markets of Europe, and the factors that shape their development. The wider trends in global insurance and reinsurance markets are also considered.

• International Business and Economics

  The aim of this module is to give students a sound foundation in international business and a practical understanding of the tools and language used by economists to analyse the functioning of economies and networks of economies as a whole (macroeconomics). The course focuses on why and how firms internationalize as well as ensuring that students understand the global opportunities and threats available to companies and the challenges that international business practitioners are likely to face.

• Enterprise Risk Management

  This course covers the principles of risk management, which is a key element of the programme. It explores the ways in which management of the overall risks of the firm can enhance firm value. Risk management is at the heart of many critical corporate decisions: day-to-day operations, resource allocation, strategic planning, capital structure, reputational and legal exposure, and performance measurement.

• Global Banking

  This module aims to provide students with an insight into the major features of the banking business and to provide a framework for the understanding of the different types of banks and banking activities. The first part of this module will examine the changing characteristics of the banking industry. We will examine in some detail the main businesses banks are involved in and see how these different activities fit within a bank’s overall portfolio. We will see how different banks are pursuing different models (universal banking vs. specialised banking). In particular, the asset structure and revenue earning features of major commercial and investment banks will be examined. In addition, their cost and return features, together with recent developments in the industry will be outlined. We will then focus on a number of overarching themes, such as the interplay of regulatory changes, globalisation, technological advances, digitalisation and financial innovation and the emergence of new markets.

• Supply Chain Finance and Risk Management

  Recognising the multifunctional nature of the challenges faced, supply chain finance provides a multidisciplinary approach combining advancements from corporate finance and supply chain management in order to optimise financial flows and capital allocation in supply chains with the aim of improving supply chain performance and resilience. A key focus of this module is to elaborate on these technologies that enable supply chain finance solutions and how these technologies add value to companies in the supply chain.

• Corporate Risk Management

  This course examines derivatives, which are a key part of modern finance. An understanding of how they are structured, priced and used to hedge financial risks is vital for those considering careers in equity, fixed income or currency portfolio management or trading.

• Financial Risk

  The aim of this module is to examine the universe of financial risks that financial and non-financial corporations are exposed to in their business models. In doing so it provides a conceptual framework for the treatment of these risks by corporations as they attempt to achieve their strategic business objectives.

• Risk Analysis and Modelling

  The aim of this course is to explore the practical application of statistical risk modelling techniques used in the Insurance and Risk Management Industries. All of the subjects taught on the course are accompanied by computer models built in Excel to help you understand both the theory and practice of this subject. While focus is placed on how these applied methods are used in the Insurance Industry, students with a more technical background are given the opportunity to explore the mathematical background to the subject matter. No previous background in statistics or risk modelling is assumed by the course, and all subjects are taught from the ground up.

In term 3, you are required to choose one of the following options:

• Five electives plus Career Management Skills and Research Methods
• Three electives plus a General Research Project.

• General Research Project

  This module will help you integrate your learning across a range of skills and in particular to enable you to demonstrate the results of your learning through the development of a final project. You may choose to complete more traditional academic desk research, complete a business plan or carry out a consultancy project and any reasonable proposal is acceptable providing that it is agreed with the project supervisor and the course director

• Career Management Skills and Research Methods

  Supporting your wider learning and career success through the development of key transferrable skills and attributes that you will use both in your programme and across your career. In particular: research and analysis, career planning and employability skills development, and sustainable working.

  Develop a grounding in research methods, targeted to your particular degree requirements. You will be able to use these skills to support your learning, substantiate your arguments and make assessments about the nature of the evidence you are using.

  Career and employability skills development, delivered in a highly targeted and applied format throughout the year, will help you develop your aspirations, take a planned and efficient approach to your job search and / or entrepreneurial plans, and help you create a strong base from which to manage your career in the longer term. The content of this module will also help you understand how to apply your learning in the wider context of your career.

Bayes Business School offers over 90 different Elective courses, which are reviewed and updated regularly.

Examples of Electives suitable for MSc Corporate Risk Management students, currently offered, include:

• Business Research Project
• Applied Research Project
• Alternative Risk Transfer
• Reinsurance
• Operational Risk Management
• Liability Insurance
• Cyber Risk
• Sustainable Finance with ESG
• Shipping Risk Management
• Digital Finance
• Country and Geo-Political Risk Management
• Sustainability in Digital Supply Chains.

Please note that electives are subject to change and availability.