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Level 5: Risk Assessment in Financial Services
Introduction
Analyses the concept of risk management within the financial services sector; builds an understanding of the different classifications of operational risk, and investigates contemporary issues affecting risk management.
Module Description
This module aims to develop student’s knowledge and understanding of different classifications of operational risk; the risk cycle and the alternative techniques that can be used to manage risk from the perspective of a financial services organisation.
Module Content
- Introduction to risk assessment
- The classification of different types of risk
- Identifying the maturity of risk
- Different types of risk management in the business cycle
- Probability and statistical analysis
- Decision making in risk and uncertainty
- Identifying critical levels of risk
- Models used to assess operational risk
- Capital requirements for financial organisations and associated risks
- The role of the risk manager
