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Risk MGMT Syllabus

This document outlines the objectives, topics, and learning outcomes of a Risk Management course for a Bachelor of Management Studies in Finance program. The course covers risk measurement, avoidance, enterprise risk management, governance, assurance, and management in the insurance industry. It aims to provide an understanding of risk management principles and practices, and teach students how to develop an optimal risk strategy for an organization. Key topics include risk identification, diversification, hedging instruments, the enterprise risk management framework, and designing a risk management program.

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117 views

Risk MGMT Syllabus

This document outlines the objectives, topics, and learning outcomes of a Risk Management course for a Bachelor of Management Studies in Finance program. The course covers risk measurement, avoidance, enterprise risk management, governance, assurance, and management in the insurance industry. It aims to provide an understanding of risk management principles and practices, and teach students how to develop an optimal risk strategy for an organization. Key topics include risk identification, diversification, hedging instruments, the enterprise risk management framework, and designing a risk management program.

Uploaded by

shyamili
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BOS B.M.S.

- Finance
CLASS T.Y. B.M.S. - Finance
SEMESTER V
SUBJECT NAME Risk Management
SUBJECT CODE
NAME OF PROFESSOR Ms. Bhavana Parab
OBJECTIVES:
1. To provide an understanding and an appreciation of the principles and practices of risk management
2. To enable production of the optimum strategy for the handling of risk in an organisation.
Unit Name of Unit Topic Name of Topic No of
No. No. lectures
1 Introduction, Risk 1.1 Introduction, Risk Measurement and Control 15
Measurement and Definition, Risk Process, Risk Organization, Key
Control Risks –Interest, Market, Credit, Currency, Liquidity,
Legal, Operational
1.2 Risk Management V/s Risk Measurement –
Managing Risk, Diversification, Investment
Strategies and Introduction to Quantitative Risk
Measurement and its Limitations
1.3 Principals of Risk –
Alpha, Beta, R squared, Standard Deviation, Risk
Exposure Analysis, Risk Immunization, Risk and
Summary Measures –Simulation Method, Duration
Analysis, Linear and other Statistical Techniques for
Internal Control
2 Risk Avoidance and 2.1 Risk Hedging Instruments and Mechanism 15
ERM Forwards, Futures, Options, Swaps and Arbitrage
Techniques, (theory & application based on
valuation on future, options & swaps), Risk Return
Trade off, Markowitz Risk Return Model, Arbitrage
Theory, System Audit Significance in Risk
Mitigation
2.2 Enterprise Risk Management
Risk Management V/s Enterprise Risk Management,
Integrated Enterprise Risk Management, ERM
Framework, ERM Process, ERM Matrix, SWOT
Analysis, Sample Risk Register
3 Risk Governance 3.1 Risk Governance: 15
and Assurance Importance and Scope of Risk Governance, Risk
and Three Lines of Defense, Risk Management and
Corporate Governance Challenges of Risk
3.2 Risk Assurance
Purpose and Sources of Risk Assurance, Nature of
Risk Assurance, Reports and
3.3 Risk and Stakeholders Expectations
Identifying the Range of Stakeholders and
Responding to Stakeholders Expectations
4 Risk Management 4.1 Insurance Industry : 15
in Insurance Global Perspective, Regulatory Framework in India,
IRDA - Reforms, Powers, Functions and Duties. Role
and Importance of Actuary
4.2 Players of Insurance Business:
Life and Non- Life Insurance, Reinsurance,
Bancassurance, Alternative Risk Trance, Insurance
Securitization, Pricing of Insurance products,
Expected Claim Costs, Risk Classification
4.3 Claim Management:
General Guidelines, Life Insurance, Maturity,
Death, Fire, Marine, Motor Insurance and
Calculation of Discounted Expected Claim Cost and
Fair Premium

LEARNING OUTCOMES:
1. Identify and categorise the various risks face by an organization
2. Design a risk management program for a business organization & Suggest ways to finance risk

REFERENCE BOOKS:
a) The Essentials of Risk Management: Michel Crouhy, Dan Galai,, Robert Mark :MC Graw Hill
Education
b) A Practical Guide to Risk Management : Thomas S Koleman: Research Foundation of CFA
Institute
c) Risk Management – Concepts and Guidance: Carl Pritchard:CRC Press
d) Risk Management: Prof C K Roy:Vayu Education

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