MODULE SPECIFICATION WORD UNDERGRADUATE PROGRAMMES

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1 MODULE SPECIFICATION WORD UNDERGRADUATE PROGRAMMES KEY FACTS Module name Corporate Risk Management Module code FR2105 School CassBusinessSchool Department or equivalent UG Programme UK credits 15 ECTS 7.5 Level 5 Delivery location (partnership programmes only) MODULE SUMMARY Module outline and aims The course aims to provide a sound understanding of the basic principles of risk management. The primary emphasis will be on measuring and managing different kinds of risks that modern enterprises face through their international operations. The course requires a good understanding of various areas of finance (e.g. corporate finance, derivatives, financial management etc.) and quantitative analysis. All these are brought together in a unified framework to analyse the strategies, techniques and tools for managing corporate risks. The aforementioned objectives and the intended learning outcomes will be addresses in a series of lectures. The lectures will embody activities such as formal lectures, participative discussions, problem solving, and analysis of case studies or research papers with relevance to the course. Content outline - Corporate risks and the practice of risk management - Enterprise risk management frameworks and risk govenance Analysis of the VAR and CAR methodology - Country risk analysis and corporate policy - Current asset management and foreign direct investment - Financing decisions: Analysis and risks - Corporate risk management and insurable risks - Applied enterprise risk management process

2 - The tragedy of corporate governance - Catastrophe insurance, alternative risk transfer, capital markets and uninsurable risks WHAT WILL I BE EXPECTED TO ACHIEVE? On successful completion of this module, you will be expected to be able to: Knowledge and understanding: Have a comprehensive knowledge of analysing and managing various corporate risks Have a clear and thorough understanding of how enterprises embed risk management into their business model, draft risk management goals and objectives, construct the risk appetite statement, risk management, hedging and insurance policy. Demonstrate a deeper appreciation of specialised areas in corporate risk analysis and management Have an understanding of the risk management infrastructure and master how its developed and matured in corporations Appreciate the role of the board and executive management in setting up the risk oversight and governance structure Have an understanding of risk treatment plan and testing their effectiveness. Skills: - Contribute to the shaping and implementation of a corporation's risk strategy - Work effectively in group situations - Track down specialist material for research - Adapt and then apply learning from case studies - Analyse and identify complex risk characteristics of large international corporations - Make use of IT as appropriate to perform tasks - Develop judgement in the selection and application of advanced techniques - Communicate effectively with non-specialists in the area - Apply recent techniques from the CRM area to enhance the risk-return profile of modern enterprises - Debate, formulate and solve problems within the CRM framework

3 Values and attitudes: - Build and encourage independent life-long learning - Instil ethical attributes that respect and operate within rules and guidelines - Build and inquisitive, analytical and probing mind-set - Improve teamwork and relationship building - Develop attitudes that will exploit resources in a sustainable way - Do the right things because they are right even if it hurts rewards HOW WILL I LEARN? Lectures, case studies, tutorials and project. Teaching pattern: Teaching component Teaching type Contact Selfdirected study Placement Lectures Lecture Totals WHAT TYPES OF ASSESSMENT AND FEEDBACK CAN I EXPECT? Assessments Coursework and exam. Assessment pattern: Total student learning Assessment component Coursework Exam 2.25 Assessment type Written assignment, including essay Written Exam Weighting Minimum qualifying mark Pass/Fail? N/A N/A

4 Assessment criteria Assessment Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate in order to complete an assessment successfully and Grade-Related Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate to achieve a certain grade or mark in an assessment. Assessment Criteria and Grade-Related Criteria for module assessments will be made available to students prior to an assessment taking place. More information will be available from the module leader. Feedback on assessment Following an assessment, students will be given their marks and feedback in line with the Assessment Regulations and Policy. More information on the timing and type of feedback that will be provided for each assessment will be available from the module leader. Assessment Regulations The Pass mark for the module is 40%. Any minimum qualifying marks for specific assessments are listed in the table above. The weighting of the different components can also be found above. The Programme Specification contains information on what happens if you fail an assessment component or the module. INDICATIVE READING LIST Moeller R.R. (2011) COSO Enterprise Risk Management: Establishing Effective Governance, Risk and Compliance Processes, Wiley Corporate F&A. Embracing Enterprise Risk Management: Practical Approaches for Getting Started, ISO31000 Enterprise Risk Management Standards, Harrington S. and G. Niehaus, 2003, Risk Management and Insurance, Boston: Irwin/McGraw-Hill. Culp C.L. The ART of Risk Management: Business Strategy and Tactics, 2003, Wiley Finance; Stulz R.M (2004) Risk Management and Derivative, Rene M. Stulz, Thomson South- Western, Doherty N.A (2001) Corporate Risk Management: An integrated Approach, McGraw-Hill; Multinational Business Finance by D.K Eitman, A. Stonehill and M.H. Moffett, 2008

5 Journal of Applied Corporate Finance Version: 1.0 Version date: July 2012 For use from: Appendix: see for the full list of JACS codes and descriptions CODES HESA Code Description Price Group 27 Business and Management D Studies JACS Code Description Percentage (%) N341 The study of the risks involved in the handling of money, capital and credit. 100