University of Malta

Study-Unit Description
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TITLE Foundations of Risk Management

LEVEL 02 - Years 2, 3 in Modular Undergraduate Course


DEPARTMENT Banking and Finance

DESCRIPTION The intention of this study-unit is to raise the profile of the international standard for (Enterprise) Risk Management in the future, as well as reflecting current risk management thinking, the syllabus provides an up to date comprehensive and balanced approach of risk management relevant to contemporary business thinking and practices.

Study-unit Aims:

- Introduce the theory and practice of risk management;
- Introduce the concept of ‘enterprise risk management’;
- Introduce the nature of risk and the aims of risk;
- Introduce typical approaches to risk management policy and responsibilities, including the importance of culture and communication;
- Introduce techniques for identification, evaluation and analysis of risks;
- Introduce good governance and the link with business objectives;
- Introduce methods for risk treatment, transfer, tolerance and termination;
- Introduce audit, risk assurance and social responsibility;
- Provide an overview of current risk management thinking, regulations and practices and how they impact modern organisations across the world;
- Offer a comprehensive and balanced approach to risk management.

Study-unit Outline:

Part One Introduction to Risk Management
Lecture 1: Risk Management Approach & Impact of Risk on Organisation
Lecture 2: Principles of Risk Management and Standards

Part Two: Risk Strategy
Lecture 3: RM Policy & Documents used in Risk Management
Lecture 4: RM Responsibilities, Risk Architecture & Structure

Part Three: Risk Assessment
Lecture 5: Techniques of Risk Assessment
Lecture 6: Risk Classification Systems, Likelihood vs. Impact
Lecture 7: Business Continuity Planning

Part Four: Risk and Organisations
Lecture 8: Corporate Governance and Operational Risk

Part Five: Risk Response
Lecture 9: Enterprise Risk Management and Risk Appetite
Lecture 10: Risk Control Techniques

Part Six: Risk Assurance and Reporting
Lecture 11: Internal Audit and Risk Assurance Techniques
Lecture 12: Risk Reporting

Part Seven: Practical Issues in Risk Management and Case Studies

Study-unit Textbook:

- Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management [Paperback] Paul Hopkin.

All students are expected to acquire the textbook since all lectures will be based on this book.

ADDITIONAL NOTES Students wishing to make queries from which all students can benefit should email Mr. Mark Zammit and/or post them on the order to set a meeting even during the student hours.

STUDY-UNIT TYPE Lecture and Tutorial

Assessment Component/s Resit Availability Weighting
Assignment Yes 20%
Examination (2 Hours) Yes 80%

LECTURER/S Mark Lawrence Mario Zammit

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2017/8, if study-unit is available during this academic year, and may be subject to change in subsequent years.
Semester 1 Time-table 2017/8 - Day Courses
Time-tables for Day Courses for the Academic Year 2017/18 - Semester 1
Semester 1 Time-table 2017/18 - Evening Courses
Time-tables for Evening Courses for the Academic Year 2017/18 - Semester 1
FEMA Day Examination Timetable
Examination time-table for Day Courses - January 2018
FEMA Evening Examination Timetables
Examination time-table for Evening Courses January 2018
JAYE 2017-2018
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