Corporate Risk Management

Core modules:

• Theory of Risk and Insurance Markets

  The aim of this module is 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 analyze 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 in the programme as a whole. 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, digitalisaton and financial innovation and the emergence of new markets.

Core modules:

• 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.

• Derivatives and 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.

• Research Project Management Skills Workshop

  This module trains students to undertake independent research either in the context of a single organisation or by using third-party sources.

  It provides the necessary tools and skills to initiate, research and write up a business project and includes training in research methodology, availability of data sources, project writing, time-management and presentation skills.

  (Non credit bearing module)

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

• Option 1: You can opt to write a 10,000-word Business Research Project (40 credits) and take two specialist elective modules (2 x 10 credits)
• Option 2: You can take six specialist elective modules (6 x 10 credits)
• Option 3: You can opt to write a 5000 word Applied Research Project (20 credits) and take four specialist elective modules (4 x 10 credits)

• Business Research Project

  It is important for aspiring professionals to demonstrate, on an individual basis, their ability to apply concepts and techniques they have learned in an in-depth study of a topic of their choice and to organise their findings in a report, all conducted within a given time limit.

  To train you to undertake individual research and provide them with an opportunity to specialise in a contemporary business or finance topic related to their future career aspirations.

  You are required to submit a project of approximately 10,000 words on any subject area covered in the rest of the programme. Typical projects can involve any of the following: extracting data from electronic databases or by hand; statistical analysis of large or small populations; interviews; case studies of an industry or a sector or of a business / finance issue in a particular country setting.

• Applied Research Project

  The aim of this module is to enable you to demonstrate how to integrate your learning in core and elective modules and then apply this to the formulation and completion of an applied research project.  You will be required to demonstrate the skills and knowledge that you have acquired throughout your MSc study.

  You will undertake a short piece of applied research on a question of academic and/or practical relevance. Guidelines will be provided in order to help you identify the research question. Based on your chosen topic, you must write a report of around 3000 - 5,000 words that summarises and critically evaluates your method and your findings.

Term three elective modules are chosen from a list of modules made available early in term two. These allow you to tailor learning in areas of specialist of personal interest to yourself, providing flexibility in how you approach the programme, whilst focussing on key areas of corporate risk exposure that transcend industries.

Specialist electives planned for 2023*

You are required to take between two and six specialist Elective courses as part of your degree. They are usually assessed by coursework only.

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.

Part-time programme

The part-time Corporate Risk Management course runs over two academic years, although attendance patterns partly depend on which term 3 pathway is chosen.

The two year part-time option is open only to students with commercial experience in risk management or insurance.

The general structure is similar to the one-year full-time course but tuition is spread over two years with students taking only two courses each term rather than four.