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Rsch Sch of Finance, Actuarial Studies & App Stats · ANU College of Business and Economics
This course aims to develop expertise in several aspects of Enterprise Risk Management including a thorough understanding of: • the concept of ERM • the drivers behind ERM - governance, regulation, improvements in understanding of risk and techniques for measuring and managing risk, enterprise value protection and creation etc • practical aspects of ERM, including all elements of a robust risk management framework (people, systems, processes) and its operation, and critical success factors • standards and good practice in use around the world • the different types of risk - financial (including liquidity, credit, equity market, interest rate), insurance (including catastrophe, mortality, product options), operational, and strategic • the quantification of risk, including tools and techniques and supporting mathematics with particularly strong skills in the financial aspects of risk management.
Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate.
Learning outcomes 1, 2, 3, 4, 5
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time Other Information This subject, in conjunction with ACST4061/ACST8061 provides the opportunity for exemption from Module 1 of the Part III academic requirements of the Actuaries Institute. Such exemption depends on the grades attained over both subjects.
Information about the prescribed textbook will be available via the Class Summary