master of science degree in enterprise risk management ...€¦ · mtrm6050 risk management &...

MASTER OF SCIENCE DEGREE

IN ENTERPRISE RISK MANAGEMENT

HANDBOOK

2018/2019

1

Table of Contents Introduction ................................................................................................................................... 3

Admission Requirements .............................................................................................................. 4

Application Procedures ................................................................................................................. 4

Tuition and Miscellaneous Fees ................................................................................................... 5

Cohort 7 ....................................................................................................................................... 5

Examination Resits ........................................................................................................................ 6

Examination Only Fees ................................................................................................................. 6

Cohort 7 Tuition Fees September 2018 Admission ................................................................... 7

Cohort 6 Tuition Fees September 2017 Admission ................................................................... 8

New Part-Time Students.............................................................................................................. 9

Returning Part-Time Students ..................................................................................................... 9

Registration .................................................................................................................................. 10

Identification Card ...................................................................................................................... 10

Student Requirements ................................................................................................................. 10

Fee Payment Deadlines ............................................................................................................... 11

Payment Locations ...................................................................................................................... 11

List of Courses ............................................................................................................................. 12

Foundation Courses ................................................................................................................... 12

Core Courses ............................................................................................................................. 12

Structure of Programme (Cohort 7) Part Time Admission 2018 ............................................ 13

Year 1 Time Table (Cohort 7) Part Time .................................................................................. 14

Year 2 Time Table (Cohort 7) Part Time ................................................................................. 15

Year 1 Examination Schedule Cohort 7 .................................................................................... 16

Semester 1 Examinations 2018 ................................................................................................. 16


Summer Semester Examinations 2019 ...................................................................................... 16



2



Structure of Programme (Cohort 6) Part Time Admission 2017 ........................................... 18

Year 2 Time Table (Cohort 6) Part Time .................................................................................. 19





Course Descriptions .................................................................................................................... 21

Foundation Courses ................................................................................................................... 21

Core Courses ............................................................................................................................. 22

Attendance Policy ........................................................................................................................ 27

Cellular Telephones ..................................................................................................................... 27

Electronic Mail ............................................................................................................................ 27

Course Work Assignment ........................................................................................................... 28

Examinations ............................................................................................................................... 29

Plagiarism..................................................................................................................................... 30

3

Introduction

The Mona School of Business and Management is the premier provider of academically-

oriented Enterprise Risk Management education within the Caribbean region. The Mona

School of Business and Management (MSBM) is committed to producing risk management

graduates with well-developed analytical and technical capabilities, intellectually adaptive

thought processes and an orientation toward lifelong learning, enabling them to become

effective practitioners and researchers. The Master of Science degree in Enterprise Risk

Management is being offered by the Mona School of Business and Management in

partnership with the Department of Mathematics

This programme is designed to address the demand in the financial services and other

industries for modern risk management skills. Risk professionals require a set of integrated

skills in risk modeling and management of the risks associated with assets/liabilities of

their business operations. The programme is designed to produce graduates with skills in

risk techniques and practices who also understand the business contexts and thus are able

to address complex risk issues. The programme will attract professionals seeking breadth

in risk management. They will typically have backgrounds in a wide cross-section of

industries such as the financial services (especially banking, insurance), consultancy, and

the non-financial sector as well as from the public sector. This is an important added value,

which prepares the student for team work with members of diverse backgrounds.

The MSc Enterprise Risk Management programme is offered on a part-time basis. The

programme consists of 15 credit courses and 3 non-credit foundation courses. The

programme runs for 24 months, 6 semesters with 3 courses per semester, (3 evenings per

week from 5:30 p.m. to 9:00 p.m.) including summer.

4

Admission Requirements

Applicants are required to have a minimum GPA of 3.0 in a Bachelor’s degree (or

equivalent from an overseas institution) in a quantitative discipline.

Preference will be given to those applicants with 3 years relevant work experience.

Application Procedures

Candidates should apply for admission through the Office of Graduate Studies and

Research. Candidates meeting the initial selection criteria will be contacted on or before

the first week in May of each year and some candidates may be invited for an interview on

campus. Final decisions will normally be made by the final week in May, each year.

Students will be contacted through the Office of Graduate Studies and Research.

5

Tuition and Miscellaneous Fees

Cohort 7

The Master of Science in Enterprise Risk Management Programme is being offered as a

part time, self-financing programme. The tuition fee for cohort 7 (admission 2018) is

$261,167 per semester. The tuition fee includes the provision of textbooks. In addition to

the tuition fee, students are also required to pay miscellaneous fees at the start of each

academic year. Miscellaneous Fees include: guild fee, health fee, dental fee, hall

attachment fee, shuttle bus fee, sports fee, identification card fee, and photocopy license

fee. The miscellaneous fees for cohort 7 part time students not residing on hall for the

academic year 2017-2018 is $15,340.

The cost for a UWI identification card is $500. The miscellaneous fees do not include

the cost for the identification card. The cost for the replacement of your identification

card is $750.

Subject to change

6

Examination Resits

The cost of an examination resit for the current academic year is J$36,500.

Examination Only Fees

The cost of an examination only for the current academic year is $13,500.

To qualify for examination only you must receive a mark of 40% to 49% on the final

examination. Students who receive a mark of less than 40% must pay for an examination

re-sit. Students who fail a course twice normally are asked to withdraw from the

programme. However, if MSBM is aware of extenuating circumstances why a student

should be given a 3rd attempt at an examination, a recommendation will be made to

the Office of Graduate Studies and Research for approval of the Board for Graduate

Studies and Research. Please see Regulation 4 of the General Regulations for Graduate

Diplomas and Degrees. Students who remain in the programme after (2) years are required

to pay the current fees.

NB Students who are doing Examination only should indicate to the Coordinator at the

beginning of the semester via a written letter.

7

Cohort 7 Tuition Fees

September 2018 Admission

Year one (2018-2019) J$

Semester 1 3 courses 261,167



783,501

======

Year two (2019-2020) J$




783,499

======

8

Cohort 6 Tuition Fees

September 2017 Admission

Year one (2017-2018) J$




783,501

======

Year two (2018-2019) J$




783,499

======

9

2018-2019Miscellaneous Fees & Charges

New Part-Time Students

J$

Identification Card – First Issue 500

Miscellaneous Fees 15,340

Total 15,840

Returning Part-Time Students

J$

Miscellaneous Fees 15,340

Total 15,340

Subject to change

10

Registration

Before the start of the academic year students are required to register for Semester 1 and

Semester 2 for that academic year. Students are required to register for summer courses in

the summer.

Identification Card

New students can obtain an identification card after paying the identification card fee.

New students can register after obtaining an identification card.

The cost for identification card replacement is J$750.

Student Requirements

Students should have an active registration status until the completion of their

degree. Students who are not doing courses in a particular semester must

request leave of absence from the Office of Graduate Studies and Research for the

inactive period.

Students must submit a request for a third attempt of any graduate course at the

Office of Graduate Studies and Research

Students who are doing a second sitting of a graduate course must inform the

Coordinator in writing indicating their name, identification number, the course

code, the name of the course, and the semester in which the course is being done

11

Fee Payment Deadlines

Courses should be selected for all semesters at the start of the academic year (see structure

of programme). All tuition fees and miscellaneous fees become due and payable at the

start of each academic year. Students may opt to pay tuition fees on a semester basis.

Semester 1 tuition fees and miscellaneous fees must be paid by August 25

of the semester, Semester 2 tuition fees and miscellaneous fees must be

paid by the last working day in January of that semester and Summer

tuition fees must be paid by the last working day in May of that semester.

Failure to meet the deadlines will result in financial penalties (late registration fee of $1,000

as well as a fine of (1) one per cent on the amount of fees outstanding).

Any student who does not comply with the final payment deadline will not have completed

his/her registration and will be given compulsory Leave of Absence for the semester. A

student on compulsory leave of absence will not be allowed to attend lectures, and will not

be able to access facilities such as the Health Centre and the Library.

Students are required to check on-line for financial clearance 3 days after payment

of fees.

Payment Locations

Fees can be paid to the Mona School of Business and Management (MSBM) via the

following methods:

At the MSBM Accounts Department located on the North Complex via credit card,

debit card or manager’s cheque. (NB. Cash or personal cheques will not be

accepted)

Any National Commercial Bank Branch using a special MSBM voucher. Vouchers

are available at any MSBM reception desks, MSBM North Library\ Documentation

Centre, MSMB Accounts Department and from the Programme Coordinator.

By wire transfers (details available upon request from the MSBM Accounts

Department).

In order to ensure prompt and proper credit of payment to your account, please submit a

copy of the bank voucher to the MSBM Accounts Department. NB. Scanned and faxed

copies of vouchers are accepted. FAX 977-4622, Attention Jodiene Hutchinson or by

email to [email protected] or

[email protected]

mailto:[email protected]/

12

List of Courses

Foundation Courses

ITTOOLS Computer Business Applications

MTRM6002 Statistical Methods

MTRM6001 Mathematics to ERM

Core Courses

MTRM6010 Risk Categories and Identification

MTRM6020 Time Series Analysis

MTRM6030 Stochastic Calculus

MTRM6040 Quantitative Analysis of Financial Data

MTRM6050 Risk Management & Optimization

MTRM6060 Credit Risk Management & Modeling

MTRM6070 ERM Concept, Framework & Process

SBRM6010 Risk Management in the Business Enterprise

SBRM6020 Corporate Finance

SBRM6030 Financial Markets

SBRM6040 The Economics of Enterprise Risk Management

SBRM6050 ERM Governance

SBRM6060 Ethical, Legal & Regulatory Framework for ERM

SBRM6070 ERM in the Global Business Environment

SBRM6080 Leading Issues in ERM: Project Based Approach

13

Structure of Programme (Cohort 7)

Part Time

Admission 2018

Year 1 (2018/2019)

Semester 1

Course Code Course Name

IT TOOLS Computer Business Applications


MTRM6001 Mathematics to ERM

Semester 2





Semester 3





Year 2 (2019/2020)

Semester 1

Course Code Course Name MTRM6040 Quantitative Analysis of Financial Data



Semester 2





Semester 3

Course Code Course Name MTRM6060 Credit Risk Management & Modeling



14

Year 1 Time Table (Cohort 7)

Part Time

Semester 1 September 3, 2018 to November 23, 2018

Room Key

ECR1 - Executive Class Room 1

ECR2 - Executive Class Room 2

MCL - Mathematics Computer Lab

MGR - Mathematics Graduate Room

MLT - Mathematics Lecture Theater

SR1 - Seminar Room 1

SR2 - Seminar Room 2

Course Code Course Name Day(s) Time Location

MTRM6001 Mathematics to ERM Monday 5:30-9:00 pm MCL

MTRM6002 Statistical Methods Tuesday 5:30-9:00 pm MCL

IT TOOLS Computer Business Applications Wednesday 5:30-9:00 pm MCL

Semester 2 January 7, 2018 to March 29, 2019

SBRM6020 Corporate Finance Monday 5:30-9:00 pm SR2

MTRM6020 Time Series Analysis Tuesday 5:30-9:00 pm MGR

SBRM6010 Risk Management in the Business Enterprise Thursday 5:30-9:00 pm SR2

Summer May 6, 2019 to July 26, 2019

SBRM6030 Financial Markets Monday 5:30-9:00 pm SR2ECR2

MTRM6010 Risk Categories and Identification Tuesday 5:30-9:00 pm MGR

MTRM6030 Stochastic Calculus Thursday 5:30-9:00 pm MGR

15


Part Time



SBRM6040 Economics of Enterprise Risk Management Monday 5:30-9:00 pm SR2

SBRM6050 ERM Governance Tuesday 5:30-9:00 pm SR2

MTRM6040 Quantitative Analysis of Financial Data Thursday 5:30-9:00 pm MLT

Semester 2 January 10, 20 to April 6, 2019

MTRM6050 Risk Management & Optimization Monday 5:30-9:00 pm MLT

SBRM6060

Ethical, Legal & Regulatory Framework for

ERM Tuesday 5:30-9:00 pm SR2

SBRM6070 ERM in the Global Business Environment Thursday 5:30-9:00 pm SR2


MTRM6060 Credit Risk Management & Modeling Monday 5:30-9:00pm MLT

MTRM6070 ERM Concept, Framework & Process Tuesday 5:30-9:00pm MLT

SBRM6080

Leading Issues in ERM: Project Based

Approach

16

Year 1 Examination Schedule Cohort 7

Semester 1 Examinations 2018

9 a.m. to12 noon

COURSE CODE COURSE NAME DATE

MATH6701 Mathematics to ERM Monday, December 03, 2018

IT TOOLS

Computer Business

Applications Thursday, December 06, 2018

MATH6702 Statistical Methods Tuesday, December 11, 2018


9 a.m. to 12 noon

CORSE CODE COURSE NAME DATE

MTRM6020 Time Series Analysis Thursday, April 04, 2019

SBRM6020 Corporate Finance Monday, April 08, 2019

SBRM6010

Risk Management in the

Business Enterprise

Thursday, April 11, 2019

Summer Semester Examinations 2019

9 a.m. to 12 noon

CORSE CODE COURSE NAME DATE


Monday, August 5, 2019

MTRM6010

Risk Categories and

Identification

Friday, August 9, 2019


Tuesday, August 13, 2019

Subject to change

17



9a.m. to 12 noon


SBRM6040

Economics of ERM

Thursday, December 5 2019

MTRM6040

Quantitative Analysis of

Financial Data

Monday, December 9, 2019

SBRM6050

ERM Governance

Thursday, December 12, 2019


9a.m. to 12 noon


MTRM6050

Risk Management &

Optimization


SBRM6060

Legal and Regulatory

Framework of the Enterprise

Monday, April 20, 2020

SBRM6070


Business Environment



9a.m. to 12 noon


MTRM6060

Credit Risk Management &

Modeling

Monday, August 10, 2020

MTRM6070

ERM Concept Framework

& Process

Friday, August 14, 2020

SBRM6080

Leading Issues in ERM:

Project Based Approach

Subject to change

18

Structure of Programme (Cohort 6)

Part Time

Admission 2017

Year 1 (2017/2018)

Semester 1


IT TOOLS Computer Business Applications

MATH6702 Statistical Methods

MATH6701 Mathematics to ERM

Semester 2





Semester 3





Year 2 (2018/2019)

Semester 1

Course Code Course Name MTRM6040 Quantitative Analysis of Financial Data



Semester 2





Semester 3

Course Code Course Name MTRM6060 Credit Risk Management & Modeling



19


Part Time



SBRM6040 Economics of Enterprise Risk Management Monday 5:30-9:00 pm SR2

SBRM6040 ERM Governance Tuesday 5:30-9:00 pm SR2

MTRM6050 Quantitative Analysis of Financial Data Thursday 5:30-9:00 pm MLT

Semester 2 January 7, 2019 to April 5, 2019

MTRM6050 Risk Management & Optimization Monday 5:30-9:00 pm MLT

SBRM6060

Ethical, Legal & Regulatory Framework for

ERM Tuesday 5:30-9:00 pm SR2

SBRM6070 ERM in the Global Business Environment Thursday 5:30-9:00 pm SR2


MTRM6060 Credit Risk Management & Modeling Monday 5:30-9:00pm MLT

MTRM6070 ERM Concept, Framework & Process Tuesday 5:30-9:00pm MLT

SBRM6080

Leading Issues in ERM: Project Based

Approach

20



9a.m. to 12 noon


SBRM6040

Economics of ERM


MTRM6040

Quantitative Analysis of

Financial Data

Monday, December 10, 2018

SBRM6050

ERM Governance



9a.m. to 12 noon


MTRM6050

Risk Management &

Optimization


SBRM6060

Legal and Regulatory

Framework of the Enterprise

Monday, April 15, 2019

SBRM6070


Business Environment



9a.m. to 12 noon


MTRM6060

Credit Risk Management &

Modeling

Thursday, August 8, 2019

MTRM6070

ERM Concept Framework

& Process

Tuesday, August 13, 2019

SBRM6080

Leading Issues in ERM:

Project Based Approach

Subject to change

21

Course Descriptions

Foundation Courses

Computer Business Application

This course will provide students with an introduction to the major office automation,

productivity, analytics software applications that are used in business and which they will

be expected to use during the programme. Included will be applications such as MS Excel,

MS PowerPoint and MS Word. Students will also be exposed to guidelines on document

preparation and use of Internet sources in research.

MTRM6001 Mathematics for ERM

This course is divided into four sections, namely; Sequence & Series, Calculus, Linear

Algebra and Numerical Methods. First, we explore limits and continuity, Taylor series and

sequences. Second, we introduce functions of one and several variables, differentiation,

integration, partial differentiation, Optimization, and Lagrange multipliers. Third, we solve

a system of equations, eigenspace, and quadratic forms. Finally, we look at methods of

solving linear and non-linear equations, cholesky decomposition, constrained and

unconstrained numerical optimization and finite difference methods.


This course will introduce and examine ways of presenting statistical information

graphically and descriptively. Theories relating to probability, distribution and density

along with expectation and variation are then explored. We then examine special types of

probability, distributions, including normal, lognormal and others. A rigorous appraisal of

the determinants of a good estimator then follows. Thereafter, confidence intervals,

hypothesis testing and regression analysis are examined. In addition to the theoretical

exploration, the statistical package R (or other statistical software) will be used throughout

the course to demonstrate the application of these taught concepts in real world scenarios.

22

Core Courses

MTRM6010 – Risk Categorization & Identification

This course will expose students to key methodologies to successfully define, identify and

develop risk categorization. The course seeks to provide a thorough grounding in the

identification and assessment of a wide range of risks across industries that single, group,

conglomerate, multi-domestic, international, multinational, transnational firms may be

exposed to in order to facilitate accurate and timely decision making in terms of the actions

necessary to counter (or exploit) the risks.

MTRM6020 – Time Series Analysis

Time series analysis is a specialized branch of statistical science which deals with such

data sets, providing an essential toolset for finance and business analysis, economic

forecasting, and decision making.

The course covers the fundamental concepts required for the description, modeling and

forecasting of time series data. A particular emphasis is placed on the analysis of real-world

data sets from finance and economics, and a practical laboratory component introduces

students to the software package R (or other software).

MTRM6030 – Stochastic Calculus

The course aims at providing students with tools required for a rigorous understanding of

financial modeling and pricing techniques and therefore provides the mathematical

grounding for financial derivatives.

Stochastic calculus is a branch of mathematics that operates on stochastic processes. The

methods of stochastic calculus have turned out to be most suitable for an adequate

description of the evolution of basic (bonds and stocks) and derivatives (forwards, futures,

options etc) securities. The underlying construction of these financial products shall be

explored. Additionally, participants will be shown the uses and benefits of stochastic

calculus in financial engineering.

23

MTRM6040 – Quantitative Analysis of Financial Data

This is a course in quantitative risk management and financial econometrics. In this course,

focus will be on the statistical modeling of financial time series (asset prices and returns)

with an emphasis on modeling volatility and correlation of quantitative risk management.

This course discusses the various approaches to analyze and model financial data with real

and stimulated data via the computer package R (or other programming language).

MTRM6050 – Risk Management & Optimization

The increased exposure, complexity and scale of risks faced be enterprises has increased

the need for enhanced processes to asses, measure and manage risks. Ineffective risk

management may result in financial distress, reputation loss or bankruptcy.

The student will understand the means available for management various risks and how an

entity decides which technique is appropriate.

This course will integrate measurement tools often associated with finance, statistics and

economics to explore how risk management techniques may be applied to challenging risk

categories (including operational and strategic risk).

MTRM6060 Credit Risk Management & Modeling

This course is an introduction to credit risk management and to the models for analyzing,

predicting and mitigating credit risks. Students will learn the basis for widely used

modeling methods for credit risk assessment and implement those methods through

programming assignments using R (or other software). The students will be introduced to

quantitative models for measuring and managing risks, provided with a critical

understanding of the credit risk methodology used in the financial industry and given an

appreciation of the regulatory framework in which the models operate.


This course aims to provide students with a good understanding of Enterprise Risk

Management (ERM) and the regulatory frameworks. At the end of the course, students

should be able to execute ERM at the strategic level to drive decision making.

They should demonstrate an understanding of the ERM concept, the components of

120 an ERM framework and be able to evaluate the appropriateness of a framework in a

given situation and understand each step of the ERM process.

24


The management of risks in business enterprises represents one of the greatest challenges

facing business leaders in the world. The awareness of risks, identification of risks and the

tools and methodologies of measurement and management of risks facing the enterprise

are either non-existent or inconsistently applied in individual enterprises and across

business sectors. Each risk type is usually handled in isolation: only the financial risks have

commonly received robust quantification. Operational risk has received attention primarily

by companies in particular industries where operational failures are a common hazard. The

specialized knowledge and techniques developed for these sectors are incorporated into

ERM and can be critically applied across a broader spectrum of industries to mitigate

operational risks that are critical impediments to business performance and creation of

shareholder value.


The main objective of this course is to provide an understanding of corporate finance

concepts and decision making in competitive financial markets from the point of view of

risk managers. This course serves as an introduction to corporate finance and financial

management for students pursuing the masters in Enterprise Risk Management. In addition,

this course provides a framework, concepts, and tools for analyzing corporate finance

problems and issues, based on the fundamental principles of modern financial theory, with

an understanding of application to “real-world” situations. The approach is rigorous and

analytical. Topics covered include discounted cash flow techniques, cash flow

development and analysis, required returns and the cost of capital, corporate capital

budgeting, company and security valuation, working capital management, capital structure

and company restructuring issues. In all cases an underlying focus will be on the analysis

of risk and the tools of risk mitigation from a corporate finance perspective.


Risk managers must be familiar with the workings of financial markets. They must

understand the capabilities provided by the financial sector to mitigate risk. They must also

understand the inherent risks facing the financial sector. To do both they must have a good

understanding of how financial markets and institutions work. Well-functioning markets

are constantly changing, so too with financial markets. It was not long ago that most

financial markets were domestic in scope and limited in institutional variety. Today

financial markets are global in nature, with open foreign exchange markets and a growing

variety of financial institutions and instruments. These changes have increased the

importance of readily available and accurate information and of a well-designed regulatory

framework. Moreover, with global financial markets being harsh in response to poorly

managed economies, national, regional and international economic management has taken

on increased importance. This course, therefore, will examine financial markets in terms

of the tools it provides to the risk manager as well as looking at the risks, especially those

of a systemic nature that are often created and propagated by financial markets.

25


The Economics of Enterprise Risk Management course provides a broader economic

framework and context, whereby risks can be identified and interpreted using economic

theory and thought applicable to its interpretation. For example, in a global marketplace,

the enterprise must be increasingly conscious about how and when changes in demand and

supply of commodities and financial flows in world markets will transmit to their own

arena and trigger off a cascade of events that puts the enterprise in jeopardy, if no risk

mitigation action is taken. Conversely, opportunities emerging in local and foreign markets

may be missed and not included in the enterprise’s risk management and strategic plans.

This course equips the student with the requisite tools of economic analysis to effectively

recognize, evaluate, measure and manage an array of risks within a comprehensive

economic and risk management framework. The Economics of Enterprise Risk

management course will be pivotal in informing other coursework relative to fundamental

analysis of economic activity affecting the business of the enterprise globally.

SBRM6050 Enterprise Risk Management Governance

The topical focus of this course is corporate governance and prioritization of Enterprise

Risk Management as a critical element of the responsibility of the Board and senior

executives. The recent financial crisis created major disruptions in the financial services

and other industries globally and has called into question the effectiveness of governance

structures in enterprises. It has revealed significant weaknesses in the risk management

systems, silo management infrastructures, disparate systems and processes, fragmented

decision-making, inadequate forecasting and a lack of cohesive and timely reporting to and

action by senior management. This recognition has forced Boards of Directors to rethink

risk strategies and change from a purely oversight role to active participation in defining

the enterprise’s risk appetite and approving broad risk parameters. Chief Financial officers

are also redefining their role to better align financial functions with risk management

teams, so that risk governance, finance and capital allocation decisions reinforce each other

rather than work at cross purposes.

26

SBRM6060 Ethical Legal and Regulatory Framework for ERM

Businesses operate in a global environment and are increasingly exposed to changes in

laws and regulations not only in their home country, but in foreign jurisdictions. In

managing enterprise risks, practitioners must be mindful of key legal concepts and their

interpretation in different legal systems. Decision-makers must be aware of the necessity

of establishing mechanisms for obtaining appropriate local and foreign legal counsel, when

engaging in foreign market entry through non-equity or equity modes (Foreign Direct

Investments) or in creating strategic Alliances and Networks. Foreign trade transactions

also have implied legal risks should there be a disagreement. Firms are exposed to litigation

risk arising from liabilities incurred in various transactions with businesses or individuals

or from Regulatory Institutions. The latter may result from failure to comply with local or

foreign Laws and Regulations. The course will look at the legal relationships between

firms, the state and the wider society and will examine the legal and regulatory environment

that business organizations face in Caribbean societies and globally; and the implications

for identification, management and mitigation of legal and regulatory risk.


This course aims to provide students with a good understanding of Enterprise Risk

Management (ERM) and the regulatory frameworks in order to be able to execute ERM at

the strategic level to drive decision making. The student will demonstrate an understanding

of the ERM concept, understand the components of an ERM framework, and be able to

evaluate the appropriateness of a framework in a given situation and understand each step

of the ERM process.

SBRM6080 Enterprise Risk Management Integrative Module (Leading Issues in

ERM: A Project-Based Approach)

This primary aim of this course is to help students develop the capability to use the

concepts, frameworks and techniques presented in the ERM courses to analyze and

integrate the skills and concepts into a practical risk management framework to address

enterprise risks confronting a business enterprise and its related Industry. It is also aimed

at developing the capability to synthesize technical analyses and risk modeling and present

information in a readily understandable form for utilization by senior management engaged

in strategy and policy formulation and managerial decision- making as well as the

measurement and management of the full spectrum of enterprise risks.

27

Attendance Policy

It is important for students to attend lectures regularly on a timely basis and to work steadily

throughout the semester to benefit fully from the programme. Students are required to sign

the attendance register. Any student who has been absent from the University for a

prolonged period during the teaching of a particular course during the semester for any

reason other than illness or whose attendance at prescribed lectures has been unsatisfactory

(less than 75 % attendance) or who has failed to submit essays or other exercises set by his/

her lecturer maybe debarred from taking the end of semester examinations.

Any student who, having registered for a course and examination, fails to take the

examination shall be deemed to have failed the examination. In cases of illness the

candidate shall present to the Senior Assistant Registrar, Graduate Studies and Research, a

medical certificate, as proof of illness, signed by the University Health Officer or by any

other Medical Practitioner approved for this purpose by the University. The student shall

send the medical certificate within (7) seven days from the date of that part of the

examination in which the performance of the student is affected.

Students who are unable to attend lectures during the semester for any reason should apply

for leave of absence. Requests for leave of absence should be sent to the Senior Assistant

Registrar, Graduate Studies and Research, indicating the reason for the request. Leave of

absence is not automatic.

Cellular Telephones

Cellular telephones must be turned off during lectures and examination. Any student who

fails to comply with this rule during a lecture will be recorded as being absent for that

lecture period. Any student who fails to comply with this rule during an examination shall

be deemed to have failed the examination.

Electronic Mail

It is important that students check their e-mails on a regular basis as this is the usual mode

of communicating with students.

28

Course Work Assignment

Course work assignments should be handed in on the due dates and within the time

specified to the ERM Coordinator or Unit Head or Academic Director or any individual

designated by the Unit Head or the Academic Director. Each student submitting an

individual assignment will receive a receipt. For group assignments one receipt will be

issued to the group. Course work assignments once receipted will not be released to

students.

The student registration number must be used to identify the student or students in the case

of group assignments, submitting the course work assignment. Names must not be placed

on course work assignments or on examination scripts. Course work assignment sent by

fax or e-mail will not be accepted.

After grading, course work assignments will not be returned to students. If you wish to

obtain a copy of your course work you must make a copy before you submit it for grading.

Graded course work can be viewed briefly. Students will not be allowed to take away the

graded course work. The facility for viewing graded course work will be available

immediately after the course work marks have been placed on the Notice Board. This

facility will be available for 10 working days. Course work marks will not be given out

over the telephone or to third parties. Students who fail the course work (receive a mark of

less than 50%) must see the Lecturer within 5 days after the course work marks have been

placed on the Notice Board to discuss her/his course work submission.

29

Examinations

Students are not allowed to write examinations in pencil Examination scripts written in

pencil will not be graded. A pass/fail list for each course offered during the semester will

be placed on the Notice Board within 4 weeks after the date of the examination for that

course. Examination scripts can be viewed briefly. Students will not be allowed to take

away graded scripts. The facility for viewing graded scripts will be available immediately

after the pass/fail list has been placed on the Notice Board. This facility will be available

for 10 working days.

Final examination marks will not be given out to students who visit the office, to students

who telephone or to third parties. If you wish to view your final mark for a course you must

do so online (unofficial transcript) Students who fail the final examination (receive a mark

of less than 50%, an FE designation) must see the Lecturer as soon as possible after the

pass/fail list has been placed on the Notice Board to discuss her/his performance.

In order to pass the course work or final examination a graduate student must receive a

minimum mark of 50% out of 100%. In order to pass a course you must pass both the

course work and the final examination. You must do over the section of the course

(course work or final examination) you failed. If you fail both sections you must do over

the entire course (course work and final examination). The following symbols are used to

communicate examination results:

P – Pass

FC- Fail Course Work

FE – Fail Examination

F – Fail Examination and Course Work

Students who fail a course twice normally are asked to withdraw from the

programme. However, if MSBM is aware of extenuating circumstances why a student

should be given a 3rd attempt at an examination, a recommendation will be made to the

Office of Graduate Studies and Research for approval of the Board for Graduate Studies

and Research

A graduate student, who is required to do an undergraduate course, must obtain a minimum

mark of 50% out of 100% in order to receive a passing grade.

30

Plagiarism

The unauthorized and/ or unacknowledged use of another person’s intellectual efforts,

ideas and creations under one’s own name is regarded as a form of cheating. If a student is

found guilty of plagiarism, the student will be awarded a fail grade in the course concerned

and may also be subject to other disciplinary actions.

master of science degree in enterprise risk management ...€¦ · mtrm6050 risk management &...

Documents