3 credits
15.0 h
Q2
Teacher(s)
De Longueville Philippe;
Language
English
Prerequisites
Courses of the 1st year of the master in actuarial science
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Main themes
Quantitative risk management by enterprises
Aims
At the end of this learning unit, the student is able to : | |
| 1 | Based on this course, the student is able to identify the risks faced by the enterprise, to measure their impact and to design an appropriate strategy to manage them. |
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
Enterprise risk management (ERM) is the process of coordinated risk management of the organization's full range of risks as a whole. It consists in systematically and comprehensively identifying critical risks, quantifying their impact and implementing integrated strategies to maximize the Enterprise value.
ERM not only covers the management of "pure" risks through the purchase of insurance and the management of financial risk with the use of derivative financial products but takes a 360'degree view of the organization's risk profile.
The goal of ERM is to better understand the resistance of the enterprise to its key risks and to better manage enterprise risk exposures to the level desired by the management.
The course covers the following topics:
- capital funding and structure,
- financial reporting,
- measuring value,
- enterprise risk management framework,
- ERM fundamentals,
- credit risk,
- operational risk,
- and strategic risk.
ERM not only covers the management of "pure" risks through the purchase of insurance and the management of financial risk with the use of derivative financial products but takes a 360'degree view of the organization's risk profile.
The goal of ERM is to better understand the resistance of the enterprise to its key risks and to better manage enterprise risk exposures to the level desired by the management.
The course covers the following topics:
- capital funding and structure,
- financial reporting,
- measuring value,
- enterprise risk management framework,
- ERM fundamentals,
- credit risk,
- operational risk,
- and strategic risk.
Teaching methods
Ex caethedra lectures supported by case studies.
Online resources
Course material available through icampus.
Bibliography
Les transparents se basent principalement sur
- Doherty, N. (2000). Integrated Risk Management: Techniques and Strategies for Managing Corporate Risk. McGraw Hill.
- Sweeting, P. (2011). Financial Enterprise Risk Management. Cambridge University Press.
Faculty or entity
LSBA
