FIN254 Risk Management Framework

This subject focuses on regulatory frameworks and corporate governance structures and assesses the effect of common business risks on organisational performance and society. Students examine risk management frameworks and risk models in controlling and mitigating acceptable levels of risk.

In this subject, students use case studies based on real-life scenarios to investigate the implementation of these frameworks and models in a financial institution.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, students should be able to:

      1. Assess regulatory frameworks and corporate governance structures that seek to reduce the adverse effect of common business risks on organisational performance and society.
      2. Apply valuation and risk models in assessing finance-specific risks.
      3. Evaluate a financial institution’s implementation of an enterprise risk management framework.
      4. Examine the use of risk management frameworks in controlling and mitigating acceptable levels of risk within a financial institution.
  • Subject content
    • Topic Title
      Topic 1 Risk and regulation in the finance industry
      Topic 2 Risk governance, tolerance and controls
      Topic 3 Evaluating risk
      Topic 4 Value at risk and other financial risk models
      Topic 5 Enterprise risk management (ERM) framework
      Topic 6 Economic Capital
      Topic 7 Asset liability management (ALM) framework
      Topic 8 Funds transfer pricing (FTP)
      Topic 9 Operational risk management framework
  • Duration
    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Prerequisites
    • There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Whilst there are no prerequisites for this subject, Kaplan assumes that students have completed FIN204 Fundamentals of Financial Risk or understand the content covered in this subject, prior to undertaking FIN254 Risk Management Frameworks.

  • Course transition subject equivalence
    • Students  may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

      • there are no equivalences for this subject.
  • Reading list
    • There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.