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ES50090: Financial risk management

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Exam (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: While taking this module you must take ES50074
Learning Outcomes: By the end of this unit, the student should be able to:
* define risk and how to measure it coherently;
* assess the suitability of current and proposed risk management practices;
* apply risk management techniques to a wide range of problems faced in financial institutions;
* understand the current requirements with respect to risk management.

Aims: The aim of this unit is to provide students with an overview of current risk management theories and practices. Students will be exposed to the current thinking in risk management in financial institutions and the limitations these practices have.

Skills: Intellectual Skills
* the facility to apply subject-specific knowledge into a range of complex situations; TFA
* a critical awareness of current issues and frameworks in banking; F
* the ability to acquire and analyse data, information and situations; to evaluate relevance and validity, and to synthesise it in the context of finance problems; FA
Professional Practical Skills
* evaluate the current standing of theories and empirical evidence and suggest improvements for the operation and regulation of banks; TFA
* operate effectively both independently as well as within teams and assume leadership roles where appropriate; FA
* be self-directed and able to act autonomously in planning and implementing. F
Transferable/Key Skills
* ability to conduct in-depth research into finance problems. FA
* the facility to communicate including presenting and marketing themselves and their ideas. FA

Content: This unit covers topics in risk management such as:
* risk measurement;
* Value at Risk;
* credit risk modelling;
* capital allocation;
* integrated risk management;
* risk regulation.

Programme availability:

ES50090 is Optional on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
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