Operational risk management is a relatively new area in finance that has received significant attention in recent years. It is one of the major risks that affect firms and financial institutions. Operational risk arises from people, processes, systems and external events. Students will examine a range of strategies, techniques and models to manage, quantify and mitigate the exposure of the firm to operational risk. Students are also exposed to rigorous treatments of integrated risk management concepts and applications in financial institutions. This subject is one of three subjects which consider how to measure and manage a firm or portfolio's exposure to market, credit and operational risk, respectively.Taken together these three subjects form the specialisation which defines the Master of Financial Analysis (FRM)and aligns it to the curriculum of the leading globally recognised professional accreditation in financial risk management, the Financial Risk Management (FRM) accreditation

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