OPERATIONAL RISK MANAGEMENT
FIN5ORM
2017
Credit points: 15
Subject outline
Operational risk is one of the major risks that affect financialinstitutions and firms. Operational risk management is continually developing in response to increasing regulatory pressures and advances impacting the financial services industry. You will examine a range of strategies, techniques and models to manage, mitigate and quantify the exposure of financial institutions to operational risk. This subject is one of three subjects which you will consider how to measure and manage a financial services firm to market, credit and operationalrisk. Taken together these three subjects form the Financial Risk Management specialisation of the Master of Financial Analysis (FRM) degree which is aligned with the curriculum of the GARP FRM designation.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Doureige Jurdi
Available to Study Abroad Students: Yes
Subject year level: Year Level 5 - Masters
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: FIN5EME
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Graduate capabilities & intended learning outcomes
01. Demonstrate a high level of personal autonomy, creativity and initiative in applying theoretical concepts to analysing a firm or portfolio's exposure to operational risk factors and critically reflect on the effectiveness of the theoretical concepts to explain this exposure.
- Activities:
- Lectures and tutorials
- Related graduate capabilities and elements:
02. Demonstrate a high level of personal autonomy, creativity and initiative in defining strategies, which apply the knowledge and skills, to managing a firm or portfolio's exposure to operational risk.
- Activities:
- Lectures and tutorials
- Related graduate capabilities and elements:
03. Demonstrate a knowledge and understanding of the theoretical concepts associated with the measurement and management of operational risk that includes an understanding of recent developments in the risk management discipline and profession.
- Activities:
- Lectures and tutorials
- Related graduate capabilities and elements:
04. Demonstrate individually and in groups the cognitive, technical and creative skills to define, research and measure a firm to operational risk factors.
- Activities:
- Lectures and tutorials
- Related graduate capabilities and elements:
05. Demonstrate the communication skills needed to justify and interpret, recent empirical events, theoretical propositions, methodologies, conclusions and professional advice in relation to measuring and managing a firm or portfolio's exposure to operational risk.
- Activities:
- Tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
Melbourne, 2017, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Doureige Jurdi
Class requirements
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Mid Semester Exam (1.5 h) | 25 | 01, 02, 03, 04, 05 | |
| one 2.5-hour final examination | Hurdle requirement: Students must achieve at least 50% in the final examination as well as a total of 50% in the sum of the marks for all assessment tasks to pass the unit. | 50 | 01, 02, 03, 04, 05 |
| Group Semester Project (2000 words per student) | 25 | 01, 02, 04, 05 |