Course ObjectiveThis course offers a comprehensive introduction to new devolepments in
Risk Management and how this impacts the risk management of financial
institutions. The course is structured in six parts, covering the most
interesting new developments:
3. Risk Management and Big Data;
4. Crisis Management;
5. Machine Learning and Robotics;
6. Possibilities and risks of Blockchain.
All six parts of the course are closely knitted to the learning goals of
Academic and Research Skills, Bridging Theory and Practice. You
will enlarge your horizon and learn to think forward.
By the end of the course students should be able to (for each part):
- Explain how the new developments impacts the financial institutions;
- Illustrate what the consequences are for financial institutions;
- Analyse and motivate why these risks need to be mitigate;
- Develop possible solutions (plan of approach) to mitigate these risks;
- Create a view on future developments regarding these new developments.
Course ContentTechnology causes new developments in Risk Management. In the recent
years it is accelerating and the regular financial institutions have to
deal with it. This course will cover the most important developments,
such as cybercrime, forensic research (to give more insight in e.g.
anti-money laundering and terroristic financial transactions) and
What are the possibilities of “Big Data”? How can we use this data to
improve risk management? What are the pitfalls of Big data and how can
we use Machine Learning?
You will also gain a good view on crisis management in financial
institutions. You will also be able to interpret and discuss the failure
of financial institutions. Upon completion you will be able to outline a
good overview of
new developments, the risks and how you can deal with these challenges.
This course will be supported by Deloitte specialists.
Teaching MethodsInteractive lectures and Tutorials
Method of AssessmentFinal written exam (Individual assessment) and assignments.
Entry RequirementsThere is no formal entry requirement for the Deloitte minor Risk
Management except for VWO Wiskunde A (or B). Students should have
followed Risk Management in Banking and Risk Management for Financial
Institutions (offered in period 1)
LiteratureTo be defined and announced via Canvas.
Target AudienceThe Deloitte minor RMFI is for students from all bachelor programmes
(with some exceptions, see the admission criteria) who want to acquire
familiarity with Risk Management and Financial Institutions.
Recommended background knowledgeFinance I; Accounting I; A basic course in quantitative methods and/or
statistics is strongly recommended
|Language of Tuition||English|
|Faculty||School of Business and Economics|
|Course Coordinator||M.J. Hopman|
You need to register for this course yourself
Last-minute registration is available for this course.
|Teaching Methods||Study Group, Lecture|
This course is also available as: