New Developments in Risk Management

2019-2020

Course Objective

This 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:
1. Cybercrime;
2. Forensic;
3. Possibilities and risks of Blockchain.
4. Crisis Management;
5. Risk Management and Big Data;
6. Machine Learning and Robotics;

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 Content

Technology 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
Blockchain.
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 Methods

Interactive lectures and Tutorials

Method of Assessment

Final written exam (Individual assessment) and assignments.

Entry Requirements

There 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)

Literature

To be defined and announced via Canvas.

Target Audience

The 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 knowledge

Finance I; Accounting I; A basic course in quantitative methods and/or
statistics is strongly recommended

General Information

Course Code E_EBE3_NDRM
Credits 6 EC
Period P2
Course Level 300
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator M.J. Hopman
Examiner M.J. Hopman
Teaching Staff

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Study Group, Lecture
Target audiences

This course is also available as: