Master
2025/2026
Integrated Risk Management
Type:
Elective course (Master of Business Analytics)
Delivered by:
Master's Programmes Curriculum Support
Where:
Faculty of Economic Sciences
When:
1 year, 4 module
Online hours:
20
Open to:
students of one campus
Instructors:
Sergei Grishunin
Language:
English
ECTS credits:
3
Contact hours:
8
Course Syllabus
Abstract
Recently, financial and non-financial companies entered the era of Fourth Industrial revolution (Industry 4.0). It opens up new opportunities for companies to boost profitability and value, but increases their exposure to risks (including fundamentally new risks). To survive in this turbulent and volatile environment companies must adopt the new generation of risk management system – risk intelligent enterprise. It (1) aligns and people, process, tools, technologies, and governance into one system; (2) fosters decision making in the “value-risk” coordinates; (3) accelerates the attainment of strategic goals, drives resilience and delivers enhanced financial results. The course is included into the professional optional part of the online degree Master program and is designed to develop main methodological provisions, frameworks of intelligent approach in risk management and primary skills in integrating risk management into strategic management and business planning.
Learning Objectives
- To obtain the theoretical foundations for building an integrated risk management system in an industrial enterprise and its relationship to corporate finance.
- To master in practice the tools of identification, analysis, assessment, monitoring and communication of risks.
Expected Learning Outcomes
- Know the main operational risks
- Know the content and methods of assessment (modeling) of the main risks of credit institutions and other financial companies
- Know the financial model as the main tool for assessing the riskiness of a project/investment and its profitability, its structure
- Develop a strategy for eliminating risks (hedging, diversification, insurance).
- Knows the properties of derivative financial instruments. Has skills in hedging financial risks using derivatives.
- Analyzes strategies of behavior in conditions of risk
Course Contents
- Risk management. Topic 1. Fundamentals of risk management
- Risk Management Topic 2. Credit risk assessment
- Risk management. Topic 3. Market risks
- Risk management. Topic 4. Operational risks
- Risk management. Topic 5. Strategic risks
- Risk management. Topic 6. Integrated risk management
Bibliography
Recommended Core Bibliography
- Crouhy M., Galai D., and Mark R. (2014). The Essentials of Risk Management. Second Edition. McGraw-Hill.
- Risk management in plain english : a guide for executives, Marks, N., 2018
Recommended Additional Bibliography
- Mars, G., & Weir, D. (2019). Risk Management : Volume II: Management and Control. Routledge.