Enterprise Risk Management (MSC)
Programme Overview
The programme is designed to produce graduates proficient in contemporary risk analysis techniques and management practices to address complex risk issues.
Programme Objectives
Offered by Mona School of Business & Management in conjunction with the Department of Mathematics, Faculty of Science & Technology, University of the West Indies, the main aims of the MSc-ERM are to:
• Introduce the basic concepts and techniques of quantitative risk management across an enterprise, as well as the business context in which such risk management takes place.
• Provide a good grounding in risk management best practices.
• Identify and measure risks; to take actions to mitigate risks and exploit opportunities.
• Apply quantitative as well as qualitative approaches to risk management.
• Familiarise students with computational techniques and risk management software.
Admission Requirements
Applicants must:
Have a minimum GPA of 3.0 in a Bachelor’s degree (or equivalent from an overseas institution) in a quantitative discipline.
N.B. Preference will be given to those applicants with three (3) years of relevant work experience.
Programme Structure
Core Courses
Corporate Finance
Credit Risk Management & Modeling
ERM Concept, Framework & Process
ERM Governance
ERM in the Global Business Environment
Ethical, Legal & Regulatory Framework for ERM
Financial Markets
Quantitative Analysis of Financial Data
Risk Categories and Identification
Risk Management & Optimization
Risk Management in the Business Enterprise
Stochastic Calculus
The Economics of Enterprise Risk Management
Time Series Analysis
Non-Credit Courses
Computer Business Applications
Statistical Methods
Mathematics for ERM
Integrative Module
Enterprise Risk Management Integrative Module
(Leading Issues in ERM: A Project-Based Approach)
The primary aim of this research project is to help students develop the capability to use the concepts, frameworks and techniques presented in the ERM courses to analyze and integrate the skills and concepts into a practical risk management framework to address enterprise risks confronting a business enterprise and its related Industry.