INS5022 - Advanced Enterprise Risk Management

INS5022 - Advanced Enterprise Risk Management

Course Title

INS5022 - Advanced Enterprise Risk Management

MQF Level

7

Duration and Credits

Summer Period

5 ECTS

Mode of Study

Part-Time Day

Information for International applicants

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Please check your eligibility to join this short course and time-tabling details with the Faculty of Economics, Management and Accountancy. The short course will only be delivered subject to a minimum number of applications being received.

This study-unit is based on practical learning material developed and updated together with the Federation of European Risk Managers (FERMA)’s and the Public Risk Management Organization (PRIMO) team of risk experts. It covers the main blocks of the Body of Knowledge, Case Studies and Practical Exposures which are the object of a Risk Management Professional. That is Risk Management Frameworks, Strategies, Objectives, Standards, responsibilities, Policies and tools.


Main Reading List

  • Study Material Provided by FERMA and put on VLE.

Study-unit Aims

  • To set out the fundamental knowledge that applicants will require for a career in risk management.
  • To set risk management within the broader context of an organisation.
  • To determine the mechanisms and tools that are required for the treatment of risks and losses, with particular emphasis on control and reduction measures.
  • To communicate the nature, purpose and steps involved in risk control.

Learning Outcomes: Knowledge and Understanding

By the end of the study-unit the student will be able to:

  • Define the process of risk identification, assessment and evaluation within an organisation;
  • Communicate and report the nature, purpose and steps involved in risk control;
  • Identify and communicate financing techniques; the principles underpinning insurance; and the primary benefits insurance contributes to society.

Learning Outcomes: Skills

By the end of the study-unit the student will be able to:

  • Pro-actively Identify, compile, analyse, evaluate and measure exposure to the following risks:
    • Probable
    • Accidental
    • Extraordinary business losses faced by individuals and organisations
    • Emerging (for example cyber, social media and climate change risk)
    • Reputation
    • Regulatory
    • Supply chain
    • Financial
    • Legal
    • Property
    • Personnel
    • Political
    • Environmental
    • Fraud
  • Determine and suggest the range of risk control techniques, including prevention, protection and reduction techniques available;
  • Determine and develop loss prevention and protection strategies, as well as engage with business units.

Non EU Applicants:

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Micro-credentials offer the possibility of providing flexible learning pathways to respond to evolving needs and new developments, thus enabling students to tailor their studies to their needs. Micro-credentials may be combined or transferred into larger credentials, such as certificates, diplomas and degrees, provided that the relevant programme requirements are met. Applicants wishing to transfer micro-credentials to a programme of study are encouraged to seek the advice of the relevant academic entity.

Business Stream

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https://www.um.edu.mt/courses/overview/vistaema-ins5022-sp-a-2024-5-f/