Risk Management and Financial Institutions
Essex Business School
Undergraduate: Level 6
Sunday 15 January 2023
Friday 24 March 2023
30 May 2022
Requisites for this module
BSC N420 Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad),
BSC N390 Banking and Finance,
BSC N391 Banking and Finance (Including Foundation Year),
BSC N392 Banking and Finance (Including Placement Year),
BSC NH90 Banking and Finance (Including Year Abroad),
BSC N344 Finance and Management,
BSC N345 Finance and Management (Including Year Abroad),
BSC N346 Finance and Management (Including Placement Year),
BSC N347 Finance and Management (Including Foundation Year),
BSC N355 International Business and Finance,
BSC N356 International Business and Finance (Including Placement Year),
BSC N357 International Business and Finance (Including Year Abroad),
BSC N358 International Business and Finance (Including Foundation Year),
BSC N358CO International Business and Finance (Including Foundation Year)
This module is about defining, measuring and managing the various risks that are inherent in the business of finance, with special emphasis on the business of commercial banking.
To help students understand and measure various types of risks in the financial market and how they affect the value of portfolios; introduce the features and applications of important financial derivatives that can be used in risk management; and to discuss and analyze cases of how risk management is conducted in the real world.
On successful completion of the module, students will be able to:
1. Identify exposure to different types of risk
2. Understand and be able to apply Value-at-Risk (VaR)
3. Use derivatives to hedge equity, bond, interest-rate and currency risk
4. Quantify the impact of market movements on portfolio value
Skills for Your Professional Life (Transferable Skills)
Upon successful completion of the module, students should be able to:
1. Be able to price a bank loan given a customer's credit information and market parameters
2. Be able to comment on the role and impact of the Basel accords in the development of banking regulation around the globe
3. Be able to interpret what a credit rating means
4. Improve research skills through the use of the Google Scholar search platform
5. Develop critical thinking through the use of recent article journals
6. Evaluate learning outcomes on case studies, i.e. Long Term Capital Management, Pine Street Capital, among others.
This module is part of the Q-Step pathway. Q-Step is an award which you can gain simply by enrolling on specific modules and will signal to employers your capability in quantitative research. Learn more about the Q-Step pathway and enhance your degree now.
There will be a two-hour lecture per week. Students are encouraged to come prepared to these lectures, ask questions and participate otherwise. At the end of each lecture, students will also receive a weekly assignment, consisting of practical problems and concept questions.
The above list is indicative of the essential reading for the course.
The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students.
Further reading can be obtained from this module's reading list
Assessment items, weightings and deadlines
|Coursework / exam
||In Class Test
||Main exam: Remote, Open Book, 24hr during Summer (Main Period)
||Reassessment Main exam: Remote, Open Book, 24hr during September (Reassessment Period)
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Module supervisor and teaching staff
Dr Emmanouil Pyrgiotakis, email: email@example.com.
Dr Emmanouil Pyrgiotakis and Liangrong Chunyu
No external examiner information available for this module.
Available via Moodle
Of 6 hours, 2 (33.3%) hours available to students:
4 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
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The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
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