Core Module Information
Module title: Strategic Corporate Risk Management

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN11604
Module leader: Anna Du
School The Business School
Subject area group: Accounting and Finance
Prerequisites

There are no pre-requisites for this module to be added

Description of module content:

The module covers fundamentals of risk: features of risk, factors involved, categorisation of types, and risk management processes including the use of traditional risk management and enterprise risk management (ERM). We will consider the role of risk management and risk culture in the organisation, explain the functions of risk management including transfer/insurance, analyse the factors affecting a person’s response to risk, apply techniques for decision making under conditions of risk and uncertainty. We consider risk control options, review the need for contingency planning, discuss the means of planning for loss of a computer system, supply chain disruption and the specific requirements for cyber contingency and incident management. The rationale and preconditions for “captive insurance companies” are analysed. Consideration of risks requires a persepective from the micro, organisational level to a macro, market or global perspective and will encompass the Environmental, Social and Governance risks that may damage corporate reputation.

Learning Outcomes for module:

LO1: Critically review the theory and models underpinning of risk management and how these approaches can be applied in practice
LO2: Critically analyse the impact of human behaviour on attitudes to risk and risk mitigation
LO3: Critically appraise the factors risk managers need to take into account in order to prevent and manage the consequences of risk
LO4: Critically assess contemporary issues in risk management strategy, culture, and operations and implications for organisational resilience
LO5: Critically analyse risk issues and present this analysis for an informed audience using appropriate media

Full Details of Teaching and Assessment
2022/3, Trimester 2, ONLINE,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: ONLINE
Location of delivery: ONLINE
Partner:
Member of staff responsible for delivering module: Anna Du
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
This module is delivered remotely using pre-recorded lectures and with tutorials delivered online. The module is delivered with the support of structured online guidance and content in addition to recommended reading and textbooks. Tutorial topics are related to the learning outcomes although some outcomes may cover several topics. This overall structure encourages understanding of the wide range of issues which face organisations in terms of effective risk management. In doing this, the theoretical approach is combined with practical examples and discussed in terms of different organisational requirements. This means that you will have the opportunity to think like corporate risk managers and understand the nature of such a role. Key employability skills are embedded: Group work and collaboration (teams in tutorials and assessment); Communication, written in coursework and examination and oral in the delivery of group presentations; Business awareness, through understanding the ways in which risks are managed in a business environment. You are encouraged to contribute to online discussions via Moodle.



Formative Assessment:
Tutorial sessions provide an opportunity for you to test your understanding of the subject and receive both tutor and peer feedback.
Group level, formative assignments are available to enable practice of academic writing skills, analysis and demonstrating an awareness of risk management issues. These will be submitted online during the course of the module and help guide independent study.


Summative Assessment:
Assessment incorporates two elements:
1. Weeks 7-8: A presentation of c.10 minutes prepared and presented in groups. Each group is expected to demonstrate how each member contributed to the final delivery (the peer review of your performance is worth 10% of the total grade). The presentation will be live via Teams or similar system. The presentation skills (structure, clarity, relevance), ability to answer questions are assessed. This assessment carries a weighting of 40% overall for the module. Including questions the whole event will be c.30 minutes per group. LO1,LO3, LO5
2. Week 15: A critical assessment (report) on contemporary issues in risk management. The emphasis within the assignment is to enable you to investigate a topical or major issue relating to risk management. The holistic approach to the subject means you are expected to cover a number of the learning outcomes in your analysis. LO1-LO4

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Online Lecture 12
Online Tutorial 24
Independent Learning Guided independent study 164
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Oral Presentation 40 LO1,LO3, LO5 8 HOURS= 00.30
Report 60 LO1-LO4 13 , WORDS= 2500
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Indicative References and Reading List - URL:
Contact your module leader