• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Course subject Actuarial Studies

This course aims to develop expertise in several aspects of Enterprise Risk Management including a thorough understanding of:
• the concept of ERM
• the drivers behind ERM - governance, regulation, improvements in understanding of risk and techniques for measuring and managing risk, enterprise value protection and creation etc
• practical aspects of ERM, including all elements of a robust risk management framework (people, systems, processes) and its operation, and critical success factors
• standards and good practice in use around the world
• the different types of risk - financial (including liquidity, credit, equity market, interest rate), insurance (including catastrophe, mortality, product options), operational, and strategic
• the quantification of risk, including tools and techniques and supporting mathematics with particularly strong skills in the financial aspects of risk management.
 

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

Upon successful completion of the requirements for this course, students will be able to:

  • Implement the basic steps in the risk management process for any individual type of risk and in aggregate
  • Recognize how corporate governance issues can affect risk management within an organization, including organization structure and compensation incentives to accept or control risk
  • Utilize the standard methods for reporting risk to boards and senior management

 

For the risks currently developed enough to be modeled effectively:

  • Independently develop reasonable models to quantify risk by type and in aggregate, including parameterisation, running and explaining the model and the results to a variety of audiences

 

For other types of risk that do not currently lend themselves to sophisticated modelling:

understand the key issues related to these risks and demonstrate current understanding of new developments in these areas.

Indicative Assessment

The following is a proposed indicative assessment.  All assessment will be compulsory.

 

 

  • Mid-semester examination 15% 90 Minutes
  • Final examination 60% 3 hours
  • Class Presentation 10%
  • Written Assignment 15%


The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

Ten hours per week of combination of lectures, PC Lab sessions and/or tutorials plus private study time.

Prescribed Texts

TBA

  • The readings will be based on a mix of publicly available documents which can be accessed via the Wattle site, and text/s which will likely be chosen from the list proposed by the CERA Global Treaty.

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
2
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee Description
1994-2003 $3084
2014 $3246
2013 $3090
2012 $3090
2011 $3090
2010 $3090
2009 $3090
2008 $3090
2007 $3090
2006 $3090
2005 $3084
2004 $3084
International fee paying students
Year Fee
1994-2003 $3084
2014 $3942
2013 $3762
2012 $3756
2011 $3756
2010 $3756
2009 $3450
2008 $3450
2007 $3450
2006 $3366
2005 $3084
2004 $3084
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
3229 16 Feb 2015 06 Mar 2015 31 Mar 2015 29 May 2015 In Person N/A

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