- Code ACST8060
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Actuarial Studies
- Areas of interest Actuarial Studies, Finance, Statistics
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.
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:
- Demonstrate an understanding of risk management frameworks for financial organisations and in different regulatory environments.
- Demonstrate an understanding of the relevance of ERM to stakeholders.
- Describe and show an understanding of different risk categories.
- Recommend methods to manage an organisation’s risk, including risk optimisation, and management of market risk, credit risk, operational and other risks.
- Demonstrate an understanding of economic capital and capital allocation.
This subject, in conjunction with ACST4061/ACST8061 provides the opportunity for exemption from Module 1 of the Part III academic requirements of the Actuaries Institute. Such exemption depends on the grades attained over both subjects.
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%
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Ten hours per week of combination of lectures, PC Lab sessions and/or tutorials plus private study time.
Requisite and Incompatibility
- 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.
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. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|3858||15 Feb 2016||26 Feb 2016||31 Mar 2016||27 May 2016||In Person||N/A|