FINANCIAL AND ENTERPRISE RISK MANAGEMENT
Syllabus
EN
IT
Learning Objectives
LEARNING OUTCOMES: Organizations today operate in an increasingly complex and challenging environment. Recent financial crises and the pandemic have highlighted the severe consequences of neglecting or ineffectively managing business risks. The course aims to provide students with theoretical, methodological, and applied knowledge for the identification, assessment, management, and monitoring of major financial and business risks, adopting an Enterprise Risk Management (ERM) perspective. Particular attention is devoted to the integration of risk into managerial decision-making and to the main tools and frameworks used in business practice. The course addresses both financial and non-financial risks, including cyber risk, geopolitical risk, and energy & commodity risk, as well as tools for risk measurement, monitoring, and communication.Through real-world business cases, data and corporate documents, professional databases, and e-tivities, students will be required to apply and critically evaluate risk management methodologies and tools. The course also adopts an interdisciplinary perspective, considering the contribution of behavioural sciences and neuroscience to understanding risk perception and decision-making under risk.
KNOWLEDGE AND UNDERSTANDING: Students will acquire in-depth knowledge of the main categories of financial and business risk, the principles of Enterprise Risk Management, the main reference frameworks, and the methodologies used to identify, measure, monitor, and communicate risks. They will also be able to understand the interdependencies among different categories of risk and their impact on business decisions.
APPLYING KNOWLEDGE AND UNDERSTANDING: Students will be able to apply risk management methodologies and tools to complex business problems, using qualitative and quantitative information derived from real-world cases, financial statements, corporate disclosures, and professional databases. They will be able to identify and classify risks, select appropriate indicators and measurement methodologies, interpret the results of their analyses, and formulate well-supported proposals for risk management and mitigation.
MAKING JUDGEMENTS: Students will develop the ability to critically evaluate risk management frameworks, methodologies, and systems by comparing alternative approaches and identifying their strengths, limitations, and conditions of applicability. Through the analysis of real-world business cases, students will also be required to make independent judgements regarding firms’ risk profiles and the adequacy of their risk management strategies.
COMMUNICATION SKILLS: Students will be able to use risk management terminology appropriately and communicate the results of their analyses in a clear, concise, and well-reasoned manner, adapting their communication to both specialist and non-specialist audiences.
LEARNING SKILLS: Students will develop the ability to independently update and expand their knowledge of risk management through the critical use of scientific literature, corporate reporting, professional databases, artificial intelligence and programming tools, as well as documents produced by professional associations and national and international institutions.
KNOWLEDGE AND UNDERSTANDING: Students will acquire in-depth knowledge of the main categories of financial and business risk, the principles of Enterprise Risk Management, the main reference frameworks, and the methodologies used to identify, measure, monitor, and communicate risks. They will also be able to understand the interdependencies among different categories of risk and their impact on business decisions.
APPLYING KNOWLEDGE AND UNDERSTANDING: Students will be able to apply risk management methodologies and tools to complex business problems, using qualitative and quantitative information derived from real-world cases, financial statements, corporate disclosures, and professional databases. They will be able to identify and classify risks, select appropriate indicators and measurement methodologies, interpret the results of their analyses, and formulate well-supported proposals for risk management and mitigation.
MAKING JUDGEMENTS: Students will develop the ability to critically evaluate risk management frameworks, methodologies, and systems by comparing alternative approaches and identifying their strengths, limitations, and conditions of applicability. Through the analysis of real-world business cases, students will also be required to make independent judgements regarding firms’ risk profiles and the adequacy of their risk management strategies.
COMMUNICATION SKILLS: Students will be able to use risk management terminology appropriately and communicate the results of their analyses in a clear, concise, and well-reasoned manner, adapting their communication to both specialist and non-specialist audiences.
LEARNING SKILLS: Students will develop the ability to independently update and expand their knowledge of risk management through the critical use of scientific literature, corporate reporting, professional databases, artificial intelligence and programming tools, as well as documents produced by professional associations and national and international institutions.