BANKING RISK 1 (CORE, 20 CREDITS)
In this module, you will learn and examine the banking risk faced by banks and financial institutions. This module takes you through the specific areas of credit and market risks within the context of the relevant regulatory framework (The Basel Accords) and draws on case study material provided by high profile banks and financial institution.
You will be expected to develop an understanding of the nature of credit and market risks, its measurement models and management issues. The module will cover:
• A typology of risk in banking and financial institutions – definitions, types, and its importance as well as discussions on certainty, risk, and uncertainty.
• The nature and significance of market risk
• Measuring market risk through Value-at-Risk (VaR) models (variance-covariance, historical simulation and Monte-Carlo simulation models), back-testing, stress-testing, bootstrapping, expected shortfall and other regulatory models.
• Market risk regulatory framework using the Basel Accords.
• Credit decision-making and credit risk in consumer and industrial loans.
• Measuring credit risk through credit scoring models, credit VaR models (Creditmetrics, Creditrisk+).
• Credit risk regulatory framework using the Basel Accords.
• Counterparty Credit Risk (CCR) in derivatives and credit valuation adjustment (CVA).
INVESTMENT MANAGEMENT: RATIONAL AND IRRATIONAL MARKETS (CORE, 20 CREDITS)
The module aims to provide you with the knowledge and skills of applying a variety of quantitative and financial tools to construct, rebalance and evaluate portfolio consisting of financial assets mainly equities.
The module is organised within the themes of rational and irrational decisionmaking in investments (A Nobel Prize was awarded in 2013 to Eugene Fama and Robert Shiller for their contributions in these areas). The module delivers on Fama’s claim of markets efficiency, with people incorporating all available information into prices. It then extends onto Shiller’s view that investors, being human, can be swayed by psychology. Therefore you will learn the psychological influence and market efficiency alongside principles in the context of investment in real world financial assets. You will be exposed to a wide range of understanding techniques for use in rebalancing, comparing and analysis and evaluation of portfolio made of financial assets. Furthermore, you will gain practical understanding of various aspects of asset allocation, portfolio management strategies and important behavioural issues affecting your portfolio choice. The module is delivered to you using lectures and IT workshops, the workshops principally concentrate on the development of your trading software and Excel spreadsheet skills. Overall within the module you will explore the assumptions of rationality and irrationality in investments and their impact on decisionmaking.
BANKING RISK 2 (CORE, 20 CREDITS)
In this module, you will examine the interest rate, liquidity and operational risks face by banks and financial institutions. You will also learn the measurement and management aspects of these banking risks with the help of case studies within the banking and finance institutions.
Further, a key aspect of the module is to determine why an effective fraud risk assessment framework is essential to the banking and financial institutions. You will be developing and communicating an effective fraud risk assessment framework. Prominent real life financial disasters would also be examined to demonstrate how these issues can impact upon banking and financial institutions.
DISSERTATION (OPTIONAL, 40 CREDITS)
The dissertation module aims to equip you with the necessary intellectual and practical skills for undertaking an individual student-led, ethical investigation into an applied business (or the named degree) problem or issue.
In addition, the dissertation aims to equip you with key transferable, employability skills, including time management, project management, communication (written and verbal), negotiation, persuasion and influence, discovery, initiative, creativity and innovation in problem-solving analysis.
The module is student-led but you are supported by, initially, lectures and seminar workshops which provide an introduction to undertaking Business-Management research followed by one-to-one or small-group
UNDERGRADUATE CONSULTANCY PROJECT (OPTIONAL, 40 CREDITS)
The module aims to provide you with an opportunity to integrate the knowledge acquired during the programme and apply this to a consultancy project for a real organisation.
This consultancy project provides a vehicle for participants to develop and demonstrate key employability skills, to relate theory to practice, and to undertake a significant piece of
assessed work commensurate with a capstone module.
You will work on behalf of an external organisation, which has identified a business problem or question, requiring a solution, working in small group of typically 4 individuals (you will select your own team members), participating in group and individual activities. The host organisation will provide a project briefing, and review; students will be supported by appropriate academic
input and guidance from QFBA in the form of a mentor and via the Business Clinic.
SUSTAINABLE STRATEGIES (CORE, 20 CREDITS)
In the first instance the idea of sustainable strategies can be seen to be about a continuous and stable alignment between intent, formulation, implementation and outcome realisation for an organisation.
However, from a more comprehensive perspective it is about engaging a wide range of stakeholder domains, including the players along the value chain, society, and the environment.
This module will provide you with a perspective on core strategy from the vantage point of an organisation and the ability to analyse, formulate and critique business strategies. You will
be able to understand and reflect on the scope and limitations of tools and techniques deployed to inform business strategies and their sustainability premises.
It will, as a bolt on, impart an emphasis for stepping back and looking at strategies from a macro-level sustainability perspective as is very topical and at the forefront of policy and business concerns.