MSc Financial Services, Risk and Operations
The MSc in Financial Services, Risk and Operations provides a unique opportunity to study the current operations and risk management practices within international financial institutions.
We work closely with the industry to develop content and deliver modules which are essential for the financial services. After completing the programme you will be equipped with the knowledge demanded for the fast-moving and dynamic financial services industry.
Given the current financial climate it is important that those entering the financial services sector to have a holistic knowledge of financial institution operations and the risks associated with these operations. Examples of key risks that you will study in detail while you are with us include the measurement and management of: credit risk, liquidity risk, market risk and operational risk. These risks will be placed in context of bank operations that give rise to these risks such as: asset transformation; bank lending techniques; liquidity management; asset liability management; the use of financial derivates, loan sales and securitisation. In addition, you will study financial service regulation, risk-based supervision and spend time analysing the measurement and control of capital.
The programme provides you with a unique opportunity to concentrate upon the operations and management of financial institutions.
This programme is offered full-time and part-time. You can start in September or January.
Why Choose This Programme
Many postgraduate banking and financial services qualifications are based upon a particular academic discipline such as: finance; management or economics, which is then adapted for, or related to, the financial services sector. Many programmes allude to, but fail to cover, bank operations or risk management. By contrast, the team of academics who deliver the MSc Financial Services, Risk and Operations here at Caledonian have many years of experience of specialising in the internal operations of financial institutions enabling them to deliver programmes informed, not by the confines of specific academic disciplines, but by developments taking place within the financial services industry itself especially the banking industry. The programme team works hard to bring together a unique combination of academic and industry experts in order to deliver industry-focused academic education.
The programme focuses on an exciting growth area within financial services that of risk management. Modules evolve and develop each year but you will study subjects including: bank financial risk; operational risk, financial market and product risk, financial regulation and operations and strategies including a focus on the use of securitisation in the banking firm. If you see your career developing in this exciting, fast-paced area of financial services you will leave us with the knowledge to make a real and immediate impact in the industry.
What will I learn
On successful completion of the programme we expect you to be able to:
•explain both the fundamental and advanced aspects of domestic and international financial services operations;
•understand financial and operational risk measurement and management techniques;
•understand the role of regulation in bank operations;
•apply relevant analytical techniques in order to analyse problems and issues arising within financial services firm operations;
•evaluate theory through critical appraisal of current research in the area of financial services
•select and utilise relevant research methods in order to analyse key issues in financial services firm.
Assessment and Awards
Assessment strategies aim to test subject knowledge, independent thought and skills acquisition. They are balanced in accordance with the learning outcomes of each module. The Programme uses an array of different techniques in order to test a variety of skills. These include: case study analysis; essay writing; short answer continuous assessments; presentations; essays and examinations. Significant emphasis is placed on independent learning throughout the assessment period. You are encouraged to manage your own learning and embrace the values of rationality, reflection, critical appraisal and self-development.
Successful completion of the eight subject-specific modules entitles a student to be awarded a Postgraduate Diploma in Financial Services, Risk and Operations. The Dissertation also needs to be successfully completed for the award of the MSc in Financial Services, Risk and Operations.
Normally the holder of a degree in financial services, insurance, banking, actuarial studies, business, management, economics, finance, accounting, investment or any financial services related subject.
However, where appropriate, students with an unrelated degree wishing to move in to this area will be considered. The overriding consideration will be the Programme Board's assessment of the student's ability to undertake the Programme successfully.
Students whose first language is not English will normally be required to hold the equivalent of an IELTS test score of 6.0 with no element less than 5.5.