Risk Analytics is focused on how to perform risk assessment and management, a high demand area of of the financial services sector. Students will be introduced to both the concepts and practice of risks analysis and management, including market, credit and operational risk.  The module will also look at the theory of risk analysis, drawing from statistics, finance and computer science.  Thus, both theory and practice are emphasised. Students gain a conceptual framework and proper technical grounding for understanding risk, as well as learning how to actually practice risk analysis and management.

By the end of the module, the student should be able to:

• demonstrate a systematic understanding of the main risk measures available and the motivations underlying each one;
• critically evaluate each risk measure, and suggest new measures that improve on them;
• demonstrate a comprehensive knowledge and understanding of the major existing regulatory requirements associated with risk management;
• critically appraise the limitations of these requirements, and critically assess drivers of future risk management regulation;
• develop apply and critically evaluate strategies for managing portfolio risk, with a particular focus on understanding recent failures in risk management.