
Overview
The field of finance is rapidly evolving due to customer sophistication, globalisation, financial derivatives, and Financial Technology (FinTech). Planning for potential risks allows for the creation of a financial business strategy that seeks a constant upward trend. This financial business strategy is built literally with the goal of keeping the business profitable and managing financial pitfalls that lead to disaster. These could include unsound business investments, taking on projects that are not cost-effective or paying too much for materials/manpower to complete business projects. Risk can never be totally avoided, but with effective risk management, its effects can be mitigated to negligible levels. Risk can never be totally avoided, but with effective risk management, its effects can be mitigated to negligible levels.
This programme is designed to fill in the gap of financial risk management among the industry practitioners. The aim of this programme is to equip students with knowledge and skills in order for them to carry out financial risk management roles in the sectors such as: insurance, pension, banking and public sector. The programme also aims to facilitate the development of academic, research, econometric and global finance competences of candidates who have completed the of professional accountancy qualifications such as ACCA, CIMA and ZiCA to enhance their capacity to provide research-based solutions to organisational challenges.
ADMISSION CRITERIA
To qualify for admission to the FRM degree programme an applicant must have a minimum of any of the following qualifications:
- Full qualifications in either ACCA, CIMA, CA Zambia, CIT, ZiCA or any other recognised professional accountancy qualification.
- BSc in Accountancy, Banking, Economics or Finance or Econometrics or Statistics
- BSc Actuarial Science
- Any finance related qualification
DURATION OF STUDY
The period of study for the award of the MSc in Financial Risk Management degree shall be not less than 18 months and not more than 36 months (3yrs).
Distance education (DE) students
- A distance education student shall register for and take three or four courses in each semester; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.
- A distance education student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.
- A distance education student who fails in one course in any academic year may be permitted to proceed to next level courses; provided that the student repeats the course at the first available opportunity.
- A distance education student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.
- A distance education student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.
Part time students (Evening)
- A part time student shall register for and take three courses in any semester of the academic year; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.
- A part time student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.
- A part time student who fails in one course in any academic year may be permitted to proceed to the next level courses; provided that the student repeats the course at the first available opportunity.
- A part time student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.
- A part time student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.
Year 1 Courses
Semester 1 | Semester 2 | ||
Course Code | Course Title | Course Code | Course Title |
FRM111 | Research Methods | FRM142 | Risk Measurement Models |
FRM121 | Derivatives | FRM152 | Econometrics |
FRM131 | Risk Management | FRM162 | Managing Strategic Risk |
Year 2 courses
Semester 1 | |||
Course Code | Course Title | ||
FRM211 | Financial Reporting | ||
FRM221 | Dissertation | ||
FRM231 or FRM241 or FRM251 or FRM261 | Corporate Finance or Insurance Management or Pension Management or International Business Finance |
EXEMPTIONS (ACCREDITATION OF PRIOR LEARNING)
There shall be no exemptions from any course, regardless of a candidate’s qualifications
Course Features
- Lectures 0
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 3
- Assessments Yes