AF6037 - Risk in Financial Insitutions II

The module will be taught through lectures (24 hours) seminars (12 hours) tutor directed (82 hours) and independent study (82 hours). The lectures are the primary medium used to deliver the basic knowledge and subject material required to enable students to meet the module learning outcomes. Lectures will be research-led with a significant practical component attached to them. Seminars will be used to develop understanding and knowledge by reinforcing subject material and exploring relevant issues with material distributed in advance. It will involve individual and group work, presentations and discussion which will develop discussion and analytical skills. The seminars will provide an opportunity for you and the teaching team to interact and discuss the materials with other students. The emphasis will be on high levels of participation both individually and within small groups.
The module will involve both directed and independent learning. Directed learning plays a key part in the achievement of the module learning outcomes and provides an opportunity for self-assessment of your progress throughout the semester. Directed learning may include a range of activities including pre-reading, preparation for seminar activity and preparing for presentations. Independent learning is learning which you identify by pursuing areas of interest that provides deeper or broader knowledge of the subject, through a range of learning activities that might include reading, reflection and research.

You will be supported by a teaching and learning plan (TLP), which outlines the pattern and content of formal sessions, together with tutor-directed study and independent reading. You will be supported throughout by the module teaching team who are available to answer your questions either in person or by email/telephone. Your module is supported by the e-learning portal, which includes lecture and seminar materials as well as additional material for independent study. Your lectures will be recorded and uploaded to the e-learning portal which you will be able to access to consolidate your knowledge and develop understanding. Your electronic reading list includes core material to support your lectures/seminars and a comprehensive range of professional and regulatory reports/articles and academic journal articles relevant to your studies.

All modules at Northumbria include a range of reading materials that students are expected to engage with. Online reading lists (provided after enrolment) give you access to your reading material for your modules. The Library works in partnership with your module tutors to ensure you have access to the material that you need.

Knowledge & Understanding (KU):
• Develop a knowledge and understanding of interest rate, foreign exchange, operational and systemic risk. (MLO1)
• Critically evaluate effective fraud assessment frameworks to prevent fraud within financial institutions. (MLO2)

Intellectual / Professional skills & abilities (IPSA):
• Develop quantitative and qualitative evaluation skills whilst measuring and managing the risks covered in this module. (MLO3)
• Develop an ability to apply regulatory requirements to real-life banking and financial institution scenarios (MLO4)

Personal Values Attributes (PVA):
• Develop a cultural and ethical awareness of the impact of risk management systems on organisational decision-making and their antecedents' effects on financial institutions. (MLO5)

Formative Assessment:
Formative assessment will take place through individual and group work on directed questions/case studies to take place at the end of each substantive area covered in the module. You will discuss these substantive areas in the workshops after each lecture so that you can obtain direct feedback on the module content and the assigned tasks. You should be aware that formative feedback can and will occur in any communication with the academic tutor.

Summative Assessment:
The module will be assessed by one element:
• 3,000 words assignment (100%) (MLO1, MLO2, MLO3, MLO4, MLO5)

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The banking and financial services industry operates in a risk-structured environment. Financial institutions are required to measure, manage and transfer risk under the constant eye of the financial regulators. This module focuses on the specific area of treasury risk arising from interest rate and foreign exchange rate risk. You’ll also explore the dynamic world of operational risk and fraud risk assessment within financial institutions. Finally, you’ll investigate how the risks of financial institutions risk are linked via systemic risk and which institutions may be more susceptible to shocks.