MSc in Quantitative Risk Management
Overview
This course will run for the first time in 2009-2010. It has been
designed to address the
demand in the financial services industry for advanced quantitative
risk management skills.
In recent years the regulators of both the
banking and insurance industries have been very concerned with the
development of capital adequacy systems to protect consumers,
policy-holders and ultimately the financial system from the dangers
posed by the failure of companies. In banking the Basel II
recommendations are being implemented by national supervisory
authorities, such as the FSA,
and in insurance a standard known as Solvency
II is
developing. The events surrounding the financial crisis of 2007-08
suggest
that risk modelling and risk regulation will gain new impetus in the
years
ahead.
The emerging profession of risk manager (see
GARP
and PRMIA) demonstrates the
growing importance of the area. People who understand "risk" are
required throughout the world of
financial services and quantitative modelling experts are in
particularly short supply. If you have
advanced mathematical and
quantitative skills, this is an exciting new
career path to consider.
Information for Potential Applicants
Information for Current Students