Semester-wise Syllabus for M.Com in Risk Management

Semester 1: Foundations of Risk Management

1. Principles of Risk Management

   • Types of Risk (Financial, Operational, Strategic, Reputational)

   • Risk Management Frameworks (COSO, ISO 31000)

2. Quantitative Methods for Risk Analysis

   • Probability Distributions, Monte Carlo Simulations

   • Value at Risk (VaR) & Conditional VaR (CVaR)

3. Financial Markets & Instruments

   • Derivatives (Options, Futures, Swaps) for Hedging

   • Credit Default Swaps (CDS), Securitization

4. Corporate Governance & Compliance

   • Basel Accords (Basel III/IV), Solvency II

   • SEBI/RBI Guidelines for Risk Disclosure

5. Elective 1

   • Behavioral Finance & Risk Perception

   • Cybersecurity Fundamentals

Semester 2: Advanced Risk Modeling & Mitigation

1. Credit Risk Management

   • Credit Scoring Models (Altman Z-Score, Merton Model)

   • Loan Portfolio Analysis, PD/LGD/EAD

2. Market Risk Management

   • Interest Rate Risk, FX Risk, Commodity Risk

   • Stress Testing & Scenario Analysis

3. Operational Risk Management

   • Fraud Risk, Supply Chain Disruptions

   • Key Risk Indicators (KRIs), RCSA (Risk Control Self-Assessment)

4. Enterprise Risk Management (ERM)

   • COSO ERM Framework

   • Risk Appetite & Capital Allocation

5. Elective 2

   • Insurance & Risk Transfer (Reinsurance, Captives)

   • ESG (Environmental, Social, Governance) Risks

Semester 3: Specialized Risk Domains & Tools

1. Liquidity Risk & Treasury Management

   • Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR)

   • Contingency Funding Plans

2. Risk Analytics & AI

   • Machine Learning for Fraud Detection

   • Predictive Analytics in Risk Assessment

3. Regulatory Technology (RegTech)

   • Automated Compliance Reporting

   • Anti-Money Laundering (AML) Tools

4. Elective 3

   • Project Risk Management (PMP/PRINCE2)

   • Political & Geopolitical Risk Analysis

5. Industry Internship

   • Risk Consulting Firms, Banks, Rating Agencies

Semester 4: Strategic Risk & Capstone

1. Strategic Risk Management

   • Mergers & Acquisitions Risk

   • Black Swan Events & Crisis Management

2. Risk Leadership & Decision-Making

   • Risk Culture in Organizations

   • Board-Level Risk Oversight

3. Capstone Project

   • Real-world Case Study (e.g., Bank Stress Test, Corporate Default Prediction)

4. Dissertation

   • Research on Emerging Risks (e.g., Climate Risk, Crypto Risks)

5. Elective 4

   • Advanced Derivatives for Risk Mitigation

   • Behavioral Risk Modeling