Learn with RISC @ York
We are offering innovative academic programs in order to educate risk professionals of the next kind that are capable to rise to the challenge of the new order of risk management.
Programs
Honours Bachelor’s in Actuarial Science
Topics: Mathematics, Statistics, Risk management and insurance, Economics, Accounting, Psychology
Actuaries are business professionals that use mathematics and statistics to assess risks incurred in future events and then to manage the financial impact of these risks on individuals, businesses, and societies. Actuaries that are coming out of our program are unique in that they boast outstanding mathematical proficiency alongside training in broader risk management and insurance; classical and behavioral economics; accounting; communication; psychology; persuasion and argumentation. Also, majority of our graduates would have at least one actuarial internship work-term completed prior to graduation. Thereby, our actuarial graduates are exceptional problem-solvers, subtle strategic thinkers and leaders, and transition seamlessly from academia to industry.
Honours Bachelor’s in Disastser and Emergency Management
Topics: Business continuity, Emergency management, Disaster management, Ethics, Critical communication.
This program develops both theoretical and practical management skills in preparation, response, and recovery from natural and man-made disasters. Students explore key concepts, methodologies and technologies, used by emergency management professionals while honing analytical and critical skills. Also, students gain a comprehensive understanding of how emergency management intersects with such other disciplines as psychology and sociology, discover strategies to help save lives and property, reduce damage and speed a community’s recovery from natural and human-induced disasters and emergencies.
Master of Finance with specialization in Financial Risk Management
Topics: Corporate finance; Private equity, Compliance, Risk management
Consistent with recent developments in the state of the art for financial risk management, the courses in this program ground students in the foundational aspects related to finance theory, risk measurement and options theory and practice as well as risk management and best practices from a broader perspective.
Certificates
Diploma on Risk and Insurance Management
Topics: Principles of risk management and insurance (RMI), RMI for social good and sustainability, Underwriting and risk engineering, RMI ecosystem, Distributions.
Co-developed with risk professionals from Zurich Insurance, Ernst and Yonge, Wawanesa, Milliman, and Sun Life Financial, this program prepares trainees to solve critical business and social challenges using fundamental and cutting-edge methods in risk management and insurance (RMI). DRIM is a unique route for virtually anyone - irrespective of their academic background - to explore the world of risk, secure a paid internship, and start building a lucrative career in an ever-expanding field of RMI.
Professional Certificate in Actuarial Science
Topics: Mathematics, Statistics, Quantitative risk management.
This certificate is an attractive and time-efficient option for those who are not enrolled in/do not have a full-fledged Honours Bachelor’s degree in actuarial science, and yet aspire a career in quantitative risk management. The curriculum will furnish the trainees with essential actuarial knowledge and also provide access to a broad network of actuaries and hiring managers in order to facilitate the jumpstart of a successful and rewarding career.
Certificate in Emergency Management
Topics: Business continuity, Emergency management, Disaster management.
Co-developed in close consultation with key professional organizations to address core skills and knowledge gap, this program develops: (1) understanding of the Emergency Response Cycle including hazard identification, risk analysis, risk evaluation and mitigation, preparedness, response and recovery; (2) ability to read, interpret, prepare and implement emergency plans, policies and procedures; (3) ability to work as a member of a team while also providing effective leadership.
Hybrid Academia-Industry Internship via Virtual Engagement
Topics: Risk Management, Insurance.
This is real and paid work integrated learning in Risk Management and Insurance (RMI) from the comfort of York University's Keele campus. HAIIvVE is an incubator that fuses industry and academia collaboration, research and applications, and practical experiential teaching and learning, all to help jump-start careers in RMI for qualified York (under)graduate students. HAIIvVE hinges on recent advancements in Virtual Reality, providing students with a truly innovative, immersive, and accessible corporate experience. Students gain professional skills in a `work as you learn' environment while being supervised by prominent leaders in the RMI industry and guided by academics.
Courses
Principles of Risk Management and Insurance
York rubric: ECON 1280 3.00 or MATH 1280 3.00
This course deals with the notion of risk and the ways to manage it, by exploring the framework of risk management for businesses, individuals, societies in general, and the role of insurance as a risk transfer mechanism in particular. The course combines classical lectures with biweekly presentations by visiting risk professionals, thus immersing the students into theory and practice of modern risk management.
Economics of Insurance and Decision Making under Risk
York rubric: TBD
This course aims to provide students with a solid foundation of modern economic theory that incorporates behavioral insights to decision making about risk and insurance as well as hands-on applications of the topics covered. The courses offers an introductory-level treatment of usually highly technical material on (systemic) risk, risk aversion, expected utility, conventional and behavioral theories of insurance demand, informational asymmetries, regulation of insurance market, and insurance and economic development.
Outbreak! Contagion and Risk in Anthropological Context
York rubric: ANTH 2330 6.0
This course introduces students to the field of medical anthropology. Through specific examples of outbreaks of infectious diseases in different cultural contexts, the course explores how and why anthropologists study infectious diseases and how some diseases get designated as 'outbreaks'. It examines how concepts such as risk are constructed, how diseases are spread, and how they impact everyday social relations.
Disaster Risk Management
York rubric: DEMS 3701 3.00
Practical analysis of the disaster and emergency risk management process and the specific tools and methods used to address the risks facing organizations, institutions, and communities.
Information Technology Risk Management
York rubric: ITEC 3500 3.00
This course covers key IT risk components and ways to mitigate those risks. Areas of instruction include how to manage IT-related risks addressed by CobiT, ITIL and ISO 17799 standards.
Financial Risk Management
York rubric: ADMS 4509 3.00
This course introduces risk management theory and provides a practical approach to understanding how risks are quantified and managed. The first part of the course presents the tools used to assess financial risk. The second part of the course introduces students to value at risk (VaR) and stress testing and explores market, credit, operational, liquidity, and enterprise risk management.
Fixed Income Securities and Risk Management
York rubric: ADMS 4504 3.0
The objectives of this course are to describe important fixed income securities and markets and to explore key issues in risk management. It develops tools for valuing and modeling the risk exposures of fixed income securities and their derivatives, with the ultimate goal of deploying these instruments in a corporate or financial risk management setting.
Enterprise Risk Management
York rubric: FACC 6300 3.00
This course presents an integrated framework of risk management in organizations - aka ERM - and analyzes risks that can be controlled and explains the control policies and procedures available to reduce risks.
Supply Chain Risk Management
York rubric: MSMG 6560 3.00
This course explores risks which would impede supply chain operations and managements in private sectors. This course also explores the potential applicability of concepts in private sector logistics to logistics of nonprofit sectors under disaster and emergencies. The course focusses on developing quantitative and qualitative models in supply chain risk management.
Managing Risks to Critical Infrastructure
York rubric: DEMS 4707 3.00
This course will explore threats, vulnerabilities and risks to critical infrastructure from the perspective of ensuring for reliability through appropriate protection and resiliency measures and strategies. It will examine and assess regulatory requirements, legislation and due diligence in terms of ensuring for the effective management of risks by critical infrastructure owners and operators. Incidents and threats to critical infrastructures stemming from natural disasters, accidents, physical and cyber attacks by criminals, terrorists and nation states are undertaken.