The Master in Risk Management EALDE intended to convey a transversal vision to all companies so that we ensure an overview of the activity at the controls with greater responsibility.
Master in Risk Management
The Master in Risk Management EALDE intended to convey a transversal vision to all companies so that we ensure an overview of the activity at the controls with greater responsibility. The approach to the issues that we will try aim to promote knowledge of the fundamentals of each of the activities of integrated risk management and insurance, allowing and fostered communication between different areas or departments of the company, while we walk to further deepening in every aspect to perfect knowledge of each responsible for its specific competence.
The Master provides a management vision and technical and commercial attendees, allowing them to be more competitive, increasing the intellectual capital of individuals and therefore businesses by improving the quality of their services and loyalty of its customers and attracting new ones through specialized training and quality.
It has designed a program in order to direct, control and reduce impacts, probability and consequences of risks that can affect entities.
The technical bases used in the Master plan for the development of effective implementation of risk management in the entities are based on the latest existing regulations on risk management:
COSO REPORT: On May 14, 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated version of its Internal Control - Integrated Framework. This provides an overview of the improvements in the framework of 2013, an examination of the considerations for institutions using the Frame 1992 to comply with Section 404 of the Sarbanes-Oxley Act of 2002 (SOX), and information about how to make the transition from 1992 under the framework Convention of 2013, including the impact on other related documents COSO.
ORSA: Effective January 1, 2014, the requirement that insurance undertakings and reinsurance conduct an analysis and internal evaluation of risks and solvency, framed within the principles of the ORSA process (Own Risk and Solvency Assessment set ), which details 24 prospective internal guidelines on risk assessment summarizing the expectations given by EIOPA (European Insurance and Occupational Pensions Authority).
NORMA ISO 31000-2009 (Risk management as an integral component of business management) published in November 2009 where the principles and guidelines on risk management lines are collected, we face an important step for any company to make effective risk management that is exposed through the identification, analysis and risk assessment.
NORMA ISO 31010-2009 (risk management. Risk assessment techniques). It is a standard support of ISO 31000 - Risk management. Principles and guidelines, and provides guidelines for the selection and application of systematic techniques for risk assessment.
2013 Implementation Guide and alignment of risk management companies under the ISO31000: On 15 October 2013 the technical report ISO / TR 31004 was published. The international standard ISO 31000 explains how to effectively manage risks, from a focus on generic and systematic implementation, but needed to know the steps to integrate risk management processes of business organizations, being valid for any organization, independent of the activity carried out, a sector to which it belongs, employees have, etc.
Alongside these core subjects in the process of implementing the Comprehensive Risk Management, detailed analysis of the activity of businesses directly related to it and tries to deepen the managerial and technical skills needed for excellence it is provided in the insurance business. This program seeks to improve the model of your organization, associated with the key business processes through knowledge, management, control and monitoring (supervision) of the risks inherent in the insurance business, identified and measured transversely across the organization using efficiently available resources and therefore optimizing costs, the stability of the results and the volatility of the value of action and response to the needs of its stakeholders or stakeholders in the company.
All this in a strategic and transparent vision that motivates and excites learning through an approach that includes the real possibility of having the desire and the joy of getting something, coupled with the satisfaction derived from personal commitment to the company and society.
Students receive theoretical and practical training that allows them to attain knowledge and implementation in order to fix this knowledge in the best way possible.
For good risk management of a company need to address the four main stages: identification, evaluation, response and monitoring. It is at the stage of identifying risks where, in addition to the threats, detect business opportunities for the company. Opportunities in a very precise analysis could be hidden behind the threats. It can be stated that both risk management as an adequate internal control system contribute to achieving business goals.
Effective risk management in companies of any size or activity, will allow to face internal and external factors that create uncertainty for:
Knowing the need to identify and assess risks in all areas of the company
Identify opportunities, strengths, weaknesses and threats
Comply with legal and regulatory standards required
Improve the presentation of financial reports
Building trust and transparency among all staff of the company
Establish a starting point for decision making
Know the internal and external controls
Allocate the necessary resources for risk treatment
Improve the effectiveness and operational efficiency
Controlling health benefits, workplace safety, environment ...
Improve prevention and claims management and minimize losses
Improve training for the entire organization
Encourage proactive management and business ethics
To achieve these results, we will discuss the progress of ISO 31000: 2009, COSO III report analyzing both the principles and guidelines on effective risk management that can be used by entities within the Principles of Good Corporate Governance require the establishment of a risk management that allows decision making in this area.
Also we discuss the requirement that the entities conduct an internal analysis and assessment of risks and solvency through practical application in integrated risk management entities.
The system of governance shall include at least a transparent and appropriate organizational structure with a clear allocation and adequate separation of functions, and effective to ensure the transmission of information subject to regular internal review system.
Develop an effective system of risk management, comprising strategies, processes and reporting procedures necessary to identify, measure, monitor, manage and report, on a continuous basis the risks, on an individual and aggregate level, are or may be exposed, and their interdependencies.
During the course structure for the design and evaluation of the effectiveness of internal control through 17 principles will be created to describe the components of internal control relevant to all entities, developing the concepts of risk assessment inherent risk tolerance risk, risk treatment and linkage between risk assessment activities and control. Also we discuss the concept of risk of fraud when assessing risks to the achievement of the objectives of the organization.
Is my program?
The program is aimed at anyone wishing to make a career in the field of management and risk management (risk management).
It is intended for professionals who are dedicated to advising on risk management and insurance buyers insurance and other services to public and private companies that wish to deepen their knowledge and skills in this discipline and those looking for a development towards the figure of director risks. In this sense it is aimed at people who work or want to work in:
Companies that hire safe.
Consulting companies and public administrations.
It is a good opportunity for college students or recent graduates who wish to work:
In departments of financial companies and insurance related to the management of insurance and reinsurance.
As consultants Risk management in multinational consultancies.
As as risk managers in the insurance departments of large companies or public administration.
The course is also suitable for those professionals related disciplines who wish to expand knowledge and implications of risk management in their areas of expertise, acquire new tools and add new capabilities to your career. In this regard it is recommended to:
Auditors, accountants and advisors of public administration.
Project managers and change managers.
Insurance underwriters, claims managers.
Professionals and consultants safety, health and environmental.
legal advisers and lawyers.
Banking and financial professionals.
Public administration professionals, state, regional and local.
Structure and content
General structure of the system
Conformation management committee comprehensive risk
Conformation risk specialists
Definition of a plan to develop
Design risk unit
Culture and risk appetite
Manuals and reports
Elaboration of risk manual
Policies and procedures manuals
System design risk management
Determination of methodologies and procedures for identifying risks
Determination of methodologies and procedures for risk assessment
Determination of methodologies and procedures for the establishment of acceptable limits and the strategy adopted for risk management
Determination of methodologies and procedures to structure databases and reporting system
Determination of methodologies and procedures for feedback
Inherent and residual risk
Integration of risk response
Types of control activities
Categories of preventive and detective controls
Policies and procedures for risk control
Basic controls by business
Risk-taking policies and audit schemes
Control and audit levels of risk exposure and internal audit functions and its relationship with the evaluation system and risk management
Policy risk taking, maximum concentration levels by business, customers, target groups, geographical distribution and other relevant limits
administrative, powers on risk taking and internal controls over risk exposure
Risk maps for business activities
Structure of the risk map
Matrix risk assessment
Internal control matrix
Systems of formal and informal information
large case, as a project, the student takes over the Master.
The Master is developed using the methodology of the activity of quantifying risks for statistical and actuarial methods recognized technical value, applied on historical databases.
The Master is eminently practical and based on professional experience. The methodology focuses on the documentation necessary for the understanding of effective risk management complemented by case studies and managed by students to create their own risk management tool files.
The master includes direct and individual communications with the Program Director to maintain the confidentiality of the data provided for the development of the work during the Masters.
How will I be evaluated?
Evaluation is ongoing through the development of interventions in class (forum): their number, exhibition quality, logical attributes, ability to convince, respect for other opinions and use of outside interventions. written tests and actual practical work complement the elements to assess the ability of each participant and to inject elements of improvement.
The use of the master is assessed continuously throughout the program:
Newspapers questionnaires of the theoretical part.
Presentation of case studies.
The participant will have to make a final overall evaluation report. Has at all times supported by the team of teachers specialized in each of the treated materials.
How long is the Master?
The Master in Risk Management EALDE lasts twelve months, with flexible hours. They need about 10 hour work week.
Persons interested in a Master program in EALDE must make a selection and admission process.
This requires providing this documentation:
academic record and photocopy of the titles.
Motivation letter to the Master.
Photocopy of identity card or passport.
Passport size photograph in jpg format.
Additional documents that the applicant wishes to include in order to provide more complete information: Courses and seminars, Level Language Certificates, etc.
Applications are reviewed by our admissions committee, which draws up a list of persons who pass to the next stage, the interview with a member of the board of EALDE.
Then it communicates with the decision of the committee. In if favorable will be guided to the registration process.
Grants and funding
EALDE born with the purpose of training graduate business management without economic resources pose an insurmountable obstacle accessible.
Thus the social character encourages EALDE Business School to provide necessary assistance to those who do not have sufficient means to pay for the Master and have demonstrated skills and interest in implementing the program. For this purpose scholarships based on merit and need of the applicant are granted.
The number of scholarships is limited depending on the country of origin and the overall number of scholarships and grants available. The grant can cover 40% of the total cost of the program.
EALDE also allows making payments of their programs fractionally.
To apply for a scholarship, check the appropriate box on the Application Form. We encourage you to contact us to guide you in the process of grant application (email@example.com).