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2018/2019  MA-MMFUV2012U  GRC Specialization

English Title
GRC Specialization

Course information

Language English
Course ECTS 15 ECTS
Type Elective
Level Part Time Master
Duration Two Semesters
Start time of the course Spring, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Min. participants 10
Max. participants 30
Study board
Study Board for Master i forretningsudvikling
Course coordinator
  • Corporate Governance
    Bersant Hobdari - Department of International Economics, Governance and Business (EGB)
  • Digitalisering
    Jonas Hedman - Department of Digitalisation
  • Risk Management & Compliance
    Tom Kirchmaier - Department of Accounting (AA)
Main academic disciplines
  • Corporate governance
  • Finance
  • Information technology
Teaching methods
  • Face-to-face teaching
Last updated on 14-12-2018

Relevant links

Learning objectives
  • Understand the role of digitalization in the financial sector and be able to capitalize on these technologies in current and future roles.
  • Develop an understanding of how to identify and measure internal and external risks, and to think differently about risk.
  • Be able to identify and analyse the main barriers to efficient functioning of corporate governance.
  • Be able to identify the opportunities of various corporate governance solutions and compliance processes.
  • Identify and evaluate important ethical issues that arise in their organization.
Course prerequisites
The GRC FINANCE specialization course will appeal to employees from the financial sector who wishes to optimize business processes and continuously be able to contribute to the development of their business, i.e. participating in cross-organizational processes and implementing local changes in line with strategic objectives.
People with legal, banking, IT, and finance background working in the financial sector are ideal candidates for the program.
GRC Specialization:
Exam ECTS 6
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Report
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

Based on a final written report, where the participant analyses a business development issue of their organization, the examination can draw on reflections submitted by the participant during the course. Size of reflection papers is 3 – 5 pages and the size of the final written report is maximum 15 pages.

Course content and structure

The course departure in the need to address the significant regulatory, technology, and market changes that the financial sector has experienced and will in the future. With these changes, many of the current business models are getting fundamentally challenged. In addition, issues of money laundering, financial frauds, and corruption are creating societal and business challenges that needs to be addressed. From a managerial perspective, the financial sector is moving from being stable, conservative, closed, and local to being disrupted from new entrants and internet giants with very different industry dynamics and risk profile. Fintech, artificial intelligence, and digitalization are game changers regardless if one is working at an incumbent player in the financial sector or in a start-up financed by a private equity fund.

These challenges are not only caused by digitalization and new technologies, e.g. blockchain, artificial intelligence, machine learning, but also by the fact that the entire competitive landscape is changing with increasing global competition. In this environment, employees in the financial sector will need to have the right competencies in order to successfully manage the strategic shifts. Employers are increasingly experiencing this competency and knowledge gap and the need for deeper understanding of risks and risks assessment, compliance and societal expectations is becoming evident.

Fundamentally, it requires a complete rethinking of governance, strategic risk, and compliance (GRC) issues, which have been handled frequently in a reactive way to be an integrated and pro-active part of all business processes.

Description of the teaching methods
Face-to-face teaching
Feedback during the teaching period
Feedback during lectures will be possible.
Student workload
Preparation and exam 317 hours
Lecture 96 hours
Last updated on 14-12-2018