• Demonstrate an understanding of how to think about risks and what to measure, different ways to enforce compliance and the value for the financial sector.
• Identify and explain theories and models in your own organization or other chosen empirical context.
• Evaluate and reflect on the big picture of compliance and risk management.

Data is changing the world, and with it what we can do (in terms of business models), how we look and understand systems, and the inherent risk in it. This course tries to give an overview over the technological changes driven by data, an introduction into the empirical models so that course participants can confidently oversee and discuss the work of specialists. In the second phase it then discusses the compliance dimension, which logically follows on the back of understanding risk. This course will be grounded in a real life cases and theoretical perspectives of the challenges experienced by companies.

The course will introduce statistical methods and use of big data in identifying and measuring risk, the regulatory changes and the link between Risk Management and Compliance

Please note that the course is part of the MBD Finance Specialisation