Open University

Open University

Derivatives and risk management (B862)

The global financial crisis has brought into sharp focus the need for sound risk management practices in all organisations including those in the public sector. This module will provide students with an understanding of the various financial risks faced by organisations and the ways in which those risks can be managed. The module will introduce key tools such as derivatives and risk mapping and also discuss the linkages of risk management with the organisational strategic plan. The module will also introduce enterprise risk management processes and the implications of International Financial Reporting Standards (IFRS) for financial risk management.

Entry requirements

All entrants to this MSc in Finance must hold a BA/BSc degree awarded by a recognised university, or equivalent. Various higher education and professional qualifications are considered equivalent to a degree. You will also need an appropriate facility in English language, sufficient to be able to work effectively at postgraduate level; generally this means capability equivalent to an International English Language Test System (IELTS) score of 6.5. It is strongly recommended that you are comfortable with the use of numerical methods and use of spreadsheets. If you are unsure about these skills we suggest you familiarise yourself with illustrative numerical skills and methods prior to study.


Qualification Study mode Fee Course duration
Distance learning - 6 months

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Distance Learning

Key information

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0845 300 6090