Modules and learning outcomes
01 Ethics and Corporate Governance (NFQ level 9, 10 ECTS)
This module looks at the corporate governance best practice principles and their application in both a financial services and a general organisational setting. It also aims to provide students with a deeper understanding and appreciation of the ethical dimension of corporate governance and, in doing so, stresses the importance of corporate culture to the longevity of organisations. In considering the behaviours and decision-making processes of individuals, groups, and specifically those charged with governing organisations, the module offers approaches for dealing with common ethical dilemmas and ethical crises.
02 Risk Management in Financial Institutions (NFQ level 9, 10 ECTS)
This module presents risk management best practice principles and their application in financial services. It is both quantitative and qualitative in nature reflecting the breadth of the topic. The module introduces a number of topics and methodologies and will also require input from your professional experience to develop a practical understanding of risk management in operation. The module addresses the different types of risk including market, interest rate, credit, conduct and operational risk.
03 Contemporary Issues in Financial Services (NFQ level 9, 10 ECTS)
This module provides a framework for reviewing contemporary issues in financial services including strategic management of financial institutions, and how competition influences strategic choices. The analysis provides a foundation for evaluating the impact of technology and financial innovation, contemporary issues in risk, operational efficiency and regulation.
04 Project Management (NFQ level 9, 10 ECTS)
The objective of this module is to provide an understanding of the fundamental principles in project management and its associated tools and techniques. This is an applied module which will enable you to apply project management tools to 'real world' projects, evaluate project progress and performance, and demonstrate an understanding of the challenges in leading and managing projects.
05 Fostering an Innovative Environment (NFQ level 9, 10 ECTS)
This module seeks to introduce you to the principles and practices involved in fostering and executing service innovation. Service innovation is a significantly improved concept that is taken into practice. It always includes replicable elements that can be identified and systematically reproduced in other cases or environments. While particular emphasis will be placed upon such innovation in financial services, consideration will be given to innovation in other sectors and how this experience could and should influence practice in financial services.
06 Managing for Compliance (NFQ level 9, 10 ECTS)
Compliance is a core function in financial services firms and is recognised by regulators as an essential part of the control infrastructure. Indeed the role of compliance and indeed the compliance manager/officer as a trusted adviser to the business has become a key differentiator for many firms. This module examines the development of compliance as an assurance function and evaluates its strategic role in an organisation in aligning with the business and delivering value. It also focuses on specific issues relevant to managing a compliance function to ensure it fulfils its assurance role within an organisation.
Students who exit the programme after successfully completing the first 6 modules will be awarded the Graduate Diploma in Financial Services. Candidates who achieve a second class honours grade 2 award (or higher) in the Graduate Diploma are eligible for the award MSc in Financial Services on successful completion of three further modules:
07 Risk-based Financial Management (NFQ level 9, 10 ECTS)
This module introduces risk-management policy and develops a critical appreciation of hedging, speculation and arbitrage as a lens with which to understand different approaches to managing, and taking on, risk. It develops the fundamental principles of derivative instruments, their pricing and how they can be applied to execute a hedging strategy, and develops an understanding of the flexible nature of derivative instruments for constructing trading strategies. Contemporary issues and trends in the professional and academic literature are also dealt with to bridge theory and practice.
08 Behavioural DecisionMaking (NFQ level 9, 10 ECTS)
In this module you will be introduced to the interface of economics and human behaviour in financial decision-making. The applicability of behavioural finance ranges from providing alternative insights into understanding stock market crises to retail financial services. You will explore the limits of traditional economic analysis of decision-making under uncertainty, and develop your understanding of the behavioural critique and its applicability across a range of financial settings.
09 Winning Business Negotiation Strategies (NFQ level 9, 10 ECTS)
This module equips you with both the practical skills and the theoretical understanding required to be a better negotiator. Negotiation practice, in the form of role-play, is central to this module. You will learn how to improve your negotiation skills to achieve better outcomes for you and your professional practice.