FIN-UY 3503 Operational Risk Modeling and Analytics

3 Credits

This course focuses on how to optimize business strategies, qualitatively and quantitatively with respect to operational risk. The course is organized around the principle that operational risk analysis consists, in part, of data collection and the building of mathematical models to describe the risk of failures in human resources, processes and technology. Beginning with a foundation for operational risk modeling and a focus on the modeling process, the course discusses probabilistic tools for operational risk modeling and statistical methods to calibrate models of operational risk. The quantitative assessment of operational risk uses the tools of probability, statistics and actuarial science.

Prerequisite(s): FIN-UY 2203 . Corequisite(s): FIN-UY 2003 and FIN-UY 2103 .
Weekly Lecture Hours: 3 | Weekly Lab Hours: 0 | Weekly Recitation Hours: 0