B.Com. (Financial Markets) Risk Management Syllabus - Mumbai University
This is the TY BFM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Risk Management
Module I: Introduction to Risk Management
- Concept of Risk and Uncertainty, Objectives and Process of Risk Management and Risk Identification
- Types of Risk : Strategic and Operational Risks, Business Risk, Financial Risk faced by Organization, Sources and Impact of Common Business Risk, Market, Credit , Liquidity, Technological, Legal, Environmental, Reputation, Country
Module II: Evaluation of Risk
- Evaluation of Organization’s ability to bear risks
- Risk Measurement – Quantitative and Qualitative
- Evaluation of Financial Risk, Evaluation of Alternative Risk Management Tools
- Role of Risk Manager and Risk Committee in identifying and managing risk.
- Enterprise Risk Management- Framework, ERM Process, ERM Matrix, SWOT Analysis
- Risk and Three Lines of Defense, Risk Management and Corporate Governance
Module III: Foreign Exchange Risk
- ◻ Forex Market ◻ Identifying and Analyzing Forex Risk ◻ Managing Forex Risk
Module IV: Interest Rate Risk
- Interest Rate Market and Mathematics
- Identifying and Analyzing Interest Rate Risk
- Measuring Interest Rate Risk
Reference Books
- 1 A Practical Guide to Risk Management by Thomas S. Coleman (Author)
- 2 Financial Risk Management A Practitioner’s Guide to Managing Market and Credit Risk by Steve L. Allen (Author)
- 3 Financial Risk Management For Dummies by Aaron Brown (Author)
- 4 Risk Management and Financial Institutions (Wiley Finance)
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Markets) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.