Foundations of Risk Analytics

This course introduces students to the importance of recognizing business risks and the skills needed to manage them. It covers the high-level game plan to identify and mitigate risks and the policies and guidelines, the roles and responsibilities, ownership and accountability, monitoring, reporting, and resolution of technological risks. The focus of the course is on managing technology risk and the establishment of controls within the context of the COSO Internal Control Integrated and the COSO Enterprise Risk Management frameworks. Students conduct a risk assessment and understand the different types of risks that challenge businesses throughout the course. They also learn how organizations balance risks and rewards, what kinds of controls they use to mitigate these risks, and how they keep abreast of current best practices in the enterprise.