This brand new MSc from CIM (BVI) offers a new and innovative experience. The concept of fiduciary risk and duty applies to many professions. Doctors, lawyers, notaries, accountants, consulting engineers and architects all share the same responsibility without having an obligation of result. Their accountability is fuzzy and can create significant moral hazard to anyone’s relations with each of those professionals. This is especially true in finance, where the impact can be very important in the areas of mutual funds, pensions schemes and life insurance.
By the end of the programme, you will be ready to become board director or work in a board of directors. You will learn to manage a pension fund, manage union money and contributions, manage risk as a property owner, and learn how investors can earn the best from financial advisors and portfolio managers.
This MSc is ideal for both financial professionals, corporate directors or those who wish to become board members, investors wishing to plan for their pension, union leaders, engineers, architects and real estate property owners, mutual fund managers and trustees. The programme is made simple. Though it is comprehensive, it contains few mathematics. It includes six parts and may change significantly your personal as well as your professional life as follows:
The MSc in Governance & Fiduciary Risk and Duty consists of the following subjects: 1. RISK MANAGEMENT This module looks at the concepts of creditworthiness and trustworthiness and how it affects differently operational risk for clients. It examines major case studies of product recalls, fraud and abuses in manufacturing and finance and how they happened
2. WEALTH MANAGEMENT This module looks at financial advice and portfolio management in finance: how it works, its regulation, conflicts of interest and why client investors are more at risk than with credit banks. It also examines the various models of pensions/life insurance and risk applications.
3. GOVERNANCE This module looks at governance and what it means for a wide range of stakeholders and organizations: where can it make more difference in value creation? Key differences between for profit (corporations, trusts, etc.) and no-for-profit organizations (governments, NGOs, charities, etc.) are analysed.
4. FIDUCIARY RATING IN FINANCE This module looks at how to rate financial advisors and investment managers: what to look for, what to avoid. You will learn how to recognize and assess structural risk and systemic risk in a fiduciary case.
5. FIDUCIARY RATING IN REAL ASSETS This module looks at real asset management in construction and infrastructure: from funding and bidding to designing, constructing, operating and maintenance. It will take you through asset management approach, through servitization and the case of building and managing real estate property.
6. STRATEGIC MANAGEMENT This module looks at the difference between top down and bottom up governance: how it can change an organisation, raise the engagement of employees and smooth out the execution of a corporate strategy. You will learn what makes the most productive and efficient organisations.
Entry requirements are flexible and vary, but normally we require a good undergraduate degree from an internationally-recognised University. Members of Chartered Bodies are also welcome into the programme. Applicants without the above qualifications may also be considered, provided that they held a managerial position for at least ten years.
Commencement of course
Students may apply for admission and start their studies anytime in the year.
Minimum period: 12 months
Maximum period: 36 months
Exams are held at approved Overseas Centres every JUNE and JANUARY. Students wishing to enter for the examinations MUST complete an examination entry form (EEF79) and send it to the Institute at least by 30 November for the January Examination session and 30th April for the June Examination session.
**Please note that the Institute reserves the right to change the fees, syllabus and regulations at any time. Students re-sitting or re-taking a course or changing their centre of study assume full risk of such changes and of any additional fees applicable at the time.