The aim of the Enterprise Risk Management (ERM) Specialist Technical subject is to instil in successful candidates the key principles underlying the implementation and application of ERM within an organisation, including governance and process as well as quantitative methods of risk measurement and modelling. The students should gain the ability to apply the knowledge and understanding of ERM practices to any type of organisation.
ERM Concept and Framework
Risk Categories and Classification
Risk Modelling and Aggregation of Risks
Risk Measurement and Assessment
Risk Management Tools and Techniques
Publisher: The Institute and Faculty of Actuaries
Purchase from IFoA
You can buy course notes, combined materials packs and other study material from ActEd.
Learning portal for ST9
The Core Reading for ST9 includes references to material in the following sources: ( Download )
1. Financial enterprise risk management. Sweeting, P. Cambridge University Press, 2011. ISBN: 9780521111645.
(Borrow from libraries | Access eBook after member login IFoA eLibrary via Athens ) [Errata for this textbook]
(eBook available via the Athens portal, contact the library service for details)*
2. Enterprise risk management from incentives to controls. 2nd ed. Lam, J. Wiley, 2014.
(Borrow from libraries) The 2nd edition forms core reading for the ST9 exam in 2015.
3. Practice Note on enterprise risk management for capital and solvency purposes in the insurance industry.
International Actuarial Association. 31 March 2009.
Author: The Institute and Faculty of Actuaries