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Decision-Making and Risk Management

Make strategic and operational decisions in a complex environment.

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At a Glance

Open Enrollment
8 Weeks
Total CEUs
3.9 CEUs

Upcoming Dates

June Start

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Obtain the necessary skills to navigate the risks facing your organization in today’s high-stakes business environment.

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The University of Chicago’s eight-week, online Decision-Making and Risk Management course focuses on how to ensure a better, more logical approach to decision-making. This management tool is key to securing and driving business outcomes and essential to understanding the role of risk management in decision-making.

Designed For

Designed for risk analysts, compliance analysts, financial analysts, regulatory examiners, and managers who wish to learn the importance of making strategic decisions with risk in mind.

Learning objectives

This course focuses on the fundamental concepts, definitions, principles, and practices in risk management from the perspectives of the corporation, the market, and the regulator. It is taught based on Harvard Business Review (HBR) cases and articles on financial risk management.

After completing the course, you will be able to:

  • Analyze problems using decision-making criteria and theories
  • Model different types of risk and decisions to forecast potential outcomes
  • Understand the principles of risk management and apply risk-management techniques and technologies
  • Utilize the characteristics of uncertainty to make educated decisions
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Students will have the opportunity to examine concepts like corporate risk governance and enterprise risk management, assessment of risk at the corporate and capital allocation level, risk management products and structures, tools for decision-making in risk management, and regulatory risk monitoring and compliance.

You will learn to: 

  • Design strategies involving portfolio management, budgeting, and structure
  • Explore regulatory requirements, processes, and compliance
  • Introduce risk governance and management into organizational culture
  • Learn about concepts and identify tools for decision-making within risk management, including derivative structures and risk analysis models
  • Understand different types of risks and use financial and statistical tools for risk analysis

Course format

  • Eight weeks in length
  • Weekly, self-paced interactive learning modules and assignments are time-sensitive and should be completed by the set deadlines
  • Synchronous sessions and live question and answer sessions 
  • Mentors will provide continuous support and encourage a dynamic and positive learning environment

Weekly course schedule

Review sources of risk, types of risk, and decision-making in risk management.

Examine the principles of risk governance: the board of directors, management, policies and processes, and enterprise risk management.

Explore the process of correctly identifying risks, including executive risk management, finding visible and hidden risks, technical analysis, detecting correlation among risk (drivers), and tracking risk exposure.

Understand different aspects of measuring risks, including both the types of risk metrics and the basic statistical tools in use.

Discover the infrastructure of risk management: tracking and monitoring risk exposures, financial and statistical tools for risk analysis, economic tools, and model risk.

Learn the concepts of risk premia and pricing; risk management strategies and structures; risk management decisions in portfolio management, capital budgeting, and capital structure; and risk assessment scorecards.

Examine the concepts related to risk monitoring, including risk exposure alignment, policies and processes, and regulatory requirements and compliance.

Complete the course by reviewing strategic risk integration as a comprehensive concept and understand how it can be used proactively.

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Career outlook

Every organization strives to practice innovative risk management strategies to maximize their return on investment and minimize losses. As data security breaches surge and government regulations grow more stringent, risk management becomes even more necessary. The global risk management market was valued at USD 7.39 billion in 2019 and is projected to reach 28.87 billion by 2027, growing at a rate of 18.7% between 2020 and 2027. 

$ 28 B

The size of the risk management market is expected to reach by 2027 

18.7 %

The projected CAGR of the industry from 2020 to 2027

Potential Risk Management job titles

  • Chief Risk Officer 
  • Compliance Consultant 
  • Compliance Officer 
  • Environmental Compliance Specialist 
  • Loss Control Consultant 
  • Model Risk Specialist 
  • Regulatory Affairs Manager 
  • Risk Analyst 
  • Risk Compliance Investigator 
  • Risk Manager 

Of Interest