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1Agenda
Why Study RMBI?
What is Risk Management and Business
Intelligence
Curriculum and Intended Learning Outcomes
Enrichment Activities
Career Prospects
Admission in RMBI
Q & A
2Why Study RMBI?
3Why Study RMBI?
5Why Study RMBI?
4
What is Risk Management & Business Intelligence(RMBI)?
What is Risk Management?
Risk management can be considered the identification,
assessment, and prioritization of risks.
It uses mathematical, technology and management
methods to minimize, monitor, and control the
probability and/or impact of unfortunate events or to
maximize the realization of opportunities.
6
What is Risk Management & Business Intelligence (RMBI)?
Risk Measurement in
Financial Institutions:
• Market Risk
• Credit Risk
• Liquidity Risk
• Operational Risk
7
What is Risk Management & Business Intelligence (RMBI)?
What is Business Intelligence?
BI is a broad category of applications and technologies
for gathering, storing, analysing, and providing access to
data
BI tools have the capability of
❑ Converting information into explicit business insight
❑ Learning
❑ Rule generation
❑ Forecasting and collaboration
It helps enterprise users make better business decisions
8
What is Risk Management & Business Intelligence (RMBI)?
How does BI help decision making in an organisation?
It is a method to provide business insights to a company by using
some mathematical models and computing technology.
9What is Risk Management & Business
Intelligence (RMBI)?
• First of its kind in Hong Kong to integrate Risk Management and
Business Intelligence
• To assess and minimize risk effectively
• To analyze and manage the growing volume of business data
11Curriculum Feature
16Intended Learning Outcomes
Risk Management
Handle and Quantify Market Risk, Credit Risk and
Operational Risk
Design and develop the risk management models and
program
Case Studies to Learn the Best Practice
Business Intelligence
Apply BI methods such as data mining and predictive
analysis to formulate business strategies
Demonstrate the use of the BI tools and methods to
develop BI solutions
17Intended Learning Outcomes
Integrate Risk Management and Business Intelligence
Integrate business intelligence methods to improve the
risk detection and risk strategy decision making
Integrate risk management measurement methods into
business intelligence process to improve business
strategy formulation and decision making
Conduct applied-research methods to solve the existing
RMBI problems in a scientific approach
Design and implement the RMBI solutions
12
Study Pathway
Second year - Foundation CoursesFinance, Economics, Operations Management,
Statistics, Mathematics, Programming, Business Case Analyses
Third year – Advanced coursesAdvanced RMBI courses, Financial Risk Management,
Investment Analysis, Data Mining
Enrichment: Internship / Exchange /Mentorship/ Newsletter
Fourth year – Professional Development and ApplicationsAdvanced RMBI courses, Case Studies, Capstone projects
Enrichment: Professional Qualifications trainings, Internship
First year – Fundamental CoursesMathematics, Computer Science, Business,
Common Core courses and Language courses
13Overview on RMBI Curriculum
• Business and Economics
Accounting, Business Operations, Macro-economics (e.g. ACCT 2010 , ISOM 2700 , ECON 2123, LABU 2051/2052)
• Financial courses
Financial Market and Operations, Investment Models and Portfolio Analysis (e.g. FINA 2303)
• Mathematics and Statistics
Calculus, Linear Algebra, Statistics, Probability Models (e.g. MATH 2011, MATH 2111, MATH 2411, ISOM 3540)
• Programming and Computing
Java, C++, or VB.Net + Excel (e.g. COMP 1021/1022P/1022Q)
Data Mining (e.g. COMP 4331)
• Integration on Risk Management and Business Intelligence
Introduction to Risk Management and Business Intelligence (RMBI 3110)
Quantitative Methods for Risk Management (RMBI 4210)
Advanced Data Mining for Risk Management and Business Intelligence (RMBI 4310)
RMBI Major Requirements (73-77 credits)
RMBI Electives (Area 1 – RM) or (Area 2 - BI) (9 credits)
RMBI Option Requirements (*Optional) (9 credits)
18
Overview on RMBI Curriculum
14
Area 1: Risk Management
15
Area 2: Business Intelligence
15FinTech Option
Option Required Course (3 credits)
IEDAISOM
45003350
Engineering Foundations of FinTechFinTech and Cryptoventures
Elective Course (2 course from the specified elective list) (6 credits)
COMP 3211 Fundamentals of Artificial Intelligence
COMP 3632 Principles of Cybersecurity
COMP 4221 Introduction to Natural Language Processing
COMP 4632 Practicing Cybersecurity: Attacks and Counter-measures
COMP 4911 IT Entrepreneurship
ISOM 3000B Blockchain Entrepreneurship for Social Impact
ISOM 4020 Innovation Management and Technology Entrepreneurship
ISOM 4200 Information and Cyber Security Management
MATH 4514 Financial Economics in Actuarial Science
RMBI 4220 Life Contingencies Models and Insurance Risk
18RMBI Capstone Projects
Apply academic theories and knowledge to solve a real world problem
Integrate inter-disciplinary skills to develop a solution
Build students’ independent, creative and critical thinking
Develop students’ leadership, project management, communication and
presentation skills
Simulate a workplace environment for students to prepare themselves for
work in the industry
Exchange programs
RMBI symposium
Mentorship
RMBI Newsletter
• Broaden student’s horizon on RMBI
• Internalize students with all rounded skills
• Develop all-round personalities with a
➢ Mature Outlook
➢ Global Outlook
➢ Communication Skills
➢ Long-long learning
➢ Culture Appreciation
➢ Creative Thinking
➢ Leadership
• Acquire and reinforce industry-specific knowledge
and skills
• Enhance students’ career building skills and make
themselves more competitive in job market
• Synthesis of the business functions and soft skills
to facilitate to achieve students personal and
professional success
RM/BI Seminars and Workshops
Internship
Support for Professional
Qualifications
Career Talks & Training
Enrichment Activities
21Enrichment Activities
Exchange programs• Expand students’ vision, interpersonal
skills, creativity and cultural awareness in foreign universities.
• RMBI students have gained exchange experience in: UCLA
UC Berkeley
Arizona State University
Rice University
University of Toronto
Technical University of Denmark
Hamburg University of Applied Sciences
KTH Royal Institute of Technology
University of Manchester
National University of Singapore
Shanghai Jiaotong University
22Enrichment Activities
Mentorship
• A mentor can be a valuable source of advice, an
insightful guide to the business environment, a
potential contact for the future career and a personal
friend.
• Currently, we have around 75 mentors associated with
RMBI.
• Mentors from SFC, Wells Fargo Bank, MTR
Corporation Ltd, Morgan Stanley, HKMA, Bloomberg
LP etc.
23Enrichment Activities
RMBI Symposium
• Academics and industry leaders
discuss the trends and issues in
risk management and business
intelligence.
• A significant way for RMBI
students to learn at first hand
from respected authorities and
industry experts in areas of RM
and BI
27
Enrichment Activities
RMBI Professional Seminars and Workshops
Research Seminars
SPSS, QuikView
RMBI Alumni Sharing
Bloomberg Terminal Workshop
Career Trainings & Talks CV clinic
Mock-interview training workshop
Recruitment Talks by the companies
Career Sharing by the industry professionals
28Enrichment Activities
Internship • Offer experience of the corporate life before graduation.
• Give invaluable understanding of and exposure to work practice in the industry.
• RMBI students have gained internship experience in:
Hong Kong Monetary Authority
Bank of America Merrill Lynch
Credit Suisse (Hong Kong)
Deutsche Bank
Goldman Sachs
HSBC
Hang Seng Bank
Ernst & Young
Deloitte Touche Tohmatsu
KPMG
PwC
Bloomberg
29Enrichment Activities
RMBI Newsletter
• Students take the full
initiatives to identify the target
readers, control its quality and
monitor the process of the
publication of the newsletters.
• The newsletter offers a
dynamic way to interact with
the RM/BI community.
30
RMBI Newsletter• Featured stories in the previous issues:
London Whale Risk-JP Morgan Trading Loss
Basel III
Risk Management in the Medical Sector
Shanghai-Hong Kong Stock Connect Review: How to apply Big Data Analytics to Risk Management ?
Business Intelligence Infrastructure for Insurance and Healthcare Services Big Data Analysis
Stress Testing in the United States and Europe
Risk on Brexit
On Business Intelligence and Digital Consulting
Cyber Risk Management and Ethical Hacking
Anti-Money Laundering Practices in Banking
The Rise of Text Mining in Financial Markets
Threats and Opportunities: The Belt and Road Initiative
Where does AlphaGo Go next?
China-US Trade War: Crisis or Opportunity
Wealth Management in HK and Robo-Advisory
BI in Catering Industry
When will the next financial crisis happen
31
Enrichment Activities
Support for Acquiring Professional Qualifications
Scholarship scheme to provide support for students to acquire various professional qualifications:
• RM related Professional Qualifications
FRM® - Financial Risk Manager
Professional Risk Manager (PRM)
Chartered Financial Analyst® (CFA) examination
• BI related Certificates
IBM SPSS Statistics Level 1 v2;
IBM SPSS Modeler Data Analysis for Business Partners v2;
IBM SPSS Modeler Data Mining for Business Partners v2
SAS Certified BI Content Developer for SAS 9 Credential
Oracle Business Intelligence10 Foundation Essentials exam
Business Intelligence with SAP NetWeaver 7.0
32Career Prospects
Potential jobsRisk analyst
Financial analyst
Credit/Market risk analyst
Compliance Analyst
Accounting, Audit,Assurance Consultant
Actuarial Consultant
Data Analyst
IT Consultant
Business Consultant
Management Trainee
Career Opportunities in: Regional and Global
Banks
Asset ManagementCorporations
Financial RegulatoryAuthorities
Accounting, Audit and Advisory Firms
Professional Consultancies
IT Businesses
Career Prospects
The 50 Best Jobs in America 2018 forbes.com
No.1 Data Scientist
No. 11 – Compliance Manager
No. 13 - Risk Manager
No. 18 - Analytics Management
The 50 Best Jobs in America 2019 cbsnews.com
No. 1 - Data Scientist
(4 yrs in a row)
No. 8 - Data Engineer
No. 26 - Risk Manager
Career ProspectsRMBI graduates currently
work in:
• Cathay Pacific• Crédit Agricole CIB• Commerzbank AG• DBS• Deloitte• Ernst & Young• Hang Seng bank• HSBC• IBM• JP Morgan• KPMG• Microsoft• Morgan Stanley• PwC• Société Générale
36
RMBI expects candidates to:
✓Be good at mathematics✓Have knowledge or an interest in computing✓Possess a global outlook, maturity, caring and innovation✓Have good leadership skills and the capacity to work in a team✓Have good communication and presentation skills✓Be passionate about becoming a risk manager or business
intelligence
*Your CGA, Interview Performance, HKUST pre-admission result and English language test results will be also considered.
Admission in RMBI
36
Admission in RMBI
Timeline:
✓Application starts in Spring term 2019-20✓ Shortlisted applicants will be invited to Interview✓ Succeed applicants will be admitted to RMBI from Fall 2020-21 as
Year 2
Enquiry:
Email: [email protected]
Tel: 2358 8229
Office: Room 5027, LSK
38
Recommended Pre-major Courses
• Students from SENG/SSCI:
✓ (MATH 1012 or MATH 1013 or MATH 1023) and
(MATH 1014 or MATH 1024) or (MATH 1020)
✓ COMP 1021 or COMP 1022P or COMP 1022Q
• Students from SBM:
✓ (MATH 1012 or MATH 1013 or MATH 1023) and
(MATH 1014 or MATH 1024) or (MATH 1020)
39
Student Sharing
Tina YEH
Year 3, School-based track
39
Q & A