MASTER'S IN RISK MANAGEMENT
A high-level master's program in risk management, designed according to international standards and considered one of the best risk management graduate programs for students seeking careers in banking, finance, and insurance.
Language: Bilingual (French or English)
Level : Master’s
Duration :4 Semesters (2 years)
Bachelor’s degree (Bac+3) or above
Program objectives
This risk management master prepares professionals capable of identifying, analyzing, evaluating, and controlling the various risks faced by organizations: particularly in banking, financial, and insurance environments , with access to scholarships for eligible students
Target Audience
- Holders of a Bachelor’s degree in insurance, banking, finance, economics, management, or related disciplines
- Professionals in the banking, financial, or insurance sector looking to strengthen or broaden their expertise
- Current and aspiring managers working in audit, internal control, compliance, or risk management
Skills Developed
- Identify and analyze financial, insurance, operational, and strategic risks
- Develop and manage a risk-mapping framework
- Implement risk management and control systems
- Apply principles of governance, compliance, and internal control
- Assess the impact of risks on performance and business continuity
- Support strategic decision-making through a risk-oriented approach
Career Prospects
- Risk Manager
- Head of Risk Management
- Financial or Banking Risk Analyst
- Compliance Officer
- Head of Internal Control or Internal Control Officer
- Internal Auditor
- Risk Management Consultant
- Executive roles within banks, insurance companies, financial institutions, or consulting firms
Curriculum by semester
Semester 1 — Fundamentals of Finance and Risk Management
- Microeconomics of Banking and Insurance
- Microeconomics of Uncertainty
- Insurance Industry Regulation
- Contract Law
- Risk Management
- Financial Intermediation in Insurance and Financial Institutions
- Reinsurance
- Business English
- Business French
- Specialization option: Marketing Actuarial Science /Audit & Management Control
Semester 2 — Risk Analysis and Legal Environment
- Economic Risk Analysis
- Law of Financial and Insurance Institutions
- Econometrics Applied to Insurance
- Insurance Accounting
- Insurance Taxation
- Financial Management
- Wealth Risk Management and Property & Casualty Insurance (P&C)
- Business English
- Business Plan Development
- Specialization option: Credit Insurance /Agricultural Insurance /Transport Insurance
Semester 3 — Operational Finance and Risk Assessment
- Applied Quantitative Techniques
- Specialized Software Tools
- Operational Risk Management
- Sustainable Insurance
- Personal Insurance
- Health Insurance
- Social Security Law
- Insurance English
- Internship Report Writing Methodology
- Specialization option: Civil Liability /Automobile Insurance /Technical Risks
Semester 4 — Professional Internship
- 14 week company internship
- Preparation and presentation of a professional internship report
Partnerships & professional immersion
Students in this financial analysis degree benefit from privileged access to leading companies in finance and insurance sectors through:
- Supervised internship opportunities within insurance companies, commercial banks, consulting firms, and asset management companies
- Industry expert presentations integrated into courses and seminars to strengthen practical learning
- Real-world case studies provided by our partners, ensuring strong professional and industry-oriented training
- Supervised internship opportunities within insurance companies, commercial banks, consulting firms, and asset management companies
Practical Information
Mandatory Internship
Minimum 14 weeks
Languages of Instruction
French & Professional English
Campus
ESPAF Business School, Tunis
