MSc in Risk and Financial Control — Master at London School of International Business and Management

MSc in Risk and Financial Control


Course Overview

The MSc in Risk and Financial Control at the London School of International Business and Management (LSIBM) prepares senior risk analysts, controllers and internal auditors to run credit, market and operational risk inside UK banks, insurers and non-bank financial institutions. Sitting in the Accounting, Finance & Economics faculty at master's level, the programme runs one year full-time on-campus in central London, two years part-time online, or by distance learning, closing with a dissertation or sponsor consulting project.

The programme is designed around GARP, PRMIA and Institute of Risk Management senior competencies, with a heavy Basel III / IV and FCA / PRA thread. You will graduate ready to hold a credible conversation with a Prudential Regulation Authority reviewer, chair a risk-committee session, and defend a stress-test result to a UK Treasury Committee. The sections below detail modules, audience and progression.

Key Features

  • Curriculum designed around GARP, PRMIA and Institute of Risk Management senior competencies.
  • Three study modes — central London campus, fully online with UK / APAC cohort calls, or by distance learning.
  • Fortnightly senior clinic with UK CRO, PRA reviewer and City risk practitioner voices.
  • Substantial dissertation, sponsor consulting project or applied capstone defended in front of a working panel.
  • Structured executive-application coaching in the final term.
  • Assessment blend of exams, modelling exercises and a defended capstone.

What You Will Learn

Risk and financial control at master's level are taught as senior craft — credit, market, operational, model risk, financial control — under UK PRA and FCA rules.

  • Credit risk modelling and IFRS 9 expected credit loss.
  • Market risk — VaR, stressed VaR, expected shortfall, FRTB.
  • Operational risk and non-financial risk frameworks.
  • Model risk management under UK PRA SS1/23.
  • Basel III / IV framework and UK capital rules.
  • Stress testing — Bank of England ACS and internal scenario design.
  • Financial control, month-end and regulatory reporting.
  • Enterprise risk management and risk appetite.
  • Ethics and conduct under FCA SM&CR.

Who This Course Is For

  • Risk analysts targeting senior credit, market or operational risk appointments.
  • Financial controllers moving into regulated-industry roles.
  • Internal auditors specialising in financial-services risk.
  • Consultants moving into regulatory-risk engagements.
  • International finance professionals planning a UK career pivot.

Career Pathways

Graduates typically move into senior risk analyst, credit-risk manager and financial-controller roles across UK banks, insurers and non-bank financial institutions. Typical destinations include:

  • Senior Risk Analyst
  • Credit Risk Manager
  • Market Risk Analyst
  • Operational Risk Analyst
  • Financial Controller
  • Model Risk Analyst

The MSc in Risk and Financial Control provides credit toward the GARP FRM and PRMIA examinations and supports Chartered Membership of the Institute of Risk Management.

Entry Requirements

  • A UK 2:2 honours degree in a relevant discipline, or an equivalent international qualification. Applicants with three years of substantive professional experience in the discipline may apply on a portfolio route; numeracy comfort is expected.
  • GCSE English Language at grade 5/C (or equivalent) is required for domestic applicants; international applicants meet the language rule below.
  • IELTS 6.5 overall (no band below 6.0) for non-native English speakers.
  • A short statement of intent (600 words) explaining research or applied interests, plus two references (one academic, one workplace or professional-body).

Why Study at LSIBM

The London School of International Business and Management (LSIBM) is a specialist business-education provider based in central London and part of Harold International College. Postgraduate cohorts run in small tutor-visible groups, are shaped by working senior practitioners (partner-level at a Big Four firm, Fellow-level at CIM or CIPD, CFA charter-holders in investment routes) and close with a substantial dissertation, sponsor consulting project or applied capstone defended in front of a working panel.

London puts the City, Canary Wharf, Whitehall, Companies House, the FCA, the Bank of England, the West End and the major consulting, banking and multinational headquarters within a short tube ride of every classroom. LSIBM postgraduates attend a fortnightly senior-practitioner clinic and a structured executive-application coaching programme in the final term.

Apply for the MSc in Risk and Financial Control

Step into the senior track with the MSc in Risk and Financial Control. Click Enrol Now and admissions will reply within one working day with intake dates, dissertation supervisor allocation guidance and the current fee schedule. LSIBM postgraduates are supported by dedicated executive-application coaching in the final term.

Frequently asked questions.

Common questions about MSc in Risk and Financial Control.

One year full-time, two years part-time online. The MSc in Risk and Financial Control schedules cohort calls across UK and APAC time zones.

Yes. The MSc in Risk and Financial Control runs fully online, on-campus in London and by distance learning, all assessed against the same capstone.

Yes. The MSc in Risk and Financial Control is designed around GARP, PRMIA and Institute of Risk Management senior competencies used across UK banks and insurers.

A UK 2:2 honours degree or three years of relevant experience, plus IELTS 6.5 for international applicants. Numeracy comfort is expected.

Tuition varies by route and domicile. Contact LSIBM admissions for the current fee schedule and scholarship eligibility for the MSc in Risk and Financial Control.

Where Knowledge MeetsInnovation.

At Harold International College of London, we believe in nurturing minds and empowering future leaders through world-class education and a commitment to community impact.

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MSc in Risk and Financial Control | LSIBM London | Harold International College of London