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Accounting & Finance FinTech and Financial Analytics

Certificate for Module (GARP Risk and AI)
證書(單元 : GARP風險與人工智能)

Course Code
FN146A
Application Code
2355-FN146A
Credit
6
Study mode
Part-time
Start Date
11 Nov 2025 (Tue)
Duration
30 hours
Language
English
Course Fee
HK$9,000
Deadline on 18 Jul 2025 (Fri)
Enquiries
2867-8322
2861-0278
Apply Now

Highlights

This programme aims to provide students with an overview of potential risks, global regulations and ethical considerations related to integrating AI business and financial applications. The programme also assists students in preparing for the Risk and AI examination (RAI) offered by the Global Association of Risk Professionals (GARP).
 

Programme Details

On completion of the programme, students should be able to

  1. explain the fundamentals of different AI tools and techniques; 

  2. analyse the key drivers and challenges of AI risk management; 

  3. assess the challenges of responsible and ethical AI at company level; and 

  4. integrate AI model governance in business and financial applications. 

 

Syllabus

1. Overview of Risk and AI
  • Introduction to classical AI 
  • Basics of neural networks
  • Overview of machine learning techniques and applications
  • Risks associated with inscrutability of AI and machine learning
  • Risks associated with over-reliance on AI systems

 

2. Fundamentals of AI Tools and Techniques
  • Unsupervised learning, semi-supervised learning and supervised learning
  • Reinforcement learning and neural networks
  • Applications of natural language processing
  • Model estimation and model performance evaluation
  • Data preparation techniques
  • Overview of Generative AI and Large Language Models (LLMs)

 

3. Introduction to AI Risk Management
  • Algorithmic bias and fairness
  • Explainability, interpretability and transparency
  • Autonomy and manipulation
  • Reputational risk
  • Existential risk
  • Global challenges and risks associated with AI

 

4. Responsible and Ethical AI
  • Introduction to practical ethics
  • Ethical frameworks
  • Principles of AI ethics
  • Challenges of AI ethics
  • Privacy and cybersecurity
  • Current global governance initiatives around AI

 

5. Data and AI Model Governance
  • Data governance framework
  • Model governance
  • Model development and testing
  • Model review and validation
  • AI governance framework and design concept
  • AI governance, model risk management drivers and change management

 

6. Case Studies of Risk and AI
  • Investment portfolio management
  • Loan default classification
  • Credit scoring and lending decisions
  • Financial market risk management
  • Financial fraud detention

 

Award

Upon successful completion of the programme, students who have passed the assessment with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a “Certificate for Module (GARP Risk and Artificial Intelligence).”

Type of Assessment

Description

Weighting

Group Presentation

1. Group Project: One case study to integrate AI model governance in business and financial applications

Project report (1,000 words)

2. Presentation on findings (15 minutes)

30%

+

20%

Examination

One 1-hour examination (MC questions)

50%

 

 

Total: 100%

Application Code 2355-FN146A Apply Online Now
Apply Online Now

Duration
  • The programme consists of ten sessions, each lasting 3 hours.
Venue

Class Details

Timetable

November 2025 Intake:

Class  Date  Time 
11 Nov 2025 (Tue) 7:00 pm - 10:00 pm 
18 Nov 2025 (Tue)
25 Nov 2025 (Tue)
2 Dec 2025 (Tue)
9 Dec 2025 (Tue)
16 Dec 2025 (Tue)
23 Dec 2025 (Tue)
30 Dec 2025 (Tue)
6 Jan 2026 (Tue)
10  13 Jan 2026 (Tue)

Teacher Information

Dr Ryan Chan

Deputy Executive Manager, Data Services & Change, Hong Kong Jockey Club

EngD, CEng MIET, PMP, PSM

Background

Dr. Chan has spearheaded the establishment of a data and AI ecosystem to enable data-driven transformation in a sizable organisation.  His initiatives have delivered successful business outcomes through AI use cases, implementation of a centralised data analytics platform, and development of structured data management practices. He holds an Engineering Doctorate (EngD) from the University of Manchester (UK), specialising in Data Science. Earlier in his career, Dr. Chan developed and delivered predictive modelling solutions for defense and space applications across global markets.

 

Fee

Course Fee
  • HK$9,000

Entry Requirements

Applicants shall hold an Advanced Diploma, a Higher Diploma or an Associate Degree awarded by a recognised institution.  

 

Applicants with other qualifications will be considered on individual merit. 

Apply

Online Application Apply Now

Application Form Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of personal information and payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, new and continuing students of award-bearing programmes with available online service, they may also pay their course fees by Online WeChat Pay, Online Alipay or Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolment Centres and avoid making cheque payment under this circumstance.

  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque, FPS or PPS by Internet will be reimbursed by a cheque, and fees paid by credit card will be reimbursed to the credit card account used for payment. 

  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to “HKU SPACE” to any of our enrolment centres.