Risk Management Program

Minor in Risk Management
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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Risk Management Program

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Mission

The Risk Management Program educates the next generation of risk management leaders for an increasingly complex and interconnected business environment. A curriculum focused on stimulating critical thinking and sharpening analytical skills equips students to meet the risk challenges of tomorrow.

Borne out of a collaboration with the Southern California risk management industry, the Program emphasizes professional development through internships, mentorships, and networking events.

 

The Importance of Risk Management

To be successful, businesses must be able to manage their risks, that is, identify, analyze, mitigate, and communicate their risks. Risk management enables businesses to protect their balance sheets, income, employees, customers, and society from adverse events, such as natural disasters and product failures.

Risk Management Program Year-in-Review 2018-2019

 

Faculty

Faculty 2019-2020

Faculty teaching the required Risk Management Minor courses during the 2019-2020 academic year:

Kristen Jaconi (ACCT/BUAD 380x Introduction to Enterprise Risk Management)

Students have a choice of taking one of three other required courses, one of which is being offered during Spring 2020 by the following faculty:

Robert Smythe (PPD 407 Financial Management of Public and Nonprofit Organizations)

Faculty teaching the Risk Management Minor elective courses during the 2019-2020 academic year:

Mike Annany (COMM 309 Communication and Technology)

Murat Bayiz (DSO 455 Project Management)

Duke Bristow (FBE 437 Entrepreneurial Finance: Financial Management for Developing Firms)

Mike Cassar (ITP 370 Information Security Management)

Ward Ching (ACCT/BUAD 385x Introduction to Risk Management and Insurance)

Grant Derderian (ITP 125L From Hackers to CEOs: Introduction to Information Security)

Kevin Fields (FBE 458 Law of Forming, Financing and Managing Businesses)  

Benyomin Forer (ITP 479 Cyber Law and Privacy) 

John Furay (ITP 125L From Hackers to CEOs: Introduction to Information Security)

Joseph Greenfield (ITP 125L From Hackers to CEOs: Introduction to Information Security) 

Kristen Jaconi (ACCT 387x Risk Management in Entertainment, Sports, and the Arts)

Scott Joslin (FBE 459 Financial Derivatives)

Jennifer Kassar (ITP 125L From Hackers to CEOs: Introduction to Information Security)

Mark Lloyd (COMM 422 Legal Issues and New Media)

Stefan McGregor (ITP 125L From Hackers to CEOs: Introduction to Information Security and ITP 325 Ethical Hacking and Systems Defense)

Hiroshi Ochiumi (BUAD 315x Basics of Project and Operations Management for Non-Majors)

John Redmon (ITP 370 Information Security Management)

Jeffrey Russell  (PHIL 258g Probability and Rational Choice)

Juan Saavedra (ECON 361 Understanding Financial Crises)

Mohammad Safarzadeh (FBE 443 Introduction to Forecasting and Risk Analysis)

Caesar Sedek (ITP 325 Ethical Hacking and Systems Defense) 

John Strauss (ECON 340 Economics of Less Developed Countries)

Sean Straw (ITP 125L From Hackers to CEOs: Introduction to Information Security)

Bala Subramanian (DSO 427 Designing Spreadsheet-Based Business Models) 

Mick Swartz (FBE 459 Financial Derivatives) 

Michael Thom (PPD 357 Government and Business)

Dimitri Williams (COMM 309 Communication and Technology)

Howard Williamson (ITP 375 Digital Forensics)

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USC Risk Management Program Advisory Council  

The mission of the Advisory Council is to provide sustained financial and intellectual business capital to support the continuous creation and maintenance of the preeminent undergraduate curriculum designed to educate and equip the next generation of emerging risk professionals.

USC Risk Management Program Advisory Board

 

John Barrett
           

President

John P. Barrett

Executive Vice President

Aon Risk Insurance Services West, Inc

 

 

John Barrett is Executive Vice President of Aon Corporation in Southern California. In this role, John provides Executive Client contact, Account Executive, and Production expertise. John also sits on Aon’s Multinational Steering Committee, focusing on driving a consistent service platform for large, global clients. Aon is a full-service organization offering risk management services, consulting, and human capital management consulting for small, mid-sized, and global clients.

John earned a B.S. in Marketing from Santa Clara University and an MBA from Pepperdine University, and holds the Associate in Risk Management (ARM) designation (1988). John is very actively involved in the community and sits on several boards, including the Los Angeles Area Chamber of Commerce (Executive Committee 2017-2020), and is President of The California Club - 2017-19. He was named as Los Angeles Business Journal’s Top 500 Most Influential People in Los Angeles; President, USC Risk Management Program Advisory Board 2017-19, and Santa Clara University, Bronco Bench Foundation Board Member 2016-2019.

 

Steve Wilder
         

Vice President

Steve Wilder

Vice President-Risk Management

The Walt Disney Company

 

Steve Wilder is the Vice President-Risk Management for The Walt Disney Company, a position he has held for over 30 years. His department is responsible for directing Disney's worldwide corporate Risk Management program.

He holds a B.A. in Economics from the University of Pennsylvania and has completed UCLA’s Executive Management Program. In addition, he has an Associate in Risk Management (ARM) designation and a Masters in Risk Management from Florida State University.

He was named Business Insurance's Risk Manager of the Year in 1990 and is a former National President of the Risk and Insurance Management Society (RIMS). He currently sits on the Board of Directors of USC Verdugo Hills Hospital, and is President of the Foundation Board for Glendale Community College. In 2010 Steve was awarded RIMS’ top honor, The Goodell Award, for his lifetime achievements in Risk Management.

 

Peter Arkley

President, Specialty Group

Executive Vice President, Senior Managing Director

Construction Services Group 

Alliant Insurance Services, Inc.

 

Peter Arkley joined Alliant Insurance Services, Inc. in 2011 and has brought together the premier construction risk management talent in the United States. In his role as Senior Executive Vice President and Senior Managing Director, Construction Services Group, Peter is directly responsible for insurance and surety operations, including owner-controlled and contractor-controlled programs, environmental, professional, subguard, and contract and commercial bonds. Peter also is responsible for the development and implementation of the construction business and financial strategy. Prior to joining Alliant, Peter served as Chief Executive Officer of the construction operations at Aon, an international insurance brokerage firm. Prior to joining Aon in 1994, Peter held senior executive positions with Marsh & McLennan and Johnson & Higgins in New York and Los Angeles. He began his career in 1977 with American International Group where his central focus was financial services products such as directors and officers and fiduciary liability insurance.

 

Travis Bethune
             

Travis Bethune

Senior Vice President, West Region

Customer and Broker Engagement

Berkshire Hathaway Specialty Insurance

 

Travis Bethune is the Senior Vice President of Customer and Broker Engagement for the West Region at Berkshire Hathaway Specialty Insurance and is responsible for leading and driving profitable growth across all lines within the region. Travis’ career in the insurance industry spans greater than 23 years. He started with Chubb in 1995 as a management liability underwriter in the northeastern United States and later assumed underwriting leadership responsibilities for the Western Pennsylvania and West Virginia markets. He transitioned to the bay area in 2006 as a regional marketing manager for Chubb in Northern California. In 2012, Travis joined Allianz (Fireman’s Fund) and assumed national distribution management responsibilities for nearly three years. Most recently, Travis joined Berkshire Hathaway Specialty Insurance in early 2015 and continues to fulfill his current leadership responsibilities. 

He has actively supported the Insurance Industry Charitable Foundation (IICF), Big Brothers Big Sisters, Friends of the Children, Junior Achievement, and Inroads organizations throughout his career. Travis, his wife, and son reside in Oakland, California.

 

Betsey L. Brewer
                     

Betsey L. Brewer

Principal

EPIC Insurance Brokers

 

Betsey L. Brewer, CPCU, is a Principal of EPIC Insurance Brokers. A big promoter of insurance & risk management education she has served on numerous local, state, and national Property & Casualty Insurance Boards, including the Board of Directors for Independent Insurance Agents & Brokers of California (IIABCal) and as President & Chair of the CPCU Society.

Outside of the industry Betsey served six years as Chair of the Board of Directors for the Girl Scouts of Greater Los Angeles Council. Betsey, a lifetime Girl Scout, was honored with the Visionary Award and the “Thanks Badge,” Girl Scouting’s highest Volunteer honor.

Betsey attended USC. She resides in Nevada.

 

Carl V. Davidson
          

Carl V. Davidson

Senior Vice President

Commercial Insurance – Property & Casualty

Chubb Group of Insurance Companies

 

Carl V. Davidson has lived in Los Angeles since 1974 and has spent his entire professional career here. After graduation from college he began his insurance career in 1983 as a claim trainee with Liberty Mutual Insurance. In 1986 Carl joined Industrial Indemnity in the Claims department. While at Industrial Indemnity, he moved into a Program Underwriting position and in 1992 transitioned into a marketing role. In 1995 Carl moved to the broker side with Sedgwick with a specialty in program development. He joined Chubb in 2000 as an excess casualty underwriter. In 2001 he became Excess Casualty Practice Leader. Since 2007 he has been the Los Angeles CCI Manager.

Carl has an Associate in Risk Management (ARM) designation. Carl holds a B.A. degree in Communications from Loyola Marymount University in Los Angeles, CA.

 

Chris Houska
                     

Chris Houska

Managing Director

R-T Specialty, LLC

 

Chris Houska serves as the Managing Director of R-T Specialty, LLC and a Member of the USC Risk Management Program Advisory Board. With over 20 years of experience in the insurance industry, he served as the Chair of the Board of Directors for The Surplus Lines Association of California and President of CRC/Sterling West Insurance Services specializing in Casualty, Property and Professional Lines. Chris began his insurance career as a Commercial Lines Underwriter with the Chubb Insurance Group. In 1989, he joined A.J. Renner & Associates in Chicago, Illinois as a wholesale broker before moving to their California branch in 1990. There, he fostered a small start-up and turned it into a large, independent wholesaler. In 1999, he and his partner bought out the California branch to form Sterling West Insurance Services, Inc. (Sterling West), with offices in Glendale and Orange County.

Joining A.J. Renner in California led him into the construction practice in which he soon became a specialist. As he continued to hire new brokers he formed the largest casualty construction practice on the west coast. Today the largest three individual brokers in the construction business work with Chris at R-T Specialty and write some of the largest projects in the country.

Chris holds a B.A. degree in Business from Michigan State University. He is very involved in his community through his activities with Campbell Hall Episcopal School and Children's Hospital.

 

Diane Kooken
          

Diane Kooken

Managing Director

Marsh & McLennan Companies, Inc.

 

Diane Kooken is a Managing Director of Marsh and a Senior Client Advisor in the FINPRO (Financial and Professional) Department in the Los Angeles Office, with over 30 years of insurance experience as a Broker with Marsh and its predecessor company Johnson & Higgins.  

Her responsibilities include risk evaluation and the design of complex risk transfer solutions that address financial and professional exposures impacting her clients.  Diane is recognized for her technical expertise and knowledge about products such as D&O, employment practices and fiduciary liability insurance.  She is an advisor and broker to a variety of publicly traded U.S. and multinational companies that have D&O insurance programs heavily supported in the U.S., European and Bermuda marketplace, with a strong emphasis on mega-cap companies that lead their respective industries with strong and internationally valued brands. 

Diane is the only Client Advisor who has been granted lifetime emeritus membership on the FINPRO Global Advisory Board (“global think tank” consisting of selected highly accomplished colleagues from FINPRO offices in the U.S., Bermuda and Europe).  Unique in our industry, this group is responsible for assuring that FINPRO colleagues throughout the organization benefit from the best “know-how” in FINPRO, working to continuously improve the breadth, consistency, quality of service and product offerings for all of our clients. 

Given her tenure with the firm, as well as her recognized technical abilities, Diane is known for her expertise with manuscript policies containing state-of-the-art coverage, and is a national resource available to other client advisors and their clients regarding strategies, structure and placement of their D&O and other financial lines of insurance.

Diane is the EPL Product Leader for FINPRO.

 

Vincent J. Monastersky
          

Vincent J. Monastersky

Vice President

Risk Management

Fox Corporation

 

After graduating with a B.S. degree in Business from the State University College at Oneonta, Vincent J. Monastersky started his professional career in New York, working as an insurance broker in the Personal lines business. Relocating to Los Angeles, he broadened his professional experience with GNW-Evergreen Insurance Services, specializing in Personal and Commercial lines insurance. 

 

While attaining his Certified Insurance Counselor (CIC) designation, he discovered his passion for risk management after attending his first Certified Risk Manager (CRM) course. He continued on to earn that designation as well as the Associate in Risk Management (ARM) designation. Vincent applies that knowledge and expands his experience as the Vice President of Risk Management at Fox Entertainment Group where he has been for over 11 years. Vincent is proudly serving as the Past President for the Los Angeles Chapter of the Risk and Insurance Management Society (RIMS).

 

Lindsay Moore
        

Lindsay Moore

Worldwide Facilities, LLC

 

Lindsay Moore currently works as a casualty broker at Worldwide Facilities, LLC, a national property and casualty wholesale insurance broker headquartered in downtown, Los Angeles. She graduated from USC in 2013 with a B.S. degree from the Marshall School of Business, majoring in Corporate Finance and minoring in Sports Media Studies. She also achieved a Diploma in Risk and Insurance from St John’s University, School of Risk Management, in New York City as well as the Chartered Property Casualty Underwriter (CPCU) and the Associate in Surplus Lines Insurance (ASLI) insurance industry designations.

In addition to being on the USC Risk Management Program Advisory Board, Lindsay serves on the Wholesale & Specialty Insurance Association’s Career Development Committee, creating interest, enthusiasm, and awareness for college students around the country about careers and opportunities in the wholesale, specialty, and surplus lines industry.

 

Karen Silverman
            

Karen Silverman

Corporate Counsel

Keenan & Associates 

 

Karen Silverman is Corporate Counsel for Keenan & Associates, an Assured Partners company, which creates innovative insurance products and services for schools, municipalities, and healthcare organizations. At Keenan, Karen handles contractual, policy, and insurance issues, provides legal advice related to new product development, assists with privacy liability matters, and mitigates legal risks involving the company, among other tasks. Previously, Karen served as Vice President and Policyholder Counsel for a large, privately held broker, where she assisted clients with management liability claim matters. Karen has experience as an insurance broker for wholesalers and a retailer, and as an underwriter for a carrier with a captive alternative risk program. Karen is well-versed in insurance and corporate law, as well as risk analysis, negotiation, and settlement techniques.

Karen enjoys volunteering with non-profits in Los Angeles, including The Midnight Mission, the ACLU SoCal, Human Rights Now, and Neighborhood Legal Services. In her spare time, Karen enjoys traveling, scuba diving, and yoga.

 

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USC Risk Management Program Advisory Council

 

(In alphabetical order)

Peter Arkley        

President, Specialty Group

Executive Vice President, Senior Managing Director 

Construction Services Group

Alliant Insurance Services, Inc.

Lauren Bailey

Global Head Entertainment

Allianz Global Corporate & Specialty

John P. Barrett

Executive Vice President

Aon Risk Insurance Services West, Inc.

Niloo Bedrood

Managing Director

Risk & Financial Advisory

Technology, Media & Entertainment

Deloitte & Touche, LLP

Travis Bethune

Senior Vice President, West Region

Customer and Broker Engagement

Berkshire Hathaway Specialty Insurance

Kevin S. Bogart 

Chief Executive Officer 

Wood Gutmann & Bogart Insurance Brokers

Alan Boring         

Managing Director           

USI Insurance Services LLC

Devon Borisoff

Senior Underwriter | Commercial Department

Vice President of Carrier Relations

Monarch E&S Insurance Services

Betsey L. Brewer

Principal               

EPIC Insurance Brokers

Howard Bush

Senior Vice President      

Zurich Global Corporate

Charles Chin

Los Angeles Branch Manager

The Navigators Management Company

Ward Ching

Managing Director - Western Region        

Aon Risk Solutions

John G. Chino    

Area Senior Vice President            

Arthur J. Gallagher & Co.

Robert Clemo

Southern California Office Leader               

Integro Group

Janet Comenos

Chief Executive Officer 

Spotted Media, Inc.

Stephanie Conner              

Risk Management             

The Walt Disney Company

Carolyn Conners

Specialty Lines/Healthcare

Beazley Insurance Services

Thomas W. Corbett

Chairman and Chief Executive Officer

Alliant Insurance Services, Inc.

Brian Davidian 

Executive Vice President - Casualty            

R-T Specialty, LLC

Carl V. Davidson                

Senior Vice President      

Commercial Insurance – Property & Casualty

Chubb Group of Insurance Companies

Bobbi Jo DeNofa               

Corporate Risk & Broking Leaders - Southwest Markets    

Willis Towers Watson

Ross Driscoll Jr.

Vice President

National E&S Insurance Brokers, Inc.

Kevin Dunham 

Regional Sales

Marketing & Distribution               

Everest Re Group, Ltd.

Gregory W. Econn            

Co-President & Managing Director             

Venbrook Insurance Services

Richard Flanagan               

President & Managing Director  

R-T Specialty, LLC

Carole Fleischman            

Chief Executive Officer

Pioneer Programs

John Genovese  

Chairman

Global Risk Management Practice              

Arthur J. Gallagher & Co.

Michael Heid

Executive Vice President and Managing Director

Alliant Insurance Services, Inc.

Teena Hostovich

Partner 

Lockton Companies

Chris Houska                        

Managing Director

R-T Specialty, LLC

Ralph Hurst

President, National Brokerage Group

Alliant Insurance Services, Inc.

Christy John

Senior Risk Analyst

Aon Insurance Managers (Bermuda) Limited

Nick Johndrow           

Regional Executive - Southwest

Allied World Insurance Company

Brad Keenan

Account Executive            

Keenan & Associates

Robert J. Kimmel

President and CEO

K2 Insurance Services, LLC

Diane E. Kooken                

Managing Director           

Marsh & McLennan Companies, Inc.

Janice Lum

Chief Operation Officer, WSW Region

Aon Risk Insurance Services West, Inc.

Mike MacGillivray            

Broker  

Shaw Moses Mendenhall & Associates

Paula Mannion

Assistant Vice President

CNA

Maureen McDonald         

Senior Vice President      

Aon/Albert G. Ruben Insurance Services, Inc.

Steven McElhiney

Chief Executive Officer

EWI Re, Inc.

Vincent Monastersky

Vice President

Risk Management

Fox Corporation

Ryan Montes       

Vice President   

Marsh & McLennan Companies, Inc.

Davis Moore        

Chairman & Chief Executive Officer

Worldwide Facilities, LLC

Lindsay Moore   

Worldwide Facilities, LLC

Bill Ortgiesen

Executive Client Director, Southwest         

AIG Property Casualty

Erin Parker

Senior Underwriter

Commercial Insurance & Private Equity

Chubb

Roger Plotkin                       

Consultant

BrightView Landscapes

William Roberts

General Counsel

WJR & Co. Legal Consulting

Drue Rutledge

Director

Benefits & Risk Management       

The Wonderful Company

Karen Silverman

Corporate Counsel

Keenan & Associates

Isaac Stern           

Vice President   

Keenan & Associates

Eric Stuckman

Vice President   

Worldwide Facilities, LLC

Jerry Sullivan

Chairman             

Sullivan Re

Jeffrey C. Terry

Senior Vice President

Managing Director

HUB International

David Thoman

Operations Senior Vice President

FM Global

Steve Wilder

Vice President

Risk Management

The Walt Disney Company

 
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Joining the USC Risk Management Program Advisory Council

As a member of the USC Risk Management Program Advisory Council, not only does your contribution help shape the future of the USC Risk Management Program, you also enjoy the benefits of recruiting and mentoring USC students and joining a community of top risk management professionals. Members network with each other at Advisory Council meetings and other events, building business knowledge and contacts.

The Advisory Council offers various membership levels that allow you to connect and engage in meaningful ways.

View the USC Risk Management Program brochure and join us today. For additional information, please contact Kristen Jaconi, Director, Risk Management Program, at kjaconi@marshall.usc.edu.

Leventhal/Marshall Risk Management Courses

These three courses are open to all undergraduate students. Student do not have to declare the Minor in Risk Management before registering for any of these courses. For Marshall students, these three courses all satisfy the upper division elective course requirement.

ACCT/BUAD 380x Introduction to Enterprise Risk Management (Units: 4)

ACCT/BUAD 380x Introduction to Enterprise Risk Management (Units: 4)

Professor Jaconi visiting LAFC with students from ACCT/BUAD 380x Introduction to Enterprise Risk Management
Professor Jaconi visiting LAFC with students from ACCT/BUAD 380x Introduction to Enterprise Risk Management 

This course is an introduction to enterprise risk management for undergraduate students. An organization faces risks in nearly all activities it undertakes, whether to market a new product, expand an existing business line to a new region, build a factory, engage a supplier, or hire personnel. Individuals able to identify risks across an organization’s operations and understand the methods and tools available to analyze and control these risks contribute to an organization’s success. In addition, communicating these risks clearly, accurately, and timely to executive management, the board of directors, and other enterprise stakeholders is critical to strategic performance.

This course aims to develop these skills by providing a basic understanding of risk and risk management processes for those entering into the fields of risk management, insurance, engineering, urban planning, accounting, auditing (internal and external), operations, and many others.

 

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ACCT/BUAD 385x Introduction to Risk Management and Insurance (Units: 4)

ACCT/BUAD 385x Introduction to Risk Management and Insurance (Units: 4)

Professor Ching visiting Mattel with students from ACCT/BUAD 385x Introduction to Risk Management and Insurance
Professor Ching visiting Mattel with students
from ACCT/BUAD 385x Introduction to
Risk Management and Insurance
 

 

Professor Ching visiting the Disney studios in Burbank with students from ACCT/BUAD 385x Introduction to Risk Management and Insurance.
Professor Ching visiting the Disney studios in Burbank with students from ACCT/BUAD 385x Introduction to Risk Management and Insurance.
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Professor Ching visiting Guess with students from ACCT/BUAD 385x Introduction to Risk Management and Insurance
Professor Ching visiting Guess with students from ACCT/BUAD 385x Introduction to Risk Management and Insurance​

 

 

 

 

 

 

 

 

 

 

 

 

This course is an introduction to risk management and insurance for undergraduate students. The concept and role of risk management and insurance are rapidly changing in the international market. Globalization, technological advances and the adaption by enterprises and economies have led to rapid changes in how risks are evaluated and mitigated.  The ability to identify/anticipate, measure, financially and operationally manage, mitigate and communicate risk exposures as a portfolio is essential to business success.  Moreover, the ability to communicate the various impacts and consequences of material risk exposures to executive management and other enterprise stakeholders is becoming a mission critical management skill. 

This course provides a basis for further study for those entering into the fields of risk management, insurance, reinsurance, claims management, financial engineering, enterprise risk management, accounting, auditing (internal and external), and operations. 

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ACCT/BUAD 387x Risk Management in Entertainment, Sports, and the Arts  (Units: 4)

ACCT/BUAD 387x Risk Management in Entertainment, Sports, and the Arts  (Units: 4)

STAPLE Center class field trip
Professor Jaconi visiting STAPLE center with students from ACCT/BUAD 387x Risk Management in Entertainment, Sports, and the Arts

This course teaches the basics of risk management through the lens of entertainment, sports, and arts. The business of entertainment, sports, and the arts continues to face significant disruption with new market entrants, novel products and technologies, and unforeseen events compelling traditional market participants to react, innovate, and change. Risk management has never been more critical to these industries. This course aims to equip students with the knowledge and skills to identify, analyze, control, finance, and report on the risks particular to these industries. Through case studies and guest lectures, students explore issues such as the risks facing the traditional television industry in an era of disruption, crisis managing a scandal-plagued celebrity in the digital age, and protecting an invaluable art collection from fires, earthquakes, and theft.

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Minor in Risk Management

The Minor in Risk Management provides students with fundamental knowledge of risk management - a crucial component of contemporary management, corporate governance, and decision making under uncertain conditions. The required courses provide the foundation of the risk management processes and insurance, the most common form of risk transfer.

The electives provide opportunities to more deeply understand risks and the environment in which they arise as well as specific methodologies of mitigation. The minor is available to students in all schools and departments. Industries currently seeking risk management professionals include entertainment, tech, aviation, hospitality, healthcare, manufacturing, insurance, and many others.

Those students declaring a Minor in Risk Management are able to participate in a mentorship program overseen by the Leventhal School of Accounting’s Risk Management Program. The mentorship program pairs students with risk management professionals for the academic year.

To declare this minor, students must have completed a minimum of 32 units of college-level coursework and have a minimum overall GPA of 2.75. Successful completion of the Minor in Risk Management requires 16 units with a minimum G.P.A. of 2.0 in the following courses:

 

Required Courses (8 Units)

ACCT/BUAD 380x Introduction to Enterprise Risk Management (Units: 4)

Choose one of the following:

ACCT/BUAD 385x Introduction to Risk Management and Insurance (Units: 4)

PHIL 258g Probability and Rational Choice (Units: 4)

PPD 407 Financial Management of Public and Nonprofit Organizations (Units: 4)

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Electives (8 Units)

Complete at least 8 units from the following:

  • ACCT 385x Introduction to Risk Management and Insurance(Units: 4) ***
  • ACCT 387x Risk Management in Entertainment, Sports and the Arts (Units: 4)
  • BUAD 315x Basics of Project and Operations Management for Non-Majors (Units: 2)
  • COMM 309 Communication and Technology (Units: 4)
  • COMM 422 Legal Issues and New Media (Units: 4)
  • DSO 427 Designing Spreadsheet-Based Business Models (Units: 4)
  • DSO 455 Project Management (Units: 4)
  • ECON 340 Economics of Less Developed Countries (Units: 4) *
  • ECON 361 Understanding Financial Crises (Units: 4) *
  • FBE 437 Entrepreneurial Finance: Financial Management for Developing Firms (Units: 4)
  • FBE 443 Introduction to Forecasting and Risk Analysis (Units: 4) *
  • FBE 458 Law of Forming, Financing and Managing Businesses (Units: 4)
  • FBE 459 Financial Derivatives (Units: 4) *
  • ITP 125L From Hackers to CEOs: Introduction to Information Security(Units: 2)
  • ITP 325 Ethical Hacking and Systems Defense (Units: 3) *
  • ITP 370 Information Security Management (Units: 3)
  • ITP 375 Digital Forensics (Units: 3) *
  • ITP 479 Cyber Law and Privacy (Units: 3)
  • PHIL 258g Probability and Rational Choice (Units: 4) ***
  • PPD 357 Government and Business (Units: 4) **
  • PPD 358 Urban and Regional Economics (Units: 4)
  • PPD 407 Financial Management of Public and Nonprofit Organizations (Units: 4) ***

*Prerequisite required that is not part of this minor. 
** PPD will waive the prerequisite.
*** If not applied to the minor as a required course.

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Risk Management Careers, Internships, & Mentorships

 

 

Career Conference February 2, 2018

Career Conference February 2, 2018 Career Conference February 2, 2018

Career Conference February 2, 2018 Career Conference February 2, 2018 Career Conference February 2, 2018 Career Conference February 2, 2018

Career Conference February 2, 2018 Career Conference February 2, 2018

 

 

 

 

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Internship Program

"Whether you are working in or studying risk management, just know it will always be relevant and invaluable to whatever you do in life. It will never be antiquated and always be necessary."

Michel Abud, USC, 2019

The Risk Management Program resulted from a collaboration with local risk management firms to prepare students for a professional career within the risk management industry. The Internship Program strengthens this collaboration and provides students insight to the skills needed to succeed in this field.

Internships provide students with the opportunity to work on challenging assignments, receive training and constructive feedback from industry professionals, build upon their network of professional relationships, and assess their interest in the risk management field.

The USC Risk Management Program Advisory Council, composed of over 30 firms, and a select group of other risk management firms actively recruit students for internships during the fall, spring, and summer terms. For a list of recruiting firms, see below.

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Recruiting Firms

 

AIG

Alliant
Allianz Global Corporate & Specialty

AmWINS

Aon Beazley Insurance Services

Chubb

Deloitte

Everest Re Group, Ltd.

EY

FM Global

Fox Corporation  

Gallagher Hub International

K2 Insurance Services

Keenan & Associates 

KPMG Lockton Companies

Marsh & McLennan Companies, Inc.

Morley Builders

Pioneer Programs Promontory Financial Group, LLC

R-T Specialty, LLC

Spotted Media, Inc

Topa Insurance Group

USI Insurance Services LLC

Venbrook Insurance Services

Willis Towers Watson

Worldwide Facilities, LLC

 

 

 

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Mentorship Program

 

Risk Management Mentorship Program Launch Dinner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Mentorship Program pairs students (mentees) declaring a Minor in Risk Management with risk management professionals (mentors) for the academic year.

Through the Mentorship Program:

Mentors:

  • Serve as role models of the upmost character and integrity for the mentees
  • Encourage the professional and personal growth of mentees
  • Share their knowledge and experience with mentees
  • Guide mentees in setting and attaining professional and personal goals

Mentees:

  • Strive to grow professionally and personally by listening to mentors’ advice
  • Work to attain professional and personal goals with mentors’ guidance
  • Accept and incorporate constructive feedback from mentors
  • Demonstrate personal and professional respect of others in accordance with SCampus

 

Mentors and Mentees participating in the Mentorship Program must comply with the Mentorship Program Standards, available here (https://www.marshall.usc.edu/sites/default/files/2019-10/Mentorship%20Standards%20%28Fall%202019%29.pdf)

The Mentorship Program is subject to the USC Career Center’s Recruiting Guidelines and Policies (https://careers.usc.edu/employers/guidelines-and-policies/), including, but not limited to, the Non-Discrimination Policy, USC’s Commitment to a Safe, Harassment-Free Environment, and the Alcohol and Marijuana Policy.

The use of alcohol or marijuana at any point during on- or off-campus Mentorship Program-related events, including sports events, is prohibited. Any organization violating this policy will no longer be eligible to participate in any Risk Management Program, USC Career Center, and USC Marshall Career Services events or programs.

For questions or inquiries regarding the Mentorship Program, please contact Kristen Jaconi, Director, Risk Management Program, kjaconi@marshall.usc.edu.

 

 

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Events

Upcoming Events

RIMS-CRMP Prep Workshop (USC Marshall Executive Education)

February 1 and 2, 2020 9:00 am – 4:00 pm

University Park Campus

Join USC Marshall Executive Education and the Risk and Insurance Management Society the weekend of February 1 and 2, 2020 for a preparatory course for RIMS’s Certified Risk Management Professional credential. Register here.

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Past Events

USC Risk Management Symposium

November 19, 2019 7:30 am – 6:30 pm 

Town & Gown Ballroom, University Park Campus

Join us on Tuesday, November 19, 2019 for the USC Risk Management Symposium bringing together leading executives, policy officials, and USC faculty to discuss the disruptive forces generating risks and opportunities in sports, television, data analytics, and insurance. Nine CPE credits available.

 

Meet the Risk Management Professionals 

September 18, 2019 6:00 pm – 8:00 pm

USC Hotel

Network with risk management professionals from over 20 firms, including Aon, Chubb, Disney, FM Global, Fox, and R-T Specialty. Some of these firms will be actively recruiting freshmen, sophomores, juniors, and seniors for internships and full-time job opportunities. Light refreshments served.

 

Risk Management Program Information Session over Churros on the Parkway

August 26, 2019 12:00 pm – 3:00 pm

Trousdale Parkway at VKC

Join us for churros and learn about the Risk Management Program, the fall semester 2019 risk management courses, and the student-led Risk Management Society at USC.

 

Risk Management Program Information Session over Churros on the Parkway

March 27, 2019 12:00 pm – 3:00 pm

Trousdale Parkway at VKC

Join us for churros and learn about the Risk Management Program, the fall semester 2019 risk management courses, and the student-led Risk Management Society at USC.

 

Goldman Sachs Risk Division Virtual Information Session

March 25, 2019 1:00 pm – 2:00 pm

Popovich Hall (JKP) Room 112

Join Goldman Sachs Risk Division representatives at a virtual information session to learn more about the opportunities they offer. Register at https://www.eventbrite.com/e/goldman-sachs-risk-division-virtual-info-session-tickets-58600746410Registration is limited. 

 

Meet the Risk Management Professionals 

February 27, 2019 6:00 pm – 8:00 pm

Radisson Hotel

Network with risk management professionals from over 20 firms, including Aon, Chubb, Disney, FM Global, and R-T Specialty. Some of these firms are still actively recruiting freshmen, sophomores, juniors, and seniors for internships and full-time job opportunities. Light refreshments served.

 

First Day of Risk Management in Entertainment, Sports, and the Arts Class: Syllabus Review over Pizza 

January 8, 2019 4:00 pm – 5:50 pm

Bridge Hall (BRI) 8

Join us over pizza for the first day of Risk Management in Entertainment, Sports, and the Arts (ACCT 499) to review the syllabus and learn about the Risk Management Program and minoring in risk management.

 

First Day of Introduction to Enterprise Risk Management Class: Syllabus Review over Breakfast

January 8, 2019 10:00 am – 11:50 pm

Bridge Hall 8

Join us over donuts and bagels for the first day of Introduction to Enterprise Risk Management (ACCT/BUAD 380x) to review the syllabus and learn about the Risk Management Program and minoring in risk management.

 

Risk Management Internship Peer Panel

November 14, 2018 7:00 pm – 8:30 pm

Von KleinSmid Center (VKC) 260

Looking for an internship and want free pizza? There is still time! Come to the Risk Management Internship Peer Panel to learn directly from students who interned in the risk management and insurance industries this past summer. This event is tailored for students interested in risk management consulting, actuarial science, data analytics, finance, crisis management consulting, and insurance. No prior experience in these industries is necessary. All years are welcome to come and learn more!

 
Risk Management Minor Mentorship Program Launch Dinner
 
November 5, 2018 6:00 pm - 8:00 pm
 
Moreton Fig
 
Interested students minoring in Risk Management will meet their mentors from the risk management profession at this Mentorship Program Launch Dinner.

 

Minor Information Sessions for Prospective Students

October 16, 2018 5:00 pm – 6:00 pm

Leventhal School of Accounting (ACC) 310

Attend an information session to learn about the 18 different minor programs in the Marshall School of Business, including the Minor in Risk Management.

 

Risk Management Symposium: Emerging Issues in Cyber Security, Insurance, Tax, Trade and Crisis Management

October 11, 2018 7:30 am – 5:00 pm

Town & Gown, University of Southern California

Join risk management professionals, senior executives, policymakers, faculty, and students for the day-long Risk Management Symposium sponsored by the USC Leventhal School of Accounting, the USC Marshall School of Business, and CBIZ MHM. The Symposium brings together experts, current and former officials, multi-disciplinary service providers and USC to share their knowledge on emerging issues in risk management. For a full agenda and to register, see https://www.marshall.usc.edu/departments/leventhal-school-accounting/leventhal-conferences/risk-management-symposium.

 

Meet the Risk Management Professionals

October 3, 2018 6:00 pm – 8:00 pm

Radisson Hotel

Meet over 20 firms, including Aon, Chubb, Disney, FM Global, and R-T Specialty, actively recruiting freshmen, sophomores, juniors, and seniors for internships and full-time job opportunities. Light refreshments served.

 

Minor Information Sessions for Prospective Students

September 12, 2018 6:00 pm – 7:00 pm

Fertitta Hall (JFF) 327

Attend an information session to learn about the 18 different minor programs in the Marshall School of Business, including the Minor in Risk Management.

 

First Day of Introduction to Risk Management and Insurance Class: Syllabus Review and Networking with Industry Professionals over Pizza 

August 23, 2018 6:00 pm – 9:30 pm

Leventhal School of Accounting (ACC) 312

Join us over pizza for the first day of Introduction to Risk Management and Insurance (ACCT/BUAD 385x) to review the syllabus, learn about the Risk Management Program and minoring in risk management, and network with risk management professionals supporting our internship program and mentorship program.

 

First Day of Introduction to Enterprise Risk Management Class: Syllabus Review and Networking with Industry Professionals over Italian Food 

August 21, 2018 12:00 pm – 1:50 pm

University Club, Scriptorium Room

Join us over Italian food for the first day of Introduction to Enterprise Risk Management (ACCT/BUAD 380x) to review the syllabus, learn about the Risk Management Program and minoring in risk management, and network with risk management professionals from Aon, Disney, Marsh, and others supporting our internship program and mentorship program.

 

Shaved Ice on the Parkway

August 16 12:00 pm – 2:00 pm

Leventhal School of Accounting, 3660 Trousdale Parkway

Come learn about the Risk Management Program, the Risk Management Minor, and the risk management courses being offered this fall and have some shaved ice. Learn also about job and internship opportunities and the mentorship program.


 

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Student  Profiles

student profiles

Austin Gumins
Austin Gummins Student Profile Photo
     

During the fall semester 2018, you took Introduction to Enterprise Risk Management and Introduction to Risk Management and Insurance. Why did you take these courses and what prompted you to declare the Minor?

I took these courses based off of a recommendation of Jasmine Klein who had taken the Introduction to Enterprise Risk management course and was going to take the Introduction to Risk Management and Insurance class with Professor Ward Ching. She convinced me to give both classes a chance, and I am incredibly happy I listened to her because they were two of my favorite classes I have ever taken at USC. After only a few weeks, I knew that this was an incredibly interesting subject and I declared the minor, with a little influence from my friends and Professor Jaconi. This minor has opened up a brand new field of interest for me that I am very excited about.

You interned during the summer 2018 at an investment firm. What did you do at the firm and how was that related to risk management?

During summer 2018 I interned at Rimrock Capital Management. While there, I worked directly with the Senior Vice President of Risk Management on the development of new investment risk reports, providing me with critical risk management skills. In addition, I worked with compliance to monitor trading data through specialized Excel formulas. These duties provided me with a basis for financial risk management as I looked at liquidity, credit, and market risk on a daily basis while also making sure the company was following risk management protocols set up by its compliance department.

Why should students take the risk management courses? Why should students minor in Risk Management?

Risk management courses are extremely interesting and valuable. They teach basic risk management skills that every student can use in their own lives. In addition, they give students a glimpse into this industry. The minor in particular gives students all the resources to succeed in this industry, offering mentors, internship opportunities, and an enormous amount of support for the students. This minor is perfect for all types of students because it teaches basic risk management skills, opens up a career path in this industry, and can be completed relatively quickly. It is an incredibly interesting field of study and I am extremely happy that I fell into it.

As part of the Minor in Risk Management Program, you have been paired with a mentor from the risk management profession and spent a job shadow day at your mentor’s firm. What did you do during the job shadow day? How did the job shadow day impact your views of the daily life of a risk management professional?

The job shadow day was incredibly interesting as I got to learn all about what my mentor does on a daily basis at Shaw, Moses, Mendenhall & Associates Insurance Agency. I got to see the different functions of a middle market insurance agency, especially the duties of a producer. I learned about personal and commercial lines and how an insurance agency operates. This experience proved what I have been told for the last year: insurance is an incredibly creative field that is all about problem solving and personal connections.

You have also created under your mentor’s guidance an individual development plan setting forth personal and professional goals. How has that individual development plan helped you?

While I created this plan as a guideline, writing my goals out on paper allowed me to complete all of them by my deadlines. I obtained a summer internship, have been reading the news daily, and have practiced my networking skills often.

In October 2018 and February 2019, you attended the Risk Management Professionals events where students networked and discussed internship and career opportunities with risk management professionals. What did you learn from those events?

Although I hate networking, these events were extremely beneficial as they helped me practice my networking skills and learn all about the different career paths and companies in this industry.

You are the Chief Investment Officer of the student-led Risk Management Society at USC. Describe your role as Chief Investment Officer.

As the Chief Investment Officer, I am responsible for managing the club’s bank account, budgeting for each semester and allocating capital to plan events and purchase merchandise, and handling public relations for the society, which involves reaching out to professionals in the risk management and insurance industry.

What does the Risk Management Society at USC hope to accomplish?

The Risk Management Society at USC is a student-run business organization focused on promoting risk management, career planning, and networking. The purpose of this organization is to explore and promote academic and career issues related to the fields of risk management, insurance, and actuarial science, and to help those interested in the industry network outside of the classroom and develop professional skills relevant to the industry.

Who makes the best coffee on campus?

Dulce.

Where is your favorite place to eat on campus?

Seeds!

What is your favorite spot to study on campus?

VPD.

If you had one piece of advice for freshmen and transfer students, what would that be (besides enrolling in the risk management courses)?

Have as much fun as you possibly can because college is too short. Do as much as you possibly can with your time here. Join as many clubs and organizations as you can, take classes that you love, and enjoy every moment at USC.

You are a professional skier. Have the risk management courses impacted how you view the sport of skiing or pursing a professional career in skiing?

Skiing is inherently a very dangerous sport. Flying down the hill faster than a car on the freeway is very risky, one mistake and your season and even career can be over. Unfortunately, there is little room for risk management in this area as every decision is made in a split second, and many things are out of your control. The best skiers are the ones that ignore all risks and have no caution. However, risk management can play a huge part in the overall lifestyle of a skier as you must consider your workout routine and how to manage your body to prevent accidents and have the best possible performance on the hill.

When you have parents, relatives, and friends visit you at USC, what do you show them on campus? In the Los Angeles area?

DTLA, Manhattan Beach, Melrose, Santa Monica, and I would take them for amazing food.

I would just give them the full campus tour and make sure to focus on Marshall, the Village, and the Row.

Where is your favorite place to visit in the Los Angeles area?

Manhattan Beach.

If you had to take one book to a deserted island, what would that be?

Harry Potter (the whole set if possible but if not, the Deathly Hallows).

If you were stranded on a deserted island with a cineplex that could play one movie on a continuous loop, what movie would you show?

Ferris Bueller’s Day Off.

If you were stranded on a deserted island with a gaming console and the ability to play your favorite game, what would you play?

Fortnite.

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Andrew Kim
Andrew Kim Student Profile Photo
         

How does the Minor complement your Business Major?

Being an aspiring entrepreneur, I focused my energy on learning about all the different aspects of a business, from the production to sales to financial and such. With my passion being the research and development of cannabis, I saw the lack and immediate need for insurance for many big and smaller businesses. Risk management is such an important aspect of business that is often overlooked and managed by different departments such as the Legal team. Through the many networking events and mentorship program that the Risk Management Program provides, I’ve not only been learning about but also experiencing the different careers in risk management.

How are these courses different than your other courses at USC?

There is no other class or program that brings in as many or more respected professionals than these Risk Management courses. Professor Kristen Jaconi really dedicates all her time into helping all of her students. From going on a tour to the LAFC and Lakers stadium to meeting executives from big companies, Professor Jaconi always makes sure the students are being exposed to the best of the best. These courses are the most engaging and proactive classes I’ve taken at USC.

How did the job shadow day impact your views of the daily life of a risk management professional?

Whenever the word ‘insurance’ is mentioned, everyone’s interest level vanishes. No one realizes just how interactive and exciting it can be. For my job shadow day, I visited my mentor, Erin Parker and her company, Chubb, on their ‘Casual Friday’ and had the chance to individually meet a few of her colleagues and learn more about their careers in their respective specializations at Chubb. Afterwards, I tagged along to an event they were hosting for a networking event with one of their partners. Obviously, work is not all play in the risk management industry, but I realized just how socially demanding and interactive their jobs are. It’s a stark contrast to the stereotype of insurance being all about selling life or car insurance. 

How has the Mentorship Program impacted you?

I was initially hesitant in being paired with a mentor who might not be open to my interests, but Professor Jaconi reassured me the Program would pair me with the best match. After meeting my mentor, Erin Parker, I knew I would be forever grateful to Professor Jaconi for this opportunity. As busy as Erin is with her own life and work, she became one of the biggest impacts on my professional development. Erin not only gives me advice on internships or career decisions but she always goes out of her way to connect me with other professionals who can relate and educate me. She literally helps with anything I need help with from internships, to networking, to professional etiquette but even more, she actively checks in with me to make sure I’m getting my work done as well.

If you were stranded on a deserted island with the ability to listen to one audio podcast, what would you listen to?

I’ve been a huge Joe Rogan fan for the longest time ever. From his debates with Twitter Executives about their discrimination policies to smoking cannabis with Elon Musk to engaging conversations with archaeologists about chimpanzees having entered the stone age, Joe Rogan is so entertaining.

You were a founding member of the student-led Risk Management Society at USC. What does this organization hope to accomplish?

As one of the first major colleges on the west coast with an actual program in risk management, it’s expected that not many people have any knowledge of risk management. Through the Risk Management Society, we aim to expose students with different skillsets such as actuarial science, accounting, cyber security, to potential careers in risk management. We hold professional development workshops and networking opportunities so students can also directly engage with the professionals who are so willing to help USC.

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Jasmine Klein

Jasmine Klein Photo

You recently declared a Minor in Risk Management. How does the Minor complement your Economics/Psychology Major?

I believe my Risk Management Minor provides a perfect balance to my Economics and Psychology Majors. Risk Management has a lot to do with working with people and reading situations, incorporating Psychology. In contrast, my Economics background is useful for the analytical and mathematical aspect of the subject. Additionally, my Economics and Psychology majors are both in Dornsife, and they tend to consist of large lecture style classes. My Minor provides me with a more individualized style of learning. I appreciate the differences in each of my majors and minor, and am grateful to have found a minor that adds a new layer to my path at USC.

You interned at an insurance company this summer. What was that like? What did you do there?

This summer, I interned at Navigators Insurance Group in their San Francisco office. I absolutely loved my experience and learned a tremendous amount. I was placed with underwriters in the Wholesale Excess Casualty division. I assisted the underwriters by writing preparatory summaries for both new and renewal business, updating rating notes for recently bound accounts, and compiling data to analyze in the future. It was great to feel like I was learning just as much as I was contributing.

You were one of the “Pioneer” students, taking the first risk management course offered in USC’s Risk Management Program, Introduction to Enterprise Risk Management, in spring 2018. How did that course help you with your internship?

Before taking the Introduction to Enterprise Risk Management course last Spring, I had never considered a career in Risk Management or Insurance simply because I knew nothing about it. I found the course fascinating and relevant. ERM was the first class I took that I truly felt would directly help me in the workplace. This course gave me my foundation at my internship. While I ended up interning on the Insurance side, having a background in risk management helped me learn quickly and understand the terms used in day to day work life. I am very grateful that I took a chance and took ERM as an elective; it has acted as a stepping stone to a new career path I never would have discovered otherwise.

You are enrolled in Introduction to Risk Management and Insurance with Aon executive Ward Ching. What are you hoping to learn from this class?

While I recently interned at an Insurance company and learned throughout my internship by sitting in on meetings and assisting the underwriters, I was never taught the foundations of Insurance, so I am excited to learn. I want to understand the language of Insurance. While I loved interning with underwriters, I am curious if there is another part of Insurance that I may be interested in career-wise. Additionally, I am excited to learn from Professor Ching, as he has personal experience in the industry.

Why should students take the risk management courses?

Students should take the risk management courses to gain insight on risk management or insurance as a potential career. This industry is often overlooked as a course of study; however, I found my experience in ERM to be both informative and practical. I believe that students will gain skills and knowledge from these courses whether they choose to minor in Risk Management or not.

You have expressed interest in founding a student risk management group at USC this fall. What is your vision for that group?

I envision a student risk management group at USC being a way to both educate peers as well as sell risk management or insurance as a potential career path. Risk management is a way of thinking that can help every individual in his or her own respective careers. I believe this group would give students the tools to think more critically in the workplace, as well as allow students to share their own personal experiences working in risk management or insurance. Like any club on campus, this group would unite those with a common interest and create a space to both network and potentially make new friends.

What was the most surprising thing you learned at your job this summer?

The most surprising thing I learned at my job this summer is how fun the insurance industry is. While sitting in a cubicle and getting work done is important, a large part of the industry is also entertaining clients and establishing connections. An underwriter’s job has two sides, just like my two majors—Economics and Psychology. Economics correlates more to the intellectual work side, sitting at a desk binding accounts; on the other hand, psychology is parallel to the importance of people skills and making those vastly important connections. I was surprised by the work life balance in the industry, and found myself excited for work each morning.

How was the Introduction to Enterprise Risk Management different than your other classes at USC?

As an Economics and Psychology double major, most of my classes have been on the larger side. In ERM, I appreciated the intimacy of the class. The Introduction to Enterprise Risk Management course was different because it was formed to be practical and to guide students if need be. Due to these goals, I established great connections with both my professor and my classmates, and felt like I learned skills that I could take with me in my personal and professional life.

Where is your favorite place to eat on campus?

My favorite place to eat on campus is BBCM, which is a new restaurant in the village that stands for The Butcher, The Baker, and The Cappuccino Maker. During finals last Spring, one day I spent 8 hours at BBCM and ate two consecutive meals there. Highly recommend.

Where is your favorite spot to study on campus?

My favorite building to study in on campus is Verna and Peter Dauterive Hall, Fertitta’s neighbor, and I argue the most underrated building on campus. Marshall kids all say Fertitta is the best, but as a Dornsife student I never go there, so my vote is for VPD.

When you have parents or relatives visit you at USC, what do you show them on campus?

When I have parents or relatives visit USC, I show them how I live my daily life. I walk the route to my classes, show them my apartment, and take them to my favorite places to eat.

Where is your favorite place to visit in the Los Angeles area?

My favorite place to visit in the greater Los Angeles area is Disneyland! The happiest place on Earth never fails to put a smile on my face. I still collect Chip and Dale pins.

If you had to take one book to a deserted island, what would that be?

A Fine Balance by Rohinton Mistry.

If you were stranded on a deserted island with a cineplex that could play one movie on a continuous loop, what movie would you show?

Mamma Mia.

If you were stranded on a deserted island with a gaming console and the ability to play your favorite game, what would you play?

Super Mario Bros on the Wii—still a fantastic game!

 

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Megan Moore
Megan Moore Photo
                        

You interned at an insurance company this summer. What was that like? What did you do there?

For the past eight months I have been working at a wholesale insurance brokerage firm in the property department. I assist brokers with servicing their accounts. I am actually in the process of earning my brokerage license and should have it done by the end of September. With the license, I will be able to market and quote accounts on my own. I have enjoyed my experience very much and am excited to continue to work there this upcoming semester.

You were one of the “Pioneer” students, taking the first risk management course offered in USC’s Risk Management Program, Introduction to Enterprise Risk Management, in spring 2018. How did that course help you with your internship?

It was kind of funny actually because what I was learning in class coincided with what I was working on at work. It was really interesting to learn from a class and then literally be able to utilize the information in the workforce.

You are enrolled in Introduction to Risk Management and Insurance with Aon executive Ward Ching. What are you hoping to learn from this class?

I am really excited to learn more about his personal career. He seems to have vast experience in the industry and I think that his knowledge will help make the course more interesting and help the students learn more from it.

Why should students take the risk management courses?

I would recommend taking the risk management courses because it is something in the Business industry that is really applicable and it draws from every class I have taken so far. It uses what I learned from theory standpoints in different classes and applies them to real life examples.

You have expressed interest in founding a student risk management group at USC this fall. What is your vision for that group?

I think that a Risk Management Society on campus will help draw more attention to the minor and also help give students an opportunity to network with industry professionals and learn first-hand knowledge from them.

What was the most surprising thing you learned in Introduction to Enterprise Risk Management last semester?

We learned how to play craps.

What was the most surprising thing you learned at your job this summer?

I learned that I like working in a social environment.

How was the Introduction to Enterprise Risk Management different than your other classes at USC?

It was the first business class that I felt was applicable to the real world.

Who makes the best coffee on campus?

Starbucks.

Where is your favorite place to eat on campus?

Seeds.

What is your favorite spot to study on campus?

Doheny Library 1st floor.

If you had one piece of advice for freshmen and transfer students, what would that be (besides enrolling in Introduction to Enterprise Risk Management and Introduction to Risk Management and Insurance)?

Get involved as much as you can. You meet your closest friends in clubs and groups on campus because you share the common interest in things.

You are a Los Angeles native. Where is your favorite place to visit in the Los Angeles area?

I love the Southbay, but I am biased because I am from there.

Where in Los Angeles do you bring your USC friends not from the area?

Hiking in Malibu.

If you were stranded on a deserted island with a cineplex that could play one movie on a continuous loop, what movie would you show?

Slumdog Millionaire.

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Valerie Xu
Valerie Xu Student Profile Picture
        

You have declared a Minor in Risk Management. What prompted you to declare the Minor?

I had no idea what I wanted to do for my future career my first year. The summer of my freshman year, I met with Professor Jaconi in her office one day and learned about the concept of risk management in a nutshell. She recommended to me a relevant book called Against the Gods, which I found very interesting and then decided to enroll in the Enterprise Risk Management class. As I gained more understanding and industry exposure through Professor Jaconi’s class and chats with industry professionals, I just fell in love with risk management, declared the minor, and have become very involved with the minor program ever since.

How does the Minor complement your Business in Cinematics Arts Major?

I have always had a passion for the entertainment field, both in the US and the rest of the world. Thus, I applied for the Business in Cinematic Arts major hoping to get exposure to the entertainment businesses. The Risk Management minor complements the BCA major perfectly because by my second year at SC, I knew I didn’t really want to be a filmmaker or producer like a lot of other students in my cohort. However, I still wanted to engage in business activities with or within entertainment companies. I was thinking of being more of an entertainment consultant by the beginning of my sophomore year. Talking to Professor Jaconi and taking Enterprise Risk Management and the Risk Management and Insurance class with Professor Ward Ching made me realize my potential and the opportunities in the risk management and insurance arena, which inspired me greatly in terms of setting my preferences and goals for a future career.

During the fall semester 2018, you took Introduction to Enterprise Risk Management and Introduction to Risk Management and Insurance. During the spring semester 2019, you enrolled in Risk Management in Entertainment, Sports, and the Arts. That is a lot of risk management! Why did you take these courses? How are these courses different than your other courses at USC?

I wanted to learn as much about risk management and insurance as possible as a sophomore, so that when I had an industry job/internship, I would be already familiar with the concepts and basic terminologies and would be able to jump right in. I consider taking these classes as the way to maximize my education effectiveness at USC since I already have a clear short-term goal for myself upon graduation.

In addition, Risk Management in Entertainment, Sports, and the Arts is such a unique class that explores a niche set of products/concept in the insurance and risk management industry, which is something I’ve always tried to integrate in my study here at USC and potentially future profession as well. I want to pursue a career in an entertainment-related field in the risk management industry. By taking these classes, I’ve met with entertainment risk managers, brokers and entertainment insurers, which has provided me a lot more understanding of what they really do and how can I better equip myself to excel in the industry from now on. The guest speakers in all these classes are extraordinary, which is something I’ve never experienced in my other classes. Simply by taking these classes, doing team projects, and meeting with professionals, I’ve improved my personal as well as my professional skills so much in my sophomore year.

Why should students take the risk management courses?

Risk is everywhere in every kind of business activity and operation, no matter what you want to do in the business world, whether as a consultant, financial advisor, business lawyer, accountant, or controller, basic risk management skills will never hurt.

As part of the Minor in Risk Management Program, you have been paired with a mentor from the risk management profession and spent a job shadow day at your mentor’s firm. What did you do during the job shadow day?

My job shadow day at Marsh with my mentor Ryan Montes was incredible. He gave me a tour of the office and an overview of the history and culture of Marsh. I got to chat with the office head for 30 mins while Ryan was in a meeting. I learned a lot more about insurance and day-to-day business operations from the head of the office, his colleagues (an actuary team, brokers specializing in different lines), and Ryan himself. Then, I had lunch with one of Ryan’s colleagues he works closely with and the risk manager from AEG, who used to work at Marsh and is a good friend of Ryan. After the lunch, Ryan arranged for me a mock interview with Mr. Steve Wilder, the risk manager of Disney, because I had mentioned to Ryan I would like to practice and improve my interview skills and set that as one of the individual development plan goals for this year. Before I completed the day, I also chatted with Ryan about my plan upon graduation as he is currently on track to complete a part-time MBA program. The entire day was filled with great information and an amazing schedule Ryan had put together. He is always there to give me advice, answer whatever questions I have, help me improve in different ways, and build meaningful relationships, which I think are the essence and highlights of this mentorship program.

You were a founding member of the student-led Risk Management Society at USC. What is your role in that student organization?

I’m the Chief Operating Officer for the Risk Management Society at USC and I help with a lot of administration and logistics of our organization and the events we put on. We hope to promote academic and career interests related to the field of risk management and insurance to all USC students and to help those interested network outside of the classroom and develop professional skills through our events. Anyone that’s interested should definitely check us out as all the board members work very hard to put on a lot of thoughtful and exciting events each semester!

You were in London for your spring recess in 2019 and you visited Lloyd’s. Tell us about your visit. What did you learn?

I had the chance to visit Aon’s headquarters and Lloyd’s of London over the spring break, thanks to Professor Ching arranging the visit for me.

On the day of, an Aon employee gave me a tour of both Aon and Lloyd’s, which was very educative and eye-opening. Lloyd’s has a long history of dealing with risks and insurance since the 1600s--some of the most significant events that we know such as the Titanic and 9-11 were insured by Lloyd’s syndicates using the concept of pooling of risks. The way Lloyd’s physical building was designed, with elevators and the plumbing system on the exterior of the building, gives a very unique and old-fashioned feel as well; it was purposely designed that way so in case something goes wrong with one of the elevators or the plumbing system, the business inside the building will not be interrupted.

I got to chat with a fellow Trojan in London about the entertainment division at Aon and then went to lunch with two Aon employees and a terrorism underwriter. I learned about their roles as property brokers and underwriter and got to hear a lot of fun stories they had at work. Then I sat in with the underwriter to observe how she does business and concluded my day at Lloyd’s. I saw the business interactions at Lloyd’s are still very old school and interesting---A broker holds a bunch of files/contracts in his/her arm coming into Lloyd’s and sits down on a bench next to the underwriter and starts explaining to the underwriter the risks and exposures and hopes the underwriter takes a certain percentage of the risk. The underwriter then might take 5% of the risk, stamps this on a piece of paper, then the broker moves on and goes around the building to different underwriters until he/she gets 100% coverage for the exposure.

Where is your favorite place to eat on campus?

Law School Café (Salmon Bowl!).

What is your favorite spot to study on campus?

Dauterive Hall is a hidden gem for studying on campus.

If you had one piece of advice for freshmen and transfer students, what would that be (besides enrolling in the risk management courses)?

Talking to professors/professionals is a great way to get a sense of the industry they are involved with and figure out what you might do as a future career path.

You are from China. What surprised you most about Southern California when you moved here at age 14?

Lack of seasonings, most of the time only salt and pepper are available.

Where is your favorite place to visit in the Los Angeles area?

Korean town for the food!

If you had to take one book to a deserted island, what would that be?

Heart of Darkness.

If you were stranded on a deserted island with a cineplex that could play one movie on a continuous loop, what movie would you show?

3 Idiots.

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Luke Zuvich
Zuvich Photo
                             

Where did you intern this summer?

I spent this summer interning for Five Point Holdings, the largest owner/developer of mixed-use, master-planned communities in coastal California.

What was the most surprising thing you learned at your job this summer?

As a Real Estate Development major, I have spent a fair amount of time studying the many aspects on the planning side of the real estate industry. But during my internship this summer, I was able to work in the Capital Markets department at Five Point, which gave me more exposure to the deal side of the industry and the role that capital markets and investors play in each development.

You were one of the “Pioneer” students, taking the first risk management course offered in USC’s Risk Management Program, Introduction to Enterprise Risk Management, in spring 2018. Why should students take the risk management courses?

The skills and practices supported by the Risk Management Program through its curriculum are pertinent, in my opinion, for any future business professional to be aware of. You truly have no idea what this world is ever going to throw at you, and understanding Risk Management will help you be prepared as an executive when it’s time to make those decisions. In addition to the excellent curriculum that the Program offers, it also has some of the most established and prestigious professors available at the University of Southern California, so I can guarantee that taking any of the courses will be worthwhile.

Did you learn anything in Introduction to Enterprise Risk Management that you applied in your job this summer?

Since Five Point is a public company, they are required to disclose any potential risks to the company’s operations in their reports to investors and filings with the SEC. After taking Introduction to Enterprise Risk Management, I went through the company’s 10-K Report to see what those risks were and then I regularly met with the Executive Vice President of Capital Markets, whom I spent my internship working under, to discuss those risks and their corresponding probability so that I could understand each of them better.

What was the most surprising thing you learned in Introduction to Enterprise Risk Management last semester?

Professor Jim Leonetti had some incredible stories about crises that he ran into throughout his own career and I think my class would agree with me that none of us would have ever expected those things to happen in the professional world. It just goes to show that you will never know what to expect and the most that we can do right now is prepare for those situations in the future, because they can and do happen every day.

How was Introduction to Enterprise Risk Management different than your other classes at USC?

Introduction to Enterprise Risk Management had some of the most important information I believe I have ever learned in a class. The material we covered in the class has the ability to make or break your career if you are faced with an unexpected crisis in the future, and Professor Leonetti made a clear effort to teach us things that you do not typically learn in school so that we could get the most out of the course as possible. Overall, Introduction to Enterprise Risk Management is unique because the course is applicable across a broad range of industries and taking the course could potentially change your career in many ways.

Who makes the best coffee on campus?

If you have ever been to Urth Café, I would highly recommend their Spanish Latte, which is basically a shaved ice coffee that tastes more like coffee ice cream than actual coffee. They do not have a location on campus at the moment, since Starbucks has not missed an opportunity to buy more space in the area, but it is worth the ride to the Arts District if you have the time. It might get you more Instagram followers too if you take a picture of it.

Where is your favorite place to eat on campus?

Nowhere on campus can compete with Panda Express. Fried rice and double orange chicken. Avoid EVK at all costs.

What is your favorite spot to study on campus?

The USC Catholic Caruso Center has a beautiful library on the second floor, which I have found to be my favorite and most relaxing place to study over the past three years. It even has a fireplace so you feel exactly as if you were at home and it has conference rooms if you need to find a place to meet with a group.

Your brother is a freshman on the USC football team. You played on the USC baseball team as a sophomore. What advice are you giving him to be a successful student-athlete at USC (besides enrolling in Introduction to Enterprise Risk Management and Introduction to Risk Management and Insurance)?

I would give the simple advice of going to class. As a former student-athlete, I often witnessed teammates who felt like they did not have the energy to go to class because of the level of intensity they were expected to compete at each day. But I can tell you with all certainty that if you go to class, school will not be as hard as it can be and you will thank yourself when midterms and finals come around. You also owe your professors the respect and professionalism of showing up to class, given the time commitment they are making to help you learn and grow as a student.

Where in Los Angeles do you bring your USC friends not from the area?

I love going to the Los Angeles Kings games. I am a huge sports fan and there is no better place in the country to see a sporting event than the Staples Center.

Your parents met at USC as college students. Where do you take them on campus when they come to visit you?

My parents love coming back for football games and tailgates. As a student, I would say that Game Days are the best part about going to USC and Saturdays in the fall have practically become weekly holidays for us. The tailgates have as much energy as a tent at Coachella and then we all walk to the Coliseum together to cheer on our friends and classmates playing on the big stage. I usually meet my parents at the game, unless my dad makes a guest appearance at the tailgate, and we sit together and catch up on everything that’s going on. I have been going to USC games since I was a baby so it has been surreal to go there as a student now and be able to spend time with my parents watching the games, which we have done so many times together.

If you had to take one book to a deserted island, what would that be?

The best book I ever read was The Mental Edge by Kenneth Baum. I read it during the summer before my sophomore year of college, when I walked on to the USC Baseball team. The book describes a program that helps athletes across the world maximize their psychological performance in their sport and, because baseball requires so much precision and mental focus, reading the book helped me tremendously when I walked on a few months after. Even now if I go to the golfing range or bowling with some friends, I apply the concepts and practices I learned in The Mental Edge.

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Risk Management Society at USC/Gamma Omicron Chapter

USC students established the Risk Management Society at USC during the fall semester 2018. The purpose of this organization is to explore and promote academic and career issues related to the field of risk management, insurance, and actuarial science, and to help those interested in the industry network outside of the classroom and develop professional skills relevant to the industry.

In November 2019, the student organization was chartered as the Gamma Omicron Chapter of Gamma Iota Sigma.

The Risk Management Society hosts professional developments events, networking sessions, and panel discussions throughout the academic year for interested students. For questions regarding the Risk Management Society at USC, please email RMSUSC@gmail.com.

Risk Management Program in the News

WalletHub’s 2019 Best Cheap Car Insurance in California, WalletHub (August 2019)

Kristin Broughton, Drivers Lead Protest Ahead of Uber IPO, The Wall Street Journal Online (May 8, 2019)

Don Jergler, USC’s New Risk Management Program Draws Students Looking for Mentors, Insurance Journal (February 18, 2019)

Lindsay Moore, Starting a Risk Management program at USC,  WSIA U40 News (February 2019)

The Future of Risk Management, USC Leventhal School of Accounting Newsletter (Fall/Winter 2018)

Joyce E. Cutler, Accounting Firms, Schools Adapting for Cyberrisk, Regulation, Bloomberg Tax (November 23, 2018)

Safety First: Worried West Coast corporations partner to fuel the risk management pipeline, USC Marshall School of Business Newsletter (October 23, 2018)

 

Risk Management Program Staff

Risk Management Program Staff

   

Kristen Jaconi
      

 

   Kristen E. Jaconi

   Director

   Risk Management Program

 

 

 

 

 

 

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