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 2019-2020

 

For Year-In-Review 2018-2019, visit here.

Faculty

Faculty 2020-2021

Faculty teaching the required Risk Management Minor courses during the 2020-2021 academic year:

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

Students have a choice of taking one of three other required courses, two of which are being offered during Spring 2021 by the following faculty:

Jeffrey Russell (PHIL 258g Probability and Rational Choice)

Baqhar Syed (PPD 407 Financial Management of Public and Nonprofit Organizations)

Faculty teaching the Risk Management Minor elective courses during the 2020-2021 academic year:

Mike Annany (COMM 309 Communication and Technology)

Cosimo Arnesano (BUAD 315x Basics of Project and Operations Management for Non-Majors)

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)

Jennifer Kassar (ITP 375 Digital Forensics)

Stefan McGregor (ITP 325 Ethical Hacking and Systems Defense)

Juan Saavedra (ECON 361 Understanding Financial Crises)

Caesar Sedek (ITP 325 Ethical Hacking and Systems Defense) 

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

Mick Swartz (FBE 459 Financial Derivatives) 

Kathleen Takayama (DSO 455 Project Management)

Michael Thom (PPD 357 Government and Business)

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 Solutions

 

 

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
         

Senior Vice President

Steve Wilder

Senior Vice President

Risk Management

The Walt Disney Company

 

Steve Wilder is the Senior 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
         

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.

 

 

Niloo Bedrood
             

Niloo Bedrood

Managing Director

Risk and Financial Advisory

Deloitte & Touche, LLP

 

Niloo Bedrood is a Managing Director in Deloitte & Touche LLP’s Risk and Financial Advisory practice and the Technology, Media and Telecommunications industry sector. She is a leader in Deloitte’s Resiliency and Crisis Management practice helping companies with the full lifecycle of strategic risks and crisis activities: preparing, responding, and recovering from threats, major disruptions, and crises. Niloo graduated summa cum laude from California State University, Northridge with a B.S. in Business Administration Accounting & Management Information. Certified in Fraud Examination and Cyber Security, she spent the majority of her career in consulting. Prior to her current role, Niloo was Senior VP at Sony Pictures Entertainment where she had both strategic and operational responsibilities in Finance. She started her career at Arthur Andersen in 1991 and spent the first 11 years of her career in consulting before joining Deloitte in 2002 where she was a principal in the Enterprise Risk Management practice.

Niloo led Deloitte’s women’s initiative for Pacific Southwest, was Los Angeles Business Journal Woman of the year Nominee in 2008, and Council of Urban Professional Change Agent Nominee for Media & Entertainment in 2013. She currently serves on the Board of Alzheimer's Los Angeles, where she has been a passionate advocate since 2006.

 

Travis Bethune
             

Travis Bethune

Senior Vice President

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.

 

John Chino
                     

John Chino

Area Senior Vice President

Public Sector

Gallagher

 

John graduated from the University of Southern California, School of Business in 1981 with a Bachelor’s of Science in Finance and Business Economics.  He is a dedicated practitioner of risk management education. John is a Course Leader for The Institutes and has taught classes in the following series: ARM, INS and AIC.  Furthermore he is a member of the faculty at the National Alliance for Insurance Education & Research and teaches the Certified School Risk Managers program (CSRM).

John is a graduate of the Gallagher Summer Intern Program and the first American to pass the Lloyds Introductory Exam (1986). He has spent his entire career at Gallagher, is a member of the Leadership Team of the Public Sector Services niche and responsible for the development of public agency risk management programs.  In addition, John is the OCIP project director for the Orange County office and has designed, marketed and implemented several public agency Wrap-Up programs including the largest independent rolling Wrap for school districts in California. John is on the board of several non-profits including Community Matters and the ALS Association Golden West Chapter. 

 

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

President - National Casualty

R-T Specialty Insurance

 

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 E. 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 Manager

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 Attorney

Legal Department

Keenan  

 

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 Solutions

Niloo Bedrood

Managing Director

Risk and Financial Advisory

Deloitte & Touche, LLP

Travis Bethune

Senior Vice President

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

Bito Borovinsky

Managing Director

Office Head 

Global Risk Management Segment Leader

Marsh Risk & Insurance Services

Betsey L. Brewer

Principal               

EPIC Insurance Brokers

Howard Bush

Senior Vice President      

Zurich Global Corporate

Lisa Chen

Managing Director

China Business Group

Aon Risk Solutions

Charles Chin

Vice President, Excess Casualty 

Navigators Insurance Company

Ward Ching

Managing Director - Western Region        

Aon Risk Solutions

John Chino    

Area Senior Vice President         

Public Sector   

Gallagher

Robert Clemo

Managing Principal              

EPIC

Janet Comenos

Chief Executive Officer 

Spotted

Stephanie Conner              

Risk Management Manager        

The Walt Disney Company

Carolyn Conners

Head of Broker Relations, West Region

Beazley Group

Tom Corbett

Chairman and Chief Executive Officer

Alliant Insurance Services

Brian Davidian 

Executive Vice President - Casualty            

R-T Specialty Insurance

Carl Davidson                

Senior Vice President      

Commercial Insurance – Property & Casualty

Chubb Group of Insurance Companies

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

Jeff English                

Executive Vice President

W. Brown & Associates

Richard Flanagan

President & Managing Director  

R-T Specialty Insurance

Carole Fleischman            

Chief Executive Officer

Pioneer Programs

John Genovese  

Retired Chairman

Global Risk Management Practice              

Arthur J. Gallagher & Co.

Brian R. Gray

West Regional President

Markel Specialty

Michael Heid

Executive Vice President & Managing Director

Specialty Group

Alliant Insurance Services, Inc. 

Teena Hostovich

Partner 

Lockton Companies

Chris Houska                        

Managing Director

President - National Casualty

R-T Specialty Insurance

Ralph Hurst

President, National Brokerage Group

Alliant Insurance Services

Robert Jellen

Managing Director - Entertainment

HUB

Christy John

Senior Analyst

Aon Insurance Managers (Bermuda) Limited

Nick Johndrow           

Vice President & Los Angeles Branch Manager

Allied World Insurance Company

Brad Keenan

Account Vice President             

Keenan

Robert Kimmel

President and Chief Executive Officer

K2 Insurance Services, LLC

Diane E. Kooken                

Managing Director           

Marsh & McLennan Companies, Inc.

Alexandra Littlejohn

Executive Vice President 

US West CRB Region Leader

Willis Towers Watson

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

Steven McElhiney

Chief Executive Officer

EWI Re, Inc.

Vincent Monastersky

Vice President/Risk Manager

FOX Corporation

Ryan Montes       

Vice President   

Marsh & McLennan Companies, Inc.

Davis Moore        

Chairman & Chief Executive Officer

Worldwide Facilities, LLC

Lindsay Moore   

Worldwide Facilities, LLC

Janet Nasburg

Vice President

Enterprise Risk

Salesforce

Bill Ortgiesen

Executive Client Director, Southwest         

AIG Property Casualty

Roger Plotkin                       

Risk Consultant

Erin Parker

Senior Underwriter

Commercial Accounts and Private Equity

Chubb Group of Insurance Companies

William Roberts

General Counsel and Director of Legal Affairs

WATG

Karen Silverman

Corporate Attorney

Legal Department

Keenan

Isaac Stern           

Vice President   

Keenan Financial Services

Nicholas Stepina

Operations Senior Vice President

Operations Manager

FM Global

Eric Stuckman

Vice President   

Worldwide Facilities, LLC

Jerry Sullivan

Chairman             

Sullivan Re

Jeffrey C. Terry

Senior Vice President

HUB International

Timothy W. Turner

Chairman and Chief Executive Officer

RT Specialty

 

Steve Wilder

Senior Vice President

Risk Management

The Walt Disney Company

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Affiliate Advisory Council Members

CPCU Society Los Angeles Chapter

Clark Sheffield, CPCU

President

CPCU Society Los Angeles Chapter

Senior Underwriter

Seneca Insurance Company

Event Safety Alliance

Jim Digby

President and Founder

Event Safety Alliance

Global Association of Risk Professionals

Lisa S. Ponti

Vice President – Educational Outreach

Global Association of Risk Professionals

Wholesale & Specialty Insurance Association

Chris Timmerman

Career Development Programs Manager

Wholesale & Specialty Insurance Association

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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)

ECON 361 Understanding Financial Crises (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

 

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

Actuarial Exam Studying Best Practices

February 18, 6:00pm PST

Sign Up Link

Students who are studying for actuarial exams or want to learn more about getting started, please feel free to join us at our Actuarial Exam Studying Best Practices event on February 18 at 6:00pm. We will be joined by recent graduate Larisa Cabral, an actuarial analyst from Marsh. Come to ask questions and meet fellow USC students studying for the same exams.

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Past Events

Meet the Risk Management Professionals 

February 10, 2021 6:30 pm - 8:30 pm 

Risk management enables organizations to protect their balance sheets, income, employees, customers, reputation, and society from adverse events, such as pandemics, natural disasters, and product failures.
Come network with the experts to learn about the risk management profession. Several firms will be recruiting.

 

Women In Risk Management and Insurance Panel

November 4, 2020 6:00 pm - 8:00 pm

Gamma Iota Sigma (Risk Management Society at USC) will be hosting the Women In Risk Management and Insurance Panel on Nov. 4, 2020. This event will highlight women from different parts of the industry as they discuss their backgrounds and respective careers. We encourage all of our members to learn from these incredible professionals. 

 

Meet the Risk Management Professionals 

September 23, 2020 6:30 pm - 8:30 pm 

The virtual Meet the Risk Management Professionals event gives students the opportunity to network with over 40 organizations, including AIG, Alliant, Aon, Bank of America, Beazley, Boston Consulting Group, Chubb, Deloitte, Ernst & Young, the FBI, the Federal Reserve Bank of San Francisco, FM Global, Gallagher, Goldman Sachs, KPMG, Marsh, Oliver Wyman, PwC, Spotted, and Worldwide Facilities.

 

Risk Management Society/Gamma Iota Sigma Fall 2020 Orientation

September 10, 2020 6:30 pm -8:00 pm

The student organization Risk Management Society at USC/Gamma Iota Sigma - Gamma Omicron Chapter held the first virtual orientation welcoming over 20 new members and 40 returning members this semester. 

 

Introducing RIMS: Membership, Educational and Networking Opportunities, and the CRMP Certification

July 15, 2020  12:00 pm – 1:00 pm

The USC Risk Management Program hosted an online discussion on the Risk and Insurance Management Society (RIMS) and the benefits of being a student member, including networking and educational opportunities, such as webinars, scholarships, and case competitions, and the RIMS-Certified Risk Management Professional (CRMP) certification. Ward Ching, Managing Director, Aon, and Adjunct Professor, USC Leventhal School of Accounting, moderated the discussion. Panelists included:

· Will Gilchrist, Senior Member and Chapter Programs Manager, RIMS

· Jasmine Klein, USC alumna ’20, Risk Management Minor, and RIMS Member

· Ron Malden, Director of Content and Curriculum, RIMS

· Denise Osorio, Director of Certification Programs, RIMS

· Scott Ritto, ARM, RIMS-CRMP, Vice President, Risk Management, Kilroy Realty Corporation

· Jeffrey R. Stolle, Director, Risk Management, Castle & Cooke, Inc.

 

Professional Designations and Certifications in the Risk Management and Insurance Industries

June 30, 2020  12:00 pm – 1:15 pm

The USC Risk Management Program hosted an online discussion about designations and certifications in the risk management and insurance industries (including the CPCU, Associate in Risk Management (ARM), Financial Risk Manager (FRM), and Credit Risk Certification (CRC)) as well as educational and networking opportunities for undergraduate students. Panelists included:

· Maureen Gillespie, AIC, AINS, AIS, Manager of Emerging Leaders, CPCU Society

· Hany Gobreial, FRM, Vice President of Risk and Capital Management, Pacific Life

· Noel Gonzalez, Credit Analyst/Commercial Lending, Pacific Western Bank

· Ryan Montes, CPCU, ARM, Vice President, Marsh

· Alexis Montgomery, CPCU, CIC, Senior Client Manager, Business Insurance Division, Marsh McLennan Agency

· Lisa S. Ponti, PhD, Vice President – Educational Outreach, Global Association of Risk Professionals

· Clark Sheffield, CPCU, Senior Underwriter, Los Angeles Branch, Seneca Insurance Company

 

Risk Management Minor Virtual Graduation Reception

May 15, 2020 4:00 pm – 5:00 pm

The USC Risk Management Program honored the first class of graduating Minors in Risk Management with a virtual celebration with the Minors and their families.

 

Risk Management Minor Mentorship Program Digital Scavenger Hunt

April 6, 2020 6:30 pm – 8:00 pm

The Risk Management Minor Mentorship Program held its first ever digital scavenger hunt with eight teams of Minors in Risk Management mentees and mentors searching across the internet for items related to USC trivia and COVID-19.

 

RIMS-CRMP Prep Workshop (USC Marshall Executive Education)

February 27 and 28, 2020 9:00 am – 4:00 pm

University Park Campus

USC Marshall Executive Education and the Risk and Insurance Management Society hosted on February 27 and 28, 2020 a preparatory course for RIMS’s Certified Risk Management Professional credential.

 

Risk Management Minor Mentorship Program Launch Dinner
 
February 2020
 
Moreton Fig
 
Interested students minoring in Risk Management met their mentors from the risk management profession at Mentorship Program Launch Dinners.

 

Meet the Risk Management Professionals 

January 29, 2020 6:30 pm – 8:30 pm

USC Hotel

Students from across campus networked with risk management professionals from over 20 firms, including Aon, Chubb, Disney, FM Global, Fox, and R-T Specialty. Some of these firms were actively recruiting freshmen, sophomores, juniors, and seniors for internships and full-time job opportunities.

 

USC Risk Management Symposium

November 19, 2019 7:30 am – 6:30 pm 

Town & Gown Ballroom, University Park Campus

On Tuesday, November 19, 2019 USC Leventhal hosted 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

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

 

Risk Management Program Information Session over Churros on the Parkway

August 26, 2019 12:00 pm – 3:00 pm

Trousdale Parkway at VKC

Students ate churros and learned 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

Students ate churros and learned 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

Goldman Sachs Risk Division representatives hosted a virtual information session to learn more about the opportunities they offer. 

 

Meet the Risk Management Professionals 

February 27, 2019 6:00 pm – 8:00 pm

Radisson Hotel

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

 

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

Students joined the first day of Risk Management in Entertainment, Sports, and the Arts (ACCT 499) to review over pizza 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

Students joined the first day of Introduction to Enterprise Risk Management (ACCT/BUAD 380x) to review over breakfast 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

Students attended the Risk Management Internship Peer Panel to learn directly from students who interned in the risk management and insurance industries. This event was tailored for students interested in risk management consulting, actuarial science, data analytics, finance, crisis management consulting, and insurance.

 
Risk Management Minor Mentorship Program Launch Dinner
 
November 5, 2018 6:00 pm - 8:00 pm
 
Moreton Fig
 
Interested students minoring in Risk Management met 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

Students attended 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

Risk management professionals, senior executives, policymakers, faculty, and students attended 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 brought together experts, current and former officials, multi-disciplinary service providers and USC to share their knowledge on emerging issues in risk management.

 

Meet the Risk Management Professionals

October 3, 2018 6:00 pm – 8:00 pm

Radisson Hotel

Students networked with over 20 firms, including Aon, Chubb, Disney, FM Global, and R-T Specialty. Several firms were actively recruiting freshmen, sophomores, juniors, and seniors for internships and full-time job opportunities.

 

Minor Information Sessions for Prospective Students

September 12, 2018 6:00 pm – 7:00 pm

Fertitta Hall (JFF) 327

Students attended 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

Students joined the first day of Introduction to Risk Management and Insurance (ACCT/BUAD 385x) to review over pizza 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

Students joined the first day of Introduction to Enterprise Risk Management (ACCT/BUAD 380x) to review  over lunch 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, 2018 12:00 pm – 2:00 pm

Leventhal School of Accounting, 3660 Trousdale Parkway

Students learned about the Risk Management Program, the Risk Management Minor, and the risk management courses being offered during the fall semester over shaved ice.


 

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Student  Profiles

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

Eric Margolis, The Logistical Hell of Postponing the Olympics for One Year, Slate (April 14, 2020)

Andrew Keh, Motoko Rich, and Tariq Panja, Deciding to Postpone the Olympics was Tough. Actually Moving Them May be Tougher, The New York Times (March 25, 2020)

David Wharton, Tokyo Olympics postponed because of the coronavirus outbreak, Los Angeles Times (March 24, 2020)

August Brown and Randall Roberts, Can L.A. nightlife survive the coronavirus?, Los Angeles Times (March 12, 2020)

Samantha Hissong and Ethan Millman, 'Everything Is in Chaos': The Concert Business Stands to Lose Billions From Coronavirus, Rolling Stone (March 11, 2020)

Don Jergler, RIMS Workshop at University of Southern California Drawing Broader Insurance Professional Audience, Insurance Journal (February 18, 2020)

USC Leventhal’s Risk Management Program, USC Leventhal School of Accounting Newsletter (Fall/Winter 2020)

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

 

 

 

Valerie Yahao Xu
      

Valerie Xu

Student Project Manager

USC Risk Management Program

 

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