OJK Facilitates The Establishment Of A Master's Degree In Risk Management At Diponegoro University

Chairman of the OJK Board of Commissioners Wimboh Santoso (Photo: Doc. OJK)

JAKARTA - The Financial Services Authority (OJK) together with Diponegoro University (Undip) have agreed to form a Risk Management Concentration in the Master of Management Study Program, Faculty of Economics and Business (FEB).

Chairman of the OJK Board of Commissioners, Wimboh Santoso, said that this collaboration is a form of developing human resources (HR) for the future of the financial services sector.

“It is important for OJK to continue to improve the quality of human resources in line with developments in the financial services industry. The implementation of risk management is an important key in regulating and supervising the financial services sector," he said in an official statement, quoted on Saturday, September 4.

According to Wimboh, this concentration of Risk Management is needed to face the dynamics and challenges in the future which are increasingly complex.

"This Risk Management Concentration is the first to be opened in Indonesia," he said.

OJK's collaboration with Undip is also carried out in support of the Tri Dharma of Higher Education which plays a role in education, research and community service. To note, OJK Chairman Wimboh Santoso is also listed as a member of the Undip Board of Trustees.

Meanwhile, educational programs at the postgraduate level or master of management with a concentration of

Risk Management at Undip will start in the 2021 academic year as a form of HR development, where OJK provides scholarships to its employees who take part in the program.

Later, all compulsory courses offered have been adjusted to focus on the financial services industry. It was stated that the lecturers consisted of academics and professional and certified practitioners, both from Undip, the OJK Institute, as well as experts in the financial services industry.

"Periodically, visiting lecturers with practitioner backgrounds will be invited to complete students' understanding of the intricacies of the risks of the financial services industry," said Wimboh.

To obtain a Master's degree in this study program, students are required to take a total of 42 credits. In addition, as a graduation requirement, students prepare a thesis with a major theme of Risk Management, which can be pursued by adopting quantitative, qualitative or mixed methods research methods.

"In the future, this Risk Management Concentration Program will be developed and can be followed by new students or employees from the financial services industry," concluded Wimboh.