Duration | 18 Months
Master in Governance, Risk and Compliance
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Corporate administration and compliance delivered with precision and integrity
Become job-ready for corporate administration, governance support, and compliance work in Cyprus. Learn how to apply company law and compliance requirements in practice, through the documentation that matters: filings, governance records, due diligence packs, and compliance notes.
Intake
October 2026
Delivery
In Person at EIMF, Nicosia
Evening Classes
2–3 nights/week
Duration
2 years
Language
English
DipCAC is designed to help you become the person organisations rely on to keep corporate administration and compliance running effectively. You’ll gain a practical, Cyprus-relevant understanding of how companies are administered, governed, and kept compliant at a time when regulatory standards and scrutiny keep rising. As obligations grow across company law and corporate governance, AML, data protection, and tax-related compliance, employers need professionals who can move clearly from “What does the rule require?” to “How do we do this correctly in practice?”
Throughout the programme, you’ll build a strong working foundation in Cyprus corporate practice and statutory obligations, including key statutory filings and documentation discipline. You’ll strengthen your ethical judgement and professional standards, and you’ll develop applied capability through the documentation that matters in real workplaces—governance records, filing packs, and evidence-based compliance support (for example, minutes and resolutions, documentation packs, due diligence checklists, and concise compliance notes). You won’t just learn concepts; you’ll practise applying requirements under realistic standards through workshops, case-based learning, simulations, and input from practitioners who work in the field.
From Semester 3 onwards, you can tailor your pathway through electives and, if you choose, a Capstone Project focused on a real corporate administration or compliance challenge. The purpose is simple: to help you graduate academically grounded, professionally credible, and practice-ready—ready to contribute effectively in corporate administration and compliance support roles.
If any of the following sounds like you, this programme is a strong fit:
• You want to build job-ready capability in corporate administration, governance support, or compliance, and you want skills you can use immediately at work.
• You’re a legal assistant or aspiring paralegal and want more confidence in Cyprus corporate practice, documentation standards, and professional workflows.
• You work in a corporate services / fiduciary / CSP environment (or want to enter it) and need a stronger command of filings, statutory records, and compliance documentation.
• You support compliance, AML/KYC, or due diligence and want a clearer, more structured approach to evidence packs, checklists, and documentation discipline.
• You’re ready to handle contracts and legal documentation more confidently reviewing clauses, spotting risks, and producing clear supporting notes under guidance.
• You want to move from “admin tasks” to greater governance and compliance responsibility, with stronger professional judgement, ethics, and credibility.
As regulation tightens and corporate scrutiny increases, organisations need more than legal advice, they need capable professionals who can execute maintain accurate records, support governance processes, prepare compliant documentation, and keep day-to-day obligations on track.
• More rules, more accountability | AML, data protection (GDPR), and governance requirements now shape routine operations—policies, checks, record-keeping, and reporting.
• Documentation has become high-stakes | corporate filings, minutes, resolutions, contracts, and required company records must be accurate, timely, and ready for internal review, audits, or regulatory requests.
• In-house capability is essential | businesses increasingly rely on skilled internal support to keep legal and compliance work consistent, reduce delays, and avoid avoidable errors.
• The work is now tech-enabled | e-filing, digital document control, and LegalTech/RegTech workflows are increasingly standard, so professionals must be comfortable working in digital environments.
• Cross-sector relevance | law firms, corporate services providers, financial services, and other regulated organisations all need people who can support corporate governance and compliance operations with confidence.
That’s exactly what DipCAC delivers: a practical, workplace-ready skill set across legal competency, compliance and governance, paralegal and legal administration, tax/financial awareness, and digital compliance, so graduates can contribute from day one.
DipCAC prepares you to support corporate legal and compliance teams across a wide range of sectors in Cyprus and beyond.
• Corporate Services Providers (CSPs) and fiduciary/administration firms
• Law firms (corporate, commercial, and litigation support environments)
• Financial services and regulated firms (banks, investment firms, funds, insurance)
• Corporate compliance and governance functions within local and international businesses
• Other regulated organisations where documentation, due diligence, and reporting are essential
• Corporate Administrator / Corporate Services Officer
• Company Secretariat & Board Support (Assistant/Coordinator)
• Corporate Filings & Statutory Records Officer
• Compliance Assistant / Compliance Analyst (Support)
• AML, KYC & UBO Compliance Support
• GDPR & Data Protection Support
• Contract Administration / Contract Review Support
• Legal Assistant / Paralegal Support
• Due Diligence & Regulatory Documentation Support
You’ll also benefit from industry exposure and career networking through practical workshops, realistic casework, and guest sessions with legal and compliance professionals.
DipCAC is designed for the way corporate administration and compliance work actually happens in practice: you learn the rules, then you practise producing the documents and evidence that keep organisations compliant, audit-ready, and regulator-ready. It’s suitable even if you don’t have a formal background in law. (It is not a qualifying law degree, its focus is corporate administration, legal support, and compliance operations.)
You will build a practical working understanding of Cyprus corporate administration under Companies Law (Cap. 113) and related practice, including:
• How boards and shareholders make decisions, and how to evidence them correctly
• Minutes, resolutions, approvals and signature trails (what “good” looks like, and common pitfalls)
• Statutory record-keeping discipline (what must be kept, how, and why it matters in reviews/audits)
• The logic behind corporate filings: what triggers them, what supports them, and how to avoid errors
You will develop job-ready competence in handling contracts and legal paperwork in a corporate setting, including:
• Reading contracts for risk, obligations, dates, termination, liability, confidentiality, and remedies
• Preparing structured drafting outputs under guidance (clear, professional, consistent templates)
• Producing professional legal correspondence that is precise, courteous, and evidence-aware
• Building a habit of “document integrity”: version control, traceability, and clean supporting files
You will learn how compliance is executed operationally—through evidence, checks, and record-keeping:
• Compliance fundamentals: policies → controls → monitoring → reporting (the operational chain)
• AML support work: KYC/UBO evidence packs, source-of-funds/source-of-wealth documentation discipline, and escalation notes
• GDPR in practice: lawful handling of personal data, secure storage/sharing, retention awareness, confidentiality expectations
• Tax/VAT “touchpoints” in corporate administration (what to look for, what to document, and when to raise issues)
You will learn to find the right rule and communicate it in a way teams can act on:
• Using legislation, guidance, and official sources to reach clear, supportable conclusions
• Producing work-ready outputs such as short legal memos, compliance notes, and governance summaries
• Applying critical thinking to realistic scenarios, spotting risks, gaps, and documentation weaknesses early
You will build confidence working in a digital corporate and compliance environment:
• e-Filing and digital administration workflows (submissions, confirmations, document packs, audit trails)
• Document control basics: naming conventions, access control, versioning, and structured folders
• LegalTech/RegTech workflow concepts: tracking obligations, maintaining registers, and evidencing controls
• A grounded introduction to automation/AI in compliance: where tools assist (speed/consistency) and where judgement remains essential
• Secure professional habits: basic cyber hygiene and safe handling of sensitive documents
On successful completion of this programme key learning outcomes will be achieved that can be grouped in the following categories:
• Understand key principles of corporate law, including Company Law (Cap. 113), contract law, business regulations (GDPR, AML, Real Estate Law), and dispute resolution mechanisms.
• Demonstrate a thorough understanding of the Cyprus legal system and its interaction with the European legal framework.
• Explain the legal obligations of businesses, including corporate governance, regulatory compliance, and financial reporting duties.
• Understand the procedural aspects of corporate filings, corporate secretarial work, and legal documentation management.
• Define the core principles of compliance management, corporate risk mitigation, and ethical governance.
• Analyse financial compliance requirements, anti-money laundering (AML) laws, and fraud detection regulations.
• Identify regulatory frameworks governing corporate compliance, taxation, financial risk management, and data protection (GDPR).
• Examine corporate governance structures, shareholder rights, board responsibilities, and compliance auditing procedures.
• Understand the role of paralegals in corporate administration, including legal research, litigation support, and law office management.
• Explain the principles of legal writing, contract drafting, and case analysis for corporate legal operations.
• Develop an awareness of procedural law, dispute resolution mechanisms, and corporate litigation processes.
• Identify corporate taxation principles, including tax compliance obligations, VAT regulaions, and financial reporting requirements.
• Explain key components of financial risk management, international taxation frameworks, and forensic accounting in compliance.
• Demonstrate a strong understanding of business operations, financial decision-making, and commercial risk assessment.
• Explain how technology is transforming corporate governance, legal research, and compliance auditing through RegTech, LegalTech, AI-driven risk monitoring, and blockchain solutions.
• Assess financial statements and business transactions for compliance with corporate governance and tax regulations.
• Provide regulatory guidance on corporate compliance, risk assessment, and governance best practices within an organisation.
• Interpret and apply corporate laws, compliance regulations, and governance policies to typical business situations.
• Draft and review basic corporate contracts, legal agreements, compliance policies, and regulatory filings under guidance.
• Carry out corporate due diligence checks, compliance assessments, and regulatory reviews using established procedures.
• Apply Anti-Money Laundering (AML), General Data Protection Regulation (GDPR), and tax compliance principles to standard business transactions and corporate filings.
• Identify and describe legal risks, compliance gaps, and regulatory challenges affecting corporate entities.
• Apply recognised methods of dispute resolution, legal risk management, and governance enforcement in defined contexts.
• Analyse and interpret case law, financial statements, and corporate governance reports to support decision-making within a legal framework.
• Undertake legal research using case law databases, statutory frameworks, and compliance regulations.
• Draft legal correspondence, memoranda, and simple court-related documents in a professional setting.
• Organise and maintain corporate legal documentation, regulatory filings, and compliance reporting records.
• Apply tax frameworks, financial reporting standards, and compliance regulations to straightforward corporate transactions.
• Assist in carrying out corporate taxation reviews, basic forensic financial checks, and fraud risk analysis using standard tools.
• Use Regulatory Technology (RegTech), Legal Technology (LegalTech), and compliance automation tools to support corporate governance and document management.
• Apply basic cyber security and data protection measures to support legal and regulatory compliance in digital transactions.
• Describe the role of artificial intelligence (AI) and blockchain in corporate risk management and compliance monitoring.
• Demonstrate the ability to negotiate standard legal terms in corporate contracts and compliance agreements, ensuring alignment with regulatory obligations.
• Take responsibility for ensuring corporate compliance with legal and financial regulations.
• Assist corporate legal teams in contract negotiations, dispute resolution, and governance reporting.
• Apply legal reasoning and compliance methodologies to prevent corporate legal risks and financial penalties.
• Operate with a strong sense of professional ethics, corporate responsibility, and legal integrity.
• Apply ethical decision-making principles in corporate governance, risk assessment, and compliance enforcement.
• Ensure adherence to AML, financial crime prevention, and regulatory enforcement obligations.
• Work independently in corporate legal administration, compliance management, and regulatory monitoring.
• Communicate effectively with stakeholders, legal teams, regulatory authorities, and corporate executives.
• Take responsibility for managing corporate filings, risk management procedures, and legal documentation compliance.
• Apply financial and business governance principles to support corporate legal and compliance teams.
• Take responsibility for regulatory reporting, financial auditing, and compliance tracking in corporate environments.
• Utilise digital legal tools, compliance software, and automation solutions for regulatory compliance.
• Implement data privacy policies, cybersecurity protocols, and blockchain-based legal documentation in corporate settings.
• Ensure compliance with international legal and financial regulatory frameworks through technology-driven solutions.
In addition to its formal accreditations, the Master’s curriculum is directly aligned with the core knowledge of the world’s most respected professional qualifications, including those from ACAMS (Anti-Money Laundering), CISI (Risk & Compliance), and AGRC (Governance).
This means that while earning your Master’s, you are also preparing for globally recognised professional exams, giving you a significant advantage in your career development.
We are thrilled to partner with EIMF and recognise their Masters in Governance, Risk and Compliance. This collaboration demonstrates our shared commitment to excellence, and we look forward to welcoming students into a lifelong association with The Chartered Governance Institute.
Sarah Montagnino
Director of Education and Learning
The Chartered Governance Institute UK & Ireland
The CISI has been privileged to work alongside EIMF in a strong and collaborative partnership. We are excited to continue our journey of achieving great things together and supporting the development of professionals in the financial services industry.
Kevin Moore, Chartered FCSI
Executive Director, Membership & Global Business Development
Chartered Institute for Securities & Investment (CISI)
Semesters |
Course Code |
Course Title |
ECTS |
Course Type |
|---|---|---|---|---|
|
Semester A
|
BUS 101
|
Business Management and Strategy
|
6
|
Compulsory
|
|
Semester A
|
ACC 101
|
Introduction to Financial Accounting
|
6
|
Compulsory
|
|
Semester A
|
CAF 101
|
Information Technology in Corporate Administration
|
6
|
Compulsory
|
|
Semester A
|
CML 101
|
Compliance Fundamentals
|
6
|
Compulsory
|
|
Semester A
|
TXC 101
|
Tax Framework
|
6
|
Compulsory
|
|
Semester B
|
LAW 101
|
Foundations of Cyprus Law
|
6
|
Compulsory
|
|
Semester B
|
PAP 100
|
Introduction to Paralegal Practice
|
6
|
Compulsory
|
|
Semester B
|
CTA 101
|
Critical Thinking and Analytical Skills
|
6
|
Compulsory
|
|
Semester B
|
CML 210
|
Financial Management and Analysis for Compliance
|
6
|
Compulsory
|
|
Semester B
|
TXC 201
|
Cyprus Taxation System
|
6
|
Compulsory
|
|
Semester C
|
LAW 204
|
Company Law and Procedures
|
6
|
Compulsory
|
|
Semester C
|
PAP 102
|
Law Office Management Operations
|
6
|
Compulsory
|
|
Semester C
|
GRC 213
|
Corporate Governance, Compliance, and Ethics
|
6
|
Compulsory
|
|
Semester C
|
CML 230
|
Strategic Compliance Management
|
6
|
Compulsory
|
|
Semester C
|
PAP 200
|
Legal Writing and Drafting
|
6
|
Elective*
|
|
Semester C
|
RMT 200
|
Research Methods
|
6
|
Elective*
|
|
Semester D
|
TXC 205
|
International Taxation
|
6
|
Compulsory
|
|
Semester D
|
LAW 225
|
Legal Environment of Business
|
6
|
Compulsory
|
|
Semester D
|
PAP 220
|
Legal Research and Interviewing
|
6
|
Compulsory
|
|
Semester D
|
LAW 270
|
Drafting Contracts
|
6
|
Compulsory
|
|
Semester D
|
LAW 450
|
Civil Litigation and Dispute Resolution
|
6
|
Elective*
|
|
Semester D
|
CAP 400
|
Capstone Project in Corporate Administration & Compliance
|
12
|
Elective*
|
* Elective Course Structure
Start tailoring your studies from Semester 3. You’ll choose electives in Semester 3 and continue in Semester 4, allowing you to build a focus that matches your career goals.
Option 1: Legal Electives
If you want to deepen your legal and paralegal skills, you can select electives from approved options, including:
• Legal Writing and Drafting
• Drafting Contracts
• Civil Litigation and Dispute Resolution
This option is ideal if you want stronger capability in drafting, reviewing and supporting legal work, alongside the practical documentation skills employers value.
Option 2: Capstone Project
If you prefer applied, real-world learning, you can choose the Capstone Project in Semester 4. You’ll explore a real issue in compliance, corporate administration, tax, or corporate governance through one of the following formats:
• Simulation-based case study | analyse a realistic corporate scenario with background information, regulatory context and operational data, then propose practical solutions.
• Company-based case study | investigate a genuine organisational challenge using real documentation and insights, and where available, interviews and/or visits.
Your performance is assessed through a mix of coursework and assessments designed to reflect real corporate administration and compliance work.
• Multiple assessment components per module | Most modules include more than one assessment (set by the module lecturer). Your final module grade is based on the weighted components and your numerical marks.
• Practical coursework | Applied tasks such as drafting, documentation work, structured problem-solving, and evidence-based compliance tasks.
• Case studies and simulations | Analysis of realistic corporate/compliance scenarios, with clear, practical recommendations.
• Mid-term and/or final assessments | Depending on the module, assessments may include mid-term tests and/or final examinations.
• Capstone assessment (if selected) | Project report (50%), oral defence (30%), reflective report (10%), and peer review contribution (10%).
• Progress tracking | Your module grades contribute to your semester average and your overall programme average across the diploma.
Your performance is assessed through a mix of coursework and assessments designed to reflect real corporate administration and compliance work.
• Multiple assessment components per module | Most modules include more than one assessment (set by the module lecturer). Your final module grade is based on the weighted components and your numerical marks.
• Practical coursework | Applied tasks such as drafting, documentation work, structured problem-solving, and evidence-based compliance tasks.
• Case studies and simulations | Analysis of realistic corporate/compliance scenarios, with clear, practical recommendations.
• Mid-term and/or final assessments | Depending on the module, assessments may include mid-term tests and/or final examinations.
• Capstone assessment (if selected) | Project report (50%), oral defence (30%), reflective report (10%), and peer review contribution (10%).
• Progress tracking | Your module grades contribute to your semester average and your overall programme average across the diploma.
We welcome applications from students of all nationalities and backgrounds. Admission is based on whether you meet the programme’s academic and English-language requirements, and whether DipCAC is the right match for your goals in corporate administration, compliance, and governance.
Your application will be assessed on:
• Academic qualifications (secondary or post-secondary education)
• English language proficiency (where required)
• Suitability and motivation for corporate administration, legal compliance, and governance-related work
All applicants must have completed six (6) years of secondary education (or an equivalent level aligned with the Republic of Cyprus standards). Final admission decisions are approved by the Programme Coordinator.
Applications are accepted year-round, with admissions for:
• October (Fall intake)
• February (Spring intake)
We recommend applying early, especially if you are an international applicant and need time for visa or financial documentation.
Please submit:
• A completed Application Form
• Certified copies of academic qualifications (exams, diplomas, or degrees)
• English language evidence (if applicable)
• A copy of your School Leaving Certificate (or equivalent)
• Two confidential recommendation letters may be requested where necessary
International applicants may also need to provide:
• A Financial Statement showing ability to cover tuition and living costs in Cyprus
• Official English translations for documents not issued in English
To be admitted, you normally need a high school leaving certificate (Apolytirion) or equivalent with a minimum grade of 14/20. Applicants below this threshold may still be considered via interview, where strong professional experience and/or qualifications demonstrate clear potential (exceptional admissions are capped at 10% of available places).
If your previous studies were not taught in English, you must provide proof of English proficiency. Accepted evidence includes (indicatively):
• IELTS 5.5 (minimum average)
• TOEFL iBT 92 (or equivalent)
• Cambridge FCE/CAE/CPE 176 (minimum score)
• Other recognised equivalent qualifications
Exemption: If you hold a recognised degree taught in English, you are considered proficient. After admission, additional English support may be recommended if needed for academic success.
Complete the online Application Form via EIMF’s admissions portal and upload the required supporting documents. If anything is missing, our Admissions Officer will contact you to request additional information within a specified timeframe.
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Absolutely. This programme is specifically designed for working professionals. Classes are held in the evenings, typically 2-3 times per week from 18:00 to 21:00, allowing you to build your qualifications without pausing your career. Many of our students are employed in demanding roles and find the schedule manageable and rewarding.
Upon successful completion, you will earn an academic Diploma in Corporate Administration and Compliance, fully accredited by the Cyprus Agency of Quality Assurance (CYQAA) and recognised across Europe.
Yes. While many students have experience in these areas, the programme is designed to accommodate professionals from a diverse range of backgrounds. The foundational first semester covers the core principles of business, compliance, tax and corporate administration, ensuring all students begin with the same essential knowledge.
You receive dedicated, one-on-one support. You will be assigned an academic supervisor with expertise in your chosen area who will provide guidance on topic selection, research methodology, and structure. If you choose the capstone project option, your mentor will help you scope and execute a project that tackles a real-world challenge, making your work immediately relevant.
Our faculty is a dynamic blend of distinguished academics and senior industry practitioners. You will learn directly from current industry experts, practicing lawyers, senior compliance officers, risk managers, and tax experts who bring years of hands-on, real-world experience into the classroom. This ensures your education is not just theoretical but immediately applicable to the current challenges and opportunities in the market.
Applicants must hold a school leaving certificate (Apolytirion) or equivalent, normally with a minimum grade of 14/20; applicants below this may still be admitted via interview based on relevant experience/qualifications (exceptional admissions capped at 10% of seats). If previous studies were not taught in English, applicants must provide English-language evidence (e.g., IELTS 5.5, TOEFL iBT 92, or Cambridge 176), unless exempt. Applications require a completed application form and certified supporting documents.
Networking is a core part of the experience. You will be studying and collaborating with a cohort of ambitious professionals from various sectors, building a valuable peer network. Additionally, EIMF and the Centre for Good Governance in particular, regularly host guest lectures, seminars, and events featuring industry leaders, providing you with direct access to our extensive corporate and alumni network across Cyprus and Europe.
Yes. The programme is fully accredited and recognised, making eligible students able to apply for the Cyprus State Grant. This grant is provided by the government to support students in higher education.
Key details about the grant:
Yes, EIMF is committed to making postgraduate education accessible and rewarding outstanding candidates. We offer a range of financial support options:
These opportunities are competitive and awarded on a case-by-case basis. We encourage all interested candidates to contact our admissions office early to discuss their eligibility for financial support.
Yes. We understand that investing in your education is a significant commitment. To make this more manageable, EIMF offers flexible payment plans that allow students to pay their tuition fees in several instalments over the course of their studies. Our programme advisors can provide you with a detailed breakdown of the available payment schedules.
Yes. EIMF is proud to hold the Erasmus Charter for Higher Education (ECHE), which allows our students to participate fully in the Erasmus+ programme. This opens up exciting opportunities for you to gain international experience.
Through embedded professional training courses and real-world insights from top industry professionals, we ensure that our students gain not only academic knowledge but also the practical skills needed to excel in today's regulatory framework.
Despina C.
Lecturer in Law and Regulatory Compliance
DipCAC is built for the realities of corporate practice. Students don’t just learn the rules—they learn how to apply them through the documents that matter: filings, minutes, resolutions, and board packs. By the end, they can support corporate work with clarity, accuracy, and confidence.
Mary M.
Lecturer in Companies Law and Administration
DipCAC is taught the way corporate work actually happens. We use case-based learning, document drafting workshops, and guided simulations so students practise producing the outputs employers expect, filings, minutes, resolutions, and contract documentation. The result is confident, workplace-ready capability.
Olympios C.
Lecturer in Law
We deliberately chose a student-centred, applied teaching approach—interactive sessions, workshops, simulations, and structured feedback—because this diploma is designed for practice. DipCAC bridges the skills gap by helping students build competence in corporate administration, governance documentation, compliance support, and modern digital workflows.
Marios M.
Programme Coordinator, DipCAC
The Masters in Governance, Risk and Compliance prepares students to respond to the new and complex regulatory challenges in the financial sector. The programme is designed to help students develop a sophisticated understanding of the international financial regulatory framework, corporate governance, risk management and compliance strategies that are aligned with global and EU challenges and requirements.
From building a new international strategy and implementing a new compliance culture, to enabling organisations to protect themselves against corruption, money laundering, regulatory violations cybercrime, personal data breach, market abuse and financial crime in general, students will undertake a unique journey with a practical case-study approach and build the essential knowledge and skills that will enable them to assure the good governance, effective risk management, reputation, operational capability, financial health and sustainability of business entities.
The programme prepares students to manage the new and complex regulatory demands and to implement a compliance-based ethics program. Additionally, it will equip graduates with the analytical, theoretical and methodological skills required to explore central issues and challenges in governing corporations and business entities.
The Master in Governance Risk and Compliance is Accredited by the Cyprus Agency of Quality Assurance and Accreditation in Higher Education (CYQAA – ΔΙΠΑΕ) and the Chartered Governance Institute of the UK and Ireland (CGIUKI).
MGRC is the only postgraduate programme in Cyprus that offers a dual award that combines an academic masters qualification and the professional accreditation by the Chartered Governance Institute UK & Ireland. Upon successful completion of the MGRC, graduates will be awarded GradCG status.
The programme learning objectives are structured around three pillars.
Theoretical Component | Following completion of the course students are expected to:
– Demonstrate a comprehensive understanding of fundamental theories in the study of governance and risk management.
– Critically analyse and engage with key theoretical concepts related to governance and risk management.
– Identify and address core challenges that professionals encounter in the rapidly evolving landscape of regulatory compliance requirements.
– Explain and evaluate central questions pertaining to financial crises and the necessity of regulatory measures to mitigate risks.
Applied Component | Upon successful completion of the programme, students will be able to:
– By utilising the multidimensional professional backgrounds of participants group activities will be pursued thus strengthening the ability of students to collaborate on group work effectively and in a complementary way.
– Share their professional experiences and insights, contributing to a dynamic and interactive learning environment.
– Benefit from guest lectures delivered by industry professionals with hands-on experience in addressing contemporary challenges within the financial industry.
– Apply practical knowledge and skills gained through the programme to real-world scenarios in the field of governance and risk management.
Research Component | The programme will enable students to:
– Develop a strong foundation in research techniques relevant to the field of governance, risk, and compliance through the compulsory module in Research Methods.
– Utilise acquired research skills to conduct independent research-based assignments for other courses within the programme.
– Stay up-to-date with the most recent publications and ongoing research findings in the field.
– Engage in in-depth analysis of a central topic in governance, risk, and compliance by successfully completing a dissertation, demonstrating their ability to conduct advanced research and contribute to the academic discourse in the field.
On successful completion of this programme key learning outcomes will be achieved that can be grouped in the following categories:
Knowledge & Understanding | Students are expected to:
– Describe the main theoretical concepts and models in the study of governance, risk and compliance that can prove to be the basis for original thinking and/or research
– Develop advanced knowledge of alternative approaches to governance, risk and compliance stemming from the rigorous examination of international case studies.
– Outline advanced understanding of the utility of various qualitative and quantitative research methods that will enable a better and in-depth understanding of governance, risk and compliance.
– Develop the critical and intellectual abilities required to think critically about governance, risk and compliance through a multi-disciplinary approach and within different contexts (including the national, European and global settings but also through a comparative analysis).
– Develop a sophisticated understanding of the regulatory framework of the financial sector
– Introduce the principles and theories that underlie the field and the role of financial regulation and legal mechanisms in averting and/or managing financial crises
Skills | Students are expected to:
– Gather, retrieve, synthesise, and critically evaluate information from a number of different primary and secondary data sources in order to support a position on how corporations should be governed, risk properly managed and compliance secured.
– Demonstrate critical awareness of governance, risk and compliance issues that are at the interface of different disciplines and fields
– Communicate and explain ideas clearly and effectively, both in writing and orally.
– Demonstrate in a critical manner how abstract concepts in the area of governance, risk and compliance can be used with rigor and consistency when studying specific cases.
– To integrate their knowledge from different fields when reviewing practical cases or when faced with problem-solving challenges
– To foster students’ analytical capacity through a multidisciplinary approach
– Stimulate broader strategic thinking about the goals of corporate and financial regulation and how it affects business strategy and overarching public policy, with an analysis of the economic and legal principles applied to practical case studies
– Address the public policy aspects of financial regulation and corporate governance
– Critically describe the governance, regulation and compliance of privately held companies versus larger public companies operating across jurisdictions
Competence | Students are expected to:
– Apply systemic reflection and independent research/study
– Reflect on and manage their acquired knowledge and make use of constructive feedback
– Manage and transform work or study contexts that are complex, unpredictable, and require new strategic approaches
– Communicate their conclusions, and the knowledge and rationale underpinning these conclusions, to specialist and non-specialist audiences clearly and unambiguously
– To foster corporate cultural values and design solutions posed by the challenges of the new global economy
– To become the driver of change towards a more ethical compliance culture in companies
Duration | 18 Months
Qualification Awarded | MSc in Governance, Risk and Compliance
Language | English
Mode of Study | Full-time or Part-time
Minimum entry requirement | University degree awarded by an accredited institution in the country where it operates, or a degree evaluated as equivalent to a University degree by the Cyprus Council for the Recognition of Higher Education Qualifications (KY.S.A.T.S) (For example, UK degrees: Second Class Honours, Greek Universities: Minimum Grade 6.5)
Fees | €10.500 / year
English language requirements | Proficiency in English (graduation from an English-speaking institution/university, TOEFL, IELTS or similar standardised test)
Location | Nicosia
Mode of study | Conventional classroom based
All modules are compulsory.
ECTS Composition | To graduate, you are required to earn 90 ECTS credits that breaks down to 60 ECTS credits from the modules attended and 30 ECTS credits from the dissertation.
Admissions – Entry Point | You can join the program at the beginning of either of the two semesters
Academic requirements
To be admitted to the programme, all candidates must have a University degree awarded by an accredited institution in the country where it operates, or a degree evaluated as equivalent to a University degree by the Cyprus Council for the Recognition of Higher Education Qualifications (KY.S.A.T.S). Documentation of the candidates’ education will be required as part of the application for admission.
The programme will consider applicants with the following qualifications:
– Graduates of Greek universities, the University of Cyprus and the Cyprus University of Technology should normally hold a final grade of at least 6.5 and above
– International graduates should normally have the equivalent grade (e.g. UK universities should normally have a second-class honors degree or US universities 3.0 and above)
– Candidates with a lower grade than the above, may be interviewed for admission if they have compensatory strengths in terms of work experience and professional qualifications.
Certain professional qualifications (such as ACCA (Association of Chartered Certified Accountants)) may be considered as an equivalent to an academic undergraduate degree.
English Language Requirements
Master students must satisfy specific English requirements if their first degree was not taught in English.
Where applicants’ previous studies have not been conducted in English, they are expected to show an adequate level of proficiency in English. The minimum English language requirements are:
– GCSE English Language ‘O’ Level or IGCSE: C
– IELTS: minimum average score 6.0 overall with 5.5 in each individual element (reading, writing, listening and speaking). The test should have been taken within the previous two years
– TOEFL iBT (DI Code = 0815): Overall score of 92, with not less than 22 in each test
– Cambridge English: Proficiency (CPE): C/200
– Cambridge English: Advanced (CAE): C/180
Supporting documents
– Personal statement not more than 750 words. The statement should include a brief introduction of the candidate; what is the motivation behind the choice for the specific programme; why he/she should be admitted; relevant skills, strengths and experience; research interests (where applicable) and future professional goals and aspirations.
– 2 letters of references (at least one must be from an instructor familiar with the student’s academic work)
– Brief CV (not more than 2 pages)
Our dedicated Admissions Team will guide you every step of the way by answering all of your questions and helping you choose your modules based on their prerequisites. Please contact us at [email protected] or +35722274470.
Semesters |
Course Code |
Course Title |
ECTS |
|---|---|---|---|
|
Semester A
|
GRC700
|
Research Methods
|
5
|
|
Semester A
|
GRC705
|
Introduction to Business Ethics
|
5
|
|
Semester A
|
GRC710
|
Principles and Practice of Finance
|
10
|
|
Semester A
|
GRC715
|
International and EU Financial Regulation
|
10
|
|
Semester B
|
GRC720
|
Regulatory Compliance and Reporting
|
10
|
|
Semester B
|
GRC725
|
Financial Risk Management
|
10
|
|
Semester B
|
GRC730
|
Corporate Governance
|
10
|
|
Semester C
|
GRC750
|
Master Thesis
|
30
|
The module aims to develop an understanding of research techniques applicable to master students as they undertake assignments but especially as they design, plan and implement the capstone research investigation as part of their dissertation.
More specifically, it offers students the opportunity to develop knowledge and analytical skills in research methods in a more applied approach, covering an introduction to quantitative and qualitative research methods, the types of skills necessary for the planning, data gathering, analysis and dissemination stages of research that could potentially have significant impact on real-world practice.
Adopting an applied approach, the module will teach how to formulate research questions and how to tackle them competently by drawing on principles of relevant research methodology and by practically employing methods of investigation like sampling, data collection, case methods and analysis using software such as SPSS , N-Vivo etc.
The module will essentially cover both qualitative and quantitative research strategies and related methods. Furthermore, the module will discuss crucial aspects of research ethics and practical aspects in planning, organising, executing and presenting a professional research report.
Assessment of Module
The module will be assessed on the following 2 components:
– Group Work Assignment (40%)
– Individual Written Assignment (60%)
Teaching Instructor | Dr Loucas Antoniou (Adjunct Lecturer)
The course offers an introduction to ‘Business Ethics’ – the moral principles or values that generally govern the conduct of an individual or group which determines an employee or company’s every day conduct. It assesses the business need for ethical practice and examines the strategies through which ethical practices can become embedded by corporations. In the modern world, there is an increasing number of views on how business should relate to society and how corporate decisions need to entail an ethical aspect. Such issues have become more pressing and complex as businesses operate in a globalised and highly competitive environment where the financial performance of a company (affecting the shareholders) must be considered along with interests of all stakeholders while at the same time incorporating critical issues such as sustainability.
By reviewing the key theoretical perspectives related to these issues and working on the problems experienced in actual case studies, students will learn how to think through the complex problems of business ethics and be able to assess how ethical principles could influence management decisions. The types of real-world problems cover topical issues such as globalisation, climate change, depletion of natural resources and the working conditions of employees, among other. In dealing with such problems that carry an ethical dimension, one needs to carry out a delicate balancing act between (1) the interests of shareholders against those of other stakeholders, and (2) between the short-term profits against long term interests.
Assessment of Module
– Written assignment and presentation (40%)
– End-of-Semester Exam (60%)
Teaching Instructor | Dr Adonis Pegasiou
This module introduces key elements of corporate finance and the capital markets, with an emphasis on practical financial management decisions. It covers the basic theories and principles of finance including the time value of money, the trade-off between risk and return, investment appraisal using capital budgeting methods, the basics of real and financial asset valuation, company valuation techniques, capital structures, corporate financing and dividend policy. It also examines key elements of entrepreneurial finance with a focus on private companies seeking capital solutions (debt and private equity) as they engineer growth, flotations / harvesting or succession strategies
Assessment of Module
– End-of-Semester Exam (60%)
– Group Project (40%)
Teaching Instructor | Dr Chrysi Memtsa
This module provides an understanding of the financial system, placing particular emphasis on its architecture and the relevant regulatory framework within which it operates. The knowledge acquired in this course is essential for participants wishing to understand and deepen their knowledge on the financial system, financial regulation and financial firms.
Participants will be able to gain an understanding on the functions of the financial system, the case for regulatory intervention in the financial system, the policy objectives and tools that can be utilised to achieve these objectives, the limits of regulation, micro- and macro-prudential supervision in response to systemic risk, and key supervision and enforcement mechanisms.
Thus, students will be equipped to answer how the financial regulatory framework and the current developments may affect the international and national business.
Additionally, through this course participants will gain a new perspective on the framework in which financial corporations are required to comply with before engaging in business or while developing their operations at the global level. Furthermore, from a practical perspective, they will be able to explore in greater depth developments at the international level but also within the EU. More specifically, emphasis will be placed on the creation and entry into operation (gradually, since November 2014) of the European Banking Union, which constitutes a major institutional development in the field of financial stability in the European Union (EU) as well as its three pillars (SSM, SRM, EDIS).
Assessment of Module
– Group Work: Policy Analysis and Research Report (40%)
– End-of-Semester Exam (60%) – Exam duration: 3hrs
Teaching Instructor | Dr Despina Christofi
This Course aims to provide students with the required knowledge on financial and banking compliance principles, procedures, international bodies’ guidelines and best practices from various jurisdictions.
On the practical side, the Course will enable students to assess the risk of non-compliance, find ways to mitigate it, design an internal compliance function and handle ethical crises in any organisation. In order to gain a more tangible and holistic understanding of the compliance function, the course will also examine its key responsibilities, with particular reference to the important subjects of: corporate responsibility, compliance programs, white-collar crime, ethics, data protection, whistleblowing, international economic sanctions, prevention of market abuse etc.
Assessment of Module
– End-of-semester 3-hour written exam (60%)
– Assessed essay (40%)
Teaching Instructors | Dr Despina Christofi and Dr Anna Damaskou
Pre-Requisite| GRC 710 Principles and Practice of Finance
The goal of the module is to introduce students to the concept of financial risk and how this should be managed, as well as providing them with a framework to identify, assess, treat and respond to risks and opportunities at all levels in the financial industry. It covers accepted frameworks and techniques to manage risks and exploit opportunities. More specifically, the aim is to equip students with the following skills:
– Measure the risks involved in a business and avoid potential pitfalls
– Apply value-at-risk measurement techniques
– Identify and address credit risks within a business
– Analyse and manage the risks present within a Financial Institution
– Gain an in-depth understanding of risk management in the corporate environment
– Understand financial risk management
– Understand credit risk management
– Understand operational risk management
Assessment of Module
– Final end-of-semester exam (60%):
– Group Project – Report (40%)
Teaching Instructor | Dr Chrysi Memtsa
The concept/term Corporate Governance has featured regularly in discussions, both within the professional and academic community, since the 1990s and has become even more prominent following significant cases of corporate failure which had overarching adverse effects on the global interconnected economy. The link between poor corporate governance practices and excessive risk-taking that led to the downfall or bail-out of significant financial institutions, necessitated a discussion on how to strengthen corporate governance and protect against future similar cases.
The goal of this module is to provide both a theoretical and a practical perspective on corporate governance by examining:
– Leading contemporary theories of corporate governance and frameworks and how these apply to different corporate governance structures
– The reasons behind notorious corporate governance failures and the remedial actions they inspired
– The development of influential corporate governance codes and the various types of corporate governance models that have evolved in recent years
– The role and responsibilities of the board of directors in shaping the strategy of a company and protecting the interests of stakeholders
– How to identify, evaluate and manage corporate risk at the highest level
– To assess the importance of creating and implementing an efficient and effective internal controls mechanism
– The growing importance of corporate socially responsibility and how it relates to corporate strategy
– The impact of the financial crisis, how it has challenged long-standing perceptions about corporate governance and what are the key lessons learned from the crisis.
Assessment of Module
– Group Work: Case Study and Presentation (30%)
– End-of-Semester Exam (70%)
Teaching Instructor | Dr Adonis Pegasiou (Academic Director)
A Master Thesis is an empirically based research study that is an original piece of work by the students. An empirically based research study is based on data that are produced by experiment or observation. The thesis must be an original piece of work because it represents the student’s culminating research and writing skills Writing a master’s thesis is the capstone of a graduate student’s program, and is meant to give the student an opportunity to develop their expertise in a part of their field that they are most passionate about and interested in exploring further.
The purpose of a thesis is to allow students to showcase their knowledge and expertise within the subject matter they have been studying as part of the program.
Students will be assessed on 7 modules, 5 carrying 10 ECTS and 2 carrying 5 ECTS each, and an Master Thesis carrying an additional 30 ECTS.
Module assessment comprises of more than one assessment component, defined for each module independently. Letter grades are calculated based on the weight of each assessment component and the actual numerical marks obtained in these two assessment components.
Based on the module grades the student’s semester grade point average (GPA) and cumulative point average (CPA) are calculated.
Academic Director
Professor in Entrepreneurial Management
Lecturer
Academic Director
Professor in Entrepreneurial Management
Lecturer
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Adjunct Faculty
Programme Fees
€10,500
Registration Fee | €200
Application Fee | €50
Cypriot students are eligible to apply for a government subsidy. Learn more here
Financial Aid
Need more information on Awards, Scholarships and Financial Aid?
At EIMF, we are committed to making education accessible and affordable for all. To this end, we offer a comprehensive array of scholarships and financial aid options, designed to support students from diverse backgrounds and financial circumstances.
Scholarships
Our scholarships are awarded in recognition of academic excellence, leadership qualities, and exceptional talents. Our offerings include:
• Merit-based Scholarships: Rewarding academic achievements.
• Need-based Scholarships: Assisting individuals facing financial difficulties.
• Specialised Scholarships: Catering to a variety of other needs and criteria.
Financial Aid
Acknowledging that each student’s financial situation is unique, we provide bespoke financial aid packages. These can encompass:
• Grants: Non-repayable financial assistance.
• Work-Study Programmes: Opportunities for earning while learning.
• Flexible Payment Plans: Customised to alleviate financial stress.
– The €50 application fee should accompany your application form
– The €200 registration fee should be paid before the program starts. This is not refundable
– The tuition feels are payable in 3 equal instalments
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