Why choose this program

The programme focuses on the main legal and regulatory frameworks governing the activities of organizations, both nationally and at European and international level. During the program, the rules and business ethics that must be applied by organizations and stakeholders (employees, customers, partners, suppliers, society, etc.) are interpreted. Methods and tools for assessing, monitoring and reporting the risk of (non) compliance, as well as mechanisms for preventing, addressing and correcting breaches are analyzed.


In the context of the programme, particular importance is given to examining the role and responsibilities of boards, committees, internal and external auditors, notified bodies and supervisory authorities in relation to Regulatory Compliance.

Among other things, issues are examined in detail  such as the Law 4706/2020 regarding Corporate Governance in Listed Companies, Law Ν. 4548/2018 on the reform of public limited liability, GDPR and law Ν.4624/2019 for Data Protection, Law 4990/2022 for Whistleblowing, Law 4557/2018 on the prevention and suppression of money laundering and terrorist financing, Law 4808/2021 prohibiting violence and harassment at work, Law 4443/2016 on the general framework for equal treatment in employment and occupation, and Law 3556/2007 on the transparency of listed companies. Finally, the good practices and standards followed in various industries and countries to enhance Regulatory Compliance and develop a positive corporate culture are highlighted.

Objectives of the Program

The aim of the program is to train students in the theoretical and practical knowledge required to work as professionals in the field of Regulatory Compliance. During the program, students will learn and develop how to interpret and apply the legal and regulatory framework governing the activities of the organizations they employ, how to assess and manage the risks associated with (non) compliance, how to establish and promote the rules of ethics and business ethics,  and how to cooperate with supervisors and internal and external auditors.

In addition, the aim of this program is to contribute to the development of a professional profile that is in demand and value in the market, as Regulatory Compliance is an area that constantly faces new challenges and changes, due to the evolution of legislation, technology, the market and social needs. Also, the aim of the program is to contribute to the strengthening of corporate governance,  transparency and integrity of organizations, as well as the protection of the interests of the parties involved. In this context, continuous updating and training  of Compliance  professionals is necessary and this is achieved through the collaborations of the program with professional associations and organizations to create a network of cooperation and exchange of experience and knowledge among executives employed in the field.

In order to obtain the Master’s Degree, it is compulsory to successfully attend four Thematic Modules (TH), as well as to successfully complete the dissertation module.

In the first year of study, students of the Postgraduate Program of Applied Risk Management, specializing in Capital and Risk Management, can choose a maximum of two (2) Thematic Modules, while in the second year of study in the third and fourth Thematic Modules along with the preparation of the Master’s Dissertation Module, provided that the examination/presentation of the dissertation takes place after the successful completion of all the Thematic Modules of the Program.

The Educational Process of the Programme is mixed (blended learning) and takes place both with the use of a conventional system (teaching in classrooms) and with the use of e-class methods.

From the beginning of the year for each Thematic Module, a Detailed Student Study Schedule (Study Timetable) is provided for the coverage of the teaching material, a program of written work (2 papers per Thematic Module), dates of intermediate examinations in January, and the Lecture Program. The program of each Thematic Module starts in October and ends in June, with the final written examination that covers the whole of each Thematic Module.

Lectures will be held at regular intervals, on non-working days and hours, in order to facilitate the participation of employees without affecting their professional obligations.

The cost of conducting the MSc in Applied Risk Management, specializing in Internal Audit, is covered by the financial participation of students.

The financial participation of students is set at 850 euros per Thematic Module. The total cost of the MSC is 4,250,00€ (850,00€ per thematic module × 5 thematic modules).

It is noted that each Thematic Module is provided with teaching material (notes, exercises, multiple choice questions) by the Teachers through the e-class.

The financial contribution of the students for the offered MSC will be paid directly by the students at the NKUA.

*Students of the MSc who are citizens of the European Union and whose individual income, if they have their own income, and the family disposable equivalent income do not independently exceed, the individual the  one hundred percent (100%), and the family income the (70%) of the national median disposable equivalent income, according to the most recently published data of the Hellenic Statistical Authority. This exemption shall be granted for participation in a single MSc. In any case, exempted students cannot exceed the thirty per cent (30 per cent) of the total number of students admitted to the MSc. If the beneficiaries exceed the percentage referred to in the preceding subparagraph, they shall be selected in order of classification starting with those with the lowest income (Article 35, paragraph 2, Law 4485/17).

Applicants who wish to submit their Application are kindly requested first as they carefully study the Proclamation, and then:

  • Complete and send the relevant Application. (The Application can be found here.)
  • Collect and send the following documents:
    • Curriculum Vitae
    • ID or passport
    • Copy of a university degree(s)
    • Certificate of English
    • Two Letters of Recommendation
    • Two-sided photocopy of the identity card
    • All other documents listed in the relevant Notice

Interested parties should send all the above documents to the programme secretariat by e-mail, referring to the topic “Request to participate: Full name“.

Two letters of recommendation sent by the teachers/employers themselves directly to the programme secretariat by e-mail are also necessary. After the examination of the applications by the Scientific Committee of the Program, personal interviews with the candidates will follow where necessary.

After the examination of the applications by the Scientific Committee of the Programme, personal interviews with the candidates will follow where necessary.

Eligible participants

University graduates

(* Fluent knowledge of English, as all courses are taught in English)

The MSc “Applied Risk Management” specializing in Compliance consists of 4 Thematic Modules of annual duration, plus the preparation of the Dissertation, which is also the 5th Thematic Module of the Program. Each Thematic Module consists of 4 courses.

More specifically, the Program follows the following structure:


  •  Financial Accounting and Managerial Economics
  • Risk Management Ι
  •  Financial Management
  •  Risk Management II


  •  Human Resource Management
  •  Establishment of Compliance Function and Corporate Governance Ι
  • Growth Business Strategies
  • Establishment of Compliance Function and Corporate Governance II


  • Anti- money laundering and combating terrorism
  •  AntiFraud/ Anti-bribery/Anti-corruption
  • Personal Data Protection Ι
  • Personal Data Protection II




  • Consumer and Investor Protection Ι
  • Consumer and Investor Protection II
  • Conflicts of Interests
  • Competition Issues

Thematic Module V: Postgraduate Dissertation thesis (20 ECTS)

Please be informed that under current legislation on universities, the courses that a student can attend may not exceed a cumulative 60 teaching units (ECTS) per academic year.


The MSC Applied Risk Management uses the eclass ( platform eClass is an educational free platform that supports a large number of online courses with thousands of users participating in them.

It is a successful channel of communication between trainers and trainees. In the e-class environment the student proceeds to register electronicly in the courses he attends. Within the framework of the MSc Applied Risk Management, each Thematic Module has an annual duration, so the student proceeds to enroll in each Thematic Module at the beginning of each academic year.

The online course is the core of the Open eClass platform. Each Thematic Module is a stand-alone entity on the platform that integrates a number of subsystems. The following features are supported in each online course:

  • Agenda, which presents in time the important events of each Thematic Module (lectures, meetings, deliveries of work, etc.).
  • Documents, where the educational material of the Module is posted, stored, organized and presented.
  • Announcements, from the lecturers and the Msc Secretariat concerning the Thematic Module and informing registered users, trainers and trainees.
  • Discussion areas, for the exchange of views and ideas on topics related to the course. It is a subsystem of instructor-learner interaction.
  • Links – useful sources from the Internet related to the course and grouped into categories.
  • Tasks, a useful tool that allows the electronic management, submission and scoring of the work of each Thematic Module. In this field lecturers post the assignments which students are invited to submit together with all the necessary information (final dates, sources, etc.)
  • Course Description, a place where information about the subject matter, objectives, educational activities, aids, methods of evaluation, etc. of the course is presented.
  • Chat, is a subsystem that provides the ability to chat in real time.
  • Teleconference is a subsystem that provides the possibility of electronic videoconferencing.

Also, the e-class platform can be used to inform you about various topics on lecturers of the individual courses that make up a module, to find the written assignments and supplementary material (e.g. clarifications, commentary on written papers, new publications), useful material (e.g. paragraphs of the manuals, addresses from useful websites , new scientific articles) as well as answers to frequently asked questions (“FAQs”) that you may have.  You can also find posted additional digital teaching material for each Thematic Module of the program.

In addition to the possibility of holding teleconferences through the e-class platform, within the framework of the MSc, teleconferences are also held through the Webex.

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