A little late to respond to this, but all things considered, they should accept your application. If they don't, then you might consider alternatives in NYC:
NYU's ERM Program: https://www.nyu.edu/employees/resources-and-services/financelink/insurance-and-risk/enterprise-risk-management.html
St. Johns Univ.: https://www.stjohns.edu/academics/schools-and-colleges/peter-j-tobin-college-business/programs-and-majors/enterprise-risk-management-master-science
Yeshiva University's MS-ERM: https://www.yu.edu/katz/programs/graduate/ms-risk
Note- in full disclosure, the last one is run by me, and I would be happy to speak with you on this, but can certainly recommend the others. Columbia Univ. and NYU both have expensive programs; our's costs about half that and covers similar competencies with many faculty who teach at these other institutions (FYI).
Andrew Boyarsky
Academic Director of Risk, Operations, and Emergency Management Programs
Feel free to contact me at: Office.646-592-4153 or andrew.boyarsky@yu.edu