Risk Management Professional Certificate - Online
Taught by instructors with decades of experience on Wall Street, the Risk Management Professional Certificate is a comprehensive survey of the practice of Risk Management. The major types of risk are identified, risk management tools and techniques are reviewed and financial regulation is covered. Delegates will work through the annual risk report of a publicly traded financial institution. A number of case studies are analyzed to illustrate key principles of risk measurement and management.
The Risk Management Professional Certificate is broken down into 5 courses:
- Introduction to Risk Management
- Measuring Risk: Equity, Fixed Income, Derivatives and FX
- Risk Management Tools and Practices
- Stress Testing and Risk Regulation - Part 1
- Stress Testing and Risk Regulation - Part 2
The final step will be the Risk Management Exam.
Those participants who pass the examination will receive a Risk Management Professional Certificate from the New York Institute of Finance (NYIF). A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employers value.
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Duration : 1-2 hours
- A definition of risk
- Sources of risk
- Why do firms manage risk?
- Risk measurement vs risk management - Case Study Goldman Sachs Manages Subprime Risk 2007
Duration : 1-2 hours
- Market risk
- Credit risk
- Operational Risk
- Liquidity risk - Case Study Northern Rock’s Liquidity Risk 2007
- Systemic risk
Duration : 1-2 hours
- Money and capital markets
- US Federal and State regulatory structure
- Foreign regulatory structures - United Kingdom & European Union
Duration : 1-2 hours
- Risk factors
- Risk measures - Value at risk (VaR) Expected shortfall (ES) or Conditional VaR (CVaR) Coherence of risk measures
- Scenario analysis and stress testing
Duration : 1-2 hours
- Equity - Idiosyncratic vs systematic risk Impact of correlation on portfolio risk Beta
- Fixed Income - Bond prices and yields Duration and Convexity
- Derivatives - Forwards and Futures Options Greeks
- Credit - Rating agencies Default probabilities Credit spreads
- Foreign Exchange - Spot and Forward Rates Covered arbitrage
- Commodities - Spot and Forward prices
Duration : 1-2 hours
- The role of correlation in portfolio risk
- Measuring risk with historical data
- Measuring risk with models
- Application Market risk measurement for an equity portfolio
Duration : 1-2 hours
- Structure of a risk report - Risk by risk factor Risk by business unit Component risk vs overall risk Comparing P/L VaR and ES
- Case Study Deutsche Bank Annual Risk Report
Duration : 1-2 hours
- Risk management tools - Index futures Equity swaps Options
- Exposure and loss limits
Duration : 1-2 hours
- ALM governance
- Interest rate risk on the balance sheet - Funding / rate gaps Duration gaps Balance sheet immunization
- Liquidity risk on the balance sheet
- Credit risk on the balance sheet
- Market value of equity at risk
- Securitization An ALM tool
Duration : 1-2 hours
- What is operational risk? - Internal fraud External fraud Employment practices Obligations to clients
- Examples of operational risk failures - Rogue Trading Allied Irish Bank 2002 Customer Business Enron 2001 Rogue Trading at Societe Generale 2008)
- Operational Value at Risk
- Integrated risk management - Economic capital risk capital and regulatory capital
- Risk Governance Best practices
Duration : 1-2 hours
- Why regulation? - Systemic Risk A brief history of regulation
- Impact of the subprime crisis on regulation
Duration : 1-2 hours
- Basel I - 1988 BIS Accord Cooke ratio1996 Amendment
- Basel II and Solvency II - Three pillars of Basel II Credit risk capital under Basel II
- Basel 2.5 Basel III and Dodd-Frank
Duration : 1-2 hours
- US Federal and State regulators
- Financial regulation in the United Kingdom European Union and Asia
- Regulation in emerging economies
Duration : 1-2 hours
- Scenario analysis Historical vs hypothetical
- Algorithmic / mechanical stress tests - Factor push Maximum loss
- History of stress testing at financial institutions
- Reverse stress testing
Duration : 1-2 hours
- 2009 Supervisory Capital Assessment Program (SCAP)
- Dodd-Frank Act Stress Test (DFAST) and Federal Reserve Comprehensive Capital Analysis and Review (CCAR) - Methodology Scenarios Applying scenarios – from scenarios to the capital ratios Scope of work Implications for capital and the business model of a financial intermediary
- Critique Do the CCAR/DFAST stress tests reduce risk?
Duration : 1-2 hours
- UK Bank of England (PRA) stress tests
- EU European Banking Authority (EBA) stress tests
- Japan Hong Kong Sweden Ireland