Risk Management Professional Certificate - Online

ITEM CLE-RISK0102

Please select course...

$1,895.00
video_library
Online
update
40 Hours
language
English
school
Professional

Language

Questions? We're here to help you Ask a NYIF Career Advisor

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.

Curriculum
What You'll Learn
Who Should Take This
av_timer1-2 hours

Module 1: Introduction

  • 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
Back to Top
av_timer1-2 hours

Module 2: Taxonomy of Risks

  • Market risk
  • Credit risk
  • Operational Risk
  • Liquidity risk - Case Study Northern Rock’s Liquidity Risk 2007
  • Systemic risk
Back to Top
av_timer1-2 hours

Module 3: Money and Capital Markets Participants and Regulators

  • Money and capital markets
  • US Federal and State regulatory structure
  • Foreign regulatory structures - United Kingdom & European Union
Back to Top
av_timer1-2 hours

Module 4: Concepts in Risk Management

  • Risk factors
  • Risk measures - Value at risk (VaR) Expected shortfall (ES) or Conditional VaR (CVaR) Coherence of risk measures
  • Scenario analysis and stress testing
Back to Top
av_timer1-2 hours

Module 5: Risk by Asset Class

  • 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
Back to Top
av_timer1-2 hours

Module 6: Portfolio Risk Measurement

  • The role of correlation in portfolio risk
  • Measuring risk with historical data
  • Measuring risk with models
  • Application Market risk measurement for an equity portfolio
Back to Top
av_timer1-2 hours

Module 7: Risk Reporting

  • 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
Back to Top
av_timer1-2 hours

Module 8: Risk Management Tools and Practices

  • Risk management tools - Index futures Equity swaps Options
  • Exposure and loss limits
Back to Top
av_timer1-2 hours

Module 9: Asset-Liability Management

  • 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
Back to Top
av_timer1-2 hours

Module 10: Operational Risk and Integrated Risk Management

  • 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
Back to Top
av_timer1-2 hours

Module 11: Risk Regulation

  • Why regulation? - Systemic Risk A brief history of regulation
  • Impact of the subprime crisis on regulation
Back to Top
av_timer1-2 hours

Module 12: The Basel Capital Accords

  • 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
Back to Top
av_timer1-2 hours

Module 13: Overview of Regulatory Regimes

  • US Federal and State regulators
  • Financial regulation in the United Kingdom European Union and Asia
  • Regulation in emerging economies
Back to Top
av_timer1-2 hours

Module 14: Stress Testing

  • Scenario analysis Historical vs hypothetical
  • Algorithmic / mechanical stress tests - Factor push Maximum loss
  • History of stress testing at financial institutions
  • Reverse stress testing
Back to Top
av_timer1-2 hours

Module 15: US Regulatory Stress Tests

  • 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?
Back to Top
av_timer1-2 hours

Module 16: Regulatory Stress Testing in other Jurisdictions

  • UK Bank of England (PRA) stress tests
  • EU European Banking Authority (EBA) stress tests
  • Japan Hong Kong Sweden Ireland
Back to Top

    Desk-Ready Skills:

  • Compute standard risk measures for portfolios comprising a variety of asset classes
  • Be aware of the strengths and weaknesses of the various approaches to risk measurement.
  • Understand and effectively communicate standard risk reports
  • Understand the central role of asset liability management in the overall risk management of financial institutions
  • Understand the implications of recent risk events for risk management and prudential regulation
  • Understand the issues surrounding current risk regulation
  • Be familiar with current regulatory stress testing regimes for financial institutions

Prerequisites

    • Prerequisite knowledge:

      • Basic MS Excel skills
      • Basic probability and statistics
  • Recommended for:

    Risk analysts and risk managers
    treasury analysts
    regulators and finance professionals with risk-related roles.

    You may also be interested in the following product(s)

    about nyif
    90+ years of essential education
    for finance professionals delivered
    by leading industry experts
    contact us
    160 Broadway, 15th FL
    New York, NY 10038
    +1 347 842 2501