Why did financial risk management fail to prevent the 2008 financial tsunami?
Why did it fail to rescue Long Term Capital Management, a star-studded hedge fund with two Nobel Laureates on its Board, from its spectacular fall in 1998?
Postgraduate Diploma in Financial Risk Management trains you in the art and the science of financial risk management and increases your chances of acquiring the coveted Financial Risk Manager®accreditation.
Curriculum covers body of knowledge of FRM Level 1 and Level 2 exams
Practical, analytical and highly relevant to Financial Risk Management
Increase your career potential to achieve positions in financial risk, credit risk, compliance and risk analysis sectors
Contents: Financial Risk Management, Market Risk Management, Financial Models, Valuation and Risk Models, Credit Risk Management, Operational and Integrated Risk Management, Current issues in financial market such as the euro debt crisis
Focus on analytical framework and practical appliaction of financial risk management
The program seeks to distinguish itself from a wide array of financial risk management courses in two important ways. First, it covers the full curriculum prescribed by the Global Association of Risk Professionals (GARP) for its Financial Risk Manager®(FRM) accreditation. However, unlike other preparatory courses which aim at providing a set of knowledge necessary to pass the FRM exam in the shortest possible span of time, the current program investigates each topic in great depth, so that the students may actually learn the concepts and applications properly and in the process hopefully enhance the chance of passing the FRM exams.
Second, unlike other training courses that basically embrace the methodology underlying the FRM curriculum, this program gives equal spotlight to the inherent limitations of the quantitative framework and its applications, and the corporate-governance reality that often curtails the proper application of the framework.
Indeed, the Financial Tsunami of 2008, which saw the collapse or bailout of many previously illustrious financial institutions, happened despite the professed adoption and deployment of this risk management mechanism. And the spectacular demise in 1998 of Long Term Capital Management – a hedge fund which boasted the best and the brightest that Wall Street had to offer, plus two Nobel Laureates who provided the theoretical and mathematical foundation for the framework, had already been an egregious precursory object lesson.
The program thus intends to train the students in both the art and the science of financial risk management by taking on the predominant methodology in its full mathematical rigor, and the “real-world” pitfalls and solutions that may lie beyond its pure quantitative reach, while mindful of what the coveted FRM certification may mean for the students.
The aim of the program is to provide students with analytical framework and practical tools necessary to manage financial risk in global financial markets. The program covers a number of units that are similar to the Financial Risk Manager levels 1 & 2 exams and offers in-depth coverage of financial risk management, valuation of relevant derivative instruments, hedging strategies and the usefulness of the financial instruments in managing financial risk. The program is both analytical and practical and students will acquire skills and knowledge that are highly relevant for their professional career development. Cases will be used to provide many real-life examples.
Previous Financial Risk Management (FRM) seminars: