Professional Certificate Program In Applied Financial Risk Management

Risk Management , Finance

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About this course

Gain the Foresight and Expertise to Identify and Manage Financial Risks

The increasing complexity and growth in the market value of financial assets and their derivatives highlight the need to manage investments in these securities, prudently and optimally. Professionals in financial institutions and corporates need a solid understanding of management and financial risk measurement. This course is designed to introduce various risk management concepts, tools, and techniques. Using an integrated approach, the course will emphasize on the design and implementation of risk management practices in financial institutions. It also deals with the mathematical ideas and the algorithms behind the construction of models for analyzing and managing risk in financial markets. Basically, this course purports to familiarize students with, and deepen their understanding of modern risk management concepts, theories, practices and trends.

At the end of this course, the participants will be able to:

• Understand the relationship between risk and reward, and explain how incentives can impact risk management

• Appreciate and understand the basic challenges in measuring and managing risk

• Evaluate and apply tools and procedures used to measure and manage financial risk

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Gain the Foresight and Expertise to Identify and Manage Financial Risks

The increasing complexity and growth in the market value of financial assets and their derivatives highlight the need to manage investments in these securities, prudently and optimally. Professionals in financial institutions and corporates need a solid understanding of managem... Read More

Get a deeper understanding of

  • Financial Risk Management
  • Credit risk modelling and credit scores
  • Equity, Currency, and Commodity Markets
  • Modern risk management concepts
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Key skills you’ll learn

  • Risk management
  • Decision-making
  • Financial risk management

Program Starts Soon

Benefits for All Students

Knowledge will be imparted through class exercises to develop hands on skills that can be applied to practical scenarios

Get exposed to various financial models for analyzing and managing risk using popular tools like Excel

Appreciate and understand the basic challenges in measuring, managing and evaluating risk by applying popular financial tools and procedures

Learn to implement robust risk management measures to smoothly sail through the crisis situations

On successful completion, you will receive certificate of completion from IIM Kozhikode

Knowledge will be imparted through class exercises to develop hands on skills that can be applied to practical scenarios

Get exposed to various financial models for analyzing and managing risk using popular tools like Excel

Appreciate and understand the basic challenges in measuring, managing and evaluating risk by applying popular financial tools and procedures

Learn to implement robust risk management measures to smoothly sail through the crisis situations

On successful completion, you will receive certificate of completion from IIM Kozhikode

Are You Eligible?

Are You Eligible

Education

  • For Indian Participants – Graduates (10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) in any discipline
  • For International Participants – Graduation or equivalent degree from any recognized University or Institution in their respective country
  • Proficiency in English, spoken & written is mandatory.

Work Experience

  • An overall experience of minimum 5 years in financial institutions/finance department of non-financial firms, or at least 3 years in a managerial position in such enterprises

Syllabus at a Glance

  • Introduction to Risk Management and basic risk types
  • Volatility and Correlation
  • Bond Fundamentals
  • Portfolio Theory and CAPM
  • Financial Returns, Modeling Risk Factors
  • Monte Carlo Methods
  • Financial markets, Institutions and Regulations
  • Introduction to Derivatives
  • Options
  • Equity, Currency, and Commodity Markets
  • Bonds, Interest Rate and Interest Rate Sensitivity
  • VaR, Expected Shortfall (ES) and other Risk Measures
  • Parametric, Historical Simulation and Monte Carlo Simulation
  • Hedging with Derivatives
  • Interest Rate Derivatives
  • Non-linear (Option) Risk Models
  • Case study on VaR, VaR Mapping, and VaR Backtesting
  • Corporate Bonds, Credit Risk, and Credit Ratings
  • Credit Risk Modelling and Credit Scores
  • Estimating Default Probabilities and Credit VaR
  • Credit Derivatives
  • Securitization and Structured Obligations
  • Operational Risk and Liquidity Risk
  • Stress Testing, RAROC, and Economic Capital
  • Enterprise Risk Management (ERM) and Review

  • Introduction to Risk Management and basic risk types
  • Volatility and Correlation
  • Bond Fundamentals
  • Portfolio Theory and CAPM
  • Financial Returns, Modeling Risk Factors
  • Monte Carlo Methods

  • Financial markets, Institutions and Regulations
  • Introduction to Derivatives
  • Options
  • Equity, Currency, and Commodity Markets

  • Bonds, Interest Rate and Interest Rate Sensitivity
  • VaR, Expected Shortfall (ES) and other Risk Measures
  • Parametric, Historical Simulation and Monte Carlo Simulation
  • Hedging with Derivatives
  • Interest Rate Derivatives
  • Non-linear (Option) Risk Models
  • Case study on VaR, VaR Mapping, and VaR Backtesting

  • Corporate Bonds, Credit Risk, and Credit Ratings
  • Credit Risk Modelling and Credit Scores
  • Estimating Default Probabilities and Credit VaR
  • Credit Derivatives
  • Securitization and Structured Obligations

  • Operational Risk and Liquidity Risk
  • Stress Testing, RAROC, and Economic Capital
  • Enterprise Risk Management (ERM) and Review

Learn from the Best Faculty

About The Institute

IIM Kozhikode

Started in 1997 with its Postgraduate Programme (PGP), the Indian Institute of Management Kozhikode (IIMK) is on a high growth trajectory today, offering the widest range of academic programs in the field of management education. These include Doctoral Programme in Management, Executive PG Programmes, Management Development Programmes, and Faculty Development Programs. IIMK set up a Satellite campus at Infopark, Kochi, in 2013 dedicated to Executive Education. IIMK has also the unique distinction of launching a Ph.D. (Practice Track) programme for working professionals besides bringing in new dynamic courses in Women Leadership, a one-year Post Graduate programme in Business Leadership (2019) MBA in Finance and MBA in Liberal Studies & Management (2020). The institute is also home to IIMK LIVE, a first-of-its-kind startup incubation programme, and the Indian Business Museum. IIMK is ranked 4th as per the latest NIRF India Rankings 2021: Management. The institute also made its global debut for its flagship MBA (101+ globally, 7+ in Asia) and EMBA programme (101+ globally, 15+ in Asia) in the 2020/21 QS World University Rankings. It is also ranked No.2 in the CFIs (non-Technical) category in the Atal Innovation Rankings (ARIIA 2021) rankings released recently by the Ministry of Education, Govt. of India. IIM Kozhikode is globally accredited by EQUIS (EFMD) and AMBA (UK).

IIM Kozhikode aims to create a unique and futuristic space of global reckoning so as to nurture the finest management thinkers in the pursuit of developing innovative, socially responsible, and environmentally friendly practitioners, leaders, and educators. Strategically moving towards a better future, the Institute strives to provide holistic learning, giving equal weightage to academic solidarity and practical application. IIM Kozhikode integrates concepts with applications and values, thus transforming individuals into dependable, capable, caring, and fair-minded personalities who will contribute towards the development of communities.

Fee Structure for

Instalment Schedule

Instalment 1
INR 35000 + GST Due by: 05 Dec, 2020
Instalment 1
USD 650 Due by: 05, Dec, 2020
Instalment 2
INR 25000 + GST Due by: 01 Apr, 2021
Instalment 2
USD 500 Due by: 01, Apr, 2021
Instalment 3
INR 40000 + GST Due by: 05 Jul, 2021
Instalment 3
USD 850 Due by: 05, Jul, 2021
OR
Pay for Total Amount
INR 100000 + GST Due by: 05, Dec, 2020
Pay for Total Amount
USD 2000 Due by: 05, Dec, 2020

Financial Aid

To learn more about financing your course, visit the course Financial Resources Hub

Why Should You Join a Program Offered Through Talentedge?

  • 95% Completion Rate
  • 92% Satisfaction score
  • 78% Referability
  • Live & Interactive Digital Learning
  • Convenient Schedules to Suit Working Professionals
  • Benefit from Talentedge’s Alumni Network
  • Practical/Hands-On Experiential Learning
  • Dedicated Student Support
  • Options for Loan Assistance

Program Starts Soon

Applied Financial Risk Management Course From IIM Kozhikode

The 21st-century business sphere is highly coherent in nature. What we have been witnessing in the world turning into a single marketplace with companies acting as individual entities. Although globalization has made it easy for brands to expand their footprints beyond geographical boundaries and sell products anywhere in the world, it has left little scope for organizations’ sovereignty to a good extent.

Today, the international market decides the fate of the business arena. During the late 2000s, the bursting of the United States housing bubble and the subprime mortgage crisis led to the fall of the global economy, resulting in various global companies feeling the heat. The same happened during the COVID-19 economic blockade. The latest example is the Evergrande liquidity crisis of 2021, creating a fear psychosis in the world economy.

Also Read: Best Financial Risk Management Course To Excel
 

These examples show how companies can lose billions of dollars without their share of mistakes. Add some internal risk factors and the problem becomes even more serious. That doesn’t mean companies have no option but to wish for things to be in their favor. This is where they have to be smart and make strategies to run their businesses without a hitch.

Looking at the current market scenario, it wouldn’t be difficult to understand why the demand for risk managers is rearing up. If you are planning to land in this world and become a business doctor, there is no better way to begin the journey than signing up for IIM Kozhikode financial risk management course. It helps you join the esteemed fraternity of thousands of aspiring young minds who design risk management tactics for some of the world’s leading companies.

 

What is the Financial Risk Management Course by IIM Kozhikode?

The financial risk management course by IIM Kozhikode is an ideal gateway for those professionals who want to land into the field of handling companies’ assets and financial prospects. The IIM online course is aimed at making candidates acquainted with the complexities of the modern business market. Talentedge’s financial risk management course welcomes all those aspirants who want to learn the art of successfully protecting and preserving a company’s monetary value by understanding the basic challenges in measuring and managing risk.

 

Also Read: Key Skills Required For Effective Risk Management

Thanks to the comprehensive and detailed curriculum of IIM Kozhikode’s financial risk management course, hundreds of candidates have signed up for it in the last few years. For understanding the relationship between rewards, risks, and incentives, this program is ideal.

 

Reasons to pursue Financial Risk Management Course in 2022

The financial risk management course is one of the most popular IIM online courses. With companies careful of market risks, thousands of professionals are being recruited every year in this field, which is full of opportunities. If you don’t want to be left behind in the race, sign up for the course on Talentedge’s website. A professional accreditation would be your maiden step in career advancement. Here are some of the major reasons you should pursue this financial risk management course.

  1. A financial risk management certification helps you attain mastery over the art of making risk minimization plans.
  2. Along with boosting your career opportunities, the IIM online course offers you a clear understanding of the business market.
  3. The industry is hunting for people with expertise. So, if you are interested in making your career a financial success, the financial risk management course might be your first step towards attaining career success.
  4. The course curriculum is the amalgamation of the theoretical and practical ways of analyzing and managing risks using analytical tools.
  5. IIM Kozhikode financial risk management course is an opportunity to learn about various modern risk management concepts.
  6. Since the program covers a wide range of topics, it plays a vital role in enhancing your professional as well as personal life.
  7. After signing up for the financial risk management course, you will have access to Talentedge’s SLIQ Cloud Campus, where you can raise your queries and ask questions directly from professors.
  8. Debates and discussions are an intrinsic part of the certificate program by IIM Kozhikode.
  9. The certificate of completion from IIM Kozhikode, one of the premium business schools in India, will be a great asset to your CV.
  10. The professional certificate course offers you an opportunity to learn through real-life examples and case studies.

 

Also Read: Practical Tips for Managing Financial Risk
 

Eligibility Criteria for IIM Kozhikode online course in Financial Risk Management Education

  • If you are an Indian candidate, you must have at least a Graduation degree (10+2+3) from a recognized University (UGC/AICTE/DEC/AIU/State Government) in any discipline
  • International participants have to present graduation or equivalent degree from any recognized University or Institution in their respective countries
  • Proficiency in English, spoken & written is a must for attending the IIM Kozhikode financial risk management course

 

Work Experience

  • An overall work experience of minimum 5 years in financial institutions or finance departments of non-financial firms, or at least 3 years in a managerial position in such enterprises. |

 

Skills Required to Pursue IIM Kozhikode Financial Risk Management Course

  1. Problem-solving skills: Risks are constant problems in the business world, which is why they require regular resolution. Your ability to take your organization out of trouble is a great testament to your commitment to becoming a smart financial risk manager.
     
  2. Analytical expertise: Prior to dealing with potential risks arising in an organization, what’s important is proper analysis. Financial risk managers must have an eye for detail, since they are constantly on the hunt for that one issue harming the operation. Analytical skills also play a significant role in broadening your scope of business understanding.
     
  3. Good communication & presentation skills: One of the major aspects of risk management is to make sure everybody associated with the company understands potential risks and strategies. This requires better communication with the audiences and other stakeholders. The way you present your thoughts to others plays a significant role in the field of risk management.
     
  4. Strategic thinking ability: IIM Kozhikode’s financial risk management course aims to make its candidates smart thinkers and presenters. The better you think, the smarter your decisions will be. As a risk manager of some stature, you need to be forward-looking and tactically smart. Keeping pace with the ever-transforming nature of the market is very important in this field.
     
  5. Tech friendly: Businesses in the 21st century have largely been influenced by technological advancements. Most of the operational and financial actions are done online. Make sure you are technologically strong before taking a step towards being a financial risk manager.
     
  6. Negotiation skills: Finance management includes cost controlling, negotiating with stakeholders, managing the market, etc. In such scenarios, one needs better negotiation skills, in addition to the ability to influence people.
     
  7. Ability to handle pressure situations: Where there is money, there is stress. All you need to do is handle these moments of strain efficiently and come out as the winner. Join IIM financial risk management course to learn how to deal with such pressure situations with ease.
     
  8. Team management: Are you a team person? If yes, the field of financial risk management is going to be your forte. Since it is an amalgamation of various tasks, you might have to work with people from different fields.
     
  9. Good with numbers: The field of finance is all about numbers — costs, risks estimation, probability, etc. That doesn’t mean you have to be a mathematician. However, you need to be good at playing with numbers and feel confident with calculations.
     
  10. Financial astuteness: The most fundamental requisite for entry into the world of financial risk management is your understanding of the market and the industry. The knowledge of working with financial tools is going to be a great help to your career. For enhancing your acquaintance with finance, sign up for Talentedge’s applied financial risk management course by IIM Kozhikode.

Also Read: Tools to Control Financial Risks in Organizations

 

Key Duties and Responsibilities of a Financial Risk Manager

Financial risk management executives are responsible for managing all forms of monetary threats that a company is facing and might be facing in the future. They not only analyze data but also inspect the financial markets and global business phenomena in order to get a precise picture of various risk factors. A financial risk manager is responsible for:

  • Evaluating various forms of risks that can harm the business.
  • Framing and implementing risk management strategies for the company
  • Creating a dedicated team for sorting out external and internal risks disturbing the company’s prospects.
  • Educating the stakeholders and various other people associated with the business about the market uncertainties and how to avoid further losses.
  • Maintaining insurance policies records and claims.
  • Leading a team of risk managers and finance associates and keep updating them with challenges the company might face in the future.
  • Conducting regular inspections of the organization’s finances and challenges
  • Implementing various measures to put various economic disruptions right and ensure the policies are implemented correctly in the future.
  • Striking a balance between audiences’ demands and product quality while trying to make up for the losses.
  • Reviewing major contracts, company’s future policies, and other deals, in view of insurance insinuations.
     

Jobs and salary after completing Financial Risk Management Course

Owing to the uncertain nature of the business market, the demand for financial risk management executives for companies across industries has been skyrocketing. Especially after the global financial crisis of 2007-2008 and the COVID-19 recession, companies have been wary of their monetary and structural assets. They have been hiring such professionals who take care of their legacy in large numbers. Here is the list of some of the career options you can choose after pursuing the financial risk management course by IIM Kozhikode.

  • Finance Analyst
  • Financial Risk Manager
  • Investment Officer/Asset Manager
  • Audit Manager
  • Credit Manager
  • Chartered Financial Analyst (CFA)
  • Financial Advisor

The basic salary of a financial risk manager, in the beginning, is about 10 lakhs per annum. Going further, a senior risk manager can earn over 38 lakhs per annum. One of the reasons a huge workforce in India is getting attracted to this field is the amount of incentive they receive while taking care of the companies’ monetary health.

 

Also Read:  Applied Financial Risk Management

 

IIM Kozhikode Financial Risk Management Course Curriculum - 2022

  • Introduction to Financial Risk Management: The central theme of the program is based on the fundamentals of risk management. You will be introduced to various forms of risks that a firm faces, along with several ways to avoid those threats. This module also talks about the relationship between volatility and correlation. Learn about the basic features of a bond while pursuing the financial risk management course by IIM Kozhikode.
     
  • Risk management methods: The opportunity to understand methods to risk management is here. A lot of emphasis is placed on the theoretical and practical aspects of the Monte Carlo methods to prepare candidates for taking on bigger challenges in the real world. From financial returns to modeling risk to portfolio theory, you will learn various aspects of the risk management process.
     
  • Financial Instruments and their markets: In the company of some of the most learned professors and industry experts, understand the basics of financial markets, institutions, and regulations. These things are of great importance in dealing with legal risk factors. IIM Kozhikode’s financial risk management course also aims to give you a clear picture of the market derivatives. A detailed understanding of equity, currency, and commodity markets makes up the course curriculum.
     
  • Market risks: This module is of great substance when it comes to getting a deeper knowledge of the market risks. It covers topics such as bonds, interest rates, and interest rate sensitivity. Various types of derivatives will also be discussed in this course. The financial risk management course is an opportunity to get acquainted with VaR, VaR mapping, and VaR backtesting. If you are not familiar with parametrics, historical simulation, and Monte Carlo simulation, this program is your perfect place.
     
  • Risk model and analytical study: Since you are about to enter the world of finance, mastering the number game is indispensable. Become proficient in representing market threats in the form of statistical data. In the corporate world, you will need this skill to make policies based on historical data and probability. While attending the financial risk management course, you will go through 360-degree training that will hone your analytical skills among others.
     
  • Types of financial risks: Various types of financial risks will be dealt with during the 7-month course by IIM Kozhikode. These risks will further be demarcated into many other components such as default risk, political risk, interest rate risk, inflationary risk, foreign exchange risk, etc. The impacts of these risk types are also discussed in the online class so that you get a broader perspective of the market.
     
  • Enterprise risk management: Enterprise risk management is the process of spotting business threats in a company, analyzing their reasons, and addressing the issues methodically. During Talentedge’s financial risk management course, you will be upskilled with how to gain a competitive advantage over other players in the industry.
     
  • Economic capital: Among topics that are of huge importance, economic capital is discussed in detail to make sure candidates understand the core of market economics. Talking about the definition of economic capital, it is the sum of monetary resources needed for a company to survive a major risk. If you intend to equip yourself with the proper appreciation of risk management, the understanding of economic capital is a must.

Also Read: Executive Certificate Program In Applied Financial Risk Management

 

FAQs for Professional Certificate Program in Business Analytics
 

Q. What is financial risk management? 

Ans: In the world of finance, risk management refers to all those practices that recognize, analyze, and keep any form of potential threats in check. These threats are mostly associated with the monetary inflow and outflow in a business. Financial risk management has become one of the hot topics of discussion in the modern-day business sphere, owing to various factors impacting the financial growth of an organization.

 

Q. Which course is best for applied financial risk management?

Ans: Applied financial risk management is one of the most in-demand fields of study in modern days. So many colleges and institutes offer FRM courses, among which you should go for the one that fulfills your expectations. IIM Kozhikode’s applied financial risk management course is considered one of the most popular ones.

 

Q. What are the 4 types of financial risk?

Ans: Financial risk can be divided into mainly four types: credit risks, liquidity, risks, market risks, and operational risks.

  1. Credit risk: As the name suggests, credit risk comes into the picture when a debtor is unable to fulfill its payment obligations.
  2. Liquidity risk: Poor cash flow can lead to a liquidity crisis. This leads to investors losing confidence in the company. Imbalance in supply and demand is also a major factor behind the liquidity crisis.
  3. Market risk: Market risk, largely, is the result of economic uncertainty in the market. The supply chain is the major factor playing a role in market disruption.
  4. Operational risk: Poor management and an abysmal financial model comes under operational risk to a company. This also is influenced by legal obligations and fraud risks.

 

Also Read: Impact of Financial Risks

 

Q. How are financial risks managed? 

Ans: Financial risk management is a systematic process that includes mainly three aspects: identification, analysis, and response. The very first step is to sense the risk factors, followed by a detailed examination of various facets pertaining to potential risks. The final stage is doing your bit to resolve all those issues, making sure it reduces both the possibility of risks arising in the future and their further impacts.

There can be three major responses a company makes to deal with risks. They either eliminate some segments of the risk or weaken its impact on the business. However, in some cases, it has been observed that organizations accept risk in a bid to enjoy the greater good in the future.

 

 

Q. Why is financial risk management important? 

Ans: Financial risk management is among the most significant aspects of an organization, especially in the 21st-century uncertain business environment. If a company doesn’t have a proper risk management strategy, it will struggle to survive in the long run. Maintaining competitiveness also becomes a challenge for companies having no planning. Thus, it is better to prepare for the unexpected and avoid any hiccup by incorporating various risk management strategies.

 

Q. How do you become a financial risk manager?

Ans: For becoming a financial risk manager, you first need to complete your graduation and then eye for a degree or course in the related field. Before that, it is advisable to gain some working experience in financial institutions or departments. Further, join the financial risk management course to get acquainted with the field in detail.

 

Q. What are the methods of financial risk management?

Ans: Methods of financial risk management include strategies and policies that a company frames to avoid risks that come their way. The first step is identifying the risks, followed by analysis and measurement of those threats. Finding the source of risks is the next step. After that, the FRM team formulate strategies for the future. The final step involves implementing those suggestions and procedures on a regular basis.

 

Q. What is applied risk management? 

Ans: Applied risk management is the point where strategies meet the road to implementation. In other words, translating risk analytics data into effect is known as applied risk management. It is more about the application of policies and sharing ideas that make the core of FRM.

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