Executive Certificate Program in

Advanced Financial Risk Management

• 5 Months • Live Online Sessions

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1.5 Hrs

Weekend Sessions

IIM Bodh Gaya

Campus Immersion

#33

NIRF Ranking

IIM

Expert Faculty

About Advanced Financial Risk Management

The Financial Risk Management course is designed to provide in-depth knowledge on identifying, assessing, and mitigating risks that arise from financial activities within organizations. Its main goal is to prepare individuals to handle financial risks effectively, ensuring they can make sound decisions that safeguard a company’s financial well-being and long-term stability.

In this course, financial risks are defined as potential threats to an organization’s profitability, cash flow, or overall financial health. These risks stem from various sources, including market volatility, interest rate changes, credit defaults, currency exchange fluctuations, liquidity issues, and regulatory requirements.

The course emphasizes the quantitative methods used in managing financial risk. Participants will explore techniques and models for measuring and evaluating risk, such as value-at-risk (VaR), stress testing, scenario analysis, and credit rating models. They will also dive into statistical methods, probability distributions, and risk indicators crucial for precise risk measurement.

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Key Highlights of this Course

Prestigious Certification

Upon successful completion of the course, participants may earn a certificate from IIM, which is widely respected and recognized within the corporate sector.

Comprehensive Curriculum

Comprehensive Advanced Financial Risk Management course covering concepts, tools, risk identification, measurement, analysis, mitigation, credit, market, and operational risks.

Experienced Faculty

Courses at IIMs are usually led by seasoned faculty with deep expertise in finance and risk management.

Case Studies and Real-Life Examples

The course frequently incorporates case studies and real-world examples to offer practical insights into financial risk management practices and the challenges businesses encounter.

Industry Relevance

The curriculum aligns with current industry trends, equipping participants with practical, relevant financial risk management skills.

Networking Opportunities

Participants can connect with fellow professionals, building a strong network of peers and future collaborators.

Eligibility Criteria and Program Details

Education

Graduates from a recognized University (UGC/AICTE/DEC/AIU/State Government)

Work Experience

Aspirants with professional experience of 1 years in any domain.

Course Fees

The IIM online Advanced Financial Risk Management course is available for INR 75,000/- plus 18% GST

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Who Should Enroll

Risk Managers

Finance Professionals

Compliance Officers

Auditors

Regulators and Policy Makers

Entrepreneurs

Business Owners

Financial Analyst

Credit Risk Analyst

Investment Risk Manager

Chief Risk Officer (CRO)

Risk Consultant

Financial Controller

Asset Manager

Aspirants Seeking a Career in Finance Risk Management

Evaluating if this course is right for you?

Check out career paths of your interest

Syllabus of this Course

Module 1: Foundation of Risk Management & Financial Markets and Products

How Do Firms Manage Financial Risk?
The Governance of Risk Management
Credit Risk Transfer Mechanisms
Enterprise Risk Management and Future Trends
Risk Data Aggregation and Reporting Principles
Introduction to Derivatives
Exchanges and OTC Markets
Using Futures for Hedging
Pricing of forwards and Futures
Foreign Exchange Markets
Options Markets
Properties of Options
Trading Strategies
SWAPS
Interest Rate Futures

Module 2: Quantitative Analytics tools for financial decisions

Statistical inference and hypothesis testing
Linear Regression
Regression with Multiple Explanatory Variables
Stationary Time Series
Nonstationary Time Series
Simulation and Bootstrapping
Time-Series analytics

Module 3: Risk Management and Investment Management

Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM)
Multifactor Models of Risk-Adjusted Asset Returns
Portfolio Construction
Portfolio Risk: Analytical Methods
Factor investing

Module 4: Market Risk Measurement and Management

Estimating Market Risk Measures
Non-Parametric Approaches
Parametric Approaches (II): Extreme Value theory
Back testing VaR
VaR Mapping
Some Correlation Basics: Properties, Motivation, Terminology(copula)
Empirical Properties of Correlation: How Do Correlations Behave in the Real World?
Financial Correlation Modeling – Bottom-Up Approaches
Empirical Approaches to Risk Metrics and Hedging

Module 5: Interest Rate Risk and Credit risk Measurement

The Management of Net Interest Income
Types of Rates
Duration
Convexity
Nonparallel Yield Curve Shifts
Classifications and Key Concepts of Credit Risk
Spread Risk and Default Intensity Models
Portfolio and Structured Credit Risk
Recent changes in Basel III compliance
Counterparty Credit Risk
Netting, Compression, Resets, and Termination Features
Collateral
Credit Exposure and Funding
Credit and Debit Value Adjustment
The Credit Transfer Markets – And Their Implications

Module 6: Operational Risk

Defining Operational Risk
Categorization of Operational Risks
Regulatory Capital Under Basel II
The Standardized Measurement Approach
Preventing Operational Risk Losses
Allocation of Operational Risk Capital, RAROC

Module 7: Capstone project

Certification

Financial Risk Management course ROI

Earning a Financial Risk Management certification from IIM Bodh Gaya presents numerous significant advantages. This certification acts as a pivotal milestone in your career, positioning you as a strategic leader equipped with deep expertise in financial risk management. It provides you with relevant skills and tools such as Excel and R, which not only enhance your career prospects but also offer a strong return on investment. You can expect career advancement, a higher salary, improved job security, expanded networking opportunities, enhanced leadership abilities, and a readiness for innovation and digital transformation, among other key benefits.

Financial Risk Management Course Certificate

Participants who successfully complete the Executive Certificate Program in Advanced Financial Risk Management from IIM Bodh Gaya Executive Education will receive a verified certificate. To qualify for this certificate, participants must fulfil the required attendance criteria and submit the final project to the satisfaction of the program requirements.

Admission Process

1. Counselling

Participants will be advised by professional counselors over the virtual mode

2. Shortlisting

Profiles will be shortlisted in view of qualification standards and counselor comments on the profile.

3. Application

Complete Online Application Form. Click here to fill the form.

4. Profile Approval

Profile gets Approved or Rejected based on the shared information.

5. Enrollment

Only Approved profiles proceed further for enrollment process.

About IIM Bodhgaya

Indian Institute of Management Bodhgaya (IIM-BG) belongs to the prestigious IIM family of business schools. It is a new generation IIM, set up by the Government of India in 2015. At 33rd place among the business schools pan-India in the National Institutional Ranking Framework 2024 of the Government of India, it is one of the top all new-generation IIMs established in 2015/2016.

Bodh Gaya, located in the state of Bihar, India, serves as the spiritual capital of Buddhism. This sacred site attracts millions of visitors each year, drawn to its profound historical and cultural significance.

Prof. Archana Patro

PhD IIM Indore

Prof. Sabyasachi Mohapatra

PhD IIT Kharagpur

Frequently Asked Questions

What is Financial Risk Management?

Financial Risk Management refers to the systematic approach of identifying, evaluating, and addressing potential risks that could affect the financial stability, profitability, or performance of an individual or organization. This process involves implementing strategies to manage different types of financial risks, helping to safeguard against events that could negatively impact the entity's financial well-being.

Financial risks can stem from various factors, such as market volatility, credit issues, fluctuations in interest rates, currency exchange shifts, liquidity shortages, operational disruptions, or regulatory challenges. Each risk presents specific obstacles, and effective risk management works to reduce their effects and protect the organization's financial assets and investments.

What is the cost of enrolling in the Advanced Financial Risk Management course at IIM Bodh Gaya?

The total cost for the IIM Advanced Financial Risk Management Course is INR 75,000, plus 18% GST. You can choose to pay this amount in three convenient installments.

What career opportunities can professionals expect after completing Financial Risk Management courses?

After successfully completing financial risk management courses, professionals can anticipate a diverse array of exciting career opportunities within the financial sector and beyond. The specialized knowledge and skills acquired through these courses pave the way for various career paths, including:

Financial Risk Manager: Graduates may take on roles as financial risk managers, where they are responsible for identifying, analyzing, and mitigating financial risks within an organization.
Risk Analyst: There are opportunities for risk analysts who conduct assessments and provide valuable insights to inform strategic decision-making.
Credit Risk Manager: Some professionals may choose to specialize in credit risk management, focusing on evaluating creditworthiness and managing associated risks.
Market Risk Analyst: Roles are available for market risk analysts, who analyze market fluctuations and their effects on financial portfolios.
Compliance Officer: Graduates can pursue positions as compliance officers, ensuring that organizations adhere to regulatory requirements and best practices in risk management.
Investment Risk Analyst: Career paths also exist for investment risk analysts, tasked with evaluating risk exposure and optimizing investment strategies.
Treasury Analyst: Professionals may explore opportunities as treasury analysts, managing liquidity and interest rate risks for their organizations.
Financial Consultant: Graduates might become financial consultants, offering expert advice on risk management strategies to businesses and clients.
Quantitative Analyst (Quant): Career prospects are available as quantitative analysts, who leverage mathematical and statistical models to assess financial risks.
Risk Management Consultant: Professionals can work as risk management consultants, advising organizations on how to develop robust risk management frameworks

What are the eligibility criteria for the FRM course at IIM Bodh Gaya?

To qualify for the Advanced Financial Risk Management Course at IIM Bodh Gaya, candidates must fulfill the following eligibility requirements:

Educational Background: Applicants should hold a Bachelor's degree in any discipline or an equivalent diploma.

Professional Experience: Candidates must have at least one year of relevant work experience in their field.

For further details and to address any questions, interested individuals are invited to speak with the course counsellor.

What is the value of the FRM course in India?

The value of obtaining the Financial Risk Manager (FRM) certification from IIM Bodh Gaya, like any professional credential, is contingent upon your individual career aspirations, interests, and the industry you aim to enter. Here are some key factors to consider when evaluating whether the FRM certification is worthwhile for you in India:

Career Opportunities

The FRM certification is recognized worldwide, especially in risk management, finance, and banking sectors.
If you seek to build a career in these fields—particularly in roles focused on risk assessment, management, portfolio oversight, or financial analysis—obtaining the FRM can significantly boost your employability.

Skill Development

The FRM curriculum encompasses a broad array of subjects pertinent to financial risk management, including credit risk, market risk, operational risk, and risk modeling.
Achieving this certification can greatly enhance your knowledge and expertise, making you a more attractive candidate to employers.

Professional Credibility

Earning the FRM designation signals your dedication to risk management and highlights your expertise to potential employers and clients.
This can give you a competitive advantage in a saturated job market and help differentiate you from your peers.

Networking Opportunities

Gaining the FRM certification facilitates connections with fellow professionals through industry events, conferences, and dedicated networking platforms.
Networking is vital for career advancement and can lead to new job opportunities.

Industry Recognition

The FRM certification is highly esteemed within the financial sector.
Many employers view it as an indicator of a candidate's competence and commitment to risk management best practices.

Return on Investment (ROI)

It's important to consider the expenses involved in obtaining the FRM certification, including exam fees, study materials, and preparation time.
Evaluate whether the prospective advantages, such as higher earning potential or improved job prospects, warrant the investment based on your career objectives.

In conclusion, the choice to pursue the FRM certification in India, or any other credential, should align with your professional goals and the demands of your industry. Conduct research on the job market and engage with industry professionals to gather insights on the value of the FRM certification in your specific situation. Keep in mind that while professional certifications are an important part of career advancement, gaining practical experience and honing essential skills are equally critical for building a successful career.

Is it more beneficial to pursue FRM certification rather than CFA certification

Determining whether the FRM certification is superior to the CFA certification hinges on your individual career objectives, interests, and the sector you aim to enter. Both credentials are esteemed within the finance field, yet they emphasize different areas of expertise. Let's explore their distinctions:

Focus and Specialization

FRM: The FRM certification is concentrated on financial risk management, addressing topics such as risk assessment, modeling, analytics, and mitigation strategies.
FRM: This certification is particularly suitable for professionals aspiring to careers in risk management, investment banking, or risk analysis.
CFA: In contrast, the CFA certification has a more extensive scope, covering investment analysis, portfolio management, and financial analysis.
CFA: It encompasses a wide array of finance and investment topics, making it ideal for those interested in portfolio management, equity research, and investment analysis.

Recognition and Industry Perception

FRM: The FRM certification enjoys significant respect in the fields of risk management and financial services.
FRM: It has global recognition and is sought after by employers looking for risk management expertise.
CFA: The CFA charter is also highly esteemed, particularly in the investment management sector.
CFA: It is often regarded as a testament to one’s dedication to the investment profession, making it highly valued by asset management firms, investment banks, and financial institutions.