IIM Mumbai Executive Certificate Programme in

Applied Financial Risk Management

 • 8 Months  • Live Online Sessions  • Executive Alumni Status

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IIM Mumbai

Executive Alumni Status

#6

NIRF Ranking

IIM Mumbai

Campus Immersion

IIM Mumbai

Expert Faculty

About the Applied Financial Risk Management Course

The performance of modern economies relies heavily on financial markets, which are growing in size and complexity. Consequently, financial risk management has become a critical function for organizations, particularly financial institutions. This course provides an in-depth understanding of risk management, quantification, and mitigation techniques. The programme also focuses on the relevance of Artificial Intelligence, Machine Learning, Climate Risk, and Sustainability in risk management.
Financial risk is categorized into four key areas are Market Risk: Arising from fluctuations in asset prices and volatility, Credit Risk: Resulting from counterparties failing to meet obligations, Liquidity Risk: Occurring when transactions cannot be executed at market prices due to cash flow constraints, and Operational Risk: Linked to internal processes, systems, or external events. The course covers methods for measuring and managing financial risks across asset classes (equity, fixed income, currency, and commodities) and instruments, including quantitative techniques and regulatory frameworks.
The programme is designed to equip participants with a comprehensive understanding of risk and the frameworks used in risk management. It aims to help learners identify the various types of financial risks that institutions typically face and apply essential quantitative techniques for accurate risk measurement. Participants will also delve into the analysis of valuation and risk models, enabling them to assess different categories of risk effectively. Ultimately, the programme prepares learners to design strategic approaches for managing these risks in real-world financial environments.

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Key Highlights of this Course

Prestigious Certification

Upon successful completion of the course, you'll receive a prestigious IIM Mumbai certificate, highly valued in the corporate world.

Comprehensive Curriculum

Comprehensive course on financial risk management covering theory, tools, assessment, mitigation, derivatives, and key risk types: credit, market, operational.

Networking Opportunities

Attendees can connect with industry peers, build strong professional networks, and explore meaningful opportunities for collaboration.

Experienced Faculty

IIM Mumbai classes are led by expert faculty with deep knowledge and experience in finance and risk management.

Industry Relevance

The programme aligns with modern financial risk trends, equipping learners with relevant skills for today’s dynamic business environment.

Case Studies and Real-Life Examples

The programme uses real-world cases to provide practical, hands-on insights into financial risk management in business contexts.

Eligibility Criteria and Programme Details

Education

Graduates from a recognized University (UGC/AICTE/DEC/AIU/State Government) or an equivalent diploma holder.

Work Experience

Aspirants with professional experience of 1 years in any domain.

Course Fees

The IIM Mumbai Applied Financial Risk Management course will cost INR 1,60,000/- plus 18% GST which can also be paid in 4 part payments.

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Unlock Exciting Career Paths, Such As

Credit Risk Analyst

Risk Manager

Market Risk Analyst

Compliance Officer

Treasury Manager

Financial Risk Analyst

Internal Auditor – Risk & Controls

Finance Manager

Chief Risk Officer (CRO)

Investment Risk Analyst

Aspirants Seeking a Career in Finance Risk Management

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Syllabus of this Course

Objective

This course provides a rigorous introduction to the quantitative techniques used in risk management. It covers statistical modeling, financial mathematics, and computational methods to assess, measure, and mitigate risks in financial markets.


Topics Covered
  • Discrete and continuous probability distributions
  • Estimating the parameters of distributions
  • Population and sample statistics
  • Bayesian analysis
  • Statistical inference and hypothesis testing
  • Measures of correlation
  • Linear regression with single and multiple regressors
  • Time series analysis, and forecasting
Objective

This course aims to provide a comprehensive understanding of derivatives. It explores derivative instruments, such as options, futures, forwards, and swaps, and their roles in hedging, speculation, and arbitrage strategies.


Topics covered
  • Structures and functions of financial institutions
  • Structure and mechanics of over-the-counter (OTC) and exchange markets
  • Structure, mechanics, and valuation of forwards, futures, swaps, and options, Hedging with derivatives, Interest rates, and measures of interest rate sensitivity
  • Foreign exchange risk, Corporate bonds, Mortgage-backed securities.
Objective

This part of the course will introduce the role and relevance of artificial intelligence in risk management. Also, how Machine Learning techniques and their applications in Investments. Finally, it deals with risk management and interface FinTech and Climate Risk


Topics Covered
  • Introduction to Artificial Intelligence and its relevance to risk management
  • Machine Learning Models and Investments Management. FinTech-enabled financial services and products
  • The importance of Climate Risk to enterprise risk management function
Objective

This course provides a deep dive into the principles and quantitative techniques used to measure, analyze, and mitigate market risk in financial institutions. Participants will explore key risk metrics such as Value-at-Risk (VaR), Expected Shortfall, and stress testing, along with advanced statistical and computational models for risk assessment.


Topics Covered
  • VaR and other risk measures, Parametric and non-parametric methods of estimation
  • VaR mapping
  • Backtesting VaR
  • Expected shortfall (ES) and other coherent risk measures
  • Extreme Value Theory (EVT)
  • Modeling dependence: correlations and copulas
  • Term structure models of interest rates
  • Volatility: smiles and term structures
  • Fundamental Review of the Trading Book
Objective

This course equips participants with the knowledge and tools to identify, assess, and mitigate risks in investment portfolios. It covers quantitative techniques for portfolio risk measurement. Participants will learn to apply risk-adjusted performance metrics, diversification strategies, and hedging techniques to optimize investment decision-making.


Topics Covered
  • Factor theory
  • Portfolio construction
  • Portfolio risk measures
  • Risk monitoring and performance measurement
  • Portfolio-based performance analysis
  • Hedge funds
Objective

This course provides a comprehensive understanding of credit risk, its measurement, and management techniques in financial institutions. Participants will explore credit risk assessment models, default probability estimation, credit rating systems, and regulatory frameworks such as Basel III. The course also covers credit derivatives, loan portfolio risk management, and stress testing methodologies to mitigate credit risk exposure.


Topics Covered
  • Credit analysis
  • Default risk: quantitative methodologies
  • Expected and unexpected loss
  • Credit VaR
  • Counterparty risk
  • Credit derivatives
  • Structured finance and securitization, Basel II and III
Objective

This course provides a comprehensive understanding of Operational Risk, equipping participants with the knowledge and tools to identify, assess, and mitigate risks that arise from internal processes, people, systems, and external events. Through real-world case studies and practical frameworks, learners will explore risk management strategies, regulatory requirements, and best practices to enhance operational resilience and safeguard organizational performance.


Topics Covered
  • Statement analysis of Financial Institutions
  • Investment Banking
  • Corporate Finance
  • Financial Institutions and Market

Certification

Financial Risk Management course ROI

Earning a Financial Risk Management certification from IIM Mumbai opens the door to a host of transformative career benefits. This achievement signifies a major milestone in your professional growth, positioning you for strategic leadership roles and equipping you with the expertise to navigate the complex world of financial risk. The value of this certification goes beyond academics — it accelerates career advancement, sharpens relevant skill sets, enhances earning potential, expands networking opportunities, strengthens leadership capabilities, boosts job security, and drives innovation and digital transformation. It’s more than a credential — it’s a catalyst for long-term success.


Financial Risk Management Course Certificate

After completing the training modules of the IIM Mumbai Executive Certificate Programme in Financial Risk Management, participants will receive an accredited certificate from IIM Mumbai, subject to meeting attendance requirements and submitting a final project for evaluation.

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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 Mumbai

IIM Mumbai, formerly known as NITIE, is one of India’s premier management institutes, established in 1963 by the Government of India with support from the UNDP and ILO. Consistently ranked among the top B-schools in the country, IIM Mumbai secured the 6th position in the 2024 NIRF rankings for Management Institutes. Nestled in the heart of India’s financial capital, the institute benefits from strong industry linkages, offering students rich exposure to real-world business practices. Known as "God's Own Campus," its lush, lake-surrounded environment fosters both academic excellence and holistic development.
With over 60 faculty members and 1200 students, IIM Mumbai offers specialized MBA programs in areas such as Operations, Supply Chain, Sustainability, and more, along with executive education in collaboration with IIT Delhi. Under the leadership of Prof. Manoj K. Tiwari, IIM Mumbai continues to be a hub for innovation, research, and leadership development, especially in Logistics and Supply Chain Management, with global academic collaborations and a strong student exchange network.

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