CERTIFICATES IN FINANCIAL RISK MANAGEMENT

NYU-SCPS offers three professional certificate programs in financial risk management to meet the needs of students who are new to the field, as well as professionals who wish to advance their expertise in a particular area of specialization. These certificates cover the measurement and management of financial risk, as well as the nature and operation of markets in futures, options, swaps, and other derivative instruments, which serve both as hedges against risk and as sources of potential profit. The Certificate in Financial Risk Management is a foundation-focused program emphasizing core skills and competencies, which can be completed in nine months. The Advanced Certificates in Financial Risk Management build on the core certificate with specializations in either Banking and Financial Services or Industry and Service Companies.

Upon completion, all certificate students have covered:

• Strategies and principles of financial risk management.
• Measurement techniques necessary to manage and measure financial risk.
• Structuring of limits to control risk taking.
• Mathematical models and how they contribute to risk control, including value at risk (VaR).
• Structure of various derivatives markets (e.g., options, futures, swaps).
• Pricing and valuation techniques for derivatives instruments.

The Certificate in Financial Risk Management is awarded to students who have successfully completed the five core courses. The Advanced Certificates in Financial Risk Management require completion of the five core courses.

NOTE: This certificate has been restructured.Students who began this certificateprior to spring 2010 have four years to completetheir certificate according to the requirementsin the NYU-SCPS Bulletin thesemester they began. For more information,call (212) 998-7200.

Certificate Builder

COURSE CHECK LIST			COURSE NO.	PRICE
Certificate in Financial Risk Management, Core Courses (5 of these courses are required)
	Core Concepts in Asset Securitization Examine the core principles of securitization in this in-depth review of common structured finance asset classes. Learn how securitization differs from other funding methods (such... (click on course name to read more)		X51.9162	$750
	Intermediate Financial Risk Management This course builds upon students' basic knowledge of risk management tools and techniques and explores more complex issues in financial risk management including credit risk,... (click on course name to read more)		X51.9201	$750
	Fundamentals of Financial Risk Management Examine why understanding, measuring, and managing risk are critical considerations in the financial services industry. Get an overview of financial risk management and its importance... (click on course name to read more)		X51.9208	$750
	Credit Risk Models: Theory and Applications In this course designed for industry practitioners, students examine techniques to manage, measure, and control credit risks inherent in loans, bonds, and derivative products. Review... (click on course name to read more)		X51.9214	$750
	Interest Rate Swaps Examine interest rate swaps and their importance in today's capital markets. Discuss swaps within the following contexts: why firms use them, types of swaps, advantages... (click on course name to read more)		X51.9240	$750
Advanced Certificate in Financial Risk Management, Banking and Financial Services Specialization (choose three) (3 of these courses are required)
	Fixed Income Portfolio Management Develop an understanding of the theories and quantitative methods of portfolio optimization, forecasting, and risk management. It covers market inefficiency and how it can be... (click on course name to read more)		X51.9015	$750
	The Options Market and Trading Strategies Find out how put-and-call equity and index options can potentially offer a large profit on a small amount of capital while allowing conservative investors to... (click on course name to read more)		X51.9120	$750
	Applied Technical Analysis Learn to recognize essential chart formations and determine how to identify and apply the appropriate techniques in this introduction to the use of basic charting... (click on course name to read more)		X51.9125	$750
	CDO Basics		X51.9133	*
	Understanding Structured Finance Explore the contractual and financial elements of risk and structure in structured transactions. Case studies focus on securitizations. Applications of analytical methods to project financing... (click on course name to read more)		X51.9155	$825
	Structured Finance II		X51.9156	*
	Introduction to Hedge Funds Learn the essentials of this rapidly growing industry. Gain an understanding of different hedge fund strategies, discover why hedge funds have become so popular, and... (click on course name to read more)		X51.9203	$425
	Hedge Fund Strategies Explore the investment strategies and techniques used by hedge fund managers in the areas of bonds, stocks, fixed assets, currency, options and commodities. Different strategies... (click on course name to read more)		X51.9209	$845
	Using the Yield Curve Examine the factors that create risk and provide return in fixed-income markets. Review the basics of money markets and the role of the Fed in... (click on course name to read more)		X51.9211	$750
	The Future of Credit Derivatives and Credit Trading Products Examine the most current credit derivative products and strategies, and analyze them from an earnings, capital, and risk-management perspective. Look at total return swaps, credit... (click on course name to read more)		X51.9213	$750
	Derivatives Documentation Learn to prepare legal documents for, and draft the three major components of, derivatives documentation. Review the various legal and regulatory influences on derivatives, as... (click on course name to read more)		X51.9215	$795
	Fundamentals of Enterprise Risk Management Explore how credit, market, and operational risk metrics evolve to achieve optimal Enterprise Risk Management (ERM) results. ERM aims at measuring and managing credit, market,... (click on course name to read more)		X51.9232	$750
	Financial Futures and Options in Risk Management This risk management approach to the fundamentals and trading aspects of financial futures and options markets is designed for bankers, treasury professionals, and traders. Topics... (click on course name to read more)		X51.9235	$750
	Legal, Regulatory, and Due Diligence Requirements for Hedge Funds and Alternative Investments Establish a solid legal and regulatory foundation for the formation, issuance, sale, and marketing of hedge funds, investments, and more. Topics include an overview of... (click on course name to read more)		X51.9236	$395
	Equity Derivatives Gain an understanding of equity derivative instruments, their structure, and the complex global markets in which they trade. Examine other important components of the capital... (click on course name to read more)		X51.9245	$750
	Pricing Options Explore the intuition behind pricing of derivatives (options, forwards, swaps, and exotics) both for equities and fixed income. At the end of this advanced-level course,... (click on course name to read more)		X51.9246	$750
	What is that Derivative Really Worth?		X51.9247	*
	Basics of Centrally Cleared Derivatives Explore the fundamentals of credit derivatives, rules governing margin requirements, risk assessments of reference entities, risk assessments of CDS sellers, standardization of CDS contracts, counter-party... (click on course name to read more)		X51.9248	$495
	Derivatives Modeling Using VBA Get an intensive introduction to the mathematical modeling of derivative securities with a focus on developing algorithms for option pricing models. The Visual Basic for... (click on course name to read more)		X51.9249	$795
	Pricing Interest Rate Swaps and Their Derivatives This course is a practical introduction to the valuation methods for pricing interest-rate swaps and their derivatives. At the end of the course, the student... (click on course name to read more)		X51.9250	$750
	Impacts of the Financial Crisis on Today's Business Market Analyze the lasting effects of the protracted global financial crisis on the business and financial markets. Topics include the impending changes in the regulatory environment... (click on course name to read more)		X51.9644	$750
	2010 and Beyond: Potential Regulatory Impact on Financial Markets Recent shifts in the global financial system underscore the fact that further changes are imminent during the next decade. Examine the scope of impending changes... (click on course name to read more)		X51.9672	$395
	FRM(R) Exam Review Course Prepare for the Financial Risk Manager (FRM) Exam administered by the Global Association of Risk Professionals (GARP) each November. FRM is considered the gold standard... (click on course name to read more)		X51.9700	$5,970
	Broker-Dealer Operations and Compliance Gain an essential understanding of the broker-dealer relationship with respect to the clearance and settlement of securities and various other broker-dealer operations, including net capital,... (click on course name to read more)		X51.9863	$450
Advanced Certificate in Financial Risk Management, Industry and Service Companies specialization (Choose three) (3 of these courses are required)
	Understanding Structured Finance Explore the contractual and financial elements of risk and structure in structured transactions. Case studies focus on securitizations. Applications of analytical methods to project financing... (click on course name to read more)		X51.9155	$825
	Introduction to Hedge Funds Learn the essentials of this rapidly growing industry. Gain an understanding of different hedge fund strategies, discover why hedge funds have become so popular, and... (click on course name to read more)		X51.9203	$425
	Using the Yield Curve Examine the factors that create risk and provide return in fixed-income markets. Review the basics of money markets and the role of the Fed in... (click on course name to read more)		X51.9211	$750
	The Future of Credit Derivatives and Credit Trading Products Examine the most current credit derivative products and strategies, and analyze them from an earnings, capital, and risk-management perspective. Look at total return swaps, credit... (click on course name to read more)		X51.9213	$750
	Insurance and Risk Management		X51.9231	*
	Financial Futures and Options in Risk Management This risk management approach to the fundamentals and trading aspects of financial futures and options markets is designed for bankers, treasury professionals, and traders. Topics... (click on course name to read more)		X51.9235	$750
	Pricing Options Explore the intuition behind pricing of derivatives (options, forwards, swaps, and exotics) both for equities and fixed income. At the end of this advanced-level course,... (click on course name to read more)		X51.9246	$750
	What is that Derivative Really Worth?		X51.9247	*
	Pricing Interest Rate Swaps and Their Derivatives This course is a practical introduction to the valuation methods for pricing interest-rate swaps and their derivatives. At the end of the course, the student... (click on course name to read more)		X51.9250	$750
	Understanding the Financial Crisis Examine the causes of the 2008 financial crisis and the immediate effect of the crisis on the financial system. Explore the likely consequences of the... (click on course name to read more)		X51.9632	$795

*Courses not available in current semester.

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