Programs in Finance

CERTIFICATE 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, and swaps).
• Pricing and valuation techniques for derivatives instruments.

The fundamentals certificate is awarded to individuals who complete five courses. An advanced certificate is earned by taking three courses in the area of specialization in addition to the five courses required for the fundamental certificate. Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both a fundamental and advanced certificate. Students should declare their candidacy by the start of the fourth certificate course for which they enroll.

Students with minimal experience or no formal training are advised to take Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 either simultaneously or in advance of taking the first course in this program.

Certificate Builder

COURSE CHECK LIST			COURSE NO.	PRICE
Certificate in Financial Risk Management (5 of these courses are required)
	Fundamentals of Financial Risk Management Get an overview of financial risk management and its importance in today's global marketplace. Examine why understanding, measuring, and managing risk are critical considerations in... (click on course name to read more)		FINA1-CE9208	$805
	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 as... (click on course name to read more)		FINA1-CE9162	$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)		FINA1-CE9240	$750
	Intermediate Financial Risk Management Build on basic knowledge of risk management tools and techniques to explore more complex issues in financial risk management including credit risk, derivatives, hedging techniques,... (click on course name to read more)		FINA1-CE9201	$750
	Advanced Financial Risk Management Build upon the knowledge and skills gained in Intermediate Financial Risk Management through a comprehensive examination of interest rate risk, commodity and futures risk, credit... (click on course name to read more)		FINA1-CE9723	$750
Advanced Certificate in Financial Risk Management, Banking and Financial Services (3 of these courses are required)
	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)		FINA1-CE9125	$750
	Basics of Centrally Cleared Derivatives Challenging financial markets inspired elected representatives, public officials, and many financial institutions to cooperate to establish a central clearinghouse for financial derivatives in general and... (click on course name to read more)		FINA1-CE9248	$495
	Credit Risk Models: Theory and Applications Examine techniques to manage, measure, and control credit risks inherent in loans, bonds, and derivative products. Review mathematical models and methodologies widely used in the... (click on course name to read more)		FINA1-CE9214	$750
	Derivatives Documentation Learn to prepare and draft the three major components of legal documents used for derivatives documentation. Review the various legal and regulatory influences on derivatives... (click on course name to read more)		FINA1-CE9215	$795
	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)		FINA1-CE9249	$795
	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)		FINA1-CE9245	$750
	Fixed Income Portfolio Management Develop an understanding of the theories and quantitative methods of portfolio optimization, forecasting, and risk management. This course covers market inefficiency and how such inefficiency... (click on course name to read more)		FINA1-CE9015	$750
	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)		FINA1-CE9700	$4,950
	FRM EXAM Level I Review Level I topics of study focus on the items determined by the most recently published GARP(TM) AIMS for candidates preparing to sit for the Level... (click on course name to read more)		FINA1-CE9698	$1,495
	FRM Exam Level II Review Gain a comprehensive understanding of the recent GARP(TM) AIMS document for Level II of the FRM® Exam, and study material from the following modules: Market... (click on course name to read more)		FINA1-CE9793	$1,195
	Hedge Fund Operation Risk and Due Diligence Establish a solid understanding of the essential techniques required to perform legal, regulatory, back office investment, and operational due diligence on hedge funds and other... (click on course name to read more)		FINA1-CE9237	$795
	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. Study different... (click on course name to read more)		FINA1-CE9209	$845
	Introduction to Hedge Funds Learn the essentials of the exciting and fast paced industry. Gain an understanding of different hedge fund strategies, discover why hedge funds have become so... (click on course name to read more)		FINA1-CE9203	$425
	Measuring and Managing Operational Risk Under Basel II		FINA1-CE9016	*
	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)		FINA1-CE9120	$750
	Treasury Bond Basis: Trading, Hedging, Modeling		FINA1-CE9373	*
	Volatility Modeling		FINA1-CE9252	*
	Demystifying Derivatives This nontechnical course examines the key concepts and principles of futures, forwards, swaps, and options. The course includes pricing theory, practical examples and exercises for... (click on course name to read more)		FINA1-CE9227	$550
Advanced Certificate in Financial Risk Management, Industry and Service Companies (3 of these courses are required)
	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)		FINA1-CE9235	$750
	Introduction to Hedge Funds Learn the essentials of the exciting and fast paced industry. Gain an understanding of different hedge fund strategies, discover why hedge funds have become so... (click on course name to read more)		FINA1-CE9203	$425
	Pricing Interest Rate Swaps and Their Derivatives Gain a practical introduction to the valuation methods for pricing interest-rate swaps and their derivatives. Confidently price and hedge interest-rate swaps, caps, floors, swaptions, and... (click on course name to read more)		FINA1-CE9250	$750
	Pricing Options and Exotics Explore the intuition behind the pricing of derivatives (options, forwards, swaps, and exotics) both for equities and fixed income. By the end of this advanced-level... (click on course name to read more)		FINA1-CE9246	$750
	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)		FINA1-CE9211	$750
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