Learn the theories and practices that govern the complex and dynamic world of risk management in banking and financial markets.
The financial ecosystem comprising banks, financial markets, central banks, and regulators has deepened in size, sophistication, and complexity across countries over the last few decades. However, they have also been the subject of abuse and manipulation thanks to the rapid proliferation of complex financial products and a plethora of risk transfer instruments such as CDOs, CDS, etc. That, in turn, resulted in a ‘risk contagion’, which spiraled out of control and eventually resulted in the global financial crisis of 2008, a calamitous event that has forever significantly altered the banking and financial markets landscape worldwide.
What are the lessons learned from the 2008 financial crisis? What is the likelihood that the world might witness a similar crisis in the future? This Professional Certificate Program, a compendium of five courses plus a ‘certification course’, will help answer those questions through an elucidation of the theories, concepts, and practices that make up the complex and dynamic world of banking and financial markets and the plethora of risks embedded in that domain. How are those risks identified using tools such as ‘value at risk’ (VaR), ‘stress testing’, etc.? How are those risks minimized using hedging instruments such as futures, options, swaps, etc.? Can the stability of financial systems be ensured using ‘liquidity measures’ such as ‘cash reserves’ and ‘solvency measures’ such as ‘capital adequacy’?
This Program will also critically examine why those measures could not predict and contain the financial crisis of 2008 and to what extent can more recent global regulatory initiatives such as Basel-III (and Basel-IV?) guidelines ensure the future stability of banks and financial markets worldwide. Can those measures at all ‘ring-fence’ financial systems worldwide from a recurrence of the global financial meltdown, as witnessed in 2008!
This Professional Certificate Program is offered by IIM-Bangalore, one of the leading business schools in Asia, and taught by Prof. P C Narayan who has nearly four decades of experience and is well regarded in this field of study. It uses an array of spreadsheets and other interactive tools to help learners fully grasp and master the concepts, without getting too deeply entangled in the mathematical complexities of risk management.
This program is particularly well suited for risk management professionals who wish to up-skill themselves as well as those preparing for certification exams such as FRM, PRMIA, etc. who wish to understand risk management in Banking and Financial Markets in great detail.
- The average annual salary for a Risk Manager is approximately $104,386 as of May 02, 2018, with a range usually between $83,500 and -$134,000 (Source: Glassdoor.com); this could vary depending on a variety of factors.
- Career prospects for persons with professional certification in Risk Management include Risk Analyst/Manager, Credit Risk Analyst/Manager, Operations Risk Analyst/Manager, Market Risk Analyst/Manager, Foreign Exchange Risk Analyst/Manager, Treasurer, etc.
What You'll Learn
- The theories and macroeconomic structures governing banking and financial intermediation, what are the embedded risks, how are those risks managed as well as the regulatory framework and Basel guidelines that ensure the stability of banking systems worldwide.
- The structures and functioning of the various financial markets: money markets, debt market, equity stock markets, foreign exchange markets, private equity markets, mortgages markets, etc.
- The theories underlying those markets such as time value of money, bond valuation, etc., the financial instruments traded in those markets and the associated trading and settlement mechanisms; structured financial products & their role in the 2008 crisis.
- How to identify, assess and manage the various risks in those markets.
- How tools such as Value at Risk and Stress Testing are used to proactively assess risk, and derivative instruments such as futures, options, swaps are used either to hedge against or to speculate and profit from those risks.
- Critically review of the Basel guidelines: have they helped stabilize financial systems worldwide? Would they be able to avert the recurrence of a global financial crisis, as witnessed in 2008?
Learn more about Professional Certificate Programs
Created by leading companies and top universities, Professional Certificate programs are a series of in-demand courses designed to develop the critical skills needed for today’s top jobs.
Courses in this Program
- Banking & Financial Intermediation: Concepts, Risks, Capital & Regulation
- Debt & Money Markets: Concepts, Instruments, Risks, and Derivatives
- Equity Stock Markets: Concepts, Instruments, Risks, and Derivatives
- Foreign Exchange Markets: Concepts, Instruments, Risks, and Derivatives
- Special Topics in Risk Management of Banking and Financial Markets
- Risk Management in Banking and Financial Markets Professional Certificate Exam
- Average Length: 1-7 weeks per course
- Effort: 4-5 hours per week, per course
- Number Of Courses: 6 Courses in Program
- Subject: Economics & Finance, Business & Management
- Institution: Indian Institute of Management Bangalore
- Languages: English
- Video Transcripts: English, Hindi
- Price (USD): Originally $544 USD, now $489.60 USD for the entire program. You save $54.40 USD.
About the School
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