Executive Programme in Financial Risk & Investment Management from IIM Calcutta


Overview
Financial risk management is an area which gained much prominence post the recent financial crisis. The genesis of the financial crisis is the abuse of various innovative financial products. The global financial meltdown has thrown the focus on the need to create a new breed of finance experts, who are adept at creating and managing the risks of innovative financial products such as derivatives. The recent financial crisis is largely the result of managers not being able to completely understand and manage operational risks of the new generation of derivatives. It is believed that future finance managers must be fully equipped with the mathematical and conceptual theories and best practices that go into the creation and management of such innovative products. The need for sophisticated financial markets specialists is felt not only for intermediaries like banking, investment banking, insurance industries but also service providers of these financial intermediaries like software and BPO industries. This Program aims to develop cutting-edge knowledge and skills expected by the intermediaries and service providers of intermediaries.

This program:
  • Prepares the students to acquire basic financial mathematics skills ;
  • Helps students understand and practice principles of risk management from a regulatory compliance and from the investment perspectives.
  • Sensitizes participants to the principles of financial risk management from an enterprise perspective.
  • Lays special emphasis on model building and computational methods in finance
  • Students completing the Executive Programme in Financial Risk and Investment Management will be well positioned to take up jobs in the Banking Finance Insurance Services (BFIS) sector of the industry for the following reasons:
  • The sustained and substantial upheaval in the financial markets is having a profound effect on the skilled manpower requirement in the finance industry and quantitative investment analysis is becoming equally an art and a science.
  • Major financial regulators of banks, insurance business and pension (provident) funds are imposing model based risk control compliance requirements on these industries.

Hence the demand for skilled manpower in these sectors is outstripping supply. Skilled quantitative analysts are highly sought after even outstripping the requirements of IT specialists in the middle to late nineties of the last century.

Program USP:
  • Premier and successful Financial Risk and Investment Management Program from IIMC – India’s foremost business school
  • Revised and updated course content and coverage
  • Books, Cases and Study Materials included in the Course
  • A dynamic team of program directors, each from a core business area, to build in more rigor & quality into the program Specially selected core faculty
  • Quality interactions and increased peer group learning
  • Specifically designed for working executives with all the flexibility benefits of Interactive Onsite Learning.
  • Participants selected, based on elaborate selection process and profiling.
  • Alumni Status from IIMC
  • Prominent alumni base from last batch have been largely benefited from this program . Several participants have advanced their careers within and outside their organizations.

Programme Benefits:
  • Identify, measure and analyze investment risks associated with interest rates, currency exchange and equity markets.
  • Acquire techniques to manage and control risk through the use of over-the-counter and exchange traded derivatives.
  • Consult with specialists in derivatives trading and risk management

Eligibility:

  • Applicants should be working professionals/self-employed (Need to produce supporting proof)
  • Graduates (10+2+3) in any discipline with min. 50% marks [aggregate- considering results of all years (e.g. 3 or 4 together)] recognized by UGC/AICTE.
  • Minimum 2 years of work experience in relevant field (full-time paid employment post completion of graduation as on Application Closure Date)
  • Desired Proficiencies in the Candidate (in addition to the Eligibility Criteria) – Proficiency in English since it would be the medium of instruction.
  • Basic numerical ability and mathematical skills - including Algebra (e.g. Equation of Straight Line), Basic Differential & Integral Calculus and Ability to Interpret Graphs.
  • Ability to reason logically
  • General awareness – including knowledge of Industry

Selection Procedure:
Selection will be on basis of SOP and credentials of the candidate.

Course Content:
Course Title: Basic Mathematics(18 Hours)
  • I Set Theory Sets, Subsets, Set Operations, Disjoint Sets, Products of Sets
  • Linear Algebra
  • Vectors and vector spaces,
  • Matrices, Linear transforms
  • Systems of linear Equations
  • Real Symmetric matrices, Cholesky factorization.
  • Functions and Sequences
  • Injections, Surjections, Bijections,
  • Sequences,
  • Countability,
  • functions on the Real Line
  • Limits and Convergence of Sequences,
  • Series-Ratio Test,
  • Root Test,
  • Power Series,
  • Absolute Convergence
  • Differential and Integral calculus basic
Course Title: Statistics and Probability (21 Hours )
  • Introduction to Statistics (3 hrs)
  • Probability Concepts (4 hrs)
  • Properties of Random Variables (3 hrs)
  • Probability Distributions and Their Application (6 hrs)
  • Correlation and Regression (5 hrs)
Course Title: Financial Econometrics – 18 Hours
  • Multivariate regression (3 hours
  • Logit and Probit Models (3 hours)
  • Concepts of Stochastic Processes and Time Series Analysis (3 hrs)
  • Introduction to Time Series Modeling & Steps in Time Series Modeling (3 hrs)
  • Autoregressive Processes and ARMA Model (3 hrs)
  • GARCH Model (3 hrs)
Course Title: Corporate Finance – 21 hours
  • Corporate Finance (21 hrs)
Course Title: Investment Management – 21 hours
  • Introduction to portfolio theory (2 hrs)
  • Portfolio Planning (6 hrs)
  • Portfolio Construction (4 hrs)
  • Evaluation of Portfolio (5 hrs)
  • Trading Strategies (4 hrs)
Course Title: Financial Institutions and Markets -15 Hours
  • Various financial institutions and their activities
  • Money market
  • Bond market
  • Equity market
  • Market microstructure
  • Efficiency hypothesis in capital market
  • Stylized facts about the markets
Course Title: Financial Modelling – 18 hours
  • Introduction to Financial Modelling
  • Computing Tools used in Modelling
  • Modelling Applications in Equity & Portfolio
  • Modelling Applications in Derivatives
  • Modelling Applications in Fixed Income
  • Modelling Applications in Valuations
Course Title: Options, Futures and Other Derivatives – 21 hours
  • Options
  • Interest Rate Derivatives
  • Futures and Other Derivatives
  • Commodity Derivatives
Course Title Risk Management in Banks and Financial Institutions – 18 hours
  • Credit analysis
  • Asset-based lending
  • Credit Rating Agencies
  • Credit risk models
  • Testing and implementing credit risk models
  • Default rates, losses, recoveries
  • Credit Derivatives
  • Asset Liability Management
  • VAR and Cash Coherent Measures of Risks
Course Title: Accounting and Taxation for Financial Instruments – 15 hours
  • Accounting and Disclosure regulations under FASB, IAS and AS
  • Accounting for Equity derivatives
  • Accounting for interest rate swaps and interest rate futures and options
  • Accounting for currency derivatives
  • Accounting for structured products
  • Tax Treatment on Derivative Instruments
Course Title: Corporate Governance, Regulations and Operational Risk – 12 hours
  • Overview and need for regulatory regime
  • Regulations in the finance sector
  • Regulations for corporate governance and SOX
  • Indian corporate regulation by SEBI
  • Operational Risks and Mitigation
Course Title : Fixed Income Markets – 18 hours
  • Term structure of interest rate
  • Fixed income valuation
  • Fixed income market risk analysis
  • Repo market
  • Fixed income derivatives
  • Asset backed/mortgaged backed securitization
  • Benchmark rates and indices

Pedagogy
The pedagogy will be highly interactive. It will leverage use of technology. It will consist of a judicious blend of lectures, real life case studies, quizzes and assignments.

Faculty
The IIMC faculty includes a blend of academic excellence and Top management industry experience. IIMC also engages international faculty from top B-schools.

Study Materials
Standard course books and Cases will be provided by IIMC

Campus Visit
Duration: 6 days

Assessment & Evaluation
Assessments: Written Test, Assignments, Project & Online Examinations
Evaluation: An examination will be held for every course. To complete the program successfully participants will need to pass in all subjects (including projects) and acquire a minimum of “average” grade (out of four grades, namely, “Excellent”, “Good”, “Average” and “Poor”). Candidates successfully completing the program will get a completion certificate and grade sheet from IIMC.
Certification: IIM Calcutta shall carry out the examination and evaluation required for certification. IIM Calcutta will directly award a certificate to participants who complete the programme successfully. Giving feedback is an integral part of the completion requirements of the programme.

Possible career options
  • IIMC certification and Alumni network enables participants for a better career
  • Management Positions in IT/ITES & other segments
  • Programme is strictly for working professional and no campus placement will be provided after this course

Programme Class Schedule
Monday and Tuesday from 6:45pm to 9:45pm

Fees:
With application:
Application fees: INR 2000/-
After selection:
Programme fees: INR 190,400 + INR 23,534 service tax (12.36%)
Registration fees: INR 4,760 + INR 588 Service tax (12.36%)
Campus fees*: INR 15,000 + INR 1,854 service tax (12.36%)
Lab fees*: INR 20,000 + INR 2,472 service tax (12.36%)
Total Fees: INR 258,608 (all inclusive) 
  • First installment: INR 95,236 -- To be paid immediately after selection
  • Second installment: INR 73,034 -- To be paid in October 2013
  • Third installment: INR 51,012 -- To be paid in Feb 2014
(*Campus fees and Lab fees are to be paid to IIMC before campus classes and not included in installments)


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Info Onyx,
Mar 1, 2013, 6:52 AM