Beruflich Dokumente
Kultur Dokumente
CERTIFICATE IN
FINANCIAL RISK ANALYTICS
FACT 2
40%
FACT 4
$30
Billion
DIRECTORS MESSAGE
Great Lakes has been a pioneer in high quality analytics education in India with our executive
program in Business Analytics being consistently ranked as the best in the country. Having
delivered over 250,000+ hours of analytics learning content to working professionals in India and
abroad, we have collaborated with the industry to develop a dedicated analytics program in
Financial and Risk analytics - CFRA.
CFRA has been designed as a specialized program catering to the Analytics industry need of more
- trained talent in financial and risk analytics. If you take a quick glance of all the analytics profile
the industry is seeking, finance and risk analytics tops the list by far. The industry needs analytics
professionals who have the analytical ability to identify, measure and mitigate financial risks
within the overall regulatory framework. This would mean a program that blends the market risk,
the credit risk as well as the operational risk within the overall Basel guidelines.
PROGRAM BENEFITS
Innovative Pedagogy
The program creates a blended learning environment that causes minimal
disruption to work schedule. The weekend classroom sessions are followed up
by online learning that keep your learning continuous,self-paced and cumulative.
Hands On Exposure
An integral part of the learning experience is the use of Analytics tools wherein
the candidates get hands-on exposure to R.
Corporate Partners
The program is designed, delivered and endorsed by leading analytical,
banking and consulting organizations. Our corporate partners are involved
in curriculum design, facilitating projects, industry lectures and also
suggesting pedagogical improvements.
International Collaboration
The program is internationally recognized and is a dual certificate program.
The participants will get certification from Illinois Institute of Technology, Chicago
(USA) in addition to the certificate from Great Lakes Institute of Management.
PROGRAM PEDAGOGY
Classroom Learning
The program consists of 100 hours of classroom sessions delivered by Great
Lakes faculty and industry professionals from the field of Financial Risk
Analytics. This ensures that the program imbibes Great Lakes academic excellence
and Industrys business relevance, thereby providing the candidates with a
remarkable learning experience.
Experiential Learning
This program is designed to transform candidates into highly skilled and
industry-ready risk analytics professionals, through hands on experiential learning
on relevant tools. This is achieved through an experiential learning format wherein
participants practice exercises and assignments on software packages such as R.
Program Format
The program duration is 6 months and is a combination of weekend classroom
sessions, online lectures and recorded videos / pre-reads. The program covers
160 hours of learning comprising 100 hours of classroom learning and 60 hours of
online learning. The calendar is designed such that most classes are conducted
on weekends and public holidays, thereby causing minimal disruption to the
work schedule.
PROGRAM CURRICULUM
The curriculum of the program is designed to expose the candidates to
foundations of financial risk and train them on analytics metrics, techniques
and models used by banking and financial institutions worldwide. The curriculum entails exhaustive
coverage of academic concepts blended with rich industry exposure and hands-on training to
ensure that the candidates graduating from CFRA program are industry ready.
In terms of program objectives, the curriculum is designed to deliver the following:
The curriculum of the program is split into seven modules, each of which is further divided
into subsequent courses. The rst and the second module of the program will focus on
building the foundations in statistics and understanding financial risk.
MODULE 1
PRIMER IN STATISTICS
Courses
Coverage
Probability Theory
Discrete Distributions
Continuous Distributions
Moment Generating Functions
Test of Mean
Test of Variance
ANOVA
Regression Analysis
MODULE 2
Coverage
Optimization Techniques
Linear Optimization
Non Linear Optimization
In the third and fourth module the participants will be taken through a deep dive in equities,
fixed income instruments and derivatives.
MODULE 3
Coverage
Equities
Stocks
Markowitcz Portfolio Theory
CAPM, SML and CML
MODULE 4
DERIVATIVES VALUATION
Courses
Coverage
Simple Options
Simulations
Option Surfaces
Greeks
Volatility Estimates
Portfolio Volatility
The fifth and the sixth module of the curriculum focuses on application and calculation
of various risk models and metrics in market risk, credit risk and fraud risk.
MODULE 5
MARKET RISK
Courses
Coverage
MODULE 6
CREDIT RISK
Courses
Coverage
Credit Metrics
Transition Matrix
Correlated Loss events
Fraud Risk
In the concluding module of the program, the candidates get trained on Basel Norms and
Implementation, which are required by the industry.
MODULE 7
BESEL IMPLEMENTATION
Courses
Coverage
Tools Covered:
Candidates will be learning and using R as the programming language
for working on analytical models covered in the curriculum.
Experiential learning:
Learning through application of concepts through industry relevant
data sets and case studies.
A distinguishing feature of the pedagogy is the invaluable insights and exposure that
participants get from leading practitioners and senior industry executives. Organizations
from which experts have contributed to our lectures, projects and case studies include:
FACULTY
ADMISSION DETAILS
Who is it for?
Great Lakes CFRA program is ideal for candidates who wish to excel in the domain of
risk analytics. Candidates should have a minimum of 2 years of experience while
applying to the program. While a prior work experience in banking, finance or consulting
is an advantage, candidates from other industries (such as IT/ITES) serving financial
clients are also a good fit.
Fees
The fee for the program is Rs. 3,00,000/- exclusive of service tax
and includes the following:
Admission Fee
Tuition Fee
Learning Material
Access to Learning Management System (LMS)
Lunch and snacks during days of classes
Admission Process
1
Candidates interested in the program would need to first fill the online
application form.
2
3
4
PROGRAM PARTNERS
Academic Partner
Great Lakes is one of Indias leading business schools with campuses in Chennai and Gurgaon.
Led by exceptional faculty, steered by an outstanding advisory council, Great Lakes has been
ranked within top 10 business schools by Outlook, Business Today and Business India.
As Chicagos only business school within a technological university, the Illinois Institute
of Technology offers bachelors, masters, doctoral, and non-degree programs, as well as
graduate certificate programs, dual-degree programs, and several interdisciplinary
specializations.
Technology Partner
Great Learning is a technology enabled learning services platform that offers a variety of online
and blended learning programs in partnership with Great Lakes Institute of Management, one
of Indias leading business schools. It undertakes all operations and technology related
aspects of these programs and has developed technology solutions to ensure high quality
learning outcomes to learners across India and abroad.
E: cfra@greatlearning.in
W: www.greatlearning.in/cfra