Certificate Programme in Applied Financial Risk Management (CPAFRM Batch 03)

Associate for Technical and Student Support:

Times Professional Learning, A Division of Bennett, Coleman & Co. Ltd.

Programme Overview

As the finance industry becomes more challenging and competitive, the executives that succeed are the ones who can exhibit their capabilities to contribute to the growth of the organization. An in-depth knowledge in the field of risk management empowers you to boost your skills and knowledge to the world’s leading financial institutions. This course is designed to introduce you to the foundational concepts as well as the most recent risk identifications, management techniques and tools. By applying a more coherent approach, this course focuses on application of risk management practices in various financial markets. This course will help you

Acquire skills in making investment decisions in the financial market in the short- and long-term perspective.
Critically analyze, interpret information from financial markets, economic calculations
Devise risk management measures within the selected strategies and evaluate their effectiveness, given the costs of implementation

Programme USP

Contextually designed for working executives.
Programme faculty team includes the best of the domain experts.
Focus on real business use cases.

Programme Contents

Overview of Risk Management The Philosophy of Risk: Understanding the contours of Uncertainty, Risk and Complexity Approaches towards Risk Management: Theory and Practice Risk management framework for Financial Institutes: The philosophy and contours of Basel Framework and beyond Enterprise Risk Management: A holistic risk management framework for the non-financial firms Complexity science and the emergence of a new paradigm of risk management
Quantitative Analysis for Risk Management (Statistics Probability distributions Sample and population statistics Statistical inference and hypothesis testing Measure of dependence (correlations) Linear single and multiple regressions Time series analysis and forecasting
An Introduction to R and Python for Application of quantitative analysis using R and Python
Machine Learning using Python Application of Machine Learning for Risk Management
An Overview of Financial Institutions and Markets Structure and functions of Financial Institutions Financial statement analysis and Bank valuation Understanding risk in the financial institutions Risk in the equity and bond markets
Options, Futures, and Other Derivatives Futures and hedging strategies Options and hedging strategies Interest rate futures and hedging strategies Options Greek
Fixed Income Securities Valuing a Fixed Income Security: The relationship between the interest rate and the price of a debt asset Understanding and predicting the yield curve The fixed income portfolio strategies and the interest rate: sources of interest rate risk affecting the fixed income portfolio Duration, Convexity and single factor risk management Immunization and other passive portfolio management strategies Using Market based risk hedging: Interest Rate Futures and Interest Rate Swaps
Financial Decisions using Simulation Introduction to simulation in financial decisions Analyzing NPV under uncertainty Cash balance analysis and Investment Modelling Revenue management using simulation
Analytics for Financial Risk Management using R Short-and Long-run relationship and their assessment Assessment of volatility model Analysis of Value-at-Risk and Expected Shortfall Portfolio Management
Credit Risk Measurement and Management The nature of Credit Risk: the challenges and peculiarity of managing credit risk Credit Default Swap Asset Backed Securities Structural models for credit risk (Merton, KMV) LGD Estimations: LGD model and its applications Exposure of Default-EADF modelling
Liquidity Risk Management Liquidity risk, principles, and metrics Liquidity adjusted Value-at-Risk under normal and stressed market Cash flow modelling, liquidity stress testing

Pedagogy

The pedagogy will be a judicious mix of lectures, case discussions, project work, term papers, and assignments etc.

Assessment

Performance of participants will be monitored on a continuous evaluation basis through quizzes, assignments, tests and examinations. The participant is required to score minimum marks/grades as decided by the Institute from time to time to complete the course.

Certification

Successful Completion Certificate by IIM Indore in a valedictory ceremony to be held on the campus.

Eligibility Criteria

Diploma (10+2+3) or Bachelor’s Degree or equivalent (10+2+3) or 10+2+4) or 2 years Master’s Degree or equivalent from a recognised university (UGC/AICTE/DEC/AIU/State Government) in any discipline with minimum 50% aggregate marks of all the years
Minimum 2 years of work experience is required post completion of qualifying education

Duration & Number of Session Hours

Duration: 11 Months

Number of Hours: Approx. 107

Number of Sessions (75 Minutes each): 86

Online: 74 sessions

On-campus module of 3 days duration: 12 sessions

One or two sessions from some of the courses will become part of the on-campus orientation module. In case the on-campus module is not conducted due to Covid situation, the same will be included in the total number of sessions.

*The programme duration may be slightly extended due to the issues like faculty unavailability and gazetted holidays on the session days.

How the Courses will be Delivered:

Courses will be delivered through online mode using an appropriate technology Synchronized platform. Lectures will be delivered through broadband-based technology involving two-way audio and video communication. Sessions will be held once a week, generally on weekends. Participants can attend sessions directly from their desktop/laptop (Direct-2-device). Participants will be provided reading materials etc., for each course. They may also interact with the concerned faculty through email/ chat mode.

The academic sessions will start from March 2024. Sessions will be held every Sunday.

The normal timing of the sessions will be as follows:

Sunday, First session: 3:00 PM to 4:15 PM (IST)

Sunday, Second session: 4:30 PM to 5:45 PM (IST)

Wednesday, Third session: 8:00 PM– 9:15 PM (IST) (Optional)

The time gap between two consecutive sessions is to give the participants a break. On some days, the classes may extend beyond the mentioned time. In addition to attending interactive sessions, participants have to undertake online quizzes, assignments and examinations.

Programme Activity Timelines

Application Closure Date	March, 2024
Programme Start Date	March, 2024
Tentative Programme End Date	January 2025

Total Fees and Payment Schedule*

Particulars	Amount INR
Registration Fee/Application Fee	10,000
1st Instalment payable at the time of admission (excluding GST)	60,000
2^nd Instalment – 10^th June 2024 (excluding GST)	60,000
3^rd Instalment – 10^th September 2024 (excluding GST)	60,000
4^th Instalment – 10^th December 2024 (excluding GST)	54,200
Total Fee (exclusive of bank charges of INR 4,200 & GST)	2,40,000
Overall Fees (including GST @ 18% and Bank Charges of INR 4,200)	2,87,400

* In case of participants paying fees via NEFT, RTGS, IMPS, Cheque, DD will get a waiver of 1.5% (upto INR 4,200 /-) on the Overall fees of INR 2,87,400/-.

* In case a participant profile is rejected by the Institute, INR 7,500/- (Bank Charges of INR 4,200/- only for applicable cases) is refunded to the participant and INR 2,500/- of the application fee is non-refundable.

*Exact Dates will be notified later.

Student Privileges

The participants who will complete the programme successfully will be eligible for the Executive Education Alumni status of IIM Indore. They will require to apply separately along with the necessary fee to register their name. Current alumni membership plans are as follows:

2-year membership – INR 1000/- + applicable taxes,
Lifetime membership – INR 10,000/- + applicable taxes,

Benefits available to Executive Education Alumni:

1) Communication of brochures and newsletters from IIM Indore,

2) Access to the IIM Indore Campus Library (onsite access only),

3) Official email ID of the institute.

Mere successful completion of the programme, application submission, and fee does not entitle a participant to be eligible for executive education alumni status. IIM Indore reserves the right to confer or withhold executive education alumni status.

IIM Indore reserves the right to modify the above conditions at its discretion at any time without notice.

Only the courts at Indore, India will have the territorial jurisdiction to try any disputes arising in respect of the Executive Alumni membership being granted.

Apply Now: https://timestsw.secure.force.com/applyProgram/?programId=a065j00000EJBBdAAP

For more details contact: olpoffice@iimidr.ac.in

Tel.: 0731-2439739 / 0731-2439676

Please note that IIM Indore reserves the right to change the programme design, format, number of sessions, certificate format, terms in the programme or can incorporate any such change deemed necessary by the institute without prior intimation.

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Certificate Programme in Applied Financial Risk Management (CPAFRM Batch 03)