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Home > Academics > Divisions > Social Sciences > Risk Management > RM-CertificateProgram
Risk Management

Risk Management Certificate Programs
 
Enrollment is by permission of the Risk Management program director. Certain prerequisites must be met for registration. For details, please call Elvira Casper in the Risk Management Office, 718-997-5507, or send an email to elvira.casper@qc.cuny.edu.

 


 Certificate in Risk Transfer

Upon satisfactory completion of RM109, RM110, and RM113 students will obtain a certificate in Risk Transfer.
 
RM109
Risk Transfer to Financial Markets: Options, Futures and Other Derivatives
Recommended: Investment analysis
The primary emphasis of this course is on the structure, pricing, hedging, and strategies of futures and options contracts and their applications in a risk management context. The economic role of options and futures markets is examined. Specific topics include determinants of forward and futures prices, option valuation using binominal trees and Monte Carlo simulation, implied binominal trees, relation between puts and calls, uses of options in investment strategies, hedging techniques, exotic options, applications to corporate securities and other financial instruments. 42 hrs.

Fall/Spring
$1400 • 14 sessions • Georges Courtadon
 
RM110
Risk Transfer to Insurance Markets

This course examines risk transfer to insurance markets. Topics include ways that risk transfer can occur, including quota share and excess of loss agreements, catastrophe bonds, captives, reciprocals, segregated cells, and their structuring, such as retentions, limits, corridors, collateralization, reinstatement, and commutation provisions, and structured/financial insurance. Insurance products will be evaluated for their efficiency in risk transfer. The effectiveness of insurance markets relative to capital markets will be evaluated in terms of terms and conditions, pricing, and basis risk. 42 hrs.
 
Fall/Spring
$1400 • 14 sessions • Orin Linden

RM113
Applied Financial Analysis
An introduction to programming for quantitative analysis with finance applications, this course will start with a review of advanced Excel Functions. Then it will move on to VBA, including recording macros, creating and using functions in VBA, creating and using VBA Sub Procedures, incorporating user interaction, loops, and arrays, objects and add-ins. Students will work with dynamic datasets, construct Bloomberg data into Excel and use Bloomberg's function builder. Students will also cover documentation and good practices for database and model management. 42 hrs.
 
Fall/Spring​
$1400 • 14 sessions • Cara Marshall 


 Certificate in Credit Risk Management
 
Upon satisfactory completion of RM111, RM112, and RM113 students will obtain a certificate in Credit Risk Management.
 
 
RM111
Accounting for Risk Management
This course provides professional and graduate-level exposure to accounting theory as it relates to risk management. Covering the conceptual framework of accounting, the class will focus on recognition and measurement of the economic events that affect financial statements, particularly those involving a firm's risk profile and risk transfer. 42 hrs.
 

Fall/Spring

$1400 • 14 sessions • Renee Weiss

RM112
Financial Statement Analysis and Credit Risk Management
This course guides students through origination, assessment and management of credit exposures, including governance and compliance, assessment of both individual and portfolio exposures, and credit risk transfer.
Financial statements of public companies will be analyzed from the perspective of investors, management, creditors, accountants, and auditors. Financial statements and related disclosures will be analyzed to gain perspective on a company’s health. Business valuation models and techniques to develop forecasts and pro forma results will be discussed and illustrated. Ratio analysis and key performance indicators will be emphasized with a case study approach as well as alternative estimations of credit quality. Structured credit products, such as CLOs, will be covered, in addition to current credit risk transfer techniques including credit derivatives. 42 hrs.

Spring

 
$1400 • 14 sessions• Jeffrey Satenstein/Sylvain Bouteille
 
RM113
Applied Financial Analysis
An introduction to programming for quantitative analysis with finance applications, this course will start with a review of advanced Excel Functions. Then it will move on to VBA, including recording macros, creating and using functions in VBA, creating and using VBA Sub Procedures, incorporating user interaction, loops, and arrays, objects and add-ins. Students will work with dynamic datasets, construct Bloomberg data into Excel and use Bloomberg's function builder. Students will also cover documentation and good practices for database and model management. 42 hrs.
 
Fall/Spring​
$1400 • 14 sessions • Cara Marshall 

 Certificate in Quantitative Methods for Risk Management
 
Upon satisfactory completion of RM113, RM114, and RM115 students will obtain a certificate in Quantitative Methods in Risk Management.
 
RM113
Applied Financial Analysis
An introduction to programming for quantitative analysis with finance applications, this course will start with a review of advanced Excel Functions. Then it will move on to VBA, including recording macros, creating and using functions in VBA, creating and using VBA Sub Procedures, incorporating user interaction, loops, and arrays, objects and add-ins. Students will work with dynamic datasets, construct Bloomberg data into Excel and use Bloomberg's function builder. Students will also cover documentation and good practices for database and model management. 42 hrs.
 
Fall/Spring​
$1400 • 14 sessions • Cara Marshall ​
 

RM 114
Risk Measurement

This course provides an in-depth review of the fundamental of probability and statistics, followed by the measurement of various risk types. The course examines instances of market failure, the role of collateralization requirements, the impact of term, time horizon, and covariance, and extreme value theory. The course also covers probabilistic and stochastic risk modeling, calculations of value-at-risk, stress testing, and other metrics, and the limitations of each of these measures. 42 hrs.
 
Fall
$1400 • 14 sessions • Cara Marshall
 
RM 115 
Financial Econometrics

This course covers modern statistical and econometric techniques necessary for both professional and academic quantitative research in finance. Particular emphasis will be placed on measuring and analyzing the risk of holding and trading financial assets. 42 hrs.
 
Spring
$1400 • 14 sessions • Tao Wang
 
 
     



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