Choose the Complete Course (all eight modules) or individual groups that best fit your demands. Click on the title of the session for individual module fees, module outlines and registration.
Delegates who participate in the Complete Course and pass a final examination will be awarded a certificate from Columbia Business School and PRMIA. Please see FAQs below regarding any questions pertaining to the final exam.
What You Will Learn
The essential foundations of risk measurement
Portfolio analytics and portfolio theory
Term structure of interest rates
How to price a bond
Pricing futures, forwards, options and swaps
Essentials of credit derivatives
Overview of OTC and exchange-traded markets
Risk Measures in fixed income and portfolios
Value at Risk Techniques - Analytic, Historical and Monte Carlo
Stress testing and backtesting techniques
Credit analysis, credit scoring and internal models
An overview of poular public credit risk models
Current best practices in Operational Risk
Capital allocation - regulatory and economic
Introduction to RAROC and RAPM
Current governance best practices
What went wrong in famous case studies and how to avoid repeating the mistakes
Who Should Attend
This program is designed to develop the knowledge and understanding of risk management practices in those advancing their careers in financial risk management. The foundations apply across all sectors: banking, insurance, asset management, hedge funds, energy, securities, regulation/supervision and more . . .
Chief Risk Officers and heads of risk management can use this program to develop the talents of their key staff members.
Market, Credit or Operational risk specialists can use this program to expand their knowledge of other approaches to understanding risk.
Regulators, auditors and supervisors can use this program to increase their expertise in validation of advance risk management infrastructures.
IT personnel can use this program to improve the effectiveness of their work in building the risk management architecture of their organizations.
Financial engineers can use this program to enhance the application of their technical skills to the broader organization.
Course Extras
Each delegate will receive a digital version of the Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. The Professional Risk Managers' Handbook is used in more than 105 countries, at 23 of the world's largest banks and at all ten of the world's largest financial institutions. It also serves as the foundation of graduate level programs in risk management. This digital material will be accessed via the PRMIA website. PRMIA membership is required.
Supplemental classroom notes will also be provided.
A light meal is offered each week prior to class start time.
CONTACT: (please note FAQ section towards bottom of this page)
Jill Fisher, Training Coordinator, PRMIA, Email: jill.fisher@prmia.org Tel: 612-216-5497
FEE: The course fee is $9,995 (Complete Course). DISCOUNTS: The course fee is $7,995 for registrations received by December 11, 2009. Further discounts are given when two or more from the same company register for the Complete Course. Contact Jill for more details. For registration fees for individual modules, click on the module title above to be linked to that registration page.
Also, you may contact Jill Fisher at 612-216-5497 or jill.fisher@prmia.org.
Delegates can choose the Complete Course or individual course groups that fit their demands. Delegates who take the Complete Course and pass a final examination will be awarded a certificate from Columbia Business School Executive Education and PRMIA.
CANCELLATION: A refund (less a US$500 administration fee) will be made if formal notice of cancellation is received two weeks prior to the date of the event. We regret that no refunds will be made after that date. Substitutions may be made at no extra charge.
This program may be changed or cancelled due to unforeseen circumstances.
FREQUENTLY ASKED QUESTIONS:
Will I receive a certificate?
All participating delegates will receive a dated certificate of completion with the Columbia Business School Executive Education and PRMIA logos. This certificate and a letter indicating your final exam score will be mailed to you within two weeks of the completion of exam*. If one chooses not to take the exam or does not pass the exam, a certificate of participation will be issued.
** What does the final exam consist of?
The final exam which will be given on June 2, consists of 30 multiple choice questions written by the instructors. Several weeks prior to the exam, delegates will be provided 60 questions with answers from which to study, 30 of which will be on the exam. One must achieve 60% correct or greater to pass. A certificate and letter indicating your score will be mailed to you within two weeks of the completion of this exam. If one chooses not to take the exam or does not pass the exam, a certificate of participation will be issued.
This exam is not the PRM exam and the passing of this exam does not result in the PRM designation. Click here to learn more about the PRM Exams.
Will I receive the PRM designation upon the completion of this course?
Attending this intensive training course does not result in the PRM designation/certification. However, all delegates will receive a certificate of attendance with the PRMIA and Columbia Business School Executive Education logos.
Does the Complete Course prepare me for the PRM Exams?
The Complete Course in Risk Management is separate from the PRM program and does not result in delegates receiving their designation. This course can, however, be a beneficial tool for those preparing for the exams and delegates enrolled in the Complete Course in Risk Management will receive a hard copy of the Handbook. Please note that not all of the material in the Handbook will be covered. This course gives an excellent general overview of Risk Management and provides the theoretical grounding to enhance your career and improve your job performance.
What mathematical background is needed for this course?
This course takes a quantitative approach to risk management so a certain level of mathematical knowledge will be very beneficial. The mathematics background recommended for this course is similar to that needed going to an MBA program. It includes basic understanding of equations, what a variable is, the use of logarithms and exponentials, and some crude familiarity with mathematical manipulations at the GMAT level. Exposure to statistics, probability, and regression is a plus but not a requirement, as the course does offer a brief glimpse of some of these ideas in the first day.
Can I receive Continuing Education Credits?
PRMIA is CFA Institute approved provider. www.cfainstitute.org. If you hold a CFA designation, this course qualifies you for 40 credit hours. Mention your CFA number when registering for this course.
PRMIA has recently applied and is awaiting approval as a CPE Program Sponsor for continuing professional education (CPE) with the National Association of State Boards of Accountancy (NASBA). www.nasba.org. To learn of PRMIA's current sponsorship status, contact training@prmia.org.
Presenters
David Beim,
Professor of Professional Practice, Finance and Economics,
Columbia Business School
Awi Federgruen,
Professor of Management,
Columbia Business School
Philippa Girling,
Head of Banking and Financial Services Group,
Garrity and Graham
Paul Glasserman,
Professor of Business, Decision, Risk and Operations,
Columbia Business School
Michael Johannes,
Professor of Finance,
Columbia Business School
Michael Keehner,
Adjunct Professor,
Columbia Business School
Costis Maglaras,
Professor of Decision, Risk and Operations,
Columbia Business School
Dan Rodriguez,
Chief Risk Officer, Global Proprietary Trading,
Credit Suisse
Assaf Zeevi,
Professor of Decision, Risk and Operations,
Columbia Business School
