• Anytime
    Application Deadline
  • 35 days
    Duration
EdX is an online learning platform trusted by over 12 million users offering the Special Topics in Risk Management of Banking and Financial Markets Certificate in collaboration with Indian Institute of Management, Bangalore - IIMBx. Learn about structured financial products (ABS, CDS, CDO) as well as Value-at-Risk (VaR), stress testing and related risk management techniques.

About

The Special Topics in Risk Management of Banking and Financial Markets Certificate from EdX is offered in partnership with Indian Institute of Management, Bangalore - IIMBx.

In this advanced course, part of the Professional Certificate program ‘Risk Management in Banking and Financial Markets’, we will look at structured financial products such as Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), Credit Default Swaps (CDS), Collateralized Debt Obligations (CDO) and their role in transferring/diversifying the risks to several entities in the financial markets. 

We will also examine the unintended consequences and outcome of those risk transfer instruments that accentuated the systemic risk and eventually lead to the 2008 global financial meltdown. 

In addition, we will look at special topics in risk management such as Value at Risk (VaR) and stress testing, as well as recent trends in regulation including the Basel-III guidelines on capital adequacy that have been implemented in several countries to manage risk in a proactive and consistent manner. 

More importantly, we will examine how far have those regulatory measures and guidelines been able to achieve the well-intentioned goal of safeguarding the stability of financial systems across countries and whether they would, in the future, be able to anticipate and avert cascading adverse outcomes as witnessed in the 2008 global financial crisis.  

Detailed Programme Facts

  • Deadline and start date A student can apply at any time for this programme, there is no deadline.
  • Programme intensity Part-time
    • Average part-time duration 35 days
    • Intensity 4 hrs/week
    • Part-time variant
      Flexible
    • Duration description
      3 to 4 hours per week
  • Languages
    • English
  • Delivery mode
    Online
    • Time flexibility
      Self-paced
  • More information Go to the programme website

Programme Structure

What you'll learn

In this course you will learn:

  • The basic attributes and structure of Asset Securitization
  • Various types of asset-backed securities such as Residential Mortgage Backed Securities (RMBS), Credit Card Securitization, etc.
  • Credit Default Swaps (CDS) and Collateralized Debt Obligations (CDO) and their role in managing (sometimes, augmenting) risks in any financial system
  • How to measure, analyze and proactively manage the degree of risk embedded in the financial assets portfolio of any entity, using various tools and techniques such as ‘Value at Risk’ (VaR), ‘Stress Testing’ and similar guidelines issued by the Bank of International Settlement (BIS) and other regulatory bodies

English Language Requirements

This programme may require students to demonstrate proficiency in English.

Academic Requirements

Participants should have gained, either through formal education or through work-experience or by attending the first four courses’ in this Professional Certificate program: 

  • A good understanding of the concepts and theories underlying banking and financial markets such as Time Value of Money, Pricing of Bonds and Equity Stocks, Theory and Structure of Interest Rates, etc.
  • Structure and functioning of Short-Term and Long-Term Financial Markets.
  • Tools and techniques to manage the various types of risk.
  • A good understanding of probability and statistics, covering measurement of central tendencies, statistical distributions, correlation and regression, etc. will significantly help in the learning.

Tuition Fee

  • International

    99 USD/full
    Tuition Fee
    Based on the original amount of 99 USD for the full programme and a duration of 35 days.
  • National

    99 USD/full
    Tuition Fee
    Based on the original amount of 99 USD for the full programme and a duration of 35 days.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
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Funding

Check the programme website for information about funding options.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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