Diploma in Financial Risk Management by sdfwerte


									Diploma in Financial Risk
                                                                               Program Curriculum
Management                                                                     • Quantitative Analysis
財務風險管理文憑課程                                                                     • Market Risk Measurement
                                                                                 and Management
This program has been included in the list of reimbursable courses for
                                                                               • Credit Risk Measurement
Continuing Education Fund (CEF) purposes. (CEF course code: 23L05544-A)
                                                                                 and Management
                                                                               • Operational Risk
About the Program           The Diploma in Financial Risk Management             Measurement and
                            Program provides a solid foundation for career       Management & PRMIA
                            development in the banking & finance industry,       Standards
                            with a good balance between theories and           • Risk Management and
                            practical applications, specially in the fast-       Investment Management
                            growing risk management areas. It also covers
                            in-depth analysis of Basel II Accord, with
                            particular focus on practical implementation
                            issues in Hong Kong and Asia Pacific.
                            Graduates of this program are prepared to sit for the Global Associations of
                            Risk Professionals’ (GARP) Financial Risk Manager (FRM) examination and
                            Professional Risk Manager’s International Association’s (PRMIA) Professional
                            Risk Manager (PRM) examination.

                            管理領域的事業前景。同時,本課程深入分析巴塞爾協定 II (Basel II Accord),
                            員參加 Global Association of Risk Professionals (GARP) 的 Financial Risk
                            Manager (FRM) 考試,以及 Professional Risk Manager’s International
                            Association (PRMIA) 的 Professional Risk Manager (PRM) 考試。

Who Should Apply            Those who would like to acquire skills and knowledge in the field of financial
                            risk management, and those who are interested in taking the GARP Financial
                            Risk Manager (FRM) exam and/or the PRMIA Professional Risk Manager
                            (PRM) exam.

                            Applicants should either:
                            ● have 5 passes in HKCEE (or equivalent) and 2 years of working
                            ● be F.7 graduates, or
                            ● aged 21 or above.

Assessment and              To be awarded the Diploma, participants must meet the following
Award of Diploma            requirements:
                            ● Complete and pass all assessment activities;
                            ● Attend at least 75% of the face-to-face sessions; and
                            ● Attend and pass the end-of-program mock examination.
The HKUST College of LifeLong Learning is a non-profit making organization wholly-owned by The Hong Kong University of Science and Technology. This is a non-credit bearing program offered by The HKUST College of LifeLong Learning. This brochure contains information as of July 2007.

                                                                                                                                                                                                                                                                                             Details                       Program Structure and Content
                                                                                                                                                                                                                                                                                             Program Code:                 Quantitative Analysis
                                                                                                                                                                                                                                                                                             FN1104                        ●   Probability
                                                                                                                                                                                                                                                                                                                           ●   Distributions – normal, lognormal, student's t, binomial, chi-squared, Poisson
                                                                                                                                                                                                                                                                                                                           ●   Sampling and sample testing
                                                                                                                                                                                                                                                                                             Duration:                     ●   Linear regression
                                                                                                                                                                                                                                                                                             8 months of part-time study   ●   Forecasting volatility
                                                                                                                                                                                                                                                                                             with face-to-face sessions.   ●   Calculus – differentiation & integration
                                                                                                                                                                                                                                                                                                                           ●   Matrix algebra
                                                                                                                                                                                                                                                                                                                           ●   Numerical methods in risk management
                                                                                                                                                                                                                                                                                             Medium of Instruction:
                                                                                                                                                                                                                                                                                             Lectures will be conducted    Market Risk Measurement and Management
                                                                                                                                                                                                                                                                                                                           ●   Term structure of interest rates
                                                                                                                                                                                                                                                                                             mainly in Cantonese
                                                                                                                                                                                                                                                                                                                           ●   Bonds and fixed income products
                                                                                                                                                                                                                                                                                             supplemented by English.
                                                                                                                                                                                                                                                                                                                           ●   Financial derivatives – forwards, futures, options, swaps
                                                                                                                                                                                                                                                                                             Teaching materials will be
                                                                                                                                                                                                                                                                                                                           ●   Option valuation and risk management
                                                                                                                                                                                                                                                                                             in English.
                                                                                                                                                                                                                                                                                                                           ●   Interest rate risk management
                                                                                                                                                                                                                                                                                                                           ●   Foreign exchange risk management
                                                                                                                                                                                                                                                                                                                           ●   Market Value at Risk (VaR)
                                                                                                                                                                                                                                                                                             Instructor:                   ●   VaR simulation techniques
                                                                                                                                                                                                                                                                                             CL3 instructors and           ●   Stress testing & scenario analysis
                                                                                                                                                                                                                                                                                             professional trainers         ●   Market VaR models

                                                                                                                                                                                                                                                                                                                           Credit Risk Measurement and Management
                                                                                                                                                                                                                                                                                             Commencement Date:            ●   Principles of credit risk management
                                                                                                                                                                                                                                                                                             19 January 2008               ●   Credit rating process
                                                                                                                                                                                                                                                                                                                           ●   Default probability, exposure at default and loss given default
                                                                                                                                                                                                                                                                                                                           ●   Credit netting
                                                                                                                                                                                                                                                                                             Training Schedule:            ●   Credit VaR
                                                                                                                                                                                                                                                                                             2:30pm – 6:30pm               ●   Credit VaR models
                                                                                                                                                                                                                                                                                             on Saturdays                  ●   Credit derivatives
                                                                                                                                                                                                                                                                                                                           ●   Securitization

                                                                                                                                                                                                                                                                                             Venue:                        Operational Risk Measurement and Management & PRMIA Standards
                                                                                                                                                                                                                                                                                             Downtown training center      ●   Operational risk management
                                                                                                                                                                                                                                                                                                                           ●   Operational VaR
                                                                                                                                                                                                                                                                                                                           ●   Capital allocation and performance measurement
                                                                                                                                                                                                                                                                                                                           ●   Basel II
                                                                                                                                                                                                                                                                                             Tuition Fee:
                                                                                                                                                                                                                                                                                                                           ●   Case studies in risk management
                                                                                                                                                                                                                                                                                             Standard Rate:
                                                                                                                                                                                                                                                                                                                           ●   PRMIA Codes of conduct
                                                                                                                                                                                                                                                                                                                           Risk Management and Investment Management
                                                                                                                                                                                                                                                                                             Early Bird Rate:
                                                                                                                                                                                                                                                                                                                           ●   Portfolio theory
                                                                                                                                                                                                                                                                                             HK$20,000                     ●   Capital Asset Pricing Model (CAPM)
                                                                                                                                                                                                                                                                                                                           ●   Risk ratios in investment management
                                                                                                                                                                                                                                                                                                                           ●   Risk management in hedge funds
                                                                                                                                                                                                                                                                                             Early Bird Closing Date:      ●   Implementation of Basel II in Hong Kong
                                                                                                                                                                                                                                                                                             19 December 2007              ●   Risk management and banking initiatives in Hong Kong and Asia

                                                                                                                                                                                                                                                                                                                           For enquiry and enrollment,
                                                                                                                                                                                                                                                                                                                           please call 2358 6123 / 2528 3801or email to CL3@ust.hk

                                                                                                                                                                                                                                                                                                                           HKUST COLLEGE OF LIFELONG LEARNING
                                                                                                                                                                                                                                                                                                                           The Hong Kong University of Science & Technology,
                                                                                                                                                                                                                                                                                                                           Clear Water Bay, Kowloon, Hong Kong

                                                                                                                                                                                                                                                                                                                           T: 2358 6123       F: 2358 4130       www.CL3.ust.hk

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