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Finance Diploma in Financial Risk Management

In an era of instant global communications, interdependent economies, and dramatic international political developments, an understanding of underlying economic, political, and social forces is critical to many industries and fields, especially finance. Under the instruction of industry experts, the content of the Diploma in Financial Risk Management has been designed to equip you with the key skills of international business and vital knowledge of US business practices.

The Diploma in Financial Risk Management is a foundation-focused program that emphasizes core skills and competencies. Upon completion of the Diploma, you will have acquired knowledge of cultural, economic, political, and social influences in the international business arena, along with an understanding of basic concepts of multinational financial management and the impact of foreign exchange on cash flow. Additionally, you will be exposed to legal, political, and economic frameworks of international markets, including the euro and Eurocurrency markets, key issues of international banking operations, central concepts in US regulation of imports and exports, and cross-cultural issues and key factors in import/export businesses.

Note: If you have minimal formal training or experience in finance, then you are advised to take Finance for Non-Finance Professionals/FINA1-CE9642 prior to applying to the Diploma program.

Work Product

As a student in the program, you will engage with the material by completing team projects, presentations, and exams. The program will conclude with a capstone project that demonstrates competency in the program learning outcomes and that is critiqued by a panel of industry experts. In order to be successful in this program, you must demonstrate the ability to work successfully both individually and in teams on assigned projects.

Learning Outcomes

  • Acquire the main tools and practices needed to assess and evaluate financial risks
  • Understand risk management practices in an industry setting
  • Gain the ability to critically assess risk management reports and research

 

Schedule and Format

  • Part-time
  • Classroom-based
  • Three noncredit courses
  • On average, students take one course per semester, fall/spring/summer
  • The Diploma must be completed within two years

 

The Diploma is awarded to students who successfully complete the three required courses within two years.

For additional information, or if you have any questions, please contact the Division of Programs in Business at diploma.dpb@nyu.edu.

Must be completed within

2 years

You'll Walk Away With

  • The foundations of risk measurement and risk finance theory
  • Knowledge of basic risk management instruments, including forwards, futures, swaps, and options
  • Market risk management skills, including methods for hedging risk in equity and fixed-income portfolios, delta and gamma, and duration and convexity
  • An understanding of value-at-risk (VaR)--its definition, implementation, and use in evaluation of risk forecasts
  • The skills to assess credit risk using the Merton model, the KMV approach, and ratings-based models
  • An introduction to credit derivatives and mortgage-backed securities
  • Familiarity with the limitations and failures of risk models
  • Knowledge of the impact of the credit crisis and its implications for risk management and regulation

Program Curriculum

COURSES THAT GIVE YOU THE SKILLS AND TRAINING YOU NEED TO START YOUR NEW CAREER

REQUIRED

All Courses Required

Fundamentals of Financial Risk Management

Gain an overview of financial risk management and its importance in today’s global marketplace.

2018 Spring
1 section

Intermediate Financial Risk Management

Build on basic knowledge of risk management tools and techniques to explore more complex issues in financial risk management.

2018 Spring
1 section

Advanced Financial Risk Management

Examine how financial risk arises, why it must be managed, and what the consequences are of inattention to or disregard of risk management.

Complete 0

General Admission Requirements

  • Resume
  • Two references
  • Essay
  • A bachelor’s degree or four years of professional experience

  • A satisfactory scholastic average [a minimum grade-point average (GPA) of 2.5 (C+) on a 4.0 scale]

Fundamentals of Financial Risk Management

Gain an overview of financial risk management and its importance in today’s global marketplace.

2018 Spring
1 section

Intermediate Financial Risk Management

Build on basic knowledge of risk management tools and techniques to explore more complex issues in financial risk management.

2018 Spring
1 section

Advanced Financial Risk Management

Examine how financial risk arises, why it must be managed, and what the consequences are of inattention to or disregard of risk management.