This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets and learn how to identify and describe the various types of financial risk and their sources.
Individual course: $99
Course duration: 4 weeks total
Time commitment: 1-2 hours each week
Experience level: Intermediate
Learning partner: New York Institute of Finance (NYIF)
Program type: Professional certificate
Subjects: Business, management, economics, and finance
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. An NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employers value.
For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.
Topics of study
Differentiate between financial risks and business risks
Identify and describe the various types of financial risk and their sources
Identity the real-world violations of the ‘standard model’ assumptions that make risk management value enhancing to the firm
Differentiate between risk measurement and risk management
Describe systemic risk as a negative externality
Describe the U.S. regulatory structure
Basic MS Excel skills
Basic probability and statistics
About the New York Institute of Finance
The New York Institute of Finance (NYIF), located in the heart of Wall Street, is a global leader in training for financial services and related industries. Started by the New York Stock Exchange in 1922, it now trains 50,000+ professionals in over 120 countries.
NYIF was first mentioned in the introduction to a book called Stock Exchange Procedure by Birl E. Shultz, Ph.D. in 1921:
“It became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days.” NYSE president Charles Gay, 1921. This was the inspiration behind the establishment of the New York Institute of Finance In 1922.
NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The institute has a faculty of industry leaders and offers a range of program delivery options, including virtual, self-study, online courses, and in-person classes. Its U.S. customers include the SEC, the Treasury, Morgan Stanley, Bank of America, and most leading worldwide banks.