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In the final course from the Risk Management specialization, you will be introduced to the
different roles in risk governance and the benefits of establishing an operational risk
management program at your own workplace. This course will highlight key elements of
an Operational Risk Management framework and help you identify the appropriate
elements to incorporate in your own program. By the end of the course, you will be able
to capture, report, and investigate operational risk events, produce meaningful key risk
indicator (KRI) data and trend analysis, assess organizational risk appetite, and design
an Operational Risk Control and Self-Assessment program. To be successful in this
course, you should have a basic knowledge of statistics and probability and familiarity
with business operations. Experience with MS Excel and Python recommended.
Specialization Description:
This 4-course Specialization from the New York Institute of Finance (NYIF) will teach you
how to measure, assess, and manage risk in your organization. By the end of the
Specialization, you will understand how to establish a risk management process using
various frameworks and strategies provided throughout the program. This program is
intended for those who have an understanding of the foundations of Risk Management at
a beginner level. To successfully complete the exercises within the program, you should
have a basic knowledge of statistics and probability and familiarity with financial
instruments (stocks, bonds, foreign exchange, etc). Experience with MS Excel and
Python is recommended.
Specialization Outcomes:
By the end of this Specialization, you will be able to:
Gain a solid foundation of the complete risk management process.
Understand the concepts and principles of credit risk management and the steps to
manage portfolio credit risks.
Use statistical models to measure risk associated with different types of asset classes.
Build an operational risk assessment program.
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, PhD. 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 US customers include the
SEC, the Treasury, Morgan Stanley, Bank of America and most leading worldwide banks.