cferm2010 prospectus v2

8/14/2019 Cferm2010 Prospectus v2

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NATIONAL INSTITUTE OF SECURITIES MARKETS

(Established by the Securities and Exchange Board of India)

School for Securities Education

Certificate in Financial Engineering and Risk Management

CFERM-2010 (March - August)

(Six-month week-end programme for working executives)


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WhyshouldyouattendCFERM?

The CFERM programme addresses the needs of people seeking to further their careers in the

field of financial engineering and risk management. It opens up career options in the financial

sector in India and abroad. After successful completion of the programme you should be able to:

Design new financial products and financial solutions Manage the treasury more effectively Implement financial solutions for banks, corporates and entities in the financial sector Assess and evaluate the various financial engineering and risk management solutions

offered by the vendors

Address the risk management issues at strategic and operational levels for yourorganisation

WhyshouldorganisationsencourageemployeestogetCFERMcertificate?

In the modern world, organisations seek to minimise their cost of capital. Financial engineering

offers customized financial solutions towards this. Further, risk management in organisations has

become a core strategic function today. Therefore, it has become necessary that an organisation

has a team of financial engineering and risk management professionals to discharge, oversee and

guide this pivotal responsibility. To the participant, CFERM offers an in-depth understanding

from the point of view of sellers, buyers, analysts and regulators as opposed to the current

black-box approach.

The CFERM Certification will result in a win-win situation for the professionals engaged in

treasury and risk management functions and their employers in:

Banks PMS Mutual Funds Insurance Companies Pension Funds Private Equity Companies Hedge Funds Investment Banks Corporations (for managers who design, structure and implement fund-raising solutions) Stock Broking firms Firms that trade in Commodities, Currencies and other Instruments Credit Rating Agencies Securities Research firms IT & ITES, KPO firms engaged in Analytics, Quantitative Research and Business

Solutions


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WhatdoesCFERMoffer?

The levels of sophistication and complexity of the subject merit a classroom-based programme.

Through the CFERM programme, NISM aims to provide the financial markets with a cadre of

professionals well-versed in skills as well as knowledge of financial engineering and risk

management. CFERM programme offers: Over 250 contact hours of class room inputs during week-ends spread over 6 months A team of highly qualified and experienced faculty members delivering the modules Combination of theory and practice (9 modules of theory and 3 modules of practicals) A combination of mathematics, statistics, financial economics, computational finance,

financial modelling and risk management

Experienced industry professionals from all over India sharing their knowledge with theparticipants

Rigorous selection process that ensures a high quality peer interaction Continuous evaluation that motivates the participant to deliver the best Multiple pedagogy consisting of interactive classroom sessions, simulations, case

discussions, project work and seminars

Bringing the latest developments in the field into the classroom A peer group of students with whom one can interact and learn by sharing experiences

HowisCFERMunique?

CFERM has several unique features:

High level entry requirements Convenient class timings to suit the needs of working executives Rigorous and well designed course curriculum with emphasis on class participation A team of best-in-class faculty Library support from the best capital market library in India State-of-the-art computing facilities with latest software such as R, MATLAB and

financial databases such as Bloomberg and others for financial modelling and simulation

Reinforcement of concepts through case studies Tailor made for Indian scenario with relevant examples and case studies

Total Duration:6 months, spread over 250 hours

Batches: Two intakes in a year (September-February; March-August)

Location: National Institute of Securities Markets, Vashi, Navi Mumbai or any other location in

Mumbai as decided by NISM

Format: 9 contact hours during each weekend (Saturdays and Sundays)


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Design:Context,ContentandSequencing

The curriculum has three phases with 12 modules covering concepts, applications and practical

aspects of Financial Engineering.

Conceptual Phase of 14 weeks (6 modules that cover theory and applications in QuantitativeFinance, Financial Economics, Risk Management & Treasury, Financial Modelling and

Computational Finance)

Application Phase of 12 weeks (3 modules that cover advance aspects of FinancialEngineering and Financial Econometrics)

Practicals (Project, Case Study Workshops, Seminar) concurrently with the above two phasesContent: The Finer Details

Sr.

No.

Subject Title No. of Hours &

Evaluation Criteria*

1 Financial Engineering Frameworks 10 Hrs (30M)

2 Quantitative Finance I (Mathematics) 30 Hrs (60M + 40F)

3 Quantitative Finance II (Statistics) 30 Hrs (60M + 40F)

4 Financial Economics 30 Hrs (60M + 40F)

5 Risk Management & Treasury 30 Hrs (60M + 40F)

6 Financial Modelling and Computational Finance 30 Hrs (60M + 40F)

7 Financial Engineering Applications 30 Hrs (60M + 40F)8 Financial Econometrics 30 Hrs (60M + 40F)9 Case Studies: Failures and Successes 30 Hrs (60M + 40F)

10 Project Dissertation, based on real data 30 Hrs (60M + 40F)11 Seminar on Contemporary FE Issues 30 Hrs (60M + 40F)

* Distribution of Marks:M denotes Mid-term and includes class tests, surprise quizzes, practical exercises, assignments, etc. F denotes Final exam

EvaluationandAwardofCertificate

CFERM students will be evaluated based on the following:

Pre-class preparation Class participation Quizzes

Assignments / Practical exercises Mid-term and end-term examinations and/or any other procedure the Institute may prescribe

from time to time.

EligibilityCriteria

The following academic qualificationsandwork experience are required:

Academic Qualifications BE


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BSc (Mathematics, Statistics, Physics)

BA (Mathematics / Economics)

MBA (Finance)

CA / ICWA / CS

CFP

CFA (USA), FRM (GARP), CPA, CMA

Any other educational qualification which could be

considered equivalent to any of the above qualifications

Work Experience To be announced

Final selection will be based on work experience, academic performance and the performance in

written test and interview. In exceptional cases, NISM may consider relaxing the eligibility

criteria. The decision of Admissions Committee of CFERM will be final in this regard.

Admission

Process

The selection process consists of a written test and a personal interview. The written test would

assess the understanding and application of basic concepts broadly in the following areas:

1. Linear Algebra, Matrices, Calculus, Basic Statistics and Elementary Probability (+2level)

2. Analytical Reasoning3. General Knowledge on Financial Markets

The duration of the test would be 120 minutes. The written test will be conducted on (To be

announced) in Mumbai.

Candidates who qualify in the written test would be called for a personal interview in Mumbai /

Navi Mumbai. They will be intimated through email and/or Institutes website on (To be

announced). Personal interviews will be held from (To be announced).

All expenses related to writing the test and attending the personal interviews shall be borne by

the candidate. NISM will not bear or reimburse any expenditure in this regard.

NISM reserves the right to postpone or cancel the dates of written test and/or personal interview.

Candidates are advised to visit the Institutes website from time to time for any changes and

other information.

The first list of selected candidates will be displayed on the Institutes website on (To be

announced). Selected candidates would be required to pay a commitment fee of Rs.10,000/-

(non-refundable and adjustable against tuition fee) on or before (To be announced), failing which

the provisional admission would be cancelled. Further, the selected candidates would be required

to complete all the formalities and pay the balance of their first instalment fee (after adjusting the


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commitment fee) on or before (To be announced). Commitment fee will be forfeited if the

candidate does not take admission before the due date.

The second list of candidates will be announced on the Institutes website on (To be announced)

depending on the vacancies. They would be required to pay the commitment fee by (To be

announced) and the balance of first instalment fee should be paid and all formalities should becompleted on or before (To be announced). The provisional admission to those candidates who

do not complete the formalities by the above said due dates would be cancelled.

ProspectusandApplicationForm

The prospectus and application form can be downloaded from the Institutes website:

www.nism.ac.in. Candidates can also obtain the application form along with prospectus from the

Institutes office at Vashi (Mumbai). Application form duly filled in all respects, along with a

demand draft of Rs.1,000/- (Rupees One Thousand only) drawn in favour of National Institute

of Securities Markets payable at Mumbai, should be sent to the following address:

National Institute of Securities Markets,

UTI House, 5th

Floor, Plot No. 82,Sector 17, Vashi, Navi Mumbai 400 705

Tel: 022-27883001

Fax: 022-27896860

Email: [email protected]

Lastdateforreceivingdulyfilled-inapplications

To be announcedFeesandDeposits

To be announced

Faculty

The tentative faculty team for CFERM includes:

Dr. S. Sundararajan: MA, PhD and LLB from MS Baroda University and an MBA in Finance

from the University of Wisconsin, USA. He is a Professor and senior faculty member at the

Department of Management Studies, at Baroda University. He has authored a book and severalresearch papers in various journals and conferences. He is a visiting professor at SP Jain Institute

of Management, Mumbai and also the Dubai and Singapore campuses of the SP Jain Institute of

Management.

Dr. Kiran Kumar: MA (Economics) from Hyderabad Central University and PhD in Finance

from Indian Institute of Science, Bangalore. His research focuses on market microstructure,

derivatives, applied financial econometrics. He has received five best paper awards in national


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and international conferences and has ten research papers to his credit. He delivered lectures in

several research workshops including SAS Workshop for Researchers at Indian School of

Business; Structural VAR Models at RBI Staff College; Econometrics Workshop of Indian

Econometric Society. Formerly, Dr. Kumar was with Centre for Analytical Finance, Indian

School of Business as Senior Researcher; Researcher at ICICI Research Centre, Chennai. At

NISM, he is associated with School for Securities Information and Research and is involved in

building the Network for Securities Market Data.

Dr. M. Venkateswarlu: M.Com and PhD from Osmania University, Hyderabad. He is a senior

faculty member at the National Institute of Industrial Engineering (NITIE). He has been teaching

International Finance, Financial Derivatives and Financial Economics for the past several years.

He is the architect of the CRISIL Certified Analyst Programme (CCAP), an advanced week-end

executive programme. He has worked on developing a Volatility Index and has several research

papers to his credit.

Mr. B. Venkatesh: Chartered Financial Analyst from the CFA Institute, USA and FRM fromthe Global Association of Risk Professionals (GARP). Besides, he is also a Chartered

Accountant and Costs Accountant from India. He has been the financial markets editor of the

Hindu Business Line. He has authored a book and several international conference papers. He is

an expert on Derivatives Strategies and Structured Finance. He has taught at IIM Bangalore,

BIM Trichy and several other institutions.

Dr. Kavita Laghate: MSc (Statistics) and PhD. She is a faculty member at Jamnalal Bajaj

Institute of Management Studies, University of Mumbai. Her areas of specialization are

Statistics, Operation Research, Quantitative Models, Quantitative Finance and Research

Methods.

Mr. Suneel Sarswat: MSc in Applied Statistics and Informatics from the Department of

Mathematics at IIT Bombay. He has worked with Bank of America on Financial Analytics with akeen interest on Computational Finance. He is well versed in Visual Basic, C++, Matlab, R,

PERL and other programming languages useful in Financial Engineering.

Ms. Monita Joshi Khamkar: MBA (Finance) from NMIMS University and Fellow of theInsurance Institute of India (F.I.I.I.), specializing in Life Insurance. She has over 14 years

experience in LIC of India and other insurance companies, in underwriting, finance and related

functions. She teaches Financial Mathematics with applications in investment and actuarial

science.

In addition, the Institute would invite practising professionals to share their experience with the

participants depending on the practical input requirements.


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Round-table conference on Corporate Governance in India A Reality Check, a joint

initiative of NISM, CII and GCGF, held in Mumbai on April 16, 2009

Teachers workshop as part of NISMs initiative to promote financial literacy in schools,

held in New Delhi


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Dr. Robert Engle, winner of the 2003 Nobel Prize in Economics, delivering the keynote

address at NISMs Conference on Securities Markets, held in Mumbai during December

19-20, 2008


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Prof. Marti Subrahmanyam, Prof. Robert Engle, Prof. Pradeep Yadav, Mr. Pratip Kar,

Mr. Benjamin Chandler and Prof. S.Viswanathan in the Conference on Securities

Markets, an annual conference of NISM, held in Mumbai during December 19-20, 2008

Dr. Thomas Robinson of CFA Institute addressing the audience in the Seminar on

Examination Development, held in Mumbai on June 8, 2009.


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After Registration

Upon receipt of duly completed application form and application fee, NISM will allot the roll

number to each candidate. The admit card for the written test will be sent to the candidates. Thecandidates are advised to carry the admit card and a photo id for the written test.

Please RememberPhotographs are to be affixed in the application form and on the admit card.

Institute reserves the right to change or cancel the dates of written test and personal interview.

Candidates will be informed in advance by e-mail in case of such changes. Candidates are

advised to regularly visit the Institutes website for the updated information.

Application form and admit card duly filled in all respects with two passport size photographs

affixed and demand draft/pay order should reach the Institute on or before July 24, 2009.

Results of the written test as well as interview will be intimated to the successful candidates

through e-mail and the same will be displayed on the Institutes website. No separate

communication will be sent in this regard. Hence, candidates are advised to check their e-mailand also the Institutes website on a regular basis.

All correspondence to be made to the following address:

National Institute of Securities Markets,

UTI House, 5th

Floor, Plot No. 82,

Sector 17, Vashi, Navi Mumbai 400 705

Tel: 022-27883001

Fax: 022-27896860

Email: [email protected]

Website: www.nism.ac.in

cferm2010 prospectus v2

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