Executive Development Program in Applied Financial Risk Management (Batch 13th)
Gain the Skills to Minimize Losses and Maximize Returns
- Gain Certification from IIM Kashipur
- Learn from India's Top Faculty
- Enjoy Weekend Online and Interactive Sessions
- Campus Immersion Workshop
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Applications Closing
30th Dec. 2025 -
Course Duration
5 Months -
Learning Format
Blended
About the Programme
This Certification Program in Applied Financial Risk Management is designed for mid to senior-level professionals who want to enhance their expertise in managing financial risks. The program focuses on practical tools and proven techniques for assessing various kinds of financial risks, helping participants make informed and data-driven decisions. Through hands-on exercises and case-based sessions, participants gain real-world perspectives, understand financial frameworks, and explore in-depth concepts.
Why Join This Program?
Global Recognition with IIM Kashipur
Promotion to Senior Leadership Roles
Upskill to Higher Salary Packages
A Strong Corporate Portfolio
Insights from Real-World Case Studies
Personalized Learning Path
Hands-on Experience with Industry Tools and Techniques
Applications Closing Within
Program Highlights
Certification from IIM Kashipur
Weekend Online and Interactive Classes
Learn from Top Faculty and Industry Experts
Industry-Ready Program
Insights into Applied Financial Risk Management
Case-based Sessions
Real-world Business Projects
Covers GARP FRM Certification Requirements
Campus Immersion
Who Should Apply?
1. Entrepreneurs & Finance Leaders – Business owners, finance heads, and senior professionals who want to strengthen their understanding of financial risk management and make better financial decisions.
2. Aspiring Finance Professionals – Graduates and early-career individuals aiming to build a successful career in finance, banking, or risk management.
3. Working Professionals – Employees across functions who have an interest in applied financial risk management and wish to develop hands-on analytical and decision-making skills.
Eligibility Criteria
| Participants | Criteria |
|---|---|
| For Indian/International Participants |
For Indian Participants, graduates from a recognized university (UGC, AICTE, DEC, AIU, State University) in any discipline with Mathematics/Statistics up to 10+2 level are eligible. For international participants - A graduation degree or an equivalent qualification from a recognized university or institution in the candidate’s respective country is required. Applicants must have a minimum of 2 years of relevant professional experience Proficiency in spoken and written English is mandatory. On a case-to-case basis, less experience can be considered. |
Course Pedagogy
The primary method of teaching in this program will be through live online classes that you can attend from your laptop, desktop, or classroom. These sessions will be conducted by experienced faculty from IIM Kashipur. All enrolled students will also get access to the Cloud Campus, where they can find study materials, case studies, projects, assignments, and other learning resources. Students can interact with professors in real time during live classes or ask questions later through the cloud campus to clear their doubts.
Course Syllabus
- Basics of Financial Risk Management
- Fundamental Probability Theory
- Brief Overview of Financial Derivatives
- Nonparametric and parametric approaches to estimate VaR and Expected shortfall.
- Historical Simulation
- Monte Carlo Simulation
- Risk Metrics
- GARCH
- EGARCH
- GJRGARCH and other GARCH family models
- Extreme Value Theory
- VaR Evaluation: Back testing
- Market Risk Analysis
- For portfolio and an asset influenced by various factors like Standard Covariance/Correlation approach
- Risk Metrics
- Multivariate GARCH
- VaR of factors
- Duration-based partial revaluation approach (Historical Simulation), Cash Flow mapping.
- Introduction to credit risk
- Default Risk
- Managing credit risk
- Credit Metrics
- Default probabilities
- Agency ratings
- Credit scoring and Internal rating models
- Structural models for credit risk (Merton, KMV), Reduced form models, Logistic model for loan default evaluation
- LGD Estimation: LGD model methodologies; Application uses of LGD
- Exposure at Default: EAD Modelling
- Expected and unexpected credit loss
- Introduction to operational risk with evidence of operational failures
- Estimating VaR for operational risk (Aggregate Loss Distribution/ ) using Monte Carlo Simulation LDA
- Operational risk management framework
- Operational Risk Measurement
- Introduction to operational risk with evidence of operational failures
- Estimating VaR for operational risk (Aggregate Loss Distribution/ ) using Monte Carlo
- Simulation LDA
- Operational risk management framework
- Operational risk process models Basics of Liquidity Risk: Liquidity Adjusted VaR under normal and stressed market
Tools to be Used
Tools to be Used
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Batch Filling Fast!
Enhance your career growth with IIM Kashipur's industry-oriented executive program.
Program Fees
1st Installment
(Immediate Payment)2nd Installment
(20th Oct. 2025)3rd Installment
(20th Jan. 2026)* Loan option available in 6, 9 & 12 EMIs from loan partners.
* 1% + GST* processing fees will be charged by the loan partner in 6/9/12 months EMI.
* Note: Application Fee of 2000/- INR (Non-Refundable) to be paid at the time of Registration.
* Disclaimer: Kindly note that participants attending the campus immersion module at IIM Kashipur are requested to arrange their own accommodation and transportation services.
Course Certificate
Share your Achievements and Unlock New Opportunities
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✔
Gain Global Recognition
The IIM Certification helps you get noticed for your skills and expertise across the globe.
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Achieve Industry-Recognised Credentials
The industry-focused credential with the prestige of a premier institute helps you stand out in the job market.
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Strengthen Your Professional Portfolio
An executive certification enhances your portfolio and helps you earn trust from leading companies worldwide.
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Expand Your Career Network
You get the chance to join a network of experienced professionals, industry leaders, and successful entrepreneurs.
Career Scope and Market Demand in Financial Risk Management!
12-15%
Annual growth rate for Indian risk management market
79%
Global work satisfaction rate among professionals in risk management
More than 40%
Professionals consider the FRM Certification mandatory for risk management roles
Our Alumni Work At Top Companies
Program Faculty Members
Learn from the best
Dr. Dilip Kumar holds a PhD in Finance and conducted his PhD research work at the Institute for Financial Management and Research (IFMR), Chennai. Before joining IIM Kashipur, he was a faculty member........
Faculty Details
Prof. Dilip Kumar
Dr. Dilip Kumar holds a PhD in Finance and conducted his PhD research work at the Institute for Financial Management and Research (IFMR), Chennai. Before joining IIM Kashipur, he was a faculty member in the financial engineering department of IFMR Chennai.
He has taught various courses, such as Simulation Techniques in Finance, Financial Derivatives, Financial Risk Measurement and Management, and Financial Engineering using MATLAB, at both the graduate and undergraduate levels.
His research interests include extreme value volatility estimators, bias correction procedures for efficient estimation of volatility, robust volatility estimators, modeling extreme value conditional volatility, risk spillover, and dynamics in market efficiency under the impact of structural changes in the market.
His current research focuses on developing bias correction procedures for various extreme value volatility estimators. Another segment of his current research is on developing a robust extreme value volatility estimator and proposing a bias correction procedure for it.
He also served as an Editorial Associate of the Journal of Emerging Market Finance, published by Sage Publications. He is also a Chartered Financial Analyst (CFA) charter holder from the Institute of Chartered Financial Analysts of India.
What Our Learners Say
Anuja Nikharge
Assistant Manager - ICICI Prudential AMC Ltd
The course was well managed by Team Nulearn; all queries were resolved on time. The learning journey with the professor was great; he was well-versed in the subject and explained the concepts in detail.
M Srinivasan
Assistant General Manager - Bank of Baroda
Excellent delivery. The structured curriculum and Professor Dilip's teaching made this course perfect. Kudos to the entire team for delivering such a wonderful course.
Arihant Surana
Senior Audit Assistant - Moore Singhi
Aman Marwah
Assistant Manager - Mahindra Finance
The assistance provided by Team Nulearn has been commendable. Professor Dilip, an eminent professor from a prestigious college, imparted the best techniques in the field of risk management. Not only were the contents excellent, but the way he taught practical modeling using real-time data built confidence to further apply those techniques in our respective fields. I hope to have further interaction with you for your guidance in the future.
Sujit Dhanuka
Senior Data Scientist - INSOFE
Overall, it was a great learning experience. "Excellent" is the word for this course; thanks to Professor Dilip for keeping the course interactive.
Tarun Vackachan Thomas
Senior Tax Analyst - Interplast Co. Ltd - Updated Position
Overall, it was a wonderful learning journey; from Nulearn's assistance to the session deliveries, everything was on point. The course was wonderfully managed and had great content!
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