NEW YORK, Sept. 6, 2016 /PRNewswire/ -- The New York Institute of Finance (NYIF), one of the oldest financial education providers in America, today announces the launch of a new professional credential in financial risk modeling and management, the Chartered Financial Risk Engineer™ (CFRE™). The CFRE™ will compete with other credentials in the financial risk management space, as well as with graduate programs in finance and risk management offered by top universities. The first cohort of delegates will be admitted in April 2017.
"We are offering students a qualification that is designed for doers," said Lee Arthur, the Managing Director of the Institute and a Senior Manager at its parent company the Financial Times.
"Everything about the program is built around practice and the practical application of an advanced set of risk management tools which our students can use to solve problems in the real world."
The CFRE™ program, which requires no prior experience, is significantly more flexible and cost effective than a graduate university program, particularly when compared to full time programs. The mix of online instruction, in-person boot camps and challenging take-home assignments - plus exams following each module - facilitates effective learning without extended periods of time away from work.
The CFRE™ curriculum assignments and exams are overseen by an advisory committee to ensure that the skills developed are relevant and sought after by employers in the financial services industry. The committee comprises practitioners and academics with distinguished careers in finance, including: Dr. Stephen Fagan (Vice President, Portfolio Management, BlackRock, New York), Prof. Robert Jones (Professor of Economics, Simon Fraser University, Vancouver), Eddy Kou (Director, Prime Brokerage Risk, Bank of America, New York), Dr. Jorge Cruz Lopez (Principal Researcher, Bank of Canada, Ottawa) and Eduardo Robinovich (Director, Counterparty Risk, Deutsche Bank, New York).
Anton Theunissen, Curriculum Director of the Institute, explains: "The expertise of the committee members is self-evident when one considers their notable accomplishments and distinguished careers. It is this expertise that we will draw on to ensure that we design and maintain a program of skills based risk education that is not only second to none, but always right at the very cutting edge of the practice and theory of risk management. The committee members will serve as our eyes and ears on the street, ensuring that we are the first port of call for financial institutions looking to develop world-class talent."
To be admitted to the ten-month program, prospective delegates will have to complete an online admission exam, designed to test for the essential quantitative aptitude and abilities that are so critical for developing a sound understanding of financial risk management. For candidates who require a comprehensive review of the quantitative tools, admission to the program may be secured by completing the Institute's Quantitative Methods for Finance Professional Certificate.
NYIF's 94-year-old skills training programs specialize in the securities industry and corporate finance. Its professional certificates are seen as best in class skills training in the core areas of Risk Management, Fixed Income, Credit Analysis, Derivatives, Portfolio Management and Corporate Finance.
For more details on the Chartered Financial Risk Engineer™ designation visit https://www.nyif.com/cfre.
About New York Institute of Finance
A Financial Times company with a history dating back more than 90 years, the New York Institute of Finance (www.nyif.com) is a global leader in training for financial services and related industries. NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The New York Institute of Finance has a faculty of industry leaders and offers a range of program delivery options, including self-study, online courses, and in-person classes.
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SOURCE New York Institute of Finance