Download - Cferm Prospectus 2011-12
PROSPECTUS 2011-12
?Master the Art, Science and Mathematics of FINANCIAL RISKMANAGEMENT
Certificate in Financial Engineering and Risk Management �
CONTENTSCFERM: 2011-12
Introduction to NISM and SSE 1.1AboutNISM 1.2AboutSSE 1.3Institute’sPhilosophy 1.4BoardofGovernors 1.5AcademicCouncil
The CFERM Programme 2.1WhyCFERM? 2.2WhyshouldorganizationsencourageCFERM? 2.3WhatdoesCFERMoffer? 2.4HowisCFERMunique? 2.5ProgrammeFormat 2.6ProgrammeDesign:Context,ContentandSequencing 2.7EvaluationandAwardofCertificate
Eligibility Criteria and Admission Procedure 3.1EligibilityCriteria 3.2AdmissionProcess 3.3ProspectusandApplicationForm 3.4LastDateforreceivingdulyfilledinapplications 3.5ImportantDates 3.6FeesandDeposits 3.7Enquiries 3.8ForceMajeure
Academic Team 4.1Full-time/AdjunctFaculty 4.2VisitingFaculty
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Certificate in Financial Engineering and Risk Management�
1 Introduction to NISM and SSE
1.1AboutNISMInhisbudgetspeechofFebruary2005,theHonourableUnionFinanceMinisterannouncedthattheSecuritiesandExchangeBoardofIndia(SEBI)wouldestablishaninstitutetoundertakesecuritiesmarketeducationandresearch.Inpursuanceofthismandate,SEBIestablishedtheNationalInstituteofSecuritiesMarkets(NISM)inMumbaiasapublictrustundertheBombayPublicTrustAct,1950.
TheactivitiesatNISMarecarriedoutthroughitsSixSchoolsofExcellence.Theseinclude:1.SchoolforInvestorEducationandFinancialLiteracy(SIEFL)2.SchoolforCertificationofIntermediaries(SCI)3.SchoolforSecuritiesInformationandResearch(SSIR)4.SchoolforRegulatoryStudiesandSupervision(SRSS)5.SchoolforCorporateGovernance(SCG)6.SchoolforSecuritiesEducation(SSE)
ThemissionforNISMistoaddtomarketqualitythrougheducationalandresearchinitiativesthatwouldsupport,enableandexpediteanentiregamutofhighqualityknowledgeservicesinthesecuritiesindustry.
AmarketforsecuritieseducationandresearchisgraduallyemerginginIndiaandabroad,partlyduetothebuoyancyinthesecuritiesindustryandpartlybecauseoftheregulatoryeffortstocreateminimumcompetencylevelsforsecuritiesindustryprofessionals.NISMintendstoplayacatalyticroleinaddressingtheseneeds.
GiventheuniquenessofIndiaandotheremerging/developingmarkets,suchinterventionwouldfollowthetwinapproachesofaccessing/disseminatingtherelevantexistingknowledgeandcreatingnewknowledgethatismorespecificandappropriateforemergingmarkets.WithnootherinstituteintheAsian
regionthatseekstoaddressaswideacanvas,NISMstandsuniquelypoisedtobecomeaninstitutionthatwouldnotonlyservethesecuritiesmarketsinIndiabutcouldalsoassumeapan-Asianpurpose.
1.2AboutSSENISMarticulatesandimplementsitsmissionofimprovingmarketqualitythroughitssixschoolsofexcellence,eachhavingaspecificdomainpresencewithinthesecuritiesmarkets.TheroleoftheSchoolforSecuritiesEducation(SSE)istoprovideeducationforpreparingcompetentprofessionalswhowillservethesecuritiesmarketsincapacitybuilding.
Thelastfewyearshaveseenademandforsecuritiesprofessionalswhoareequippedwithawiderrepertoireofknowledgeandskills.ThisdemandhasbeenspurredbythechallengesposedbythegrowingIndianeconomyandtheexpandingsecuritiesmarket.WiththeIndianeconomygrowingconsistentlyatover6%,manyIndiancompaniesarescalinguptheiractivitiesinIndiaandabroad.Thishasnecessitatedagreaterneedforcorporationstoaccessthesecuritiesmarkets.TheoveralleconomicgrowthhasalsowitnessedmanyIndiancorporationsseekingtoattractdomesticandforeigninvestmentsthroughlistingsinIndiaandoverseas.
AstheIndianeconomygrowsandasIndianinvestorsseektoparticipatemoreinthecapitalmarkets,theIndianstockexchanges,mutualfunds,merchantbankers,analystsandstockbrokerswouldplayanevenmorevitalroleinmeetingtheenhancedexpectationsofvariousstakeholders.Withitsproximitytopolicymakersandprofessionalsinthesecuritiesmarketscommunity,SSEisuniquelypositionedtoprovideeducationalprogrammesthatwillcreatethenewagesecuritiesmarketsprofessional.
Certificate in Financial Engineering and Risk Management �
Certificate in Financial Engineering and Risk Management�
1.3Institute’sPhilosophyNISM’sactivitiesarededicatedtowardsenhancingthequalityofparticipationinsecuritiesmarkets.Thisinvolvesdevelopmentofknowledgeandskillbaseofallstakeholders.TheInstitute’sphilosophyembodiesthespiritofcommitmenttotheseobjectives.
1.3.1VisionTolead,catalyzeanddelivereducationalinitiativestoenhancethequalityofsecuritiesmarkets.
1.3.2MissionToengageincapacitybuildingamongstakeholdersinthesecuritiesmarketsthroughfinancialliteracy,professionaleducation,certification,enhancinggovernancestandardsandfosteringpolicyresearch.
1.3.3BeliefNISMenvisionsacatalyticroleinpromotingsecuritiesmarketsresearchandeducation,through:•closeinterfacewithpolicymakers,regulatorsandindustryparticipants•continuousknowledgecreation,acquisitionand dissemination•collaborationwiththelargereducationalandmarket infrastructuretoreachconstituenciesrelevanttothe securitiesmarkets
1.4BoardofGovernorsNISMisanautonomousbodygovernedbyaBoardofGovernorswithstrategicguidancefromaninternationalAdvisoryCouncil.•Mr.U.K.Sinha,Chairman,SEBI(Chairman,Boardof Governors)•Mr.M.S.Sahoo,WholeTimeMember,SEBI•Dr.K.M.Abraham,WholeTimeMember,SEBI•Dr.K.P.Krishnan,SecretarytoPrimeMinister’s EconomicAdvisoryCouncil•Dr.K.R.S.Murthy,FormerDirector,IIMBangalore•Mr.Y.C.Deveshwar,Chairman,ITCLtd.•Mr.M.B.N.Rao,FormerChairman&Managing Director,CanaraBank•Mr.PratipKar,Consultant,GlobalCorporate GovernanceForum,InternationalFinanceCorporation•Dr.MohanGopal,Director,NationalJudicialAcademy,Bhopal•Mr.P.K.Nagpal,ExecutiveDirector,SEBI•Mr.RafiqDada,SeniorAdvocate,HighCourt,Mumbai•Prof.G.Sehtu,OSD-In-Charge,NISM
1.5AcademicCouncil•Dr.PritamSingh,ProfessorofEminence,ManagementDevelopmentInstitute,Gurgaon•Prof.R.Vaidyanathan,ProfessorofFinance,IIM, Bangalore•Dr.SanjayKallapur,SeniorAssociateDean-Faculty andResearch,IndianSchoolofBusiness,Hyderabad•Dr.AjayShah,Professor,NationalInstituteofPublic FinanceandPolicy,NewDelhi•Prof.G.Sethu,OSD-In-Charge,NISM
Certificate in Financial Engineering and Risk Management �
2CFERM ProgrammeTheCFERMprogrammeisanexecutivecertificateprogrammeinfinancialengineeringandriskmanagement.Ithasbeendesignedforworkingprofessionalsintreasuryandriskmanagementfunctionswhocannotattendfull-timeprogrammes.TheCFERMprogrammewillbeofferedbyNISMatVashi.
Certificate in Financial Engineering and Risk Management�
2.1WhyCFERM?TheCFERMprogrammeaddressestheneedsofaspiringfinanceprofessionalstofurthertheircareerinthefieldoffinancialengineeringandriskmanagement.ItopensupcareeroptionsinthefinancialsectorinIndiaandabroad.Onsuccessfulcompletionoftheprogramme,candidateswouldhaveacquiredtheknowledgeto:•Designandunderstandnewfinancialproductsand financialsolutions•Managethetreasurymoreeffectively•Implementfinancialsolutionsforbanks,corporate andotherentitiesinthefinancialsector•Assessandevaluatevariousfinancialengineeringandriskmanagementsolutionsofferedbyvendors•Addresstheriskmanagementissuesatstrategicand operationallevelsofanorganization
2.2WhyshouldorganizationsencourageCFERM?Inthemodernworld,organizationsseektoeffectivelyutilizefinancialresourcestomeetbusinessrequirements.Financialengineeringofferscustomizedfinancialsolutionstowardsthis.Further,riskmanagementinorganizationshasbecomeacorestrategicfunctiontoday.Therefore,ithasbecomenecessarythatanorganizationhasateamoffinancialengineeringandriskmanagementprofessionalstodischarge,overseeandguidethispivotalresponsibility.
CFERMoffersanin-depthunderstandingfromthepointofviewofsellers,buyers,analystsandregulatorsasopposedtothecurrent‘black-box’approach.TheCFERMprogrammewillresultinawin-winsituationforprofessionalsengagedintreasuryandriskmanagementfunctionsandtheiremployersin:•Banks•PMS•MutualFunds•InsuranceCompanies•PensionFunds•PrivateEquityCompanies•HedgeFunds•InvestmentBanks•StockBrokingfirms•FirmsthattradeinCommodities,Currenciesand otherInstruments•CreditRatingAgencies•SecuritiesResearchfirms
•IT&ITES,KPOfirmsengagedinAnalytics,QuantitativeResearchandBusinessSolutions
2.3WhatdoesCFERMoffer?Thelevelofsophisticationandcomplexityofthesubjectmeritsaclassroom-basedprogramme.ThroughtheCFERMprogramme,NISMaimstoprovidethefinancialmarketswithacadreofprofessionalswell-versedinskillsaswellasknowledgeoffinancialengineeringandriskmanagement.
TheCFERMprogrammeoffers:•Approximately300hoursofclassroomsessions•Ateamofhighlyqualifiedandexperiencedfaculty membersdeliveringthemodules•Acombinationoftheoryandpractice(twomodules: BasicandAdvanced)•Acombinationofmathematics,statistics,financial economics,computationalfinance,financialmodellingandriskmanagement•Experiencedindustryprofessionalssharingtheir knowledgewithparticipants•Continuousevaluationthatmotivatesparticipantsto delivertheirbest•Multiplepedagogyconsistingofinteractiveclassroomsessions,simulations,casediscussions,projectwork, andseminars•Thelatestdevelopmentsinthefieldbroughtintothe classroom•Apeergroupofstudentswithwhomonecaninteractandlearnbysharingexperiences
2.4HowisCFERMunique?CFERMhasseveraluniquefeatures:•Convenientclasstimingstosuittheneedsofworkingexecutives•Rigorousandwell-designedcurriculumwithemphasisonclassparticipation•Ateamofbest-in-classfaculty•Accesstostate-of-the-artlibraryandcomputing facilitieswithlatestsoftwaresuchasR,SASand financialdatabasessuchasBloombergandothersforfinancialmodellingandsimulation•Reinforcementofconceptsthroughcasestudies•RelevantexamplesandcasestudiesfromtheIndian scenario
Certificate in Financial Engineering and Risk Management �
2.5ProgrammeFormat:CFERMprogrammeisofferedintwodifferentformats(AandB)toenableminimaldisruptionofworkschedulesforprofessionalsworkinganywhereinIndia.
TotalDuration:Approximately300Hours
FormatA:Weekend programme at Vashi.Participantsarerequiredtoattend9hoursofclassroom/technicalsessionsduringeachweekend(i.e.SaturdaysandSundays)foraperiodof9months.Thisformatissuitableforparticipantswhoprefertoattendclassesduringweekends.
Location:NationalInstituteofSecuritiesMarkets,Vashi,NaviMumbai
FormatB:Residential programme at Vashi.Underthisformatthe,programmewillbeofferedinfourmodules.EachmodulewouldhaveadurationofninedaysstartingfromaSaturdaytotheSundayofthenextweek.Inall,aparticipantwouldhavetotakeatotalleaveof20daysfromofficeduringtheyeari.e.fivedays(Monday–Friday)ineachquarteroftheyear.Atimetableofclassroom/technicalsessionsisprovidedbelow.Residentialaccommodationcanbeprovided,subjecttoavailability,atNISMNiwas,Vashiatanominalcost.Thisformatallowsenrolmentforout-stationparticipantsinterestedintheprogramme.
Location:NationalInstituteofSecuritiesMarkets,Vashi,NaviMumbai
Theprogramdeliverywillincludeclassroomsessions,projectsandgroupwork.ThecandidateswillhaveaccesstolibraryandothercomputingfacilitiessuchasR,SASandfinancialdatabasessuchasBloombergandothersforfinancialmodellingandsimulation.
PleasefindthecalendarbelowforthescheduledclassesinFormatB.Theclasseswilltakeplaceonthehighlighteddates.
JULY2011
S M T W T F S
31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 1617 18 19 20 21 22 23
24 25 26 27 28 29 30
SEPTEMBER2011
S M T W T F S
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4 5 6 7 8 9 10
11 12 13 14 15 16 1718 19 20 21 22 23 24
25 26 27 28 29 30
OCTOBER2011
S M T W T F S
30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 1516 17 18 19 20 21 22
23 24 25 26 27 28 29
NOVEMBER2011
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 1920 21 22 23 24 25 26
27 28 29 30
JANUARY2012
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 2122 23 24 25 26 27 28
29 30 31
MARCH2012
S M T W T F S
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4 5 6 7 8 9 10
11 12 13 14 15 16 1718 19 20 21 22 23 24
25 26 27 28 29 30
“BasicModuleexamforFormatAandB”
Module1 Module2
Module2 Module3 Module4
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2.6ProgrammeDesign:Context,ContentandSequencingTheCFERMprogram#comprisesoftwomodules:BasicandAdvanced.TheBasicmoduleaimsatpreparingtheparticipanttoacquirethenecessaryknowledge
inMathematicsandStatisticstounderstandandappreciatefinancialengineeringmodels/products.TheAdvancedmodulecoversapplicationandpracticalphasesoftheCertificateinFinancialEngineeringandRiskManagementprogramme#
BasicModule
FormatA:ClassroomsessionsspreadoverweekendsfromJuly16toSeptember18,2011FormatB:ClassroomsessionsfromJuly16toJuly24,2011
MathematicsforQuantitativeFinancialRiskManagement 30hrsStatisticsforQuantitativeFinancialRiskManagement 33hrs
OnlythosewhosucceedintheBasicModulewrittenexamwouldqualifyfortheAdvancedModuleofCFERM.TentativedateofwrittenexamisSeptember25,2011.
AdvancedModule
FormatA:ClassroomsessionsspreadoverweekendsduringOctober2011toMarch2012FormatB:ClassroomsessionsduringOctober29–November7,2011;January21–January29,2012,andMarch9–March18,2012
FinancialEngineering–Frameworks 10hrsFinancialEconomics 30hrsEquity,CurrencyandCommodityDerivativespricing 30hrsRiskManagement–I 30hrsRiskManagement–II 30hrsAppliedFinancialEconometrics 30hrsFinancialModeling 20hrsFinancialEngineering–Applications 30hrsProjectDissertation,Seminar/WorkshoponcontemporaryFEissues 24hrs
#NISMreservestherighttoadd,modify,mergeordeleteanyoftheabovementionedprogrammecalendar/courses/topicsforoverallbenefitoftheprogramme.Evaluationforallsubjectsincludesclasstests,surprisequizzes,practicalexercises,assignments,mid-termexamandfinalexam.Theactualimplementationofanyofthethreeformatsdependsontheminimumnumberofparticipantsenrolledforit.Incasetherearenotenoughparticipantsforaparticularformat,itwillbemergedwiththeformatthathastherequirednumberforparticipants.
All participants are required to get their personal laptops for the programme.
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2.7EvaluationandAwardofCertificate
2.7.1EvaluationCFERMstudentswillbeevaluatedonthefollowing:•Pre-classpreparation•Classparticipation•Quizzes•Assignments/practicalexercises•Mid-termandend-termexaminationsand/orany otherproceduretheInstitutemayprescribefromtimetotime.
2.7.2AwardofCertificate1.CertificatewillbeawardedonlytothosestudentswhosuccessfullycleartheBasicandAdvancedModuleexaminationsandmeetthecriterialaiddownbytheboardofexaminers.
2.InordertobeadmittedtotheAdvancedModule,studentsarerequiredtocleartheBasicModuleexamwithaminimumof50%.CandidateswhoareunabletocleartheBasicModuleexamarepermittedtoreappearonce,inthenextacademicsession.Noextrafeewillbechargedforthisexam.CandidateswhodonotcleartheBasicModuleexaminthesecondattemptwillnotbeadmittedtotheAdvancedModule.SuchcandidatesshallreceiveaparticipationcertificatefortheBasicModuleiftheymeetthespecifiedattendancecriteria.
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3 Eligibility Criteria and Admission Procedure
3.1EligibilityCriteriaThefollowingacademicqualificationsandworkexperiencearerequired:AcademicQualificationsGraduatefromanyrecognizedIndianuniversityorequivalentWorkExperiencePreferencewillbegiventocandidateshavingworkexperience
Candidateswillbeshortlistedforinterviewsonthebasisofacademicqualificationandworkexperience.
3.2AdmissionProcess1.Allapplicationsreceivedwillbescrutinizedandonlyshortlistedcandidateswillbecalledforpersonalinterviews.Candidateswhoareshortlistedwillbeintimatedthroughemailand/ortheInstitute’swebsiteonJune6,2011.2.ThepersonalinterviewswillbeheldatMumbai/NaviMumbaiduringJune17-19,2011.Theexacttimingwillbeintimatedinthecommunicationsenttoeach
candidateappearingforthepersonalinterview.3.Afterthepersonalinterview,afirstlistofcandidatesselectedforadmissiontotheBasicModulewillbeannouncedontheNISMwebsite.Therespectivecandidateswillalsobeinformedthroughemail/letteronJune24,2011.4.NISMreservestherighttopostponeorcancelthedateofpersonalinterview/s.CandidatesareadvisedtovisittheInstitute’swebsitefromtimetotimeforanychangesandotherinformation.5.Allexpensesincurredforattendingthepersonalinterviewsshallbebornebythecandidate.NISMwillnotbearorreimburseanyexpenditureinthisregard.
3.3ProspectusandApplicationFormTheprospectusandapplicationformcanbedownloadedfromtheInstitute’swebsite:www.nism.ac.in.CandidatescanalsoobtaintheapplicationformalongwithprospectusfromtheInstitute’sofficeatVashi(Mumbai).Applicationformdulyfilledinallrespects,
Certificate in Financial Engineering and Risk Management 1�
alongwithademanddraftofRs.500/-(Rupeesfivehundredonly)drawninfavourof“NationalInstituteofSecuritiesMarkets”payableatMumbai,shouldbesenttothefollowingaddresswiththenameoftheprogrammeontopoftheenvelope:
CFERMAdmissionsOfficeNationalInstituteofSecuritiesMarkets,NiSMBhavan,PlotNo.82,Sector17,Vashi,NaviMumbai–400705
3.4Lastdateforreceivingdulyfilled-inapplicationsInterestedcandidatesshouldsendtheirdulyfilledapplicationformalongwithademanddraftofRs.500(Rupeesfivehundredonly)soastoreachtheInstituteonorbeforeMay27,2011.Incompleteformsandformsreceivedaftertheduedatewillnotbeaccepted.PleasedoNOTenclosecopiesofanycertificatealongwiththeapplicationform.
3.5ImportantDatesLastdateforSubmissionofcompletedApplicationFormMay27,2011
ListofcandidatesshortlistedonthebasisofacademicandexperiencecriteriaforpersonalinterviewsJune6,2011
PersonalInterviewsofshortlistedcandidatesJune17-19,2011
AnnouncementofselectedcandidatesJune24,2011
LastdateforpaymentoffirstinstalmentofRs.30,000July4,2011
InauguralSessionofCFERMJuly16,2011
BasicModulewrittenexamSeptember25,2011
AnnouncementofBasicModuleexamresultsontheInstitute’swebsiteSeptember30,2011
LastdateforpaymentofsecondinstalmentOctober10,2011
LastdateforpaymentofthirdinstalmentJanuary21,2012
ThelistofimportantdateswillremainsameforbothformatsofCFERM.
3.6FeesandDepositsThetotalfeeisRs.1,50,000/-(Rupeesonelakhfiftythousandonly).Thefeeispayableinthreeinstalmentsasfollows:
•Firstinstalment:Rs.30,000/-(tobepaidwhenthe candidateisofferedadmissiontotheprogramme,onorbeforeJuly4,2011.)•Secondinstalment:Rs.60,000/-(tobepaidatthe beginningofAdvancedModule,onorbeforeOctober10,2011.)•Thirdinstalment:Rs.60,000/-(tobepaidonorbeforeJanuary21,2012.)
Thebreak-upofthefeeisasunder:
Sr.No. Particulars Amount(Rs.)
1 Tuitionfee 1,20,000
2 Courseware 10,000
3 Examinationfee 10,000
4 Libraryfee 10,000
Total 1,50,000
3.7EnquiriesAllacademicenquiriesmaybemailedtoMs.KavithaRanganathan,[email protected]
3.8ForceMajeureTheInstitutereservestherighttopostponeorcancelthedatesofpersonalinterview/test.Also,theInstitutereservestherighttomodify/changetheprogrammeschedules,etc.TheInstitute’sdecisioninthisregardshallbefinalandbindingonallparticipants.AllcandidatesarealsoadvisedtovisittheInstitute’swebsiteregularlyforanyupdatesregardingtheprogramme.
Certificate in Financial Engineering and Risk Management1�
4 Faculty
4.1Full-time/AdjunctFacultyProf.G.Sethu:Prof.Sethuhas33yearsofexperienceinteaching,research,advisory,andadministration.HereceivedhisB.Tech(Honours)fromtheIndianInstituteofTechnology(IIT),Kharagpur;hisM.TechfromIIT,MadrasandaDoctorateinManagementwithspecializationinFinancefromtheIndianInstituteofManagement(IIM),Ahmedabad.HehasservedintheIndianAdministrativeService(IAS)during1981-1991andwaspartofXLRIJamshedpurandtheUTIInstituteofCapitalMarkets.
HehasalsobeenamemberofmanycommitteesformedbySEBIandvariousindustryandeducationalbodies.Hehasservedasboardmemberonmanycompanies.Asvisitingprofessor,hehastaughtCorporateFinanceandInvestmentManagementtoMBAstudentsinvariousinstitutesincludingIIMAhmedabad,IIMIndoreandIITMumbai.
Prof.SunderRamKorivi:Prof.KoriviisanMA(Economics&PoliticalScience)andPhD(BusinessPolicy&Administration)fromtheUniversityofMumbai.HeisaFellowoftheInstituteofCharteredAccountantsofIndia,AssociateoftheInstituteofCost&WorksAccountantsofIndiaandanAssociateoftheInsuranceInstituteofIndia.Afull-timefacultymemberatSPJainInstituteofManagement,helaterbecameaProfessoratNMIMSUniversity,wherehealsoservedastheHeadofDepartmentsofFinanceandEconomicsandastheDeanoftheSchoolofBusinessManagement.HehasalsoservedonvariousBoardsoftheUniversity,viz.,BoardofManagement,AdvisoryBoard,Planning&MonitoringBoardandastheConveneroftheAcademicCouncil.
HisinterestsareinthefieldsofFinancialReporting,FinancialInstitutions&MarketsandFixedIncomeSecurities.Hehasconductedpolicy-orientedresearch
Certificate in Financial Engineering and Risk Management 1�
fortheCentralandStateGovernments.AnadjunctfacultyatIIMKozhikode,hehasalsolecturedatNIBM,NIA,NITIEandotherinstitutesofnationalimportance.Inadditiontoauthoringpapersinnationaljournalsandinternationalconferences,hehasguidedandrefereedPhDstudies.
Dr.KiranKumar:Dr.KiranKumarholdsaPhDinFinancefromtheIndianInstituteofScience,BangaloreandanMAinEconomicsfromHyderabadCentralUniversity.HisresearchfocusesonMarketMicrostructure,Derivatives,andAppliedFinancialEconometrics.HehasreceivedfiveBestPaperawardsinnationalandinternationalconferencesandhaspublishedtenresearchpapers.HehasdeliveredlecturesatseveralresearchworkshopsincludingSASWorkshopforResearchersatIndianSchoolofBusiness,StructuralVARModelsatRBIStaffCollege,andEconometricsWorkshopofIndianEconometricSociety.
Earlier,Dr.KiranKumarwaswiththeCentreforAnalyticalFinance,IndianSchoolofBusinessasSeniorResearcherandResearcheratICICIResearchCentre,Chennai.AtNISM,inadditiontohisteachingandresearchresponsibilities,Dr.KiranKumarisalsotheProgrammeDirectorofthenine-month“CertificateinFinancialEngineeringandRiskManagement”programmeandisalsoassociatedwiththeSchoolforSecuritiesInformationandResearchinbuildingtheNetworkforSecuritiesMarketData.
Ms.PoonamMehra:Dr.PoonamMehraholdsaPhDfromtheIndiraGandhiInstituteofDevelopmentResearch(IGIDR),Mumbai.ShehasbeenaPhDscholaratUniversityofHamburgundertheEuropeanUnion’sAsialinkScholarshipProgramme(December2006).SheisaGoldmedallistinEconomics(MSc)withspecializationinEconometricsandIndustrialOrganization.HerteachinginterestsincludeEconomicsforSecuritiesMarkets,Mergers&Acquisitions,andEconometricsandRegulationinSecuritiesMarkets.HerresearchinterestsincludeAppliedEconometrics,CorporateFinance,InstitutionalEconomicsandAppliedGameTheory.Shehaspublishedpapersininternationaljournalsandhaspresentedherresearchworkinseveralinternationalconferencesandworkshops.
DrRachanaBaid,AdjunctAssociateProfessorDr.RachanaBaidisanMCom(Goldmedallist)andaPhD.ShespecializesinFinancialSystemsandRegulatory
Policy.ShehasundertakenconsultingassignmentswithmultilateralagenciessuchastheWorldBankandhasbeenavisitingfacultyatIIMIndoreandSPJainInstituteofManagement.ShehasalsoservedasanAssistantProfessorattheUTIInstituteofCapitalMarkets,Mumbaiforaboutadecade.
Mr.SuneelSarswat:Mr.SuneelSarswatisanMScinStatisticsandInformaticsfromtheDepartmentofMathematics,IITBombay.BeforejoiningNISM,hehasworkedwithBankofAmericaonFinancialAnalytics.HehaskeeninterestinComputationalFinanceandiswellversedinVisualBasic,C++,Matlab,R,PERLandotherprogramminglanguagesusefulinFinancialEngineering.Heisengagedinvitalprojectssuchastheapplicationofneuralnetworksinfinancialanalysis,creditratingsandtradingalgorithmsinvolvingpatternrecognition.
4.2VisitingFaculty
Dr.S.Sundararajan:Dr.Sundarajan,aProfessoratMSBarodaUniversity,isanMA(Economics),LLB,MBA(Wisconsin),andaPhD.HeisanexpertinSecuritiesMarketsandRiskManagement&Derivaties.HeisalsoavisitingfacultyatSPJainInstituteofManagementandGreatLakesInstituteofManagement.
Dr.M.Venkateswarlu:AnMComandPhDfromOsmaniaUniversity,Hyderabad,Dr.VenkateswarluisaseniorfacultymemberattheNationalInstituteofIndustrialEngineering(NITIE).HehasbeenteachingInternationalFinance,FinancialDerivativesandFinancialEconomicsforthepastseveralyears.HeisthearchitectoftheCRISILCertifiedAnalystProgramme(CCAP),anadvancedweekendexecutiveprogramme.HehasworkedondevelopingaVolatilityIndexandhasseveralresearchpaperstohiscredit.
Mr.B.Venkatesh:FounderandManagingPrincipalofNaveraConsulting,Mr.Venkateshcreateswealthmapsthatenablepeopletorealizetheirinvestmentobjectivesandachievefinancialfreedom.Heisalsoactivelyinvolvedinprovidinginvestorlearningsolutions,includingcorporatetrainingandopen-houseworkshops.HeisaCFAcharter-holderfromtheCFAInstitute,US.Besides,heholdsFRMcertificationfromGARP,USand
Certificate in Financial Engineering and Risk Management1�
PRMcertificationfromPRMIA,US.HeisalsoaFellowMemberoftheInstituteofCharteredAccountantsofIndiaandaGraduateMemberoftheInstituteofCostsandWorksAccountantsofIndia.
Dr.KavitaLaghate:AnMSc(Statistics)andPhD,Dr.LaghateisafacultymemberatJamnalalBajajInstituteofManagementStudies,UniversityofMumbai.HerareasofspecializationareStatistics,OperationResearch,QuantitativeModels,QuantitativeFinanceandResearchMethods.
Ms.MonitaJoshiKhamkar:AnMBA(Finance)fromNMIMSUniversityandaFellowoftheInsuranceInstituteofIndia(F.I.I.I.),specializinginLifeInsurance,Ms.Khamkarhasover14yearsofexperiencewithLICofIndiaandotherinsurancecompaniesinunderwriting,financeandrelatedfunctions.SheteachesFinancialMathematicswithapplicationsininvestmentsandactuarialscience.
Mr.SanjoyChoudhury:FounderandDirectorofRadiantConsulting,Mr.ChoudhuryisavastlyexperiencedfinancialmarketprofessionalintheBanking&FinancialServicesIndustry.Hehasdiverseexperiencespanningmulti-nationalbanks(ICICIBank),multi-nationalfinancialservicesorganization(GlobeOp),multi-nationalfinancialinformationservicesorganization(Telerate)andpremiumresearchhouses(Credence)forapproximately15years.HeisanMBAandanFRM.
Mr.T.S.Anantakrishnan:ACFA(US),MBAFinanceNYUSTERNUS,FinancialRiskManager(FRM,US)Mr.AnantakrishnanhasservedinseniorpositionsinRiskandPortfolioAnalyticsinlargehedgefundsandInvestmentbanks.Heservedas
DirectorRiskAdvisorforShumwayCapital,USAaswellasininvestmentorganizationslikeGoldmanSachsintheAssetManagementdivision.Hehasover10yearsofexperienceinportfolioanalyticsandriskmanagement.HeisalsoaregionaldirectorfortheIndiaChapterofGARP.HeregularlyfeaturesonCNBC,NDTV,etc.offeringhisviewsontheIndianMarkets.
Mr.ChandreshShah:CurrentlyworkingwithTataCapitalLtd.asVicePresident-CorporateRiskManagement,Mr.Shahhasmorethan15yearsofexperienceintheareaofBanking,CapitalandSecuritiesMarket.HispastassignmentsincludeRiskManagementrolesatStandardChartered,HSBC,SBI&HDFCSecurities.AsCROatSBIAssetManagement,hewasinstrumentalinsettinguptheRiskFunctionforInvestmentManagementanddevelopedInternalModelsforriskmeasurement.
AsHeadofRiskManagementatHSBCAssetManagementheplayedakeyroleinimplementingGlobalRiskManagementBestpracticesofHSBCinIndia.AtStandardCharteredBank,hedevelopedkeymetricsforMarketRiskandAssetliabilitiesManagement.HeisaCostAccountantandaPostgraduateinManagementfromtheUniversityofMumbaiandholdsaCFAcharter.MrShahisalsoacertifiedFRM.
Mr.AkhlaqueAhmedMr.AkhlaqueAhmedisanMSC(Mathematics)fromAligarhMuslimUniversityandanMPhilfromtheUniversityofMumbai.HeisassociatedwiththeBScprogrammeoftheLondonSchoolofEconomicsandPoliticalSciencesconductedatMumbai.HisaresofinterestincludeFinancialMathematicsandQuantitativeFinance.”
PleaseRemember
•ApplicationformdulyfilledinallrespectsalongwithdemanddraftshouldreachtheinstituteonorbeforeMay27,2011.
•Institutereservestherighttochangeorcancelthedatesofthepersonalinterview.Candidateswillbeinformedinadvancedbye-mailincaseofsuchchanges.CandidatesareadvisedtoregularlyvisittheInstitute’swebsitefortheupdatedinformation.
•Resultsoftheinterviewswillbeintimatedtothesuccessfulcandidatesthroughe-mailandthesamewillbedisplayedontheInstitute’swebsite.Noseparatecommunicationwillbesentinthisregard.Hence,candidatesareadvisedtochecktheire-mailandalsotheInstitute’swebsiteonaregularbasis.
Allcorrespondencetobesenttothefollowingaddress:CFERMAdmissionsOfficeNationalInstituteofSecuritiesMarketsNISMBhavan,PlotNo.82,Sector17,Vashi,NaviMumbai–400705Tel:022-66735100-05Fax:022-66735110Email:[email protected]:www.nism.ac.in
NATIONAL INSTITUTE OFSECURITY MARKETS
an educational initiative by Sebi