What is a Financial Risk Management Course

Introduction

The more things change, the more they remain the same, it is said, and rightly so. The world of finance is a prime example of this adage. Finances aren’t the same anymore with their aspects, elements and innovations. The rapid pace of human development has seen countless new terms such as crypto, digital money, etc. thrown around, a mark of our times. On the other hand, the aims and goals around finances remain the same, i.e., the three Ps:  

1. Profitability
2. Protection
3. Permanence

This is why the past few years have seen the importance of a financial risk management course increase so substantially. Financial risk management is the act of predicting, observing, documenting, analyzing and mitigating any factors that may pose a risk to the financial health of the company. A wide-ranging subject, financial risk management covers an array of aspects, all titled towards sustaining and protecting the finances of a firm. The growing importance of the domain has manifested in real time in the boom of career opportunities available in the field, and candidates with FRM certifications have a chance to shine.

Why FRM Certification

One might ask why a specialized certificate would be needed. This is largely due to the fact that specialized candidates are all the demand amongst firms looking to hire. The alternative to hiring trained candidates would be to train their current human resources which would incur higher costs in terms of:

1. Money,
2. Time, and

• Energy

In contrast, any candidate with a specialized certificate in the domain is bound to be a priority hire for firms as they promise focused talent and better productivity than their peers. There are only a few options if a student is interested in pursuing a financial risk management course in India.

The best option would be the PG in Risk Management by Global Risk Management Institute.

PGDRM by GRMI 

GRMI was founded and is overseen by a board of governors consisting of professional risk experts, global corporate leaders and academic veterans. The founders observed and acknowledged the need for trained risk professionals in India, and the world, and set about creating a curriculum that would reflect the changing standards of the industry.

The course is a 1-year, on-campus, job-oriented risk programme that covers not just financial but other risk management verticals such as:

• Corporate Governance
• Strategic Risk Management
• Business Value Chain and Operating Models
• Process Mapping, Enhancement and Value Stream Mapping
• Concepts of Enterprise Risk Management
• IT Risk Management
• Applied Data Analytics
• Applied Cyber Security
• Regulatory and Compliance Risks, etc.

This makes it a great alternative to any other financial risk management courses in India as it covers larger ground while still retaining the focus on financial risk management. GRMI’s financial risk management course details such as the financial risk management course fees and particulars of the subjects covered can be found on the website.

Eligibility

The financial risk management course eligibility criteria for GRMI’s flagship programme are extremely simple:

1. At least 50% marks in graduation, and
2. An interest in the subject of Risk Management.

The course is open to all streams and courses, ensuring a diverse set of students from various walks of life. Moreso, we do not require any entrance exam scores, instead relying on rounds of interviews and case studies to assess potential students. This ensures that the selection of students isn’t arbitrary or miscellaneous but rather, the students’ talents, interests and strengths are judged judiciously, a factor that contributes greatly towards the quality of the programme.

Duration

The course is a 1-year programme, and is touted as the best 1-year course after graduation for students looking to take their careers to greater heights.

The course is divided into two parts:

• 10 months of classroom learning at the GRMI campus in the corporate center of Delhi-NCR
• 2 months of internship at the top firms in the country

This helps the students gain important practical and hands-on experience.

Job Opportunities

GRMI graduates have many opportunities in front of them post-completing the course. GRMI boasts of a placement track record of 97%, with the Average and Median CTCs clocking in at ₹9.5 LPA and ₹9.25 LPA, respectively. GRMI’s trained risk professionals have gone to work in firms such as:

1. EY,
2. KPMG,
3. PwC,
4. Deloitte,
5. Accenture,
6. American Express,
7. Titan, etc.

They have been employed in a myriad of roles and domains in the field, including but not limited to:

• Financial Risk Manager,
• Financial Reporting,
• Technology Risk Management,
• Internal Audit,
• Business Risk Consultancy,
• Chief Risk Officer, etc.

There are quite a few reasons why GRMI graduates are more likely to succeed in the industry than their peers.

1. The curriculum has been specially designed by industry experts according to the changing standards of the economy.
2. The faculty consists of academic veterans and industry professionals who are readily available to solve doubts.
3. Multiple global leaders hold live sessions regularly at GRMI which ensures that their perspectives inform the insights of the students.
4. Students go through multiple case studies and group assignments, providing a real-time corporate simulation.
5. The placement committee is extremely dedicated, working tirelessly to curate and confirm the best opportunities for students.

Conclusion 

GRMI’s course sets itself apart from all other financial risk management courses in the country. Its practical approach, hands-on experience and faculty expertise are just some of the differentiating factors.

With the risk market growing in India (it currently employs nearly 10k people, a number that is set to quadruple in the next couple of years), a trained risk professional is bound to be at the top of firms’ most-wanted lists. Our alumni success stories are also evidence of their having cracked the code. Any student looking to master financial risk management (among other verticals) should opt for this course. Contact our admissions team to find out more!