Quantitative Risk Management
Introduction
As modern financial institutions face various risks from a wide range of financial and non-financial sources, measuring and managing these risks have become a vital part of their daily and strategic decision-making process. Due to the interconnectedness of the international financial system, we now witness that the consequences of financial risks can not only affect individual institutions, but all of society. Quantitative Risk Management (QRM) is a multidisciplinary program designed to give students opportunities to study advanced quantitative methods and models used in the modern financial world. After completion of the program, successful students will be able to start careers in various positions in financial risk management. QRM has a vision to nurture interdisciplinary global talents for financial risk management by creating synergistic effects which transcend traditional academic disciplines such as economics, statistics, actuarial science, and other relevant fields.Download QRM Degree Requirements
Curriculum
As an interdisciplinary program, QRM covers a wide range of academic disciplines, such as economics, applied statistics, mathematical finance, and actuarial science. It offers a rich, yet mathematically rigorous, curriculum that enables students to understand, measure, and manage the risks underlying diverse financial models and the economy. In particular, students will learn the system of the financial market, the risks underpinning the market, and ways to measure, monitor, and manage those risks. Subjects taught include: macro and micro economics, statistical models for financial markets and products, fixed income securities and related risks, equity models, financial derivatives and structured products, credit and operational risks, financial engineering, life and non-life insurance loss models, asset-liability management, regulation, and other risk analytics.
Careers
Our program provides students with a strong foundation in quantitative risk management. After completing the program successfully, QRM graduates will be well prepared for careers as qualified professionals within financial institutions such as banks, securities firms, insurance companies, asset management firms, ratings agencies, and consulting firms, as well as other private organization that require advanced skills in risk management. Public sector jobs, such as those in regulatory authorities, are an alternative career choice. QRM graduates can also pursue higher education, or work for government and private research institutes and universities.
Faculty
Qualified faculty members of Yonsei University from diverse disciplines will teach the courses offered at QRM. The faculty members have expertise in multitude fields such as economics, statistics, mathematics, and quantitative analysis for financial risk management. All faculty members have years of proven records in teaching and research in the field of QRM, and some of them are nationally acclaimed academics in their fields.