Financial engineering and risk management

Financial Engineering and Risk Management (FERM) is an interdisciplinary field of financial theory, mathematical methods, computational tools and programming offered by the Department of Mathematics.

  • The learning outcomes /criteria of the program of Financial Engineering and   Risk Management are based on the educational objectives and the ABET standards. After graduation, students of FERM will have specific knowledge and skills as follows:
  • A  good basic knowledge in Mathematics and Information Technology (IT),  and an ability to apply the computational techniques in the field of Financial Engineering and Risk Management: Students master basic mathematical tools and information technology serving modern financial techniques such as probability, statistics, stochastic process, random optimization, financial mathematics,  theory of modeling and numerical simulations, risk management, computer programming, computer networks, management information systems, parallel computing.... Students are equipped with knowledge from the application perspective, accompanied by applications in the financial models and risk management.
  • A general knowledge in finance, risk management and selection of models, computational tools to handle practical issues:  Students get enough specialized financial knowledge to be able to understand the operation of financial systems, financial analysis, financial modeling, application of quantitative methods of quantitative finance, financial economics, analysis and financial risk management. Students have mathematical skills that are closely integrated with basic skills in finance. On the other hand, with specialized knowledge in IT, students also have the ability to create and develop new IT tools to serve specific job demands, the ability to analyze and compute in order to give optimal options, and exact forecasts. This helps students to have the ability to engage and manage the diverse work in finance, and in particular, advisory to make decisions or involving financial management and risk analysis in the future.
  • Ability to apply knowledge: Students have enough specialized   knowledge to be able to participate in multidisciplinary teams, to implement  practical activities of  domestic and/or international economic and financial firms such as International Monetary Fund (IMF), World Bank (WB), International Finance Fund (IFC), the state bank, ... and other financial institutions such as financial investment funds, banks, company; financial analysis and stock companies, insurance companies or businesses in need of financial analysis and risk management.  Students have the basic skills to work in banks, finance and/or insurance companies, etc.
  • Build financial models and propose solutions: Students are able to participate in various stages in building financial models,  to  setup model, calculate, forecast,  finalize and propose  solutions and plans for problems of  financial risks.
  • Ability to organize:  Students are able to organize activities of financial companies, banks, and stock companies, insurance companies, financial departments of other enterprises, to understand the mechanism of functioning of domestic and international financial markets. Students are able to work in multidisciplinary teams, to formulate, design financial models and implement research projects in finance, risk management.
  • Ability to select and analyze the financial models, detect and solve professional problems: Having ability to select, analyze and improve financial models, forecast and support in making decisions, constructing and implementing the investment projects in finance and financial risk management for enterprises, build analytical financial models and forecast for businesses and society.
  • Ability to communicate effectively and function on multidisciplinary teams: Having good communication skills (writing, speaking,...) in the professional environment as well as non-professional environment;  the ability to use English fluently in communication;  the skills to work well in an international environment (multicultural environment); spirit and skills of effective teamwork, high professionalism.
  • Ability of professional self-improvement and an attitude of high responsibility: Always striving to work to achieve the highest quality; self-improvement, accepting different opinions and criticisms, debating in a spirit of high responsibility for progress and for the common goal.
  • Politics and ethical responsibility: Students have proper understanding of the guidelines and policies of the Communist Party of Vietnam and State, proper worldview and cognitive ability, ability to assess phenomena logically and positively. Students have good personal morality and good ethical and high responsible to the community.
  • Students have a proper understanding of the profession and the impact of proposing solutions and plans to the society and the world.

Table 1: Knowledge of General Education

No

Sub ID

Subject

Credits

Lab
(*)  

Note
(**)

Total

Theory

Practice / Laboratory

% Practice / Total credit

Political Theory-Social Sciences and Humanities Subjects

13

13

0

0

 

 

1.

PE011IU

Principles of Marxism

5

5

 

 

 

 

2.

PE003IU

Vietnamese Communist Party

3

3

 

 

 

 

3.

PE005IU

HCM’s Thoughts

2

2

 

 

 

 

4.

PE008IU

Critical Thinking

3

3

 

 

 

 

 Mathematics

19

 19

 

 

 

 

5

MAFE101IU

Analysis 1

4

4

 

 

 

 

6

MAFE103IU

Analysis 2

4

4

 

 

 

 

7

MAFE203IU

Analysis 3

3

3

 

 

 

 

8

MAFE104IU

Linear Algebra

4

4

 

 

 

 

9

MAFE202IU

Differential Equations

4

4

 

 

 

 

 Informatics

 4

 3

 1

 

 

 

10

MAFE102IU

Programming C/C++

4

3

1

25

 

 

 Economics-Financial

 6

 6

 

 

 

 

11

BA117IU

Introduction to Microeconomics

3

3

 

 

 

 

12

BA119IU

Introduction to
Macroeconomics

3

3

 

 

 

 

English courses

8

8

0

0

 

 

13

EN007IU

Reading & Writing IE1

Listening & Speaking IE1

2

 

 

 

 

 

14

EN008IU

Reading & Writing IE2
Listening & Speaking IE2

2

 

 

 

 

 

15

EN011IU

Writing    AE1
Listening AE1  

2

 

 

 

 

 

16

EN012IU

Writing    AE2  
Speaking AE2 

2

 

 

 

 

 

Physical Training

 

 

 

 

 

 

 

 

Physical Training 1

 

 

 

 

 

 

 

 

Physical Training 2

 

 

 

 

 

 

National Defense Education

 

 

 

 

 

 

 

 

Theory + Practice

 

 

 

 

 

 

Total:

50

49

1

 

 

 

Table 2: Knowledge of program’s foundation

No

Sub ID

Subject

Credits

Lab
(*)  

Note
(**)

Total

Theory

Practice / Laboratory

% Practice / Total credit

 Required Courses

 46

 43

 3

 

 

 

1.

MAFE206IU

Probability

3

3

 

 

 

 

2.

MAFE302IU

Random Processes

4

4

 

 

 

 

3.

MAFE301IU

Statistics

3

3

 

 

 

 

4

MAFE207IU

Decision making

3

3

 

 

 

 

5.

MAFE209IU

Numerical Analysis

4

4

 

 

 

 

6

MAFE201IU

Real Analysis

4

4

 

 

 

 

7

MAFE208IU

Functional Analysis

3

3

 

 

 

 

8

MAFE309IU

Software Engineering

3

2

1

1/3

 

 

9

MAFE204IU

Database Management System

3

2

1

1/3

 

 

10

MAFE205IU

Computer Networks

4

3

1

1/4

 

 

11

MAFE105IU

Financial Economics

3

3

 

 

 

 

12

MAFE205IU

Fundamental  of Financial Mangement

3

3

 

 

 

 

13

MAFE305IU

Corporate Finance

3

3

 

 

 

 

14

MAFE402IU

Portfolio Management

3

3

 

 

 

 

Elective courses

4

3

1

 

 

 

15

MAFE407IU

Web Application Programming

4

3

1

1/4

 

 

 

MAFE408IU

Parallel Computing

4

3

1

1/4

 

 

CỘNG:

50

46

4

 

 

 

Table 3: Specialized Knowledge

No

Sub ID

Subject

Credits

Lab
(*)  

Note
(**)

Total

Theory

Practice / Laboratory

% Practice / Total credit

Required Courses

25

25

 

 

 

 

1.

MAFE303IU

Optimization 1

4

4

 

 

 

 

2.

MAFE307IU

Optimization 2

4

4

 

 

 

 

3.

MAFE306IU

Financial Mathematics 1

4

4

 

 

 

 

4.

MAFE401IU

Financial Mathematics 2

4

4

 

 

 

 

5.

MAFE308IU

Financial Risk Management 1

3

3

 

 

 

 

61

MAFE304IU

Econometric and Financial Applications

3

3

 

 

 

 

7

MAFE403IU

Research Methods in Finance

3

3

 

 

 

 

Elective courses

6

 

 

 

 

 

FERM Elective #1

3

3

 

 

 

 

1

MAFE310IU

Modeling and Simulation

3

3

 

 

 

 

2

MAFE311IU

Operation Research

3

3

 

 

 

 

3

MAFE312IU

Mathematical Economics

3

3

 

 

 

 

FERM Elective #2

3

3

 

 

 

 

4

MAFE404IU

Financial Risk Management 2

3

3

 

 

 

 

5

MAFE405IU

Asset Pricing

3

3

 

 

 

 

6

MAFE406IU

Financial markets

3

3

 

 

 

 

7

MAFE410IU

International Finance

3

3

 

 

 

 

CỘNG:

31

31

 

 

 

 

  3. Faculty

Professor

Assoc. Professor

Doctor

Total

2

4

9

15

4. Contact information:

Department of Mathematics
Room O2-610
Tel: (84-8) 37244270, ext: 3235
E-mail: bthuong@hcmiu.edu.vn
Website: http://www.hcmiu.edu.vn/math-vn/

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