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/