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Quantitative Financial Risk Management


Course Description

Risk is the BIG topic that dominates the financial industry, from complying with banking or insurance regulation to making sure the whizz-kids don't blow a hole in the balance sheet with their automated trading strategies.

The MSc in Quantitative Financial Risk Management (QFRM) develops the mathematical skills needed to make sound risk management decisions in the ever-changing financial markets. Graduates with such skills are highly desirable to employers who, typically, have developed their "rocket-science" based pricing systems and now want to focus on managing the risks of using them.

The QFRM MSc is mathematical, and a good degree in mathematics, or a mathematically based subject, is a pre-requisite. Practical, the emphasis is on the use of mathematics rather than the theory.

Heriot-Watt boasts a leading international research group in financial and actuarial mathematics. Lectures will be given by highly experienced staff at our campus which is set in pleasant grounds in Edinburgh, Scotland's vibrant capital city.

There are strong links between the QFRM MSc and Edinburgh's significant investment industry, with one of the modules actually being taught by industry personnel. The degree is in the process of becoming accredited by the Professional Risk Managers' International Association and some of the courses are also approved by the Institute & Faculty of Actuaries.

In addition, through the Scottish Financial Risk Academy, there are opportunities to do a variety of projects, including dissertations, with risk management professionals working in banking, investment and insurance. Recent industry-lead dissertations include projects with J.P. Morgan, the Royal Bank of Scotland and Aegon Asset Management in such topics as portfolio, credit, liquidity and insurance risk management.

Programme content

Core modules

Enterprise Risk Management
Derivative Markets and Pricing
Credit Risk Modelling
Financial Markets
Financial Econometrics
Time Series Analysis
Economic Scenario Generation
"Special Topics", some delivered by risk management professionals

Options

Statistical Methods
Corporate Finance

Visit the Quantitative Financial Risk Management page on the Heriot-Watt University website for more details!

Videos
Student Profiles
(Scholarship)

School of Mathematical and Computer Sciences Early BIrd Scholarship - No. of awards TBC

The School of Mathematical and Computer Sciences are offering a 10% scholarship to all applicants who accept their offer (conditional or unconditiona), before 31st March 2014. The award will be given as a tuition fee discount and applied directly to your tuition fee account after enrolment.

Value of Scholarship(s)

10% discount on the tuition fee cost of your programme

Eligibility

Early Bird scholarships will be awarded to all self-funding applicants who accept their place on a taught MSc programme in the Department of Actuarial Mathematics and Statistics or the Department of Mathematics before 31st March 2014.

Application Procedure

Please return your Reply to Offer form before 31st March 2014 to indicate your acceptance of our offer and you will automatically qualify for the scholarship.

Further Information

http://www.hw.ac.uk/student-life/scholarships/a-z/3416_393735.htm


(Scholarship)

MACS Postgraduate Scholarships - No. of awards TBC

Colin Maclaurin Scholarship – some scholarships of £3,500 will be awarded to outstanding applicants to our MSc in Actuarial Science and MSc in Actuarial Management. Jacob Bernoulli Scholarship – 4 scholarships of either a 10% or 15% discount on the tuition fee cost will be awarded to outstanding applicants to our MSc in Quantitative Financial Risk Management. Thomas Gresham Scholarship – significant scholarships will be awarded to outstanding applicants to our MSc in Quantitative Financial Engineering. There is no need to apply – these will be awarded on the basis of outstanding academic merit. Mathematics Scholarship – 3 scholarships of £3,000 will be awarded to outstanding overseas applicants to any of our Mathematics MSc programmes. 1 scholarship of £1,000 will be awarded to an outstanding Home/EU applicant to any of our Mathematics MSc programmes.

Value of Scholarship(s)

Variable

Eligibility

Home, EU and Overseas applicants are all eligible to apply for any of the following scholarships. These will be awarded based on outstanding academic merit and financial circumstance.

Application Procedure

Please apply using our online scholarship application form and include information about your academic achievements, motivation for study and financial circumstance. Applications must be submitted before 31st March 2014 and supported by an academic reference - this should be sent directly from the referee by email to [email protected]

Further Information

http://www.hw.ac.uk/student-life/scholarships/a-z/3416_323136.htm


(Scholarship)

Postgraduate Taught Funded Places - 10 Awards

The School of Mathematical and Computer Sciences have funding for a number of postgraduate scholarships for the academic year 2015-16 for students who are permanently domiciled in Scotland. The scholarships will cover the full tuition fee cost for studying in 2015/16 and are available for specific programmes which have been selected to support the skills demands in Scotland's key economic growth areas.

Value of Scholarship(s)

Variable

Eligibility

According to the terms of the Scottish Funding Council (SFC), you are eligible to apply for a place if you have been living in Scotland for a continuous period of 3 years prior to 1 August 2015. Please note that this does not include residency for the purposes of study only.

Application Procedure

You should apply for the relevant MSc/PG Diploma programme online. Please state your interest for a Postgraduate Taught Funded Place in the 'Additional Information' section of the form. Please also complete and submit a Postgraduate Taught Funded Place application form. This additional form can be completed electronically or printed but must be submitted to us via email or post no later than 1st June, 2015. If you have already applied for your MSc/PG Diploma programmes then please quote your application reference number on your Funded Place application form. Following the deadline, funded places will be awarded to those applicants where we consider the funding will make a difference to them being able to study at postgraduate level. If there are any unfilled places after this first deadline we may re-advertise for additional applications by a new deadline.If you have any queries, please email [email protected]

Further Information

http://www.hw.ac.uk/student-life/scholarships/postgraduate-funded-places.htm



Entry Requirements

A good (at least equivalent to UK 2.1 honours) degree in Mathematics, or a mathematically based subject such as statistics, physics or engineering is a pre-requisite.

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