John C. O’Neill, Ph.D., Director
The Certificate in Risk Management is designed to give students additional practical knowledge in the area of modern financial techniques that actuaries will find useful during their career. The courses contained will provide additional background for topics covered in several of the ensuing actuarial exams encountered during their career. Students who complete this certificate should have the ability to pass both Exam 1/P and Exam 2/FM with a modicum of extra preparation.
A student who chooses to attain the certificate in risk management will develop (1) a strong mathematical background stemmed in current treatment of classical mathematics, (2) a firm understanding of applied mathematics via statistical analysis, (3) a practical sense of how these mathematics are used in business to solve problems, (4) a fundamental knowledge of economic theory and (5) an understanding of finance theory and the role of finance within the firm; and will understand how risks are identified, explored and ultimately managed through the use of modern financial instruments.