Numerix Unversity: Free Courses For Financial Engineers

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Free Courses For Financial Engineers: Learn best practices for effective pricing and risk management of derivatives

Numerix, the leading independent provider of advanced analytics for the derivatives and structured products markets, is introducing Numerix University – a series of courses designed for financial engineers to learn the foundational skills for pricing and managing complex derivatives. This series was developed and offered exclusively to clients to ensure the best experience with their Numerix solutions. Individuals who successfully complete this curriculum will complete a significant step in becoming a “Numerix Certified Financial Engineer” and will be recommended for development projects internally or to Numerix customers and partners.
http://www.numerix.com/Training/index.htm

Financial Engineering Track
Numerix is presently offering three separate course programs for financial engineers where they will learn best practices for effective pricing and risk management of derivatives. Through hands-on use of the Numerix analytic platform, participants will learn the foundational skills for pricing complex derivatives that are necessary for effective valuation and risk management.
Eligibility
Candidates for Numerix University Classes will be expected to hold advanced degrees in financial engineering, applied mathematics or equivalent disciplines and relevant experience working with derivatives in a financial institution or a software company concentrating in derivatives.
Selection Process
While participation in Numerix courses is complimentary, candidates must hold advanced degrees in financial engineering, applied mathematics or equivalent disciplines and have worked with derivatives in a financial institution or software company for at least one year. As part of the selection process, applicants will be required to take a brief on-line exam.
Numerix Certification & Intern and Consultant Program
Attendees who successfully complete the program will be certified to use the Numerix 7 for Excel for the structuring of derivatives and structured products for valuation and risk management for the respective asset class(es) in which they have been trained. Additionally, those who have successfully completed the program will be considered for intern and consultant positions at Numerix.
Integration Track
Numerix will be introducing a series of courses focused for developers and integration specialists. Further details to come.

Schedule

Asset Classes: Interest Rate, Cross Currency and Inflation Rate Derivatives

Day 1: Tues., April 28, 2009 - 9:00AM-5:00 PM

Day 2: Wed., April 29, 2009 - 9:00AM-5:00PM


Asset Classes: Credit and Hybrid Derivatives

Day 1: Tues., May 19, 2009 - 9:00AM-5:00 PM

Day 2: Wed., May 20, 2009 - 9:00AM-5:00PM


Asset Classes: Equity, FX and Hybrid Derivatives

Day 1: Tues., June 16, 2009 - 9:00AM-5:00 PM

Day 2: Wed., June 17, 2009 - 9:00AM-5:00PM
 
I believe this is the first time they offer this for free. My former coworker now develops software for them and raved about it so I look forward to doing this course.
 
I have got the link to take the test. Have not given it yet.

Any suggestions what kind of questions should I expect?
 
How long it took you to get the link?
I just registered 15m ago so probably they still decide over the weekend if I have a proper profile for this course or not ;)
Anything free is good, specially now.
 
I just signed up about 10 minutes ago, hopefully I'll be hearing some good news from them soon. :smt024
 
You guys have 20 minutes to complete the test.
Some theory and calculation problems.
I admit that for me they are all really hard questions but I got accepted. Yeahh!
 
I gave the exam and it seemed very difficult for me except for few questions.

whoever signed up from Baruch can expect an invitation for this exam
 
June 16-17
EQ, FX, EQB, FXB, and Hybrid Derivatives

Day 1 - Tuesday, June 16, 2009

8:00-8:30
Coffee and breakfast
Trainer

8:30–9:00
Registration and software installation

9:00–9:15
Introduction to Numerix products
Overview of system architecture
Amilda Dema

9:15–9:30
Introduction to Numerix models and methods
Elizabeth Baca

9:30-10:30
Numerix Excel functional interface
Introduction to Numerix Object Structure in Excel
Overview of Numerix Structure Library
Static Data Objects: Conventions, Calendars
Market Data Objects: Creating Yield Curves from DFs
Amilda Dema

10:30 - 10:45
Coffee Break

10:45–12:00
Market Data Objects: Stripping the Yield curve from market data instruments

Amilda Dema
12:00–1:00
Lunch break

1:00–3:00
Dividend Curves
Implied Volatility
Fixing History for seasoned deals
Overview of EQ and FX instruments
Valuation: Instrument Vs. Scripting
Analytic Pricer
Amilda Dema

3:00 - 3:15
Coffee Break


3:15–5:00
Constructing Model Objects:
Black—Scholes with Time—Dependent Volatility
Calculation Method vs. Quality
Quality Study
More Advanced Models: Dupire Model, SABR Model, Heston Model
Generic Deal/Kernel Concept
Structuring a deal: Events, Indices, Data, Script
Events and Indices: Interest Schedules, Option and IMM schedules
Overview of Numerix Scripting: Defining the payoff
Amilda Dema

Day One Sessions Conclude


Day 2 – Wednesday, June 17, 2009

8:30–9:00
Coffee and breakfast

9:00–9:15
Review of day one materials

9:15–11:00
Scripting for non-Vanilla Deals (in Parallel to the Analytic Examples)
Putting everything together–pricing and valuation of the deal
Pricing Asian and Look—back Options
Pricing American Options
Pricing Variance Swaps
Amilda Dema

11:00–11:15
Coffee Break

11:15–12:00
Break–even analysis
EQ/FX Risk analysis and risk reports
Amilda Dema

12:00–1:00
Lunch Break

1:00–3:30
Basket Deals
Basket Construction
EQ Baskets
Basket Risk Reports
Amilda Dema

3:30-3:45
Introduction to Numerix Solutions and Deal Structuring Wizard


3:45–4:00
Coffee Break

4:00-5:00
EQB +IR Hybrid Model
EQB+IR+FX Hybrid Model
Elizabeth Baca


Case Studies:

Pricing Equity Asian and American Options
Pricing an aged Equity Look—back Options
Pricing Equity Variance Swaps
Pricing Asian FX Options
Pricing Equity basket options
Pricing Hybrid Options




TO REGISTER http://www.numerix.com/Training/index.htm
 
What is the location of the Credit, Credit Baskets and Hybrid Derivatives classes?
 
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