Managing Risks in Commercial and Retail Banking: Review

When it comes to retail banking, this book by Amalendu Ghosh is cited as one among the top 10 important books. This book is believed by experts to take an in-depth, as well as logical look at dealing with every single aspect of risk management, which forms a part of the banking sector. By providing the reader with an ample number of case studies and real life examples, this book attempts to simplify all the complex processes and present them for the reader’s benefit.
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The author, Amalendu Ghosh, occupied the post of Chief of the Department of Banking Supervision of The Reserve Bank of India, where he is believed to have served for about 36 years. He is well renowned as an expert in the supervision of banks and has been intimately involved in the implementation of the new Basel Capital Accord. His proximity to the world of commercial and retail banking makes him one of the experts on the topic, especially when it comes to the risk management aspect. He has also released a manual for conducting of bank supervision, especially that which is required in the switch related to risk based bank supervision system.

He has had an enriching experience at his post of riskmanagement consultant, to around two commercial banks, which intermittently make him the candidate, who is more than qualified for writing this book. This book, which seems to be right in the quintessential corner of Ghosh, was published by John Wiley who happens to be one of the oldest publishers of USA and is acclaimed for publishing a number of renowned titles under risk management, financial engineering, valuation, financial instrument analysis, among which Ghosh’s book seems to be a valuable contribution.

Divided into about seven parts, this book essentially deals with the number of risk management approaches and systems. These are namely, credit risk management, market risk management, operational risk management, risk based internal audit, corporate governance and all the lessons that could be derived from the South-East-Asian and American Financial Crises. Beginning with the first part, it deals with a thorough analysis of what all constitutes a risk. The topics covered here would be types of risks and the various models on how each bank is supposed to manage their problems. The second part is all about the models, which is made use of by various banks in order to rate and evaluate all the credit risk management issues. Here the author offers a number of techniques, which are useful for credit portfolios and rating based loan pricing mechanisms.

The book successfully brings together a number of concepts, ranging from methods and procedures in the field of risk management, to the author’s personal experiences. It is said that this book is the bible for all those financial analysts, students of investment banking, accounts aspirants and auditors. Mainly because it is a distilled form of all the valuable experiences of a top notch, seasoned banker and an authority figure on bank supervision. This is also one of the reason why professional training institutes like Imarticus Learning, usually ask their students to refer to this book. 

The Indian Education Sector Seems To Be Experiencing A Revolution Courtesy Edtech Startups

Did you know, in the past two years, our economy has experienced the emergence and development of close to 900 start ups, all of which are entirely focused on the education sector. The Indian Education Sector values up to $100 billion and has been experiencing quite a lot action in terms of Edtech start ups. With the evolving age of internet and technology, more and more students are able to access the virtual world of learning. This includes interactive videos and textbooks, on line classroom discussions,  exclusively customized learning modules and content from some of the best universities. With the addition of the online learning courses, the doors to education at a more accessible level have been thrown open. From foreign universities offering online courses, to professional training institutes like Imarticus Learning offering online certification courses in Finance and Analytics.

Conventional educational systems seem to be undergoing certain cataclysmic shifts, as the students and teachers both, try and embrace all the comfort, convenience and efficiency that is offered by these Edutech companies. The online courses trend is becoming more and more relevant by the day and being known as MOOC’s or Massively Open Online Courses, is witnessing increasing popularity and acceptance among the student population. While on one hand, time honored institutes like Harvard and Oxford are taking notice of this trend, the government of India is also accepting its importance. The HRD Ministry in India, in similar vein has launched the Swayam initiative, which is a program that is set to offer about 200 e-courses and another 10,000 e-courses under the AICTE, which will all be planned over the next couple of years.

Statistics state that the number of students, registering for online courses has been steadily increasing at the rate of 70% per year. Nikhil Barshikar, who is the CEO of Imarticus Learning states, “Online courses offer fantastic flexibility, convenience and customization; while delivering impactful learning outcomes for students”. He went ahead to add that, “Our online course have been popular among students because they are upgrading their skills with industry relevant subject matter, that is not available in their university curriculum.” As HR Managers come to recognize the importance of updated curriculum, broader talent pools and thorough online assessments, these online certification courses are clearly gearing up to change the way training and learning takes place.

This revolution has been driven by many key factors, one of which includes the emergence of Big Data and Analytics. This has not only revolutionized the way education is looked at, but it has also paved way for more efficient student-teacher relationships. For instance, institutes have been able to leverage data analytics in order to assess the teachers’ abilities and help them provide better guidance to the students. While big data and analytics have paved a greatly important way in the education sector, they have received important implications in other fields related to the education sector. For instance, lets take the example of student loans.

Student loans were earlier the domain of just the banking sector in general. This is no longer the case as there happen to be start ups, which are ready to venture into this field. All these companies have to do, is leverage analytics and provide the loans, with the completion of all the formalities in as less as 8 hours and more importantly, online. This huge change can usher in great benefits for those looking to get skilled by depending on loans. There are great chances of India becoming more and more tech-scary and paving way for technology being able to mold itself to the various different boards of Indian Education. 

How to Study for CFA Level 1 Exams

CFA is a world renowned designation, achieved after clearing the CFA exams, which are divided into three levels, taking place either annually or biannually.

Step 1: Cover the Basics

Research about everything from the curriculum, eligibility criteria, exam duration, required study time; make a skeleton plan, preview your study material and get started.

Step 2: Get Down To The Books

Study from both online and offline sources, consider joining a CFA course. Don’t stick to only rudimentary methods of studying, use flashcards, audio-visuals, anagrams etc. 

Step 3: Review And Polish

Take mock-tests, time yourself, make practice tests your best friends, solve, solve and solve! Ensure that you use your calculator to the utmost. 

Guide To Best Investment Banking Schools

MBA has been touted as the best degree when it comes to getting an entry into the field of Investment Banking. While there are many finance aspirants, belonging to the field of finance, who go ahead and pursue MBA as their post graduation course, there are also a number of others belonging to different fields, but having a great interest in finance who choose to pursue this course. Previously, top banks like Goldman Sachs, Morgan and Stanley, JP Morgan, Deutsch Bank and likes, only preferred to hire MBAs, who were at that time considered to be sufficiently qualified to take the world of Investment Banking head on. There seems to have been a certain kind of debate recently, on the alleged tumultuous relationship of MBA graduates and the field of Investment Banking. There seems to have been a substantial dip, in the number of MBA’s that the top banks were hiring before. One of the reasons sought for this development is the fact that just having an MBA course is not enough and a number of industry experts have been urging students to develop industry relevant skills, so at to get their dream job.

There are a majority of MBA students, who think of pursuing a professional course, so as to learn skills and techniques to get trained according to the industry standards. Institutes like Imarticus Learning, which offer comprehensive professional courses in subjects like Investment Banking, Asset Management, Portfolio Management, Corporate Finance and so on, are the most sought after institutes for a number of MBA graduates. So if you are one of those looking to pursue this extensive course, you must ensure that you pursue it from one of the top Business Schools, so that you increase your chances of getting hired by top Investment Banks. Rankings place the Columbia Business School at the top, in the list of Investment Banking Schools, which is closely followed by the University of Pennsylvania, Wharton and London Business School. While there a number of other institutes, like the Stern, from USA, which is enjoying its new found popularity, among MBA aspirants. According to a certain employment report, it is believed that Investment Banking remains one of the most sought after vocation, by the students of Stern University.

Let’s make a tabular representation of the top investment banking schools, there are, based on the number of graduates, who have gone ahead to work in the fields of corporate finance, sales and trading, equity research or other related field to investment banking. It is a well known fact that Investment Banks, usually tend to hire from among elite schools and those B-schools that are located right at the heart of financial centers, like for instance Stern, have a greater chance at being selected.

Here’s the guide to the best Investment Banking Schools:

1. Indian Institute of Management, Bangalore

2. Indian Institute of Management, Ahmedabad

3. IIM, Calcutta

4. Department of Management Studies, IIT Delhi

5. Department of Management Studies, IIT Madras

6. Indian Institute of Management, Lucknow

7. XLRI- Xaviers School of Management, Jamshedpur

8. IIM, Kozhikode

9. IIT, Roorkee

10. IIM, Indore

While applying to any of the above schools, depend on three important parameters; namely your abilities, both academic and aptitude, your academic background and the career objectives that you are looking at. Only then can you figure out which one of these is your best fit and apply to them. 

Here’s What the Professionals Are Resolving For 2017

You must have definitely noticed, a number of people readily getting on to the bandwagon of, “New year, new me”, at the beginning of 2017, there’s one more phrase which is popularly being used by all those professionals, across the corporate industry. This slogan is the ‘New year, new job’, which is being entertained by a number of corporate professionals. While there is nothing new about this, as this feeling is a familiar notion, which every professional experiences annually. But, this time what’s interesting is the statistic, according to a certain study, out of the 3,411 employees who were a part of the survey, about one fifth which equals to about 22% stated, that their resolution for this year would be to leave their current job, in order to look for more lucrative opportunities elsewhere.

While it was 35% of the younger generation of workers, aged between 18 and 34, who would consider not only leaving, but also be certain about landing a new and better job by the end of 2017. At the same time, the past couple of years, have seen a steady rise in the search for employees, who possess skillsets that are in keeping with the industry standards. In order to tackle this demand of top employers and HR managers, many employees and professionals have begun to opt for professional online training courses, which ensure that a candidate is groomed according to industry standards.

here are many popular institutes in India, like one Imarticus Learning, which offer a number of courses in fields like Finance and Analytics.  Imarticus Learning is one of the best institute that specializes in courses covering fields like Investment Banking, Portfolio Management, and Asset Management, Certification courses in Big Data Hadoop, R Programming, SAS Programming, Python, and Corporate Finance and so on. But what sets this institute apart, is not only their online and classroom course format, but also their mentor run courses and the extensive industry relevant training.

Apart from the resolution to look for a new job, there are some other very popular resolutions, that the corporate world is known to take. Like for instance, every year, almost half of the entire workforce decides to unanimously take a pledge to put more of their pay checks, into savings. There are a number of professionals, who would be ready to look for more recreational ways, in order to reduce the amount of stress in and around their work sphere, while many would be aiming for a salary increment, or a promotion in order to jet set their career, thus climbing a rung higher on the corporate ladder. Many companies have begun to already roll out new health promoting activities, in order to ensure that all of their employees remain in the pink of their health. This is also a common resolution among a number of professionals, who are looking to eat healthier and cut out on the junk. While many others would be willing to learn a new skill or take up a productive hobby. 

Why Do Firms Train Their Employees

As the industry changes, there is an influx of new improved trends as well. Today a qualified professional doesn’t necessarily have to go out in search for jobs, its actually the employers who go out of the way, in their search for candidates, who would be able to suffice their expectations. With college or university placement rising in popularity, there is another line of thought, which is becoming quite well known these days. A lot of firms believe in hiring freshers, because they are like a blank canvas for them, apart from knowing certain basic theoretical details. This way the firms get to train these employees, in a way where these professionals would be able to meet specific expectations. Apart from that there are a lot of companies and HR managers who are of the belief that, about 30% of their candidates don’t have the proper skill set required to perform their job, hence have to undergo training.

The concept of ‘employee induction’ has become the most used policy of the HR teams, across various fields. Earlier, this process only comprised of a short description of the company, its various fundamentals and an introduction about all the head honchos, on board. Now it has transitioned into something bigger and inclusive of more layers. Firms today are actually going a mile, in trying to get all of their employees on par, by equipping them with the proper behavioral and technical skills, as well as the knowledge that is required to ensure that, the company’s operational and strategic objectives are met. A great effort is taken, to ensure that an employee fully understands the core values, that form the foundational base of an organization and works accordingly. Firms don’t just train their new employees, but also ensure that their old ones, have a successful transition into newer roles in a more seamless manner.

This has become quite the popular norm lately, which a lot of organizations indulge in. There are various other reasons why a firm, would want their employees to be trained. Like for instance, any kind of training that is in keeping with the organization’s strategies, would ensure that the employees would go the extra mile to complete the same. Another reason why training is the right way to go is, because every organization has employees with invaluable corporate experience and training these employees, would be like creating incentives for them. Thereby, ensuring that these employees remain loyal and prove an asset for the organization in the long run. Statistics state that only about 25% employees are engaged at work, the rest of them find it to be a fulfilling experience, of various degrees. Training these employees, would mean a more focused and productive workplace. Training is also used as a means for performance management and development of employees and can help develop leadership skills in those with a lot of potential. In a way, organizations also come across as places, where every employee is valued and encouraged to reach their optimum potential.

A new addition to this is the training in collaboration with various learning institutes. Organizations approach various institutes, to ensure their employees develop the necessary skill sets to excel in their profession. Imarticus Learning is one such institute, which has collaborated with many top banks and investment organizations, in providing their employees with proper suitable employee training programs.

 Source: http://articles.org/why-do-firms-train-their-employees/

Imarticus Learning, India’s leading school of investment banking and Finance training centre in India

Imarticus was formed with an aim to become India’s leading Financial Services and Analytics professional education company. The company empowers individuals and large organizations in meeting their human capital and skillset requirements through a range of bespoke programs delivered through classroom and online learning. Imarticus has educated 10,000+ individuals globally, managed by a fully integrated online learning management and governance system.

Founded by industry experts, Imarticus is headquartered in Mumbai, and has presence in over 10+ cities in India. Imarticus has won many awards and accolades, including Top Analytics Provider and Leading Institute in India.

Types of courses offered: 

1. Investment Banking Courses
2. Retail Banking Programs
3. Business Analytics Training
4. Business Analysis and IT Programs
5. Online Finance Courses
6. Online Analytics Programs
7. Corporate Training
8. Recruitment Solutions and Staffing.
   
   
   Highlights:

• Experienced Educators: Having educated over 10,000 individuals, Imarticus is in a unique position to understand the learning needs of aspirants and design it’s training to be stimulating & relevant. Imarticus has a range of customized delivery methods such as classroom training, e-learning, workshops and seminars that are delivered globally and are managed by a fully integrated learning management and governance system.
  
  
• Corporate Connect: Imarticus has also emerged as the preferred sourcing, training and skill development partner for over 120 firms, which include leading Global & Domestic Banks, Consulting, KPO’s, Technology& Analytics firms. Some of these clients include HDFC Bank, BNP Paribas, Goldman Sachs, Morgan Stanley, Aditya Birla, KPMG, Accenture.
  
  
• Faculty and Strong Leadership: Imarticus is led by senior professionals from universities such as Columbia, MIT, Harvard and INSEAD, with 150+ years of combined experience in the Technology, Analytics and Financial Services domain. In addition, Imarticus has over 20+ dedicated faculty and over 80+ empaneled faculty members in the field of Financial Services and Analytics.
  
  
• Learning Pedalogy: Our programs, while rigorous, are extremely practical and hands-on. They go beyond traditional role learning through their use of live case studies and real-life business problems. This ensures that the student is fully equipped with the required skill sets to master job responsibilities from the day one. All of this stems from our commitment to the philosophy of Experiential Learning.
• Customized Learning Path: Imarticus believes in continuous learning to develop skill sets and we firmly believe ‘One size does not fit all’. To cater to the immense diversity of our student profile, each course is customized to ensure that it is not only relevant to the careers our students aspire to but also to their individual learning requirements. In fact, it is the vast diversity of experiences brought by our students that makes learning at Imarticus a unique experience.
  
  
• Career Assistance and Mentorship: The Imarticus Career Services team provides a customized career approach for every student. The team conducts interview preparation, resume building workshops, 1-1 mock interviews while also providing access to Imarticus’s extensive corporate network and recruitment teams.Mentorship is unique to Imarticus Learning, where industry experts from leading Financial Services and Analytics firms will advise and mentor students in their journey towards job-readiness. A dedicated senior level industry professional, with over 10 years of experience is assigned to every student.

Awards

• Leading Institute in SAS and Python
• Education Excellence Award 2015
• Top 4 Analytics Training Institute in India
• National Award in IT Excellence
• Consultant Review's 25 Most Promising Learning & Development Consultants Alliances
• NSE – National Stock Exchange
• #1 big data training institute 2016 by Silicon India Magazine

Imarticus offers various courses across a range of domains, listed below.

Finance Courses:

• Imarticus Financial Analyst Program (IFAP) – Classroom –3 months
• Certified Investment Banking Operations Professional (CIBOP) – Classroom - 2 to 3 months
• Financial Modeling and Valuation Certification (FMVC) – Classroom – 2 months
• Imarticus Trade Finance Certification (ITFC) - Classroom
• Chartered Financial Analyst (CFA) – Classroom & Online
• Financial Risk Manager (FRM) – Classroom & Online
• Advanced Certification in Capital Markets (CCM) - Online

Business Analytics Courses:

• Certification in SAS (CSAS & CISP) – Classroom & Online -2 months - Ideal program to build a career in Data Analytics
• Business Analytics Professional-R (BAPR& CIRP) – Classroom & Online-2 months - Ideal program to build a career in Data Analytics
• Certification in Data Science and SAS Program (CDSS) - Classroom- 2 months - Ideal program to build a career in Data Analytics
• Certification in Advanced Analytics (CIAA) - Classroom- – 2 months - Ideal program to build a career in Data Analytics
• Certification in Python (CIP) - Online- 48 hours - Ideal program for professionals with 2+ years of experience
• Certification in Data Visualization (CIDV) - Online- Ideal program for professionals with 2+ years of experience

Business Analysis Courses:

• Business analysis Certified Professional (BACP) – Classroom – 2 months - Learn Business Analysis - IIBA Accredited!
• Certified Business Analyst (CBA) – Online - Learn Business Analysis - 2 months - IIBA Accredited!

Imarticus Management Development Courses:

1. Structured Products and Financial Engineering – Workshop – 2 days
2. Operational Risk Management – Workshop – 2 days
3. Leading Sustainable Organizational Transformation and Growth

Each of our courses have the following highlights:

• Placement Assistance
• Dedicated Mentor, assigned to every student
• Mock Interviews, 1:1 – Multiple Rounds
• Fully governed Learning Management System provided to every student, that allows continuous learning

Contact Us:

Mumbai Centre

5th floor, Raaj Chambers, 

Old Nagardas Road, Andheri (E),

Mumbai – 400 069

Tel: + 91 22 42422016/17

Mobile: + 91 81086 00055

info@imarticus.org

Bangalore Centre

No.143,B 1st Floor, 60 Feet Road,5th Block,

Next to AnandSweets,Koramangala,

Bangalore-560095

Tel: + 91 80 45129918/924

Mobile: + 91 9008668548

Chennai Centre

2nd Floor, East West Centre, Opposite 

Bata Showroom, Nelson Manickam Road, 

Chennai 600029

Tel: + 91 44 42691466

Mobile: +91 9789879741

Delhi Centre

Plot No.10, Dakshin Marg, DLF Phase-II, 

Gurgaon – 122008

Tel: + 91 1244874030

To know more visit http://imarticus.org/ or call us at 1800-103-7480

Source: https://www.way2college.com/articles/news/imarticus-learning-india-s-leading-professional-education-institute

Get Ready for Professional World with Imarticus Learning

Its known fact that everyone wants to earn money as soon as they finish their schools. But are the grads ready for the cut throat competition by just passing college exams.

Indian education system is such that they don’t prepare candidates to face or be ready for the outside world and their challenges. We are only taught to learn and score marks. Score as much marks as possible and then get a job which grads think is the best way forward for a successful job life. Mark the work “JOB” here.

This is where Imarticus Learning creates a difference by providing cutting edge training in Investment Banking space with its placement oriented program.

This program is not only focusing on getting the candidates an insight to various financial instruments but make the candidates ready with the practical understanding of the topics which makes them ready for a “CAREER” and not a “JOB”

The professional ideas and discipline that the trainers bring into this program the candidate will be exposed to an all together new style of learning and focusing on practical concepts rather than just mugging up a answer and not run behind scoring only marks.

Yes marks are an important part for any assessment but here the students are hones not only on that but also on how to focus on growth, getting technical strong which readies them for the competition ahead and not only to crack the interview. 

Imarticus Learning offers Various investment banking and courses in India such as 

Financial modelling course 

Hadoop certification 

Python online course 

Risk management courses 

To know more visit our centre toay.