New York Institute of Finance Courses

Stress Testing and Risk Regulation – Part 2

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This economics and finance course will cover the practical aspects of conducting CCAR/DFAST tests in the US. We will also review the impact of the financial (subprime) crisis of 2007 and 2008 on regulatory reform and the consequences for financial intermediaries.Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.

Market Risk Management: Frameworks & Strategies

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Class Central TipsLearn How to Sign up to Coursera courses for free1600+ Coursera Courses That Are Still Completely FreeThis course provides the foundation for understanding the frameworks used to develop market risk management strategies. You will identify the market risks associated with each type of financial instrument. You will be introduced to techniques for estimating the risk associated with each class of investments. By the end of the course, you will be able to select the most effective derivatives for managing risk of a single asset and a portfolio of assets, develop asset selection strategies for managing risk in a portfolio, and model risk associated with a single asset and a portfolio of assets. Learners will complete a project covering the estimation and analysis of risk in a globally diversified equity portfolio. The portfolio will include allocations of equity indexes from the U.S., Japan, Hong Kong, and Germany. Data for the two years prior to March 2020 will be used to convert daily returns in each indexes' currency into dollar returns. Value-at-Risk and Expected Shortfall for the portfolio will be calculated using an equal-weighted sample and an exponentially weighted sample. Learners will then be given a new 2-year data set that includes the market data through August of 2020. They will be asked to re-evaluate risk for the portfolio using Value-at-Risk and Expected Shortfall.

Project Finance and Public Private Partnerships

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Taught by instructors with decades of experience on Wall Street, this Professional Certificate program develops the skills you need to handle the transactions, financing and policy of public-private partnerships (PPPs). Through case studies you will understand the balance between private investors’ need for profit and governments’ need for transparency in gaining new private funding for key public projects.This knowledge is essential for investors, commercial and investment bankers, lawyers, accountants, and regulators. You will learn about the accounting and economic drivers that motivate the use of Project Finance and understand key participants at critical points in a project timeline. We will explore management of risks including construction, supplier, market demand, market price, credit and political/country. You’ll also examine greenfield, privatization, and Public Private Partnership projects in the power generation, natural resource, extraction, and public infrastructure sectors. This program will also look at several term sheets for actual projects that detail the use of different ownership and debt structures and also examples of the documentation that is required to secure project financing. In the final course of this program we will consider the case of an actual Emerging Market Greenfield project that our instructor – Jeff Hooke - participated in during his investment-banking career.NOTE: Completing all 6 courses and then taking the Professional Certificate Examination is MANDATORY to achieve both the NYIF Certificate of Mastery and the edX Professional Certificate in Project Finance and Public Private Partnerships. A verified learner must pass all courses in the program with a minimum grade of 70% to earn a Professional Certificate for Project Finance and the Public Private Partnership.

Mercados de capital y participantes claves

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Este curso explora la interacción económica entre intermediarios financieros (financiamiento indirecto) y mercados (financiamiento directo) en la asignación de capital y la creación de oportunidades de inversión.Usted aprenderá sobre mercados financieros globales incluido cómo trabajan juntos la banca y los mercados financieros. Aprenderá sobre los tipos de intermediarios financieros y sobre cómo identificar los motores detrás de la distribución global de bonos con grado de inversión por moneda y de capitalización del mercado de capitales por país.

Reporting Use of Firm Resources and Taxation

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We’ll begin this course with a look at inventory and learn how to link inventory valuation to gross profit. We’ll also explore the four principal inventory valuation methods and assess the pros and cons of each inventory valuation method. Next, we’ll learn how to measure the cost of long-lived assets and distinguish between expenses and capitalized items. We’ll learn how to compute depreciation under various depreciation methods and explain the effect of depreciation on cash flow. We’ll also learn how to compute gains and losses on disposal of fixed assets as well as account for the impairment of tangible assets.Next, we’ll look at the concept of deferred taxes and learn how to distinguish between a deferred tax asset and liability. This course also teaches you on how to compute the value of a deferred tax liability and explains when and why a deferred tax liability would be considered an equity item.This course is part 3 of the New York Institute of Finance’s Financial Accounting Professional Certificate.

Introduction to Brokerage Operations

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This course begins with an overview of brokerage operations where we’ll identify the key roles of brokerage operations and review the different types of accounts. We’ll look at the salient features of the Customer Identification Program and review the differences between the main types of securities issues. Before wrapping up this course, we’ll get familiarized with the key components of the Security Reference File and learn the key roles of the various players within the Financial Community.This course is part 1 of the New York Institute of Finance’s Brokerage Operations Professional Certificate program.Lesson 1: Brokerage Operations: OverviewLesson 2: Type of AccountsLesson 3: Client RequirementsLesson 4: Customer Identification ProgramLesson 5: Security TypesLesson 6: Processing SystemsLesson 7: The Players of the Financial CommunityModule SummarySupplemental Learning

Risk Management Tools and Practices

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This economics and finance course is an introduction to risk management techniques including the use of standard hedging instruments, asset-liability management and integrated risk management.Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.

Introduction to Time Value of Money

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In this course, you will learn about time preference and the economic components of nominal interest rates. We will demonstrate the quantitative methods used to value products with multiple cash flows over longer time periods. Calculation of internal rate of return (IRR), present value (PV) and future value (FV) will also be shown using single period and annuity examples.

Reporting Investments, Pensions, and Financial Statement Analysis

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This course begins with an overview of corporate investments, short term and long-term investments, and helps you to prepare consolidated financial statements.Next, we’ll cover Pension Accounting and understand Accounting for stock options by reviewing the various pension plan types, cost components of a pension plan and plan assets.We’ll wrap up this course with a look at Financial Statement Analysis where we cover sources of financial information, performance analysis, financial ratios, and also learn how to evaluate corporate performance.This course is part 5 of the New York Institute of Finance’s Financial Accounting Professional Certificate.

Yield Curve Analysis

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The Yield Curve is one of the most closely scrutinized indicators in the world of finance. Whether you’re managing your own personal portfolio or sitting at a bond trading desk on Wall Street, an understanding of Yield Curve Analysis is essential for delivering returns rather than losses. And, with a Fed interest rate hike imminent, there has never been a more urgent time to learn how the Yield Curve affects your investments.This course, designed as an intensive introduction to the Yield Curve and the U.S. Federal Reserve, will allow you to understand the impact of interest rates on the economy, the marketplace, and most importantly, your assets. With an understanding of this powerful decision-making tool, you will be far better prepared to protect your portfolio from the ephemeral nature of Fed policy. Additionally, for those in finance-facing positions, such as Corporate Treasurer or Comptroller, Yield Curve Analysis will give you valuable context as you work with investment bankers and other external finance personnel to understand the status of your organization’s assets.Lastly, for those pursuing a career in finance, particularly as a Fixed Income Analyst, Bond Trader, or Economic Analyst, this course will give you a head start on an essential knowledge area for your job function. Best of all, upon successful completion of the course, you will receive an accredited Professional Certificate, backed by the 93 year history of the New York Institute of Finance. With your resume bearing this certificate and the knowledge it implies, you will have a significant advantage as you seek employment in the finance industry.Don’t wait for the Fed to raise interest rates – Enroll in Yield Curve Analysis today, develop this essential skillset, and get the certificate to prove it!"After this course, I know how the new US Treasury products work for my portfolio."– Chief Dealer, Head of Treasury – Bank BNI“I gained more knowledge that I can apply to daily work and real life scenarios.”– Bond Desk Manager – Banco de Reservas

Cash Flow Analysis

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This course is Part 3 of the Credit and Credit Risk Analysis Professional Certificate program from the New York Institute of Finance. In this course, you'll cover the importance of a stable and consistent cash flow to meet obligations. You'll learn about the statement of cash flow: cash flow from operations, cash flows after investment, and cash flows after financing. This course will teach you how to derive Free Cash Flow and review methods by which companies can hedge cash flows and other financial risks. You'll also explore EBITDA as a proxy for cash flow and assess cash flow's ability to service debt.

Swaps Fundamentals

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Swaps are the most prevalent derivatives used by corporations, and financial institutions to exchange a set of future cash flows with another set. The market participants carry them in balance sheet or off-balance sheet, and their gigantic volume has always been a point of concern for regulatory bodies and central banks. Considering that FRA is based on the exchange of one cash flow with another one, swap is set of FRAs.In this course, we will discuss the basic financial theories and concepts relevant to swaps. The pricing of swaps will also be explained and demonstrated through many examples. We then look into Interest Rate including Forward and Overnight Index Swap (OIS) swaps, Equity, Cross-Currency, Quanto, Credit Default, and Asset Swaps.The Credit Default swaps (“CDS”) are now extremely popular and trade billions of dollars every day. While they were originally developed to hedge the risk of fixed income products, they are now used to take a position without trading the underlying which can be a particular bond of a corporation or a country. Interestingly, the size of a particular CDS can many times be larger than the size of the underlying because they are cash-settled. Therefore, we will spend a good portion of our time on this subject.Credit Default Swaps (“CDS”) allow investors to swap the credit risk of a corporation, index, or a country with other investors. CDS market started in 1990’s and drastically grew until 2007 global crisis to a $60 trillion market. For comparison, the global equity and bond markets are about $80 and $90 trillion respectively. Considering the important role that CDS played in shaping the global crisis of 2007 and also the large trading loss at JP Morgan, the governments introduced more restrictions on the CDS market. CDS which were mainly traded as OTC products between brokers and clients, were then transformed to become more standard contracts clearing via central clearing counterparties.

Risks in Project Finance: Case Studies and Analysis

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In this course, we’ll review a transaction that the instructor, Jeff, worked on in his professional career. We will discuss international project finance in the context of working with multilateral banks and bilateral banks in an international environment that entails a lot of political and/or currency risk.This course is part of the New York Institute of Finance’s popular Project Finance and the Public Private Partnership Professional Certificate program.

Fixed Income Portfolio Management

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Fixed Income Portfolio Management is a comprehensive survey of the key drivers and features of managing a portfolio of fixed income assets. This thorough and interactive course offers students like you, a detailed grounding in the full range of fixed income product categories and portfolio management techniques. You will leave this online class with a clear understanding of key products and investment management strategies used by portfolio managers, enhancing the opportunity for success in this increasingly complex area.T his course is part 1 of the New York Institute of Finance’s Portfolio Management Professional Certificate program.Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.

Credit Risk Management: Frameworks and Strategies

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Class Central TipsLearn How to Sign up to Coursera courses for free1600+ Coursera Courses That Are Still Completely FreeIn this course, you will use business and industry analysis to understand companies, projects, business models, and financing proposals. You will then prepare qualitative risk analysis for specific companies to use as the basis for financial analysis, project analysis, and risk decisions. Lastly, you will understand how to use financial ratios and financial metrics to evaluate a company or project’s profitability, balance sheet, capital structure, and cash flow to assess overall financial performance and risk profile.