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Uncategorised

Rutgers to Inaugurate Center of Excellence for Financial Risk Management at Upcoming Conference

MEDIA CONTACT:
Jennifer Massing PR
tel: +1 917 293 2405
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
 
OTHER INQUIRIES:
Dr. Neville O'Reilly
tel: +1 848 445 7669
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Rutgers University to Inaugurate Center of Excellence for Financial Risk Management at Upcoming Conference

 Academicians, practitioners and students benefit from platform for collaboration


Piscataway, October 22, 2013 – Rutgers University has announced the establishment of Rutgers Center of Excellence in Financial Statistics and Risk Management (FSRM). The Center’s mission is to serve as a central platform for interdisciplinary research and collaboration between academic researchers, students and practitioners in the financial industry. The inauguration will take place at Rutgers Statistics for Financial Risk Management Conference on November 7, 2013.  

Financial institutions increasingly rely on sophisticated statistical methods to process massive amounts of data quickly and extract useful information from it. Statistical methods are used to explore arbitrage opportunities due to market inefficiency, automate the asset evaluation and selection process, optimize portfolios and evaluate risk exposure.  

“As the markets become faster and more interconnected, the ability to take and manage risk is a source of competitive advantage for financial institutions,” says Neville O’Reilly, Associate Director of the FSRM Master's Degree program. “To this end, we see the need to advance research and practice through collaboration on studies, workshops and seminars, publication of technical reports and white papers as well as student training.” 

Rutgers Center of Excellence in FSRM will serve as a focal point for interdisciplinary research and facilitate the exchange of ideas and discussion around practical problems. It will serve as a platform for close collaboration between Fellows (scholars and practitioners) and Research Associates (current FSRM Master’s Degree program students) on specific studies. Their findings will be widely disseminated for the benefit of the entire financial community.  

Further, the Center will help Fellows generate research proposals for competing grants and funding and provide seed-funding to sponsor or support research activities. It will run research competitions on topics related to FSRM, participate in and sponsor external activities related to the Center’s mission, and extend research expertise on consulting projects.   

Revolution Analytics, a leading commercial provider of open source R, a statistical language with more than 2 million users worldwide, is a sponsor of the Rutgers’ Center of Excellence and conference. The company provides its software to universities for free, and supports centers of excellence around the world. 

“We’re pleased to support Rutgers’ initiative, having already partnered with Dell and Intel to establish centers of excellence in Singapore and Kuala Lumpur,” says David Smith, Vice President of Marketing and Community at Revolution Analytics. “Our support reinforces our corporate mission to establish R as the modern standard for statistical programming.” 

Rutgers Center of Excellence in FSRM is part of Department of Statistics and Biostatistics at Rutgers University, and has a close tie with the FSRM Masters Degree program. Professionals may participate in the Center through three categories of membership. Individuals may join as general members. Institutional membership is available to financial firms and government agencies. Fellows and Research Associates may join by invitation only.  

Rutgers Statistics for Financial Risk Management Conference is part of the 2013 International Year of Statistics celebrations. Financial services industry professionals and researchers will gather for this one day event to hear distinguished experts from around the world share their insights on the statistical facets of risk management. To register for the conference, please log on to http://fsrm.eventbrite.com/ 

About Rutgers Financial Statistics and Risk Management Program 

The Rutgers University FSRM Master's Degree program emphasizes a practical approach to risk management with courses in probability, statistics, computational methods and data analysis tailored to financial applications and risk management. Additional coursework is offered on financial concepts, financial market structures and operations, trading instruments and risk regulation.   

Traditional quantitative finance programs focus primarily on mathematical modeling for developing and pricing complex derivative products. The FSRM program is unique in emphasizing statistical and data analytics tools for measuring, monitoring, managing and mitigating uncertainty, risk and volatility.  

About Rutgers, The State University of New Jersey 

Originally chartered in 1766, Rutgers is the eighth oldest university in the U.S. and the largest university in New Jersey. Rutgers offers more than 280 undergraduate, graduate and professional degree programs across 175 academic departments. Nearly 40,000 students study at the Rutgers New Brunswick campus, which is located less than 40 miles from New York City, one of the top financial centers in the world. The FSRM program is hosted in the Department of Statistics and Biostatistics at Rutgers. As one of the first of its kind in the nation, the Department enjoys the reputation of being the strongest based on its outstanding faculty in both research and instruction. 

To learn more, please visit www.fsrm.rutgers.edu.

PRESS KIT

IMPORTANT NEWS AND PRESS ANNOUNCEMENTS

1) November 7 "Statistics in Financial Risk Management" Conference: click here

2) Rutgers to Inaugurate Center of Excellence for Financial Risk Managment at Upcoming Conference: click here

3) Rutgers Financial Statistics and Risk Management Program joins GARP Partnership for Risk Education: click here

4) Revolution Sponsors Rutgers Center of Excellence For Financial Statistics and Risk Management: click here

5) Risk-Technology.net Rutgers University to host Statistics for Risk Confenence: click here

6) FSRM Slide Overview: click here

7) FSRM FAQS: click here

8) FSRM Brochure: click here

9) FSRM Faculty bios: click here

Revolution Sponsors Rutgers Center of Excellence For Financial Statistics and Risk Management

R specialist Revolution Analytics has become a sponsor of the Rutgers Center of Excellence in Financial Statistics and Risk Management (FSRM), a new initiative at Rutgers University in New Jersey. The center's mission is to serve as a central platform for interdisciplinary research and collaboration between academic researchers, students and practitioners in the financial industry. The inauguration of the center will take place at Rutgers Statistics for Financial Risk Management Conference on November 7. 

Revolution is a leading commercial provider of open source R, a statistical language with more than 2 million users worldwide. "We're pleased to support Rutgers' initiative, having already partnered with Dell and Intel to establish centers of excellence in Singapore and Kuala Lumpur," says David Smith, Vice President of Marketing and Community at Revolution Analytics. "Our support reinforces our corporate mission to establish R as the modern standard for statistical programming."

Financial institutions increasingly rely on sophisticated statistical methods to process massive amounts of data quickly and extract useful information from it. Statistical methods are used to explore arbitrage opportunities due to market inefficiency, automate the asset evaluation and selection process, optimise portfolios and evaluate risk exposure. 

"As the markets become faster and more interconnected, the ability to take and manage risk is a source of competitive advantage for financial institutions," says Neville O'Reilly,associate director of the FSRM master's degree program. "To this end, we see the need to advance research and practice through collaboration on studies, workshops and seminars, publication of technical reports and white papers as well as student training." 

To register for the conference, visit http://fsrm.eventbrite.com/

FSRM-GARP Academic Partnership

Partnership Objective:  GARP will provide Rutgers University - FSRM Master’s Program with consultation and support in aligning its risk management offerings with global industry needs and best practices, as well as a framework to integrate GARP’s world-class FRM certification program  into Rutgers University - FSRM Master’s Program degree risk management track offering. By providing those students who opt for the risk management track,  the opportunity to become well-qualified FRM candidates, Rutgers University - FSRM Master’s Program will join GARP in 

its commitment to advance risk management through education.
GARP web bkgrd 

Choose FSRM for Risk Management

Financial institutions  have access to enormous quantities of data but need powerful methods for extracting and analyzing quantitative information, particularly about volatility and risks.

Financial risk management uses sophisticated probablity and statistical methods to identify, manage and mitigate risk. If fact, because risk management is focused on volatily and tail risks, quantitative risk management is ALL about probability and statisitics - all the stuff you learn in the Financial Statistics and Risk Management program (FSRM). This contrasts with derivative pricing, for example,  where mathematical  partial differentail equation and advanced stochastic process modeling dominate.

In addition, the FSRM provides excellent preparation for the FRM (Finanical Risk Manager) certificate as it covers much of the required content allowing the FRM examinations to  be taken either simulataneously or subsequently.

Risk Management is also  in very high demand since the financial crisis.  Banks and other financial institutions are having to make risk management a central focus of their operations because of the beefing up of international  and national regulations since 2008.  Accordingly, these institutions are increasing their employment of skilled quantitive risk managers to satisfy their internal and external compliance requirements.  Regulators also have to augment their ranks of quantitative risk managers.  

If you are considering a graduate degree in risk management, they you owe it to yourself to take a hard look at the FSRM degree. START HERE!

STUDENT PROFILES & RESUMES

News & Events

RESOURCES AND ANNOUNCEMENTS: View resources and news about FSRM and check out our news letters.

FSRM is pleased to announce that, as part of the BS/MS program, GRE/GMAT score submissions are waived for admission applications by Rutgers undergraduates with cumulative GPA of 3.2 or better.

FSRM Selects Imagine Software, Inc. as Preferred Strategic Partner: Read more here

FSRM Application for PRIMIA Module 1, University Membership, Approved: Read more here.
Gordon Ritter, Senior Portfolio Manager, GSA Capital to teach FSRM "Advanced Statistics for Finance" course in Spring 2017: Read more here.

Contact Us

Dr. Neville O'Reilly, Associate Director
P 848-445-7669
E  fsrm@stat.rutgers.edu

FSRM Program
Rutgers, The State University of New Jersey
110 Frelinghuysen Road
479  Hill Center, Busch Campus
Piscataway, NJ 08854