Quantitative Derivatives Pricing and Risk Modeling

The financial services industry has been experiencing a profound transformation, marked by regulatory reforms and structural changes, as well as an unprecedented surge in market complexity. These developments have significantly impacted companies and their workforce requirements. By joining this program, you will dive beyond basic concepts into advanced derivatives and risk concepts through real-world examples, self-guided exercises, and live facilitated sessions through The Center for Technology Management and Digital Leadership at Northeastern University by Acadia leadership and other industry experts.

You will be empowered with unique and practical experiences by working closely with and contributing to the Open Source Risk Engine (ORE),
an industry-leading software toolkit used in production by several large banks, hedge funds, and asset managers, facilitated by
ORE’s authors at Acadia, a renowned global technology, quantitative finance and consulting firm and acquired by the London Stock Exchange Group (LSEG). Upon completion of the program, you will receive a Northeastern University badge that reflects the rigor of your experience.

Why join the Quantitative Derivatives Pricing and Risk Modeling program with Northeastern and Acadia?

Gain a competitive edge:

In just 8 hours a week over 7 months, you will gain
hands-on experience and a deep understanding of
quantitative finance concepts. Our program is ideal for
professionals with basic quantitative finance, risk
management, and financial modeling experience, and
some knowledge of C++ and/or Python.

Experience the Power of ORE:

Our program leverages the industry-leading Open
Source Risk Engine (ORE) – a free/open source
platform for pricing and risk analytics of traded
instruments, providing contemporary market and
credit risk analytics that meet post-2008 heightened
industry requirements. Alongside real-world risk
practitioners, you'll explore the contextual and
regulatory drivers of analytics, gaining insights that no other program offers.

Expand your network and make immediate impact

Join a cohort of quantitative analysts, financial
engineers, risk managers, and more who will lead
the derivatives market. You will leave the program
with specialized skills that answer financial
questions through mathematical models, use
asset-class specific models to carry out relevant
analysis, and implement results based on advanced methods.

The Northeastern/Acadia Collaboration:

By leveraging their global network of industry
leaders, the Center for Technology Management and Digital Leadership exemplifies Northeastern University’s commitment to unique lifelong learning opportunities and industry collaborations. You'll benefit from the combined expertise of Acadia senior leaders, ensuring a well-rounded and transformative learning experience.

What you can expect:

●  Cohorts begin on September 16, 2024. Dates TBD for future cohort starts.
●  A flexible 8-hour-a-week commitment over 7 months.
●  Six 4-week modules, allowing for in-depth exploration of each topic.
●  Online guided videos and exercises for flexible learning.
●  Weekly live, interactive sessions with Acadia senior leaders, offering invaluable insights and support.
●  Interviews, examples, and case studies from current professionals, providing real-world perspectives.
●  Networking opportunities with peers, experts, and Acadia leadership, expanding your professional circle.
●  Earn a badge for your career-advancing achievement
●  A highly interactive and intensive non-credit, non-degree program.

How will you benefit?

For Individuals:

Embrace a competitive advantage in the quantitative finance derivatives risk management job market – a high-potential and high-demand niche in the financial industry. Our program equips you with specialized skills that make you a sought-after asset for top financial institutions.

For Companies:

Are you facing a scarcity of qualified professionals within your organization? Position yourself to grow and thrive in this lucrative market by sponsoring your employees in our program. Investing in your teams will empower them with the specialized skills necessary for success, fostering growth and stability within your organization.

Program Modules

Module 1: Curve Building and Bootstrapping
‍Module 2: Exotic Derivatives Pricing
‍Module 3: Regulatory Trends in Derivatives, Margining, and Capital
‍Module 4: Industrial Market Risk Calculations in ORE
‍Module 5: Credit Risk – Theory and Practice in ORE
‍Module 6: Object-Oriented Programming for Derivatives