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Programme Introduction:
Risk quantification has emerged as a critical pillar of a firm’s financial stability and long-term sustainability. In an increasingly volatile and uncertain economic environment, the ability to identify, measure, and manage financial risks has become essential for effective decision-making. This Faculty Development Program on “Financial Risk Analytics” is designed to provide participants with a comprehensive understanding of various types of financial risks and the analytical frameworks used for their quantification and assessment. The program adopts an applied and practice-oriented approach, combining conceptual foundations with real-world insights.
Programme Objectives:
To develop a conceptual understanding of major financial risks faced by organizations.
To familiarize participants with quantitative techniques used in risk measurement and modelling.
To enhance analytical skills through practical applications and case-based discussions.
To enable effective use of MS Excel for risk analysis and decision support.
Programme Content:
Introduction to Risk Management
Types of risks – Market, Credit, and Operational risk
Basel norms and credit risk
Credit Ratings
Estimation of expected loss using excel
Value-at-Risk (VaR) estimation using Credit Risk Models
Estimation of probability of default using Logit Model
Altman Z score – Probability of Default
Market Risk - Historical Simulation, Monte Carlo Simulation
Prof. Vandana Gupta is a Professor of Finance at FORE School of Management, Delhi, India. Her experience spans over 30 years, which includes academics and industry. She has worked with some leading corporates as Bennett Coleman & Company, Infosys, ICRA (India’s leading Credit Rating Agency) and Religare Securities Limited (equity research). Her teaching areas are Financial Reporting and Analysis, Corporate Finance, Credit Risk, Project Appraisal and Financing and Business Valuations. Her PhD has been in credit risk and her research works are broadly focused on credit risk and bankruptcy prediction. She has a certification from NUS Singapore on Credit Risk Management. She has to her credit several research papers in national and international journals.
Prof Vandana Bhama
PhD-IIT Delhi, MBA (Finance)
Prof. Vandana Bhama is working as an Associate Professor in the area of Finance & Accounting at FORE School of Management Delhi. She has more than 10 years of experience in academics. Her teaching interests include - Financial Accounting, Corporate Finance, Financial Derivatives and Risk Management. She has taken various sessions in MDPs on Finance for Non-Finance executives for Certatizit India Pvt. Ltd, SOS Childern’s Village, and successfully conducted FDP on Derivatives and Risk Management. She has published her research work in reputed international and national journals such as International Journal of Managerial Finance, Journal of Emerging Market Finance, IIMB Management Review etc. She received the Outstanding Reviewer – Emerald Literati Award 2025 in recognition of her continued support to the Journal of Advances in Management Research.
Industry Speaker: Mr Jitendra Arora
Founder and Managing Partner, Beyond RisX
Jitender Arora has 28+ years of leadership experience in Enterprise Risk, Governance, Operational Resilience, and Business Transformation, spanning Retail & Investment Banking, Cards, Insurance, Payments, and Asset Management. He is the Founder & Managing Partner of Beyond RisX, a boutique consultancy enabling organizations to proactively manage risk through governance and technology-led solutions. Jitender is also a founding member of GARiME (Governance, Assurance & Risk Management Excellence), a not-for-profit uplifting risk and governance practices in India. Previously, he led Enterprise Risk for Fortune 100 firms including State Street, Credit Suisse, and American Express in India and New York. A sought-after speaker and mentor, Jitender regularly addresses forums on Risk Management, Corporate Governance, and Leadership.
For registration/inquiries, please email exed@fsm.ac.in or call at +91 85959 32210 or +91 98108 75278
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Executive Education/MDPs
FORE School of Management has been designing, developing and conducting innovative Executive Education (EE)/ Management Development Programmes (MDPs) for working executives in India for over three decades.
