PROSPECTUS 2011-12

?Master the Art, Science and Mathematics of FINANCIAL RISKMANAGEMENT

Certificate in Financial Engineering and Risk Management �

CONTENTSCFERM: 2011-12

Introduction to NISM and SSE 1.1AboutNISM 1.2AboutSSE 1.3Institute’sPhilosophy 1.4BoardofGovernors 1.5AcademicCouncil

The CFERM Programme 2.1WhyCFERM? 2.2WhyshouldorganizationsencourageCFERM? 2.3WhatdoesCFERMoffer? 2.4HowisCFERMunique? 2.5ProgrammeFormat 2.6ProgrammeDesign:Context,ContentandSequencing 2.7EvaluationandAwardofCertificate

Eligibility Criteria and Admission Procedure 3.1EligibilityCriteria 3.2AdmissionProcess 3.3ProspectusandApplicationForm 3.4LastDateforreceivingdulyfilledinapplications 3.5ImportantDates 3.6FeesandDeposits 3.7Enquiries 3.8ForceMajeure

Academic Team 4.1Full-time/AdjunctFaculty 4.2VisitingFaculty

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Certificate in Financial Engineering and Risk Management�

1 Introduction to NISM and SSE

1.1AboutNISMInhisbudgetspeechofFebruary2005,theHonourableUnionFinanceMinisterannouncedthattheSecuritiesandExchangeBoardofIndia(SEBI)wouldestablishaninstitutetoundertakesecuritiesmarketeducationandresearch.Inpursuanceofthismandate,SEBIestablishedtheNationalInstituteofSecuritiesMarkets(NISM)inMumbaiasapublictrustundertheBombayPublicTrustAct,1950.

TheactivitiesatNISMarecarriedoutthroughitsSixSchoolsofExcellence.Theseinclude:1.SchoolforInvestorEducationandFinancialLiteracy(SIEFL)2.SchoolforCertificationofIntermediaries(SCI)3.SchoolforSecuritiesInformationandResearch(SSIR)4.SchoolforRegulatoryStudiesandSupervision(SRSS)5.SchoolforCorporateGovernance(SCG)6.SchoolforSecuritiesEducation(SSE)

ThemissionforNISMistoaddtomarketqualitythrougheducationalandresearchinitiativesthatwouldsupport,enableandexpediteanentiregamutofhighqualityknowledgeservicesinthesecuritiesindustry.

AmarketforsecuritieseducationandresearchisgraduallyemerginginIndiaandabroad,partlyduetothebuoyancyinthesecuritiesindustryandpartlybecauseoftheregulatoryeffortstocreateminimumcompetencylevelsforsecuritiesindustryprofessionals.NISMintendstoplayacatalyticroleinaddressingtheseneeds.

GiventheuniquenessofIndiaandotheremerging/developingmarkets,suchinterventionwouldfollowthetwinapproachesofaccessing/disseminatingtherelevantexistingknowledgeandcreatingnewknowledgethatismorespecificandappropriateforemergingmarkets.WithnootherinstituteintheAsian

regionthatseekstoaddressaswideacanvas,NISMstandsuniquelypoisedtobecomeaninstitutionthatwouldnotonlyservethesecuritiesmarketsinIndiabutcouldalsoassumeapan-Asianpurpose.

1.2AboutSSENISMarticulatesandimplementsitsmissionofimprovingmarketqualitythroughitssixschoolsofexcellence,eachhavingaspecificdomainpresencewithinthesecuritiesmarkets.TheroleoftheSchoolforSecuritiesEducation(SSE)istoprovideeducationforpreparingcompetentprofessionalswhowillservethesecuritiesmarketsincapacitybuilding.

Thelastfewyearshaveseenademandforsecuritiesprofessionalswhoareequippedwithawiderrepertoireofknowledgeandskills.ThisdemandhasbeenspurredbythechallengesposedbythegrowingIndianeconomyandtheexpandingsecuritiesmarket.WiththeIndianeconomygrowingconsistentlyatover6%,manyIndiancompaniesarescalinguptheiractivitiesinIndiaandabroad.Thishasnecessitatedagreaterneedforcorporationstoaccessthesecuritiesmarkets.TheoveralleconomicgrowthhasalsowitnessedmanyIndiancorporationsseekingtoattractdomesticandforeigninvestmentsthroughlistingsinIndiaandoverseas.

AstheIndianeconomygrowsandasIndianinvestorsseektoparticipatemoreinthecapitalmarkets,theIndianstockexchanges,mutualfunds,merchantbankers,analystsandstockbrokerswouldplayanevenmorevitalroleinmeetingtheenhancedexpectationsofvariousstakeholders.Withitsproximitytopolicymakersandprofessionalsinthesecuritiesmarketscommunity,SSEisuniquelypositionedtoprovideeducationalprogrammesthatwillcreatethenewagesecuritiesmarketsprofessional.

Certificate in Financial Engineering and Risk Management �

Certificate in Financial Engineering and Risk Management�

1.3Institute’sPhilosophyNISM’sactivitiesarededicatedtowardsenhancingthequalityofparticipationinsecuritiesmarkets.Thisinvolvesdevelopmentofknowledgeandskillbaseofallstakeholders.TheInstitute’sphilosophyembodiesthespiritofcommitmenttotheseobjectives.

1.3.1VisionTolead,catalyzeanddelivereducationalinitiativestoenhancethequalityofsecuritiesmarkets.

1.3.2MissionToengageincapacitybuildingamongstakeholdersinthesecuritiesmarketsthroughfinancialliteracy,professionaleducation,certification,enhancinggovernancestandardsandfosteringpolicyresearch.

1.3.3BeliefNISMenvisionsacatalyticroleinpromotingsecuritiesmarketsresearchandeducation,through:•closeinterfacewithpolicymakers,regulatorsandindustryparticipants•continuousknowledgecreation,acquisitionand dissemination•collaborationwiththelargereducationalandmarket infrastructuretoreachconstituenciesrelevanttothe securitiesmarkets

1.4BoardofGovernorsNISMisanautonomousbodygovernedbyaBoardofGovernorswithstrategicguidancefromaninternationalAdvisoryCouncil.•Mr.U.K.Sinha,Chairman,SEBI(Chairman,Boardof Governors)•Mr.M.S.Sahoo,WholeTimeMember,SEBI•Dr.K.M.Abraham,WholeTimeMember,SEBI•Dr.K.P.Krishnan,SecretarytoPrimeMinister’s EconomicAdvisoryCouncil•Dr.K.R.S.Murthy,FormerDirector,IIMBangalore•Mr.Y.C.Deveshwar,Chairman,ITCLtd.•Mr.M.B.N.Rao,FormerChairman&Managing Director,CanaraBank•Mr.PratipKar,Consultant,GlobalCorporate GovernanceForum,InternationalFinanceCorporation•Dr.MohanGopal,Director,NationalJudicialAcademy,Bhopal•Mr.P.K.Nagpal,ExecutiveDirector,SEBI•Mr.RafiqDada,SeniorAdvocate,HighCourt,Mumbai•Prof.G.Sehtu,OSD-In-Charge,NISM

1.5AcademicCouncil•Dr.PritamSingh,ProfessorofEminence,ManagementDevelopmentInstitute,Gurgaon•Prof.R.Vaidyanathan,ProfessorofFinance,IIM, Bangalore•Dr.SanjayKallapur,SeniorAssociateDean-Faculty andResearch,IndianSchoolofBusiness,Hyderabad•Dr.AjayShah,Professor,NationalInstituteofPublic FinanceandPolicy,NewDelhi•Prof.G.Sethu,OSD-In-Charge,NISM

Certificate in Financial Engineering and Risk Management �

2CFERM ProgrammeTheCFERMprogrammeisanexecutivecertificateprogrammeinfinancialengineeringandriskmanagement.Ithasbeendesignedforworkingprofessionalsintreasuryandriskmanagementfunctionswhocannotattendfull-timeprogrammes.TheCFERMprogrammewillbeofferedbyNISMatVashi.

Certificate in Financial Engineering and Risk Management�

2.1WhyCFERM?TheCFERMprogrammeaddressestheneedsofaspiringfinanceprofessionalstofurthertheircareerinthefieldoffinancialengineeringandriskmanagement.ItopensupcareeroptionsinthefinancialsectorinIndiaandabroad.Onsuccessfulcompletionoftheprogramme,candidateswouldhaveacquiredtheknowledgeto:•Designandunderstandnewfinancialproductsand financialsolutions•Managethetreasurymoreeffectively•Implementfinancialsolutionsforbanks,corporate andotherentitiesinthefinancialsector•Assessandevaluatevariousfinancialengineeringandriskmanagementsolutionsofferedbyvendors•Addresstheriskmanagementissuesatstrategicand operationallevelsofanorganization

2.2WhyshouldorganizationsencourageCFERM?Inthemodernworld,organizationsseektoeffectivelyutilizefinancialresourcestomeetbusinessrequirements.Financialengineeringofferscustomizedfinancialsolutionstowardsthis.Further,riskmanagementinorganizationshasbecomeacorestrategicfunctiontoday.Therefore,ithasbecomenecessarythatanorganizationhasateamoffinancialengineeringandriskmanagementprofessionalstodischarge,overseeandguidethispivotalresponsibility.

CFERMoffersanin-depthunderstandingfromthepointofviewofsellers,buyers,analystsandregulatorsasopposedtothecurrent‘black-box’approach.TheCFERMprogrammewillresultinawin-winsituationforprofessionalsengagedintreasuryandriskmanagementfunctionsandtheiremployersin:•Banks•PMS•MutualFunds•InsuranceCompanies•PensionFunds•PrivateEquityCompanies•HedgeFunds•InvestmentBanks•StockBrokingfirms•FirmsthattradeinCommodities,Currenciesand otherInstruments•CreditRatingAgencies•SecuritiesResearchfirms

•IT&ITES,KPOfirmsengagedinAnalytics,QuantitativeResearchandBusinessSolutions

2.3WhatdoesCFERMoffer?Thelevelofsophisticationandcomplexityofthesubjectmeritsaclassroom-basedprogramme.ThroughtheCFERMprogramme,NISMaimstoprovidethefinancialmarketswithacadreofprofessionalswell-versedinskillsaswellasknowledgeoffinancialengineeringandriskmanagement.

TheCFERMprogrammeoffers:•Approximately300hoursofclassroomsessions•Ateamofhighlyqualifiedandexperiencedfaculty membersdeliveringthemodules•Acombinationoftheoryandpractice(twomodules: BasicandAdvanced)•Acombinationofmathematics,statistics,financial economics,computationalfinance,financialmodellingandriskmanagement•Experiencedindustryprofessionalssharingtheir knowledgewithparticipants•Continuousevaluationthatmotivatesparticipantsto delivertheirbest•Multiplepedagogyconsistingofinteractiveclassroomsessions,simulations,casediscussions,projectwork, andseminars•Thelatestdevelopmentsinthefieldbroughtintothe classroom•Apeergroupofstudentswithwhomonecaninteractandlearnbysharingexperiences

2.4HowisCFERMunique?CFERMhasseveraluniquefeatures:•Convenientclasstimingstosuittheneedsofworkingexecutives•Rigorousandwell-designedcurriculumwithemphasisonclassparticipation•Ateamofbest-in-classfaculty•Accesstostate-of-the-artlibraryandcomputing facilitieswithlatestsoftwaresuchasR,SASand financialdatabasessuchasBloombergandothersforfinancialmodellingandsimulation•Reinforcementofconceptsthroughcasestudies•RelevantexamplesandcasestudiesfromtheIndian scenario

Certificate in Financial Engineering and Risk Management �

2.5ProgrammeFormat:CFERMprogrammeisofferedintwodifferentformats(AandB)toenableminimaldisruptionofworkschedulesforprofessionalsworkinganywhereinIndia.

TotalDuration:Approximately300Hours

FormatA:Weekend programme at Vashi.Participantsarerequiredtoattend9hoursofclassroom/technicalsessionsduringeachweekend(i.e.SaturdaysandSundays)foraperiodof9months.Thisformatissuitableforparticipantswhoprefertoattendclassesduringweekends.

Location:NationalInstituteofSecuritiesMarkets,Vashi,NaviMumbai

FormatB:Residential programme at Vashi.Underthisformatthe,programmewillbeofferedinfourmodules.EachmodulewouldhaveadurationofninedaysstartingfromaSaturdaytotheSundayofthenextweek.Inall,aparticipantwouldhavetotakeatotalleaveof20daysfromofficeduringtheyeari.e.fivedays(Monday–Friday)ineachquarteroftheyear.Atimetableofclassroom/technicalsessionsisprovidedbelow.Residentialaccommodationcanbeprovided,subjecttoavailability,atNISMNiwas,Vashiatanominalcost.Thisformatallowsenrolmentforout-stationparticipantsinterestedintheprogramme.

Location:NationalInstituteofSecuritiesMarkets,Vashi,NaviMumbai

Theprogramdeliverywillincludeclassroomsessions,projectsandgroupwork.ThecandidateswillhaveaccesstolibraryandothercomputingfacilitiessuchasR,SASandfinancialdatabasessuchasBloombergandothersforfinancialmodellingandsimulation.

PleasefindthecalendarbelowforthescheduledclassesinFormatB.Theclasseswilltakeplaceonthehighlighteddates.

JULY2011

S M T W T F S

31 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 1617 18 19 20 21 22 23

24 25 26 27 28 29 30

SEPTEMBER2011

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 1718 19 20 21 22 23 24

25 26 27 28 29 30

OCTOBER2011

S M T W T F S

30 31 1

2 3 4 5 6 7 8

9 10 11 12 13 14 1516 17 18 19 20 21 22

23 24 25 26 27 28 29

NOVEMBER2011

S M T W T F S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 1920 21 22 23 24 25 26

27 28 29 30

JANUARY2012

S M T W T F S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 2122 23 24 25 26 27 28

29 30 31

MARCH2012

S M T W T F S

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4 5 6 7 8 9 10

11 12 13 14 15 16 1718 19 20 21 22 23 24

25 26 27 28 29 30

“BasicModuleexamforFormatAandB”

Module1 Module2

Module2 Module3 Module4

Certificate in Financial Engineering and Risk Management10

2.6ProgrammeDesign:Context,ContentandSequencingTheCFERMprogram#comprisesoftwomodules:BasicandAdvanced.TheBasicmoduleaimsatpreparingtheparticipanttoacquirethenecessaryknowledge

inMathematicsandStatisticstounderstandandappreciatefinancialengineeringmodels/products.TheAdvancedmodulecoversapplicationandpracticalphasesoftheCertificateinFinancialEngineeringandRiskManagementprogramme#

BasicModule

FormatA:ClassroomsessionsspreadoverweekendsfromJuly16toSeptember18,2011FormatB:ClassroomsessionsfromJuly16toJuly24,2011

MathematicsforQuantitativeFinancialRiskManagement 30hrsStatisticsforQuantitativeFinancialRiskManagement 33hrs

OnlythosewhosucceedintheBasicModulewrittenexamwouldqualifyfortheAdvancedModuleofCFERM.TentativedateofwrittenexamisSeptember25,2011.

AdvancedModule

FormatA:ClassroomsessionsspreadoverweekendsduringOctober2011toMarch2012FormatB:ClassroomsessionsduringOctober29–November7,2011;January21–January29,2012,andMarch9–March18,2012

FinancialEngineering–Frameworks 10hrsFinancialEconomics 30hrsEquity,CurrencyandCommodityDerivativespricing 30hrsRiskManagement–I 30hrsRiskManagement–II 30hrsAppliedFinancialEconometrics 30hrsFinancialModeling 20hrsFinancialEngineering–Applications 30hrsProjectDissertation,Seminar/WorkshoponcontemporaryFEissues 24hrs

#NISMreservestherighttoadd,modify,mergeordeleteanyoftheabovementionedprogrammecalendar/courses/topicsforoverallbenefitoftheprogramme.Evaluationforallsubjectsincludesclasstests,surprisequizzes,practicalexercises,assignments,mid-termexamandfinalexam.Theactualimplementationofanyofthethreeformatsdependsontheminimumnumberofparticipantsenrolledforit.Incasetherearenotenoughparticipantsforaparticularformat,itwillbemergedwiththeformatthathastherequirednumberforparticipants.

All participants are required to get their personal laptops for the programme.

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2.7EvaluationandAwardofCertificate

2.7.1EvaluationCFERMstudentswillbeevaluatedonthefollowing:•Pre-classpreparation•Classparticipation•Quizzes•Assignments/practicalexercises•Mid-termandend-termexaminationsand/orany otherproceduretheInstitutemayprescribefromtimetotime.

2.7.2AwardofCertificate1.CertificatewillbeawardedonlytothosestudentswhosuccessfullycleartheBasicandAdvancedModuleexaminationsandmeetthecriterialaiddownbytheboardofexaminers.

2.InordertobeadmittedtotheAdvancedModule,studentsarerequiredtocleartheBasicModuleexamwithaminimumof50%.CandidateswhoareunabletocleartheBasicModuleexamarepermittedtoreappearonce,inthenextacademicsession.Noextrafeewillbechargedforthisexam.CandidateswhodonotcleartheBasicModuleexaminthesecondattemptwillnotbeadmittedtotheAdvancedModule.SuchcandidatesshallreceiveaparticipationcertificatefortheBasicModuleiftheymeetthespecifiedattendancecriteria.

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3 Eligibility Criteria and Admission Procedure

3.1EligibilityCriteriaThefollowingacademicqualificationsandworkexperiencearerequired:AcademicQualificationsGraduatefromanyrecognizedIndianuniversityorequivalentWorkExperiencePreferencewillbegiventocandidateshavingworkexperience

Candidateswillbeshortlistedforinterviewsonthebasisofacademicqualificationandworkexperience.

3.2AdmissionProcess1.Allapplicationsreceivedwillbescrutinizedandonlyshortlistedcandidateswillbecalledforpersonalinterviews.Candidateswhoareshortlistedwillbeintimatedthroughemailand/ortheInstitute’swebsiteonJune6,2011.2.ThepersonalinterviewswillbeheldatMumbai/NaviMumbaiduringJune17-19,2011.Theexacttimingwillbeintimatedinthecommunicationsenttoeach

candidateappearingforthepersonalinterview.3.Afterthepersonalinterview,afirstlistofcandidatesselectedforadmissiontotheBasicModulewillbeannouncedontheNISMwebsite.Therespectivecandidateswillalsobeinformedthroughemail/letteronJune24,2011.4.NISMreservestherighttopostponeorcancelthedateofpersonalinterview/s.CandidatesareadvisedtovisittheInstitute’swebsitefromtimetotimeforanychangesandotherinformation.5.Allexpensesincurredforattendingthepersonalinterviewsshallbebornebythecandidate.NISMwillnotbearorreimburseanyexpenditureinthisregard.

3.3ProspectusandApplicationFormTheprospectusandapplicationformcanbedownloadedfromtheInstitute’swebsite:www.nism.ac.in.CandidatescanalsoobtaintheapplicationformalongwithprospectusfromtheInstitute’sofficeatVashi(Mumbai).Applicationformdulyfilledinallrespects,

Certificate in Financial Engineering and Risk Management 1�

alongwithademanddraftofRs.500/-(Rupeesfivehundredonly)drawninfavourof“NationalInstituteofSecuritiesMarkets”payableatMumbai,shouldbesenttothefollowingaddresswiththenameoftheprogrammeontopoftheenvelope:

CFERMAdmissionsOfficeNationalInstituteofSecuritiesMarkets,NiSMBhavan,PlotNo.82,Sector17,Vashi,NaviMumbai–400705

3.4Lastdateforreceivingdulyfilled-inapplicationsInterestedcandidatesshouldsendtheirdulyfilledapplicationformalongwithademanddraftofRs.500(Rupeesfivehundredonly)soastoreachtheInstituteonorbeforeMay27,2011.Incompleteformsandformsreceivedaftertheduedatewillnotbeaccepted.PleasedoNOTenclosecopiesofanycertificatealongwiththeapplicationform.

3.5ImportantDatesLastdateforSubmissionofcompletedApplicationFormMay27,2011

ListofcandidatesshortlistedonthebasisofacademicandexperiencecriteriaforpersonalinterviewsJune6,2011

PersonalInterviewsofshortlistedcandidatesJune17-19,2011

AnnouncementofselectedcandidatesJune24,2011

LastdateforpaymentoffirstinstalmentofRs.30,000July4,2011

InauguralSessionofCFERMJuly16,2011

BasicModulewrittenexamSeptember25,2011

AnnouncementofBasicModuleexamresultsontheInstitute’swebsiteSeptember30,2011

LastdateforpaymentofsecondinstalmentOctober10,2011

LastdateforpaymentofthirdinstalmentJanuary21,2012

ThelistofimportantdateswillremainsameforbothformatsofCFERM.

3.6FeesandDepositsThetotalfeeisRs.1,50,000/-(Rupeesonelakhfiftythousandonly).Thefeeispayableinthreeinstalmentsasfollows:

•Firstinstalment:Rs.30,000/-(tobepaidwhenthe candidateisofferedadmissiontotheprogramme,onorbeforeJuly4,2011.)•Secondinstalment:Rs.60,000/-(tobepaidatthe beginningofAdvancedModule,onorbeforeOctober10,2011.)•Thirdinstalment:Rs.60,000/-(tobepaidonorbeforeJanuary21,2012.)

Thebreak-upofthefeeisasunder:

Sr.No. Particulars Amount(Rs.)

1 Tuitionfee 1,20,000

2 Courseware 10,000

3 Examinationfee 10,000

4 Libraryfee 10,000

Total 1,50,000

3.7EnquiriesAllacademicenquiriesmaybemailedtoMs.KavithaRanganathan,ProgrammeManager-Academicsatcferm@nism.ac.in

3.8ForceMajeureTheInstitutereservestherighttopostponeorcancelthedatesofpersonalinterview/test.Also,theInstitutereservestherighttomodify/changetheprogrammeschedules,etc.TheInstitute’sdecisioninthisregardshallbefinalandbindingonallparticipants.AllcandidatesarealsoadvisedtovisittheInstitute’swebsiteregularlyforanyupdatesregardingtheprogramme.

Certificate in Financial Engineering and Risk Management1�

4 Faculty

4.1Full-time/AdjunctFacultyProf.G.Sethu:Prof.Sethuhas33yearsofexperienceinteaching,research,advisory,andadministration.HereceivedhisB.Tech(Honours)fromtheIndianInstituteofTechnology(IIT),Kharagpur;hisM.TechfromIIT,MadrasandaDoctorateinManagementwithspecializationinFinancefromtheIndianInstituteofManagement(IIM),Ahmedabad.HehasservedintheIndianAdministrativeService(IAS)during1981-1991andwaspartofXLRIJamshedpurandtheUTIInstituteofCapitalMarkets.

HehasalsobeenamemberofmanycommitteesformedbySEBIandvariousindustryandeducationalbodies.Hehasservedasboardmemberonmanycompanies.Asvisitingprofessor,hehastaughtCorporateFinanceandInvestmentManagementtoMBAstudentsinvariousinstitutesincludingIIMAhmedabad,IIMIndoreandIITMumbai.

Prof.SunderRamKorivi:Prof.KoriviisanMA(Economics&PoliticalScience)andPhD(BusinessPolicy&Administration)fromtheUniversityofMumbai.HeisaFellowoftheInstituteofCharteredAccountantsofIndia,AssociateoftheInstituteofCost&WorksAccountantsofIndiaandanAssociateoftheInsuranceInstituteofIndia.Afull-timefacultymemberatSPJainInstituteofManagement,helaterbecameaProfessoratNMIMSUniversity,wherehealsoservedastheHeadofDepartmentsofFinanceandEconomicsandastheDeanoftheSchoolofBusinessManagement.HehasalsoservedonvariousBoardsoftheUniversity,viz.,BoardofManagement,AdvisoryBoard,Planning&MonitoringBoardandastheConveneroftheAcademicCouncil.

HisinterestsareinthefieldsofFinancialReporting,FinancialInstitutions&MarketsandFixedIncomeSecurities.Hehasconductedpolicy-orientedresearch

Certificate in Financial Engineering and Risk Management 1�

fortheCentralandStateGovernments.AnadjunctfacultyatIIMKozhikode,hehasalsolecturedatNIBM,NIA,NITIEandotherinstitutesofnationalimportance.Inadditiontoauthoringpapersinnationaljournalsandinternationalconferences,hehasguidedandrefereedPhDstudies.

Dr.KiranKumar:Dr.KiranKumarholdsaPhDinFinancefromtheIndianInstituteofScience,BangaloreandanMAinEconomicsfromHyderabadCentralUniversity.HisresearchfocusesonMarketMicrostructure,Derivatives,andAppliedFinancialEconometrics.HehasreceivedfiveBestPaperawardsinnationalandinternationalconferencesandhaspublishedtenresearchpapers.HehasdeliveredlecturesatseveralresearchworkshopsincludingSASWorkshopforResearchersatIndianSchoolofBusiness,StructuralVARModelsatRBIStaffCollege,andEconometricsWorkshopofIndianEconometricSociety.

Earlier,Dr.KiranKumarwaswiththeCentreforAnalyticalFinance,IndianSchoolofBusinessasSeniorResearcherandResearcheratICICIResearchCentre,Chennai.AtNISM,inadditiontohisteachingandresearchresponsibilities,Dr.KiranKumarisalsotheProgrammeDirectorofthenine-month“CertificateinFinancialEngineeringandRiskManagement”programmeandisalsoassociatedwiththeSchoolforSecuritiesInformationandResearchinbuildingtheNetworkforSecuritiesMarketData.

Ms.PoonamMehra:Dr.PoonamMehraholdsaPhDfromtheIndiraGandhiInstituteofDevelopmentResearch(IGIDR),Mumbai.ShehasbeenaPhDscholaratUniversityofHamburgundertheEuropeanUnion’sAsialinkScholarshipProgramme(December2006).SheisaGoldmedallistinEconomics(MSc)withspecializationinEconometricsandIndustrialOrganization.HerteachinginterestsincludeEconomicsforSecuritiesMarkets,Mergers&Acquisitions,andEconometricsandRegulationinSecuritiesMarkets.HerresearchinterestsincludeAppliedEconometrics,CorporateFinance,InstitutionalEconomicsandAppliedGameTheory.Shehaspublishedpapersininternationaljournalsandhaspresentedherresearchworkinseveralinternationalconferencesandworkshops.

DrRachanaBaid,AdjunctAssociateProfessorDr.RachanaBaidisanMCom(Goldmedallist)andaPhD.ShespecializesinFinancialSystemsandRegulatory

Policy.ShehasundertakenconsultingassignmentswithmultilateralagenciessuchastheWorldBankandhasbeenavisitingfacultyatIIMIndoreandSPJainInstituteofManagement.ShehasalsoservedasanAssistantProfessorattheUTIInstituteofCapitalMarkets,Mumbaiforaboutadecade.

Mr.SuneelSarswat:Mr.SuneelSarswatisanMScinStatisticsandInformaticsfromtheDepartmentofMathematics,IITBombay.BeforejoiningNISM,hehasworkedwithBankofAmericaonFinancialAnalytics.HehaskeeninterestinComputationalFinanceandiswellversedinVisualBasic,C++,Matlab,R,PERLandotherprogramminglanguagesusefulinFinancialEngineering.Heisengagedinvitalprojectssuchastheapplicationofneuralnetworksinfinancialanalysis,creditratingsandtradingalgorithmsinvolvingpatternrecognition.

4.2VisitingFaculty

Dr.S.Sundararajan:Dr.Sundarajan,aProfessoratMSBarodaUniversity,isanMA(Economics),LLB,MBA(Wisconsin),andaPhD.HeisanexpertinSecuritiesMarketsandRiskManagement&Derivaties.HeisalsoavisitingfacultyatSPJainInstituteofManagementandGreatLakesInstituteofManagement.

Dr.M.Venkateswarlu:AnMComandPhDfromOsmaniaUniversity,Hyderabad,Dr.VenkateswarluisaseniorfacultymemberattheNationalInstituteofIndustrialEngineering(NITIE).HehasbeenteachingInternationalFinance,FinancialDerivativesandFinancialEconomicsforthepastseveralyears.HeisthearchitectoftheCRISILCertifiedAnalystProgramme(CCAP),anadvancedweekendexecutiveprogramme.HehasworkedondevelopingaVolatilityIndexandhasseveralresearchpaperstohiscredit.

Mr.B.Venkatesh:FounderandManagingPrincipalofNaveraConsulting,Mr.Venkateshcreateswealthmapsthatenablepeopletorealizetheirinvestmentobjectivesandachievefinancialfreedom.Heisalsoactivelyinvolvedinprovidinginvestorlearningsolutions,includingcorporatetrainingandopen-houseworkshops.HeisaCFAcharter-holderfromtheCFAInstitute,US.Besides,heholdsFRMcertificationfromGARP,USand

Certificate in Financial Engineering and Risk Management1�

PRMcertificationfromPRMIA,US.HeisalsoaFellowMemberoftheInstituteofCharteredAccountantsofIndiaandaGraduateMemberoftheInstituteofCostsandWorksAccountantsofIndia.

Dr.KavitaLaghate:AnMSc(Statistics)andPhD,Dr.LaghateisafacultymemberatJamnalalBajajInstituteofManagementStudies,UniversityofMumbai.HerareasofspecializationareStatistics,OperationResearch,QuantitativeModels,QuantitativeFinanceandResearchMethods.

Ms.MonitaJoshiKhamkar:AnMBA(Finance)fromNMIMSUniversityandaFellowoftheInsuranceInstituteofIndia(F.I.I.I.),specializinginLifeInsurance,Ms.Khamkarhasover14yearsofexperiencewithLICofIndiaandotherinsurancecompaniesinunderwriting,financeandrelatedfunctions.SheteachesFinancialMathematicswithapplicationsininvestmentsandactuarialscience.

Mr.SanjoyChoudhury:FounderandDirectorofRadiantConsulting,Mr.ChoudhuryisavastlyexperiencedfinancialmarketprofessionalintheBanking&FinancialServicesIndustry.Hehasdiverseexperiencespanningmulti-nationalbanks(ICICIBank),multi-nationalfinancialservicesorganization(GlobeOp),multi-nationalfinancialinformationservicesorganization(Telerate)andpremiumresearchhouses(Credence)forapproximately15years.HeisanMBAandanFRM.

Mr.T.S.Anantakrishnan:ACFA(US),MBAFinanceNYUSTERNUS,FinancialRiskManager(FRM,US)Mr.AnantakrishnanhasservedinseniorpositionsinRiskandPortfolioAnalyticsinlargehedgefundsandInvestmentbanks.Heservedas

DirectorRiskAdvisorforShumwayCapital,USAaswellasininvestmentorganizationslikeGoldmanSachsintheAssetManagementdivision.Hehasover10yearsofexperienceinportfolioanalyticsandriskmanagement.HeisalsoaregionaldirectorfortheIndiaChapterofGARP.HeregularlyfeaturesonCNBC,NDTV,etc.offeringhisviewsontheIndianMarkets.

Mr.ChandreshShah:CurrentlyworkingwithTataCapitalLtd.asVicePresident-CorporateRiskManagement,Mr.Shahhasmorethan15yearsofexperienceintheareaofBanking,CapitalandSecuritiesMarket.HispastassignmentsincludeRiskManagementrolesatStandardChartered,HSBC,SBI&HDFCSecurities.AsCROatSBIAssetManagement,hewasinstrumentalinsettinguptheRiskFunctionforInvestmentManagementanddevelopedInternalModelsforriskmeasurement.

AsHeadofRiskManagementatHSBCAssetManagementheplayedakeyroleinimplementingGlobalRiskManagementBestpracticesofHSBCinIndia.AtStandardCharteredBank,hedevelopedkeymetricsforMarketRiskandAssetliabilitiesManagement.HeisaCostAccountantandaPostgraduateinManagementfromtheUniversityofMumbaiandholdsaCFAcharter.MrShahisalsoacertifiedFRM.

Mr.AkhlaqueAhmedMr.AkhlaqueAhmedisanMSC(Mathematics)fromAligarhMuslimUniversityandanMPhilfromtheUniversityofMumbai.HeisassociatedwiththeBScprogrammeoftheLondonSchoolofEconomicsandPoliticalSciencesconductedatMumbai.HisaresofinterestincludeFinancialMathematicsandQuantitativeFinance.”

PleaseRemember

•ApplicationformdulyfilledinallrespectsalongwithdemanddraftshouldreachtheinstituteonorbeforeMay27,2011.

•Institutereservestherighttochangeorcancelthedatesofthepersonalinterview.Candidateswillbeinformedinadvancedbye-mailincaseofsuchchanges.CandidatesareadvisedtoregularlyvisittheInstitute’swebsitefortheupdatedinformation.

•Resultsoftheinterviewswillbeintimatedtothesuccessfulcandidatesthroughe-mailandthesamewillbedisplayedontheInstitute’swebsite.Noseparatecommunicationwillbesentinthisregard.Hence,candidatesareadvisedtochecktheire-mailandalsotheInstitute’swebsiteonaregularbasis.

Allcorrespondencetobesenttothefollowingaddress:CFERMAdmissionsOfficeNationalInstituteofSecuritiesMarketsNISMBhavan,PlotNo.82,Sector17,Vashi,NaviMumbai–400705Tel:022-66735100-05Fax:022-66735110Email:cferm@nism.ac.inWebsite:www.nism.ac.in

NATIONAL INSTITUTE OFSECURITY MARKETS

an educational initiative by Sebi