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Please check here for all of the information concerning teaching activities and how they will be carried out in the 2021-2022 academic year.
Admission request
From 15/11/2021 to 30/09/2022
30 places available
Information Sessions
Duration/
Curriculum
1 year / 60 ECTS
Face to face
Spanish
Information/Quality/
Calendars
Regulations/skills
Timetables and y exams
Official status of the Degree
The Official Master's Degree in Financial Risk Management is offered by the Faculty of Economics and Business Administration at Comillas Pontifical University (ICADE), through ICADE Business School.
Its main aim is to provide specialized training oriented to professional roles in the field of risks.
This Master's program is taught on a full-time basis and structured into four modules.
The first one encompasses core training aimed at gaining a thorough understanding of the theoretical background necessary to work as a financial risk manager.
The second one provides the students with specialized knowledge that is specific to the field.
The third and fourth modules cover the Master's dissertation and the in-company internship in the sector, respectively.
Job placement is close to 100% just 6 months after completing the Master´s Degree.
The current changes in the sector -especially in regulatory compliance- due to factors such as digitalisation and ESG (Environmental, Social and Governance) criteria, leads to the high demand for professionals in Financial Risks, who are highly sought after by companies, reaching an employability of almost 100% just 6 months after completion of the Master's Degree.
Many people like you are already making the most of their Master´s Degree. Learn about their experiences.
, Director Global de Certificaciones y Programas Educativos – GARP affirms
GARP is pleased to welcome the ICADE School of Business to the GARP Partnership for Risk Education. The Máster Universitario en Gestión de Riesgos Financieros program is a comprehensive program that provides detailed knowledge of the best practices in financial risk management with a practice-oriented approach. Students completing this course of study should find themselves well prepared for the rigors of the FRM certification program and ready to embark on a career in the global risk management profession.
Giorgo Bertelli
"These studies will allow you to develop your talents to the fullest and respond perfectly to the needs of the market, given their international perspective."
Guillermo Sánchez
"This degree provides an excellent education and training, which provide the foundation to develop a successful professional career in an area in high demand at companies."
Paula Conejos
"It has allowed me to specialize in a booming sector with many job opportunities."
Advance your professional career with this Master’s Degree
Luis Garvía VegaDirector of the Program
Risk Analyst
Financial Risk Quant
Risk Managemet Data Analyst
Operational Risk Analyst
The Official Master's Degree in Financial Risk Management has the participation of the BME Institute, GARP, Alastria and the CFA Institute, in addition ICADE is a protective member of the Risk Management Club of Spain
Lydia FizEY
David Angulo Banco Santander
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Admissions Process
Visit the Faculty at our Open Days. Attendance is not mandatory, but potential candidates are encouraged to learn about the Faculty, see the facilities, and obtain additional information.
Applying for Admission. Admission to this Official Master's Degree in Financial Risk Management is granted by the Dean of the School of Business and Economics, at the proposal of the Deputy Sub Committee on Admissions, formed by the Director of ICADE Business School and the Director of the Master's Degree in Financial Risk Management.
Admissions must be submitted within the time frame stated, in a standard format and accompanied by all of the documents which certify the fulfilment of the entry requirements.
Admission process:
- Excel exercise and a written.
- Certification of a level of proficiency in Spanish that is equivalent to or higher than European Level C (common European framework).
-Any other test intended to verify and analyze oral comprehension, learning capacity or previous knowledge of candidate's analytical skills, their speech understanding, their learning capacity or their previous knowledge.
Assessment of the request for admission to the Official Master's Degree in Financial Risk Assessment shall be obtained from joint assessment of the different requirements. Final admission is established in function of the position of the candidate with regard of global assessment of their academic record with respect to the other candidates and with the number of places available.
The weighting of different admission criteria and requirements are:
-Academic record and complementary tests. 70%
-Personal interview. 20%
-Level of English. 10%
Support Program for Students with Disabilities
Finalizing Registration. Once admitted, students must finalize the registration process. This procedure is initiated on the web page, but it is necessary to present the registration form and the additional documentation at the General Registrar´s Office at the University.
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Important Dates
Admission application filing period:
The period begins on November 15, 2022 and September 30, 2022
Informative Sessions:
Online Event: June 16 (6:00 pm.)
Leave your contact information here.
Classes begin on: October 03, 2022
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Applicant Profile/Requirements and Documentation
Applicant Profile
This Master´s degree is aimed at university graduates who wish to focus their career on the financial sector, gaining specialized and up-to-date training in financial risk management. This training will provide high added value to those who go on to work in financial institutions, consultancy firms, in the insurance sector and the most regulated sectors, such as energy or telecommunications.
It is both suitable for students who have recently finished their studies and those who have professional experience and wish to add this specialist training to their CV.
The abilities largely required by the student are maturity and analytical skills. The attitudes required are motivation, a commitment to work and an appreciation of ethical values.
The Master´s program is particulary suited for those with degrees in economics, business administration or studies that provide solid quantitative training (engineers, technical engineers, those with degrees in mathematics, physics and statistics).
The program is taught in Spanish and therefore an advanced level is required in this language. At the same time, an intermediate level of English is required in order to consult documentary sources and to responde to the requirements stated by companies, both for the course internship and professional opportunities.
Requirements
The applicant should be in possession of an Official University Undergraduate Degree, Bachelor´s or Licenciate Degree, Degree in Architecture or Engineering, or a Degree issued by a an Institution of Higher Education in the European Higher Education Area that allows access to Master's Degrees.
In the case of students with Degrees from countries outside the European Higher Education Area, which have not been validated in Spain, the interested party must submit a request for admission to the Rector, who will make a decision on admission once informed by the Delegated Sub-Commission on Admissions to Master's Degree Programs. Admission to the Program in this way will not imply Official State Validation or Recognition of the Degree prior to other effects than those of enrolling in the Master´s Degree Program.
Documentation
Information notice on the documents to be submitted
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Information on Fees, Payments, Grants and Scholarships
The total fee for the Master's program is €17,562 Enrollment: €2,293.20 plus eight monthly installments of €1,908.60 each. If you are an alumni, you are entitled to 10% discount.
Study grantsC
Contact Information
ICADE Business School
Rey Francisco, 4 - 28008 Madrid
Tel.: +34 91 559 20 00
email: icadebschool@comillas.edu
Person Responsible for the Program:
Director: Prof. Dr. Luis Garvía Vega
( lgarvia@icade.comillas.edu )
Coordinator: Susana de Corral Canals
(scorral@comillas.edu)
SA
Apply for Admission
Are you convinced about studying this Master’s Degree? You need not wait any longer!
Apply for admissionGENERAL SKILLS
Analysis and synthesis capacity.
Ability to manage information from several sources.
Problem-solving and decision-making.
Organization, planning and time management capacity.
Advanced computer skills applied to the relevant field of study.
Interpersonal skills: listening, arguing, discussing.
Leadership and team working capacity
Critical and self-critical capacity.
Ethical commitment.
Capacity to adapt to changes
Initiative and entrepreneurship.
SPECIFIC SKILLS
In-depth understanding of the concept and type of risks from a business approach.
Awareness of the importance of risk management functions within a company.
Deep knowledge and understanding of complex financial products and specific products used in risk management, as well as the particular characteristics of markets where such instruments are negotiated.
Knowledge in advanced statistical models related to risk analysis.
Familiarity with the most used risk measurements and their properties.
Knowledge and application of main advanced statistical tools for data analysis.
Knowledge and application of linear regression analysis statistical models.
Knowledge of classic models for valuation of equity financial assets.
Knowledge and correct application of principles for valuation and management of equity portfolios.
Knowledge and correct application of principles for valuation and management of derivative assets.
Knowledge of the concepts and tools for time series analysis and models for stochastic volatility models.
In-depth study of the concept of market risk and proficiency on calculation methods most used in professional practice.
In-depth study of the concept of liquidity risk and proficiency on calculation methods most used in professional practice.
In-depth study of the concept of credit risk and proficiency on calculation methods most used in professional practice.
In-depth study of the concept of operational, strategic and legal risk and proficiency on calculation methods most used in professional practice.
Ability to reconcile a company's global strategy with its particular risk management strategy, being aware of its impact on the different operational areas.
Knowledge and management of advanced specific software for analysing the necessary information to carry out a professional management of risk.
Identification of any possible ethical issue generated in the corporate environment and justification that the best possible solution has been chosen.
Awareness and knowledge of basic concepts regarding insurance and insurance market.
Use and application of the development of an actual business practice of the different practical and theoretical knowledge acquired on the course of this programme.
Graduate profile
This Official Master's Degree in Financial Risk Management provides students with the necessary skills to carry out their activities in the following financial-related functions.
- Functions in Risk Departments of financial companies (credit entities, investment services companies, management companies for collective investment institutions, and venture capital firms) and highly regulated non-financial companies (such as engineering and energy companies and telcos).
- Risk management functions in venture capital firms, rating agencies, securitisation companies, advisory services companies and consultancy companies.
- Functions linked to departments for development of financial products.
- Positions in planning and control departments.
- Consulting positions in Public Administrations and Regulatory Institutions.
Likewise the Official Master's Degree in Financial Risk Management is a pathway onto the Official Doctorate Program, in line with the provisions in Royal Decree 99/2011 of 28 January which regulates official doctorate teachings.
The Official Master's Degree in Financial Risk Management has a programme including 60 ECTS credits distributed in the following manner:
29 ECTS credits distributed throughout the first semester, and intending to offer students a first outlook in Financial Risk Management, as well as training in professional ethics, methodological training in statistics and financial products, and its application by means of software tools.
27 ECTS credits distributed throughout the second semester. Out of those, 23 correspond to compulsory subjects that offer specialised training in analysis and management of each type of risk. The 4 remaining credits correspond to elective courses thanks to which students may acquire complementary skills.
6 ECTS credits of training though internships in companies.
6 ECTS credits corresponding to the End of Master Project, which shall be presented at any date after in-person lessons of the second semester, are concluded.
In-person lessons are estimated to be concluded in the last weeks of May. From that moment on, the student's tasks are limited to submitting and defending the End of Master Project and finishing their internship, when it has not been finished before.
Evaluation activities are distributed over the two semesters and are highlighted in the relevant time schedule. Extraordinary exams shall be taken over the first two weeks of June.
Timetables Academic Year 2021-2022:
General Academic Calendar of the University
Academic Calendar of the Official Master's Degree in Financial Risk Management.
Academic Calendar of the Official Master's Degree in Financial Risk Management.
ICADE Business School
Calle Rey Francisco, 4.
ICADE Business School, as an integral part of the Faculty of Economic Sciences and Business Administration, at the Universidad Pontificia Comillas, is the beneficiary of, and heir to, a long-standing tradition and experience in the education and training of business professionals. It represents a strategic commitment for the future, combining the best of the past with innovation in teaching, research and the transmission of knowledge in the area of Business.