mathguy2222
10-28-2002, 07:01 PM
Financial Engineer Certification Program
The International Association of Financial Engineers is planning for a certification in financial engineering. This is a reflection of the increasing complexity of todays financial markets, and signifies the coming of age of the financial engineering professional. The growing demands and needs of corporations, public funds, and individual and institutional investors have caused rapid innovation in the financial markets. Todays sophisticated financial markets have spurred the demand for financial professionals with a complex and unique skills set.
Quantitative and analytical methods and techniques have become critical to understanding todays financial instruments. The risks and complexities of the financial markets, and the business environment in general, have mandated knowledge of tools traditionally associated with the natural science and engineering disciplines. All the while, traditional disciplines, such as accounting and economics, continue to play an important part in business decisions and market innovation. As a result, a newly formed discipline is evolving that requires a composite mix of skills from historically distinct disciplines.
Like other certified professionals, employers need to be able to confidently assess the qualifications of financial engineers, who play a growing role in fields, such as risk management, structuring, etc. The certification addresses this need.
Preliminary plans anticipate several components to the certification. In addition to educational requirements from accredited institutions, the certification will require satisfactory completion of a written exam or series of exams covering subjects such as statistics, mathematics, finance, etc., as well as knowledge of the financial instruments and markets. Additional requirements will include an ethics standard, adherence to a standard of conduct, and professional experience.
The requirements for the certification are still in development, and the financial , business, and academic communities are encouraged to provide comments and suggestions for the content, requirements and format of the certification process.
To obtain information, email main@iafe.org.
http://www.iafe.org
The International Association of Financial Engineers is planning for a certification in financial engineering. This is a reflection of the increasing complexity of todays financial markets, and signifies the coming of age of the financial engineering professional. The growing demands and needs of corporations, public funds, and individual and institutional investors have caused rapid innovation in the financial markets. Todays sophisticated financial markets have spurred the demand for financial professionals with a complex and unique skills set.
Quantitative and analytical methods and techniques have become critical to understanding todays financial instruments. The risks and complexities of the financial markets, and the business environment in general, have mandated knowledge of tools traditionally associated with the natural science and engineering disciplines. All the while, traditional disciplines, such as accounting and economics, continue to play an important part in business decisions and market innovation. As a result, a newly formed discipline is evolving that requires a composite mix of skills from historically distinct disciplines.
Like other certified professionals, employers need to be able to confidently assess the qualifications of financial engineers, who play a growing role in fields, such as risk management, structuring, etc. The certification addresses this need.
Preliminary plans anticipate several components to the certification. In addition to educational requirements from accredited institutions, the certification will require satisfactory completion of a written exam or series of exams covering subjects such as statistics, mathematics, finance, etc., as well as knowledge of the financial instruments and markets. Additional requirements will include an ethics standard, adherence to a standard of conduct, and professional experience.
The requirements for the certification are still in development, and the financial , business, and academic communities are encouraged to provide comments and suggestions for the content, requirements and format of the certification process.
To obtain information, email main@iafe.org.
http://www.iafe.org