Introduction Monte Carlo simulations are currently the most common used techniques to estimate the risks that a Bank or firm might be facing at a given time. A Monte Carlo simulation is no more than a series of predictions for possible future events. Once the simulation has run, (virtually) millions of its results will produce […]
Model Risk
ModelRisk: FREE Risk Modelling within Microsoft Excel
ModelRisk is a Monte Carlo simulation FREE Excel add-in that allows the user to include uncertainty in their spreadsheet models. ModelRisk has been the innovation leader in the marketplace since 2009, being the first to introduce many technical Monte Carlo method features that make risk models easier to build, easier to audit and test, and […]
What do 101 real-life Quant Trading Signals look like?
Paper “101 Formulaic Alphas” https://ssrn.com/abstract=2701346 (freely downloadable PDF) gives explicit formulas – which are also computer source code – for 101 real-life quantitative trading signals (alphas). 26,000+ downloads.
Market and Model Risk Management in Excel for free
Market Risk Management is a complex field that demands, among other things, three fundamental aspects: Access to market data – both real-time and historical; A good understanding of the applicable valuation models and, above all; Available implementations of at least a few of these models. In addition, these models must be implemented in a user […]
What Competencies should Risk Managers in Non-Financial Companies really have?
Risk management competencies can significantly improve decision making in any profession. The bad news is that these competencies do not come to us naturally. They have to be developed. Risk managers who actively develop them have a significant competitive advantage to other risk professionals. I have tried to summarize some of the key competencies risk […]
FREE COURSE: Financial Engineering and Risk Management Part I
Created by Columbia University, this course ranges concepts from finance, economics, mathematics, statistics, engineering and computational methods. The main focus if the course is on financial engineering and risk management, where the use of simple stochastic models to price derivative securities in various asset classes including equities, fixed income, credit and mortgage-backed securities is also […]
FREE COURSE: Introduction to Programming with MATLAB
Today we share another Coursera free course this time focusing on programming with MATLAB. For those unfamiliar, MATLAB is a high-performance language for technical computing. It integrates computation, visualization, and programming in an easy-to-use environment (high level) where problems and solutions are expressed in familiar mathematical notation. Typical uses include math and computation, modelling, scientific and engineering, data […]
FREE COURSE: Mastering Data Analysis in Excel
This is a free course delivered by Coursera, which is an education platform that partners with top universities and organisations worldwide, offering online courses online for anyone interested. Risk Managers frequently need to work with Excel and some of its advanced tools. This free course will prepare you to design and implement realistic predictive models based on data. […]