“There is a dramatic increase in the need for experts in risk management and compliance. This program will produce the specialized talent that the finance industry demands.”
- Richard Nesbitt, CEO of Global Risk Institute for Financial Services and former Chief Operating Officer of CIBC
The Master of Financial Risk Management (MFRM) is an 8-month program that will prepare you to work in these areas.
During the program you will gain a better understanding of the different types of risk, the regulatory environment and how different financial institutions manage uncertainty. You will consider the ways risk is measured and managed, looking at systems and models currently used within the financial sector.
Top Business School in Canada’s financial capital
The Rotman School of Management at the University of Toronto is ranked the #1 Business School in Canada, and #7 in the world for finance by the Financial Times, 2017. Our campus is based in downtown Toronto, the financial capital of Canada, and the third largest in North America after New York and Chicago. Toronto is consistently rated as one of the most liveable and culturally diverse cities in the world.
Learn from the best
You will be taught during this program by academics who are leader in the field: the finance faculty at Rotman School of Management are consistently ranked in the top 10 in the world by the Financial Times. They include both seasoned industry professionals and prominent academics such as John Hull, Peter Christoffersen and Alan White.
Our close ties with the finance sector help us to facilitate on-campus speaker and networking events with highly-regarded industry professionals, giving students the chance to hear about current topics and issues.
In addition, the MFRM Advisory Board consists of leading finance and risk management professionals who help to shape the program and help to facilitate networking and employment opportunities for students.
You will also have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program. You will work on a real risk issue that is relevant and of interest to financial institutions. During the two-month project you will be taken out of the classroom and into industry, working in-house with practicing risk management professionals.
Students have undertaken projects with organizations such as:
- Bank of Canada
- Bank of Montreal
- Canada Pension Plan Investment Board (CPPIB)
- National Bank
- Razor Risk
- Royal Bank of Canada
The BMO Financial Group Finance Research and Trading Lab allows you to gain access to live data feeds, take part in simulations, manage your own portfolio, experiment with different trading strategies, and test your risk management ideas.
The Lab consists of over 70 dual flat panel stations equipped with Factset, S&P Capital IQ, and real-time data feeds, six Bloomberg terminals, two media/data walls and an integrated sound system.
The program consists of 10 taught courses, with the Risk Management Project taking place at the midway point.
- Market Risk
- Financial Markets, Risk and Institutions
- Regulation of Financial Institutions
- Operational Risk
- Probabilistic Modeling for Risk-Informed Decisions
- Integrated Risk Management project
- Credit Risk
- Macroeconomics for Financial Risk Management Professionals
- Derivative Models for Risk Management
- Advanced Investments
- Risk Management for Pension Funds and Insurance Companies
In addition to the standard eligibility requirements applicants must demonstrate must demonstrate English language proficiency in one of the following ways:
a) An undergraduate or graduate degree from a university at which the language of instruction and examination was English
b) Satisfactory performance on a standardized English Language Test. Minimum TOEFL score of 100 is required. IELTS may be considered in special circumstances and a minimum score of 7.0 will be required.
If you have studied at an English-language university outside of Canada, official confirmation of English as the language of instruction and examination from your university will be required.