The interactive program will enable participants to master key analytical concepts and modeling skills based on hands-on experience with industry-leading open-source software and elevate their future careers in the financial derivatives market.
Norwell, MA and Boston, MA, and London, September 5, 2023--- Acadia, a leading industry provider of integrated risk management services for the derivatives community, has partnered with the Northeastern University D’Amore-McKim School of Business to offer a new and highly interactive, globally accessible, professional certification program*, Quantitative Derivatives Pricing and Risk Modeling.
The certification program will dive beyond basic derivatives pricing and risk concepts into advanced industry applications through real-world examples, self-guided exercises, and live facilitated sessions with D’Amore-McKim School of Business faculty, Acadia leadership, and other industry experts. Taught through a flexible 8-hour-per-week schedule over six months, the program is designed for recent graduates and professionals with basic quantitative finance, risk management, and financial modeling experience, with some knowledge of C++ and/or Python preferred though not strictly required. Upon completion of the program, participants will receive a Northeastern University digital credential that reflects the rigor of the course’s experience. The digital credential will provide individuals with a competitive advantage in the quantitative finance derivatives risk management job market – a high-potential and high demand niche in the financial services industry.
Learners will get hands on experience, working closely with and contributing to the Open Source Risk Engine (ORE), an industry-leading software toolkit used by Acadia for its hosted risk services and also locally in production at several large banks, hedge funds, and asset managers, facilitated by ORE’s founding authors at Acadia. ORE was developed as a free and open source platform for pricing and risk analytics of traded instruments, providing contemporary market and credit risk analytics that meet post-2008 heightened industry requirements.
Featured lecturers will include Scott Sobolewski and Roland Lichters, Acadia’s Co-Heads of Quantitative Services, and Felipe Cortes, D’Amore-McKim School of Business Associate Teaching Professor of Finance.
Roland Lichters said, “We’re thrilled to celebrate the power of open-source technology recent advancements within ORE through our partnership with the D’Amore-McKim School of Business. Regulatory and structural changes have fundamentally transformed the financial services industry, creating unprecedented levels of complexity in the market. We firmly believe that having freely available, standardized tools to navigate such complexity should be accessible to all, which is why open-source technology is so crucial. In crafting this course, we’ve kept the priorities of those in the quantitative finance space top of mind, offering unparalleled access to cutting edge derivatives pricing and risk technology through ORE.”
David Madigan, Provost and Senior Vice President for Academic Affairs, Northeastern University added, “We believe this program is deeply embedded in Northeastern University’s commitment to unique lifelong learning opportunities and industry collaborations. We are confident that joining together with Acadia, and its experienced leadership team, the course will benefit participants across all stages of the career spectrum by engaging them in a challenging, yet stimulating, learning experience. We look forward to welcoming the future leaders of the derivatives market, ranging from recent graduates, quantitative analysts, financial engineers, risk managers, and more.”
Enrolment began Monday, September 4 2023, while the first cohort will begin Monday, November 6. The course will be taught through a flexible 8-hour-per-week commitment over six months, featuring six 4-week modules to focus on in-depth exploration of relevant industry topics.
Further cohorts will begin on Monday, April 1, 2024, and Monday, October 7, 2024. To register, or to learn more, please visit: Quantitative Derivatives Pricing and Risk Modeling
*this is a non-degree, non-credit professional certification
Acadia is a leading industry provider of integrated risk management services for the derivatives community. Our risk, margin and collateral tools enable a holistic risk management strategy on a real-time basis within a centralized industry standard platform.
Acadia’s comprehensive suite of analytics solutions and services helps firms manage risk better, smarter, and faster, while optimizing resources across the entire trade life cycle. Through an open-access model, Acadia brings together a network of banks and other derivatives participants, along with several market infrastructures and innovative vendors.
Acadia is used by a community of over 3,000 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Dusseldorf, London, New York, Manila, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc.
ABOUT NORTHEASTERN UNIVERSITY AND THE D’AMORE-MCKIM SCHOOL OF BUSINESS
Founded in 1898, Northeastern is a global research university and the recognized leader in experiential lifelong learning. Our approach of integrating real-world experience with education, research, and innovation empowers our students, faculty, alumni, and partners to create worldwide impact.
Northeastern’s personalized, experiential undergraduate and graduate programs lead to degrees through the doctorate in 10 colleges and schools across our 13 campuses worldwide. Learning emphasizes the intersection of data, technology, and human literacies, uniquely preparing graduates for careers of the future and lives of fulfillment and accomplishment.
Our research enterprise, with an R1 Carnegie classification, is solutions oriented and spans the world. Our faculty scholars and students work in teams that cross not just disciplines, but also sectors—aligned around solving today’s highly interconnected global challenges and focused on transformative impact for humankind.
Northeastern’s D’Amore-McKim School of Business prepares people and organizations to thrive in a global business environment of rapid-fire change driven by converging digital technologies. We develop leaders and innovators who are proficient in human, data, and technological literacies; global in outlook and entrepreneurial in mindset; and invested in lifelong learning for themselves and their teams. For more information, visit our website and follow us on LinkedIn, Instagram, X, and Facebook.
Head of Marketing & Corporate Communications, Acadia
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