Definition of Chartered Financial Risk Engineer (CFRE)

Chartered Financial Risk EngineerTM (CFRETM) is a professional designation in financial risk management given by the New York Institute of Finance (NYIF) to those who complete an intensive 10-month program and examination. CFRETM  offers training for candidates who want to make a career transition to risk management or who need to hone their risk management skill set. The skills developed or enhanced during the program is intended to produce competent individuals in the areas of quantitative modeling, model validation, and financial risk management.

Understanding Chartered Financial Risk Engineer (CFRE)

The New York Institute of Finance (NYIF) was founded by the New York Stock Exchange (NYSE) in 1922. The institute provides continuing education for finance professionals whose alumni network includes the legendary investor, Warren Buffett. NYIF certificates offered to successful candidates prepares them for careers in diverse fields of the financial sector like M&A, Derivatives, Fixed Income, Financial Accounting, Portfolio Management, Financial Regulation & Compliance, and Risk Management. One of the latest additions to the NYIF financial skills training program is the Chartered Financial Risk EngineerTM  (CFRETM ).

The CFRETM  qualification is geared to finance professionals with an aptitude for quantitative disciplines (mathematics, sciences, engineering, economics). Candidates are required to pass two levels of exams on fixed income, derivatives, risk management, and programming (Python, R Programming, and VBA).

Before you can enroll in the CFRETM  program, you must pass an entrance exam with a score of 70% or higher or obtain a professional certificate on Quantitative Methods for Finance given by the New York Institute of Finance.

Recognized by Global Association of Risk Professionals (GARP) for skills-based finance training, the CFRETM designation is designed to develop the practical technical and analytical skills that every financial risk manager or risk quant needs.

The CFRETM  designation is a blended program comprised of distance learning courses and a 7-day in-person residency in New York City.

Individuals awarded the CFRETM  designation enhance their career opportunities by developing 142 Desk-Ready Skills in software coding, modeling design, and financial securities analysis and risk management.

It is important to note that the CFRETM  program requires no prior experience, and contends with university graduate programs in financial risk management. When compared to the full-time university graduate programs, the CFRETM  is more cost effective. CFRETM  charter holders are deemed high caliber talent in the financial risk sector for their mastery in financial risk management.