Self Paced

AI for Risk Management in BFSI: Navigating the Future of Finance

Future-Proof Your Finance Career with AI-Driven Risk Management Solutions

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MODE
Online/ e-LMS
TYPE
Self Paced
LEVEL
Moderate
DURATION
12 Weeks

About

This course offers a blend of intensive learning and practical application, spanning from foundational AI concepts to complex regulatory compliance and ethical considerations.

Aim

This course aims to equip participants with a deep understanding of how artificial intelligence (AI) revolutionizes risk management within the banking, financial services, and insurance (BFSI) sectors. It focuses on both theoretical knowledge and practical insights to manage and leverage AI technologies effectively.

Program Objectives

  • To provide foundational knowledge of AI and its impact on risk management in BFSI.
  • To explore AI applications in mitigating various types of risks including credit, market, and operational risks.
  • To develop practical skills in deploying AI tools and technologies through hands-on workshops, case studies, and project work.
  • To understand the regulatory and ethical considerations of deploying AI in financial services.

Program Structure

MODULE 1 : Introduction to AI in BFSI

  • Overview of AI Technology: Understanding the basics of AI, including machine learning, deep learning, and natural language processing (NLP).
  • Impact of AI on BFSI: Exploring how AI is transforming risk management, customer service, and operational efficiency within the financial sectors.
  • Case Studies and Applications: Examination of real-world applications of AI in major banks and insurance companies.

MODULE 2 : Types of Risks in BFSI and AI Applications

  • Identifying and Categorizing Risks: Detailed analysis of credit, market, operational, liquidity, and compliance risks.
  • AI in Risk Assessment and Management: How AI tools are used to assess and mitigate risks.
  • Integrating AI into Risk Management Strategies: Insights into AI-driven tools for risk identification and real-world examples of AI in action.

MODULE 3 : Foundations of Machine Learning and Data Analytics

  • Machine Learning Models: Introduction to supervised and unsupervised learning models and their applications in BFSI.
  • Data Analytics in Risk Assessment: Techniques for data collection, preprocessing, and visualization in risk management.
  • Practical Exercises: Hands-on exercises using Python and data analytics libraries to analyze real-world BFSI data.

MODULE 4 : Advanced AI Applications in Risk Management

  • Deep Learning and NLP: Using advanced AI technologies for risk assessment and managing unstructured financial data.
  • Systemic Risk and Predictive Analytics: Techniques for identifying and predicting systemic risks using AI.
  • Interactive Workshops: Building AI models and using tools like TensorFlow and PyTorch for practical applications in fraud detection and credit scoring.

MODULE 5 : Regulatory Compliance and Ethical AI

  • AI and Regulatory Frameworks: Understanding how AI fits within GDPR, CCPA, and other regulatory standards.
  • Ethics and Bias in AI Models: Addressing ethical challenges and biases in AI development, with methods to ensure fairness.
  • Case Studies on AI in Compliance: Exploring AI applications in Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.

MODULE 6 : Real-World Applications and Case Studies

  • AI-Powered Risk Management Solutions: Detailed reviews of successful AI implementations in risk management across global banks and insurers.
  • Innovations in AI Strategies: Analysis of how top financial institutions are leveraging AI for better risk assessments and customer interactions.
  • Strategic Insights and Practical Examples: Bridging theoretical knowledge with practical applications through extensive case studies.

MODULE 7 : Developing AI Solutions for Risk Management

  • Building AI Projects: From ideation and feasibility studies to project management and execution tailored to AI implementations in BFSI.
  • Integrating AI Into Existing Systems: Technical and strategic considerations for effectively deploying AI solutions.
  • Capstone Project: A comprehensive project where participants apply what they’ve learned to a real-world challenge in BFSI risk manageme

Participant’s Eligibility

This course is intended for professionals and students in the BFSI sector seeking to enhance their expertise in AI-driven risk management and financial compliance.

Program Outcomes

  • Comprehensive understanding of AI technologies applicable in BFSI.
  • Ability to implement AI solutions to real-world risk management problems.
  • Enhanced capability to navigate the regulatory landscape affecting AI in BFSI.
  • Skills to lead AI projects and innovations within financial institutions.


Fee Structure

Standard Fee:           INR 10,998           USD 200

Discounted Fee:       INR 5499             USD 100

Batches

Spring
Summer

Autumn
Winter

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Certificate

Program Assessment

Certification to this program will be based on the evaluation of following assignment (s)/ examinations:

Exam Weightage
Mid Term Assignments 20 %
Final Online Exam 30 %
Project Report Submission (Includes Mandatory Paper Publication) 50 %

To study the printed/online course material, submit and clear, the mid term assignments, project work/research study (in completion of project work/research study, a final report must be submitted) and the online examination, you are allotted a 1-month period. You will be awarded a certificate, only after successful completion/ and clearance of all the aforesaid assignment(s) and examinations.

Program Deliverables

  • Access to e-LMS
  • Real Time Project for Dissertation
  • Project Guidance
  • Paper Publication Opportunity
  • Self Assessment
  • Final Examination
  • e-Certification
  • e-Marksheet

Job Opportunities

Upon completion, participants can pursue roles such as:

  • AI Risk Management Specialist
  • Data Scientist in BFSI
  • AI Strategy Consultant
  • Compliance Officer with AI expertise
  • Technology Innovation Manager in Financial Services

Enter the Hall of Fame!

Take your research to the next level!

Publication Opportunity
Potentially earn a place in our coveted Hall of Fame.

Centre of Excellence
Join the esteemed Centre of Excellence.

Networking and Learning
Network with industry leaders, access ongoing learning opportunities.

Hall of Fame
Get your groundbreaking work considered for publication in a prestigious Open Access Journal (worth ₹20,000/USD 1,000).

Achieve excellence and solidify your reputation among the elite!


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