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Deep Quant Finance

Trainer: IIT & IIM Graduate, FRM Charterholder, CQF Distinction. Highly skilled Capital Markets and Risk professional with 12+ years of experience in Regulatory Capital, Valuation and Analytics.

QUANTITATIVE FINANCEFINANCIAL ENGINEERINGDERIVATIVES PRICINGPORTFOLIO MANAGEMENTSTOCHASTIC CALCULUSRISK MODELLINGPYTHON FOR FINANCEMACHINE LEARNING IN FINANCE
Certificate on successful completion of assignments and exams.

Program Overview

This course is designed to fulfil the needs of a modern day Quant professional. It takes you through a systematic journey of financial engineering concepts starting with the famous Black scholes model all the way to using artificial intelligence for valuation and risk modelling. The foundation of the course rests on three legs: mastering the martingale and numeraire based approach to derivative pricing (with tree or monte carlo simulation), mastering the PDE journey to pricing (involving finite difference schemes), and quantitative portfolio management (using statistical models to build portfolios). The course covers these topics in a structured manner with increasing difficulty, visuals, practice problems, and building python routines from scratch. It also covers the use of Machine learning as an overlay to traditional models in finance. The hallmark of this course is a structured learning roadmap, reusable artifacts (spreadsheets and python routines), and empowerment to be an independent and complete Quant professional.

Key Highlights

Comprehensive Curriculum

Systematic journey from Black-Scholes to AI in valuation and risk modelling.

Three-Pillar Foundation

Martingale and numeraire based derivative pricing, PDE approach to pricing, and quantitative portfolio management.

Hands-On Python

Build python routines from scratch in a reusable and scalable fashion.

Machine Learning Integration

Covers the use of Machine learning as an overlay to traditional models in finance.

Practical Learning

Structured learning roadmap with visuals, practice problems, and reusable artifacts (spreadsheets, python routines).

Expert-Led

Taught by an experienced professional with extensive experience in Capital Markets and Risk.

Who Should Explore This Program?

  • Aspiring quantitative analysts, financial engineers, and data scientists in finance.
  • Professionals in risk management, portfolio management, and trading seeking to deepen their quantitative skills.
  • Individuals preparing for advanced roles in investment banks, hedge funds, and asset management firms.
  • Anyone with a strong interest in the mathematical and computational aspects of modern finance.

Detailed Curriculum

Setting up Python Infrastructure

  • Anaconda installation
  • Exploring Jupyter

Arithmetic operations

  • Basic operators
  • Using the 'math' library

Data Structure

  • Int, float, bool, string
  • Tuple, list, set, dictionary

Object Oriented Programming

  • Functions
  • Class
  • Excel + Python Lab - Create a Custom Class for Black Scholes Option Price and Greek

Numerical computing with NumPy

  • Lists vs NumPy arrays
  • Indexing
  • Vectorization
  • Linear algebra
  • Excel + Python Lab - Create a Custom Class for Multiple Linear Regression

Data Analysis with Pandas

  • The DataFrame Class
  • Data pre-processing
  • Basic Analytics
  • Basic Visualization
  • Concatenation, Joining & Merging
  • Pivot Table

Data Visualization with Matplotlib, Seaborn & Cufflinks

  • 2D plots (Scatter, line chart, column chart, bar chart, histograms)
  • 3D plots (3D scatter, Surface plots, Contour plots)
  • Financial Plots (Candle stick, Bollinger bands)

Calculus

  • Limits & Derivatives
  • Integration
  • ODEs / PDEs using SciPy
  • Excel + Python Lab - Solving the heat equation.

Numerical Integration

  • Riemann Integral
  • Trapezoidal method
  • Simpson's method
  • Gaussian Quadrature
  • Excel + Python Lab - Custom class to find CDF of normal distribution using numerical integration

Probability & Statistics with SciPy

  • Discrete distributions (Bernoulli, Binomial, Poisson, Uniform)
  • Continuous distributions (Normal, T, lognormal, Chi-squared, F)
  • Excel + PythonLab - Custom Class for numerical computation of Expectation and Variance

Univariate Financial Time Series Analysis with Statsmodels

  • Prices and Returns
  • Moments (Mean, Variance, Skewness, Kurtosis)
  • Correlation & Covariance
  • ACF, PACF
  • AR, MA, ARMA, ARIMA models
  • Stationarity & Unit root tests
  • Regression with ARMA errors
  • Cointegration
  • Seasonality
  • Excel + Python Lab - Custom class to perform Box-Jenkins methodology to fit the best model

Multivariate Financial Time Series Analysis by Statsmodels

  • VAR
  • VECM
  • Excel + Python Lab - Joint forecasting of macro-economic time series

Conditional Volatility Models

  • EWMA
  • GARCH
  • Excel + Python Lab - Custom Class for Value-at-Risk under different volatility models

Monte Carlo Methods

  • Generating Random numbers
  • Value of Pi using Monte Carlo
  • Solving an integral with Monte Carlo
  • Acceptance Rejection Method
  • Conditional Monte Carlo
  • Variance Reduction techniques (Antithetic Sampling, Control Variate)
  • Low discrepancy sequence (Halton, Sobol)

Copula Models

  • Copula definition and properties
  • Gaussian and T copula
  • Archimedean Copula
  • Excel + Python Lab - Simulating default times for a nth to default basket CDS

Stochastic process

  • Random Walk process
  • Wiener process
  • Named stochastic process (ABM, GBM, OU)
  • Conditional Expectation
  • Martingales & Markov properties
  • Ito's Lemma
  • Ito Isometry
  • Ito Integral
  • Estimation & Calibration

Change of Measure

  • Probability, Sigma Algebra, Filtration
  • Tower property
  • Radon Nikodym derivative
  • Girsanov theorem

Binomial Asset Pricing Model

  • Stock price model
  • Valuing a European Option (Replicating strategy, Delta-hedging strategy, Risk neutral expectation)
  • Value an American Option
  • Option with dividends
  • Excel and Python Lab - Custom Class for pricing an option using binomial tree model.

Jump Process

  • Jumps in Asset Dynamics
  • Exponential Levy process
  • Variance Gamma process
  • Characteristic Function
  • Fast Fourier transform for Option pricing

Finite Difference Methods for Option pricing

  • Explicit Scheme
  • Implicit Scheme
  • Crank Nicolson
  • Stability Analysis
  • Excel and Python Lab -Price first generation exotics using Finite Difference

Black Scholes

  • Fundamental theorem of Asset pricing
  • Feynman-Kac theorem
  • ES aggregation framework for IMCC
  • NMRF and stressed capital
  • Excel and Python Lab - Custom class for Exotic pricing and Greeks

Monte Carlo methods for Option pricing

  • Simulating GBM (Euler Scheme, Milstein Scheme, Explicit Scheme)
  • Pricing First generation exotics using MCS
  • Least Square Monte Carlo for Bermudan Options
  • Fast Monte Carlo Greeks (pathwise & likelihood ratio methods)

Volatility Surface

  • Historical volatility, Local volatility, Implied Volatility
  • Term Structure, Smile, Surface
  • Dupire Local volatility model
  • Stochastic volatility models (SABR, Heston)
  • Excel and Python Lab- Custom class for pricing under Heston and SABR models

Rates and Rate Instruments

  • Spot vs forward
  • Short rates vs instantaneous forward rates
  • Term structure concepts
  • Fundamental theorem of asset pricing
  • Bank account & zero-coupon bond
  • Coupon bond (fixed, floating)
  • FRAS, Swaps, CMS
  • Excel + Python Lab - valuation of Bonds, FRAs and Swaps

Term Structure Models

  • Short rate models (Vasicek, CIR)
  • No Arbitrage Models (Ho Lee, Hull-White I, Hull-White II)
  • The HJM framework
  • Market Models (BGM)

Options on rates

  • The Black-76 model
  • Caps & Floors
  • Swaptions
  • Excel + Python Lab - Calibration of swaption volatility surface

FX Instruments

  • FX forward
  • FX option
  • FX swap
  • Cross Currency Interest rate swap
  • Excel + Python Lab - Pricing of FX derivatives with volatility smile
  • Excel + Python Lab - CVA calculation for a portfolio of derivatives

Portfolio Theory & Optimization

  • Modern Portfolio Theory
  • CAPM
  • Mean Variance Optimization
  • Black Litterman
  • Excel + Python Lab - A real life portfolio optimization problem
  • Excel + Python Lab - Implementation of Pairs-trading (A statistical arbitrage trading strategy)

FX Instruments

  • Logistic Regression for predicting default
  • Support Vector Machines for anomaly detection
  • Naïve Bayes for Sentiment Classification
  • Ensemble methods (Bagging, Boosting) for LGD

Traditional Unsupervised algorithms using Scikit Learn

  • PCA based value at risk for an interest rate portfolio
  • K means clustering for volatility regime

Deep Learning with Tensorflow

  • Artificial Neural Network for Option Price
  • LSTM for stock price prediction
  • Building a Trading strategy with Reinforcement learning (OpenAl Gym)

Program Schedule & Logistics

Course Schedule

Every Sunday Live Session

6:00 PM - 8:00 PM IST

2 hours per intensive session

Register For Deep Quant Finance

Secure your spot in our upcoming batch (Batch - 2025 Cohort). Fill out the form and our team will contact you with enrollment details.

Next Batch Starting Soon!

Every Sunday Live Session

2 hours per session

6:00 PM - 8:00 PM IST

Recordings are also available for self paced learning

Interested? Let's Talk!

Fill this form to receive the brochure.

Know Your Timeline

Your Journey to Becoming a Quant Professional

A Step-by-Step Path with the Deep Quant Finance Course, designed to make you an independent and complete Quant professional.

Master Finance Basics with Python

Build a strong foundation covering Python, data analysis, numerical methods, statistics, and time series analysis (Module 1).

Dive into Stochastic Calculus

Understand stochastic processes, Ito's Calculus, and Change of Measure crucial for financial modeling (Module 2).

Specialize in Derivatives & Portfolio Management

Explore Equity Derivatives, Interest Rate & FX Derivatives, and Quantitative Portfolio Management techniques (Modules 3, 4, 5).

Apply Machine Learning & Complete the Course

Learn to use traditional ML algorithms and Deep Learning with Tensorflow in finance (Module 6). Obtain your certificate upon successful completion of assignments and exams[cite: 46].

Industry Recognized Certification

Risk Inn Logo

Certificate of Completion

This certificate is proudly presented to

Ayush Sharma

For successfully completing the courseDeep Quant Financeby Risk Inn.

CA Yash Jain

Chief Faculty

July 3, 2025

Date Issued

SAMPLE

Meet Your Mentors

Satyapriya Ojha

Satyapriya Ojha

Mentor

Satyapriya Ojha is a highly skilled Capital Markets and Risk professional with 12+ years of experience in Regulatory Capital, Valuation and Analytics

He is an IIT & IIM graduate and holds FRM charter (top quartile in all subjects of part I & part II) and a distinction from CQF institute.

He is an expert in quantitative models used in valuation and risk management.

He has worked as a consultant in several regulatory projects for some of the top banks in the US in BASEL III and FRTB space.

Currently, he serves as a product owner for a top wealth management firm engaged in quantitative portfolio management for institutional clients.

The future of risk management lies in the intelligent application of data.
Karan Aggarwal

Karan Aggarwal

Mentor, Risk Management Upskilling Award Winner

Karan Aggarwal is one of India’s leading trainers in Financial Modelling, Risk Modelling, Data Analytics, Actuarial Science.

He has spearheaded several solution accelerators and spreadsheet-based prototypes in Risk and Analytics space.

Karan has also authored a number of papers on Basel Modelling, IFRS 9 Modelling, Stress Testing & Machine Learning.

He is widely regarded for his problem solving, thought leadership and intrapreneurship skills.

His analytical mindset, solid fundamentals & the thirst to keep learning set him apart as a true authority in this field.

Karan has also been awarded the Young Indian Entrepreneur Award by the Confederation Of Indian Industries in the year 2017.

The future of risk management lies in the intelligent application of data.
Ripul Dutt

Ripul Dutt

Founder & CEO, IIT, Tulane, USA

Ripul is the Founder of Risk Innand have an Academic Background from Indian Institute of Technology (IIT) Roorkee and Tulane University, USA, with over 150 research citations.

Extensive experience in Management, Business, Research, Consulting, with a career across India, the USA, and Europe.

Passionate about Teamwork and Empowering individuals to Maximize Talents, Driving Growth and Innovation at Risk Inn.

The future of risk management lies in the intelligent application of data.