Resources for Faculty & Universities
The academic risk management community is known for staying abreast of the latest trends and best practices in financial risk management. GARP recognizes that the academic community also has additional needs such as, the desire to research and the need for a platform to support and share their findings. The GARP Research Center provides numerous opportunities for faculty members and universities.
Help Build Programs in Financial Risk Management
Financial risk management is gaining recognition among the financial world and universities are beginning to build or expand their financial risk management curriculum. GARP has the experience, access and perspective to help build and provide input for your university’s financial risk management programs.
GARP Risk Management Research Program
For the past two years we have awarded grants for research in risk management. In 2008 we received and reviewed 38 high-quality proposals from researchers in 14 countries, representing 48 universities, companies and government agencies.Award winners include researchers from Carnegie Mellon University, McGill University, London Business School, University of Amsterdam, University of Pennsylvania and University of Chicago.
Click here for the 2008 Research Grant Abstracts
Click here for the 2007 Research Grant Abstracts
Other Research Awards Sponsored by GARP
We are pleased to announce the GARP Risk Management Research Award which will be announced at the annual meetings of European Financial Management Association (EFMA) every year to an outstanding paper in the field of financial risk management. The GARP Risk Management Research Award will recognize the paper that has the most potential to advance our understanding of financial risk management. The best paper will present innovative approaches for solving complex risk-related problems in financial markets as well as opening new areas of inquiry about fundamental risk-related issues. The winner(s) of the GARP Risk Management Research Award will be selected by the GARP Award Review Committee and will share the US $2,500 cash prize.
We invite all papers from the broad field of risk management including but not limited to the following areas:
- Market risk
- Credit risk
- Interest rate risk
- Capital adequacy
- Operational risk
- Enterprise risk
- Regulatory and compliance issues
- Valuation and pricing methods for financial products
- Modeling risk factors
- Other topics related to financial risk management
Awarded authors will be invited to publish the basic findings of their work in the bi-monthly GARP Risk Review and to present their paper at a GARP event or chapter meeting. The awarded papers will also appear in the SSRN Financial Economics Network (FEN), GARP Risk Management Abstracts and GARP’s Research Paper Series. Award winners will retain the property rights over the papers.
GARP Award Review Committee
Prof. George Constantinides, Graduate School of Business, University of Chicago
Dr. Chris Donohue, Research Center, Global Association of Risk Professionals
Dr. Rudi De Koker, Risk Analytics, the Royal Bank of Scotland
Prof. Salih Neftci, Global Finance Program, the New School, New York
Prof. Anthony Saunders, Stern School of Business, New York University
Application Procedure and Deadlines
The deadline has passed.
FMA - Best Dissertation Proposal in Financial Risk Management
We are also pleased to announce our support of the Best Dissertation Proposal in Financial Risk Management at the 2008 Financial Management Association (FMA) meeting.
The Best Dissertation Proposal in Financial Risk Management should offer unique approaches and insights into significant risk management problems, be of particular relevance to current financial risk management issues and needs globally, and seek to connect theory with practice.
Topics of particular interest include:
- Risk management in emerging markets
- Energy risk management
- Enterprise risk management
- Credit portfolio risk optimization
- Solvency and risk management for financial institutions, including life and casualty insurers, pension plans
- Liquidity risk management
- Empirical pricing models in thinly traded markets
- Modeling credit, market and enterprise-wide risks
- Computational algorithms for pricing and hedging of financial risks
The award to the winner is $3,000.
In addition to the award, GARP will help the award winner connect with practitioners to obtain relevant information or data, if such help is needed.
Upon completion, the author will be invited to present paper related to this dissertation at a GARP workshop, convention or chapter meeting, or to summarize the dissertation for publication at the GARP Risk Review. Travel and lodging expenses associated with presenting results at a GARP event will be reimbursed for the author. The winning author will be invited to include papers related to the dissertation in a GARP research paper series.
The winning author will retain the property rights over the dissertation and all working papers, studies, and publications directly based on the dissertation. All publications (the dissertation itself as well as working papers and published articles that are a direct outcome of the dissertation) must acknowledge in an introductory footnote the receipt of this award as well as any support received in addition to the award.
Application Procedure
The deadline has passed.
University Visits
GARP Research members visit schools and universities to introduce students and faculty to the risk management profession and the resources available from GARP. Schools visited in the 2007-2008 academic year include:
- Rutgers University
- City University, Hong Kong
- Chinese University of Hong Kong
- The New School Global Finance Program
- Columbia University, Graduate School of Business
- NYU Stern School of Business
- University of North Carolina Chapel Hill, Kenan-Flagler School of Business North Carolina State University, College of Management
- DePaul University Kellstadt Graduate School of Business, Finance Department
- University of Ilinois at Chicago, Finance Department
- Loyola University, Graduate School of Business
- Hofstra University, Finance Department
- Harvard Business School
- MIT Sloan School of Management
- Brandeis University
- The Wharton School
- University of Pennsylvania
- Temple University
- Kansas University
- University Nebraska – Lincoln
- University of Michigan
If you would like us to visit your school, please contact Chris Donohue, Ph.D. at chris.donohue@garp.com
Guest Speaking Opportunities
GARP offers many guest speaking opportunities to members of the academic community, from smaller groups at our Regional Chapter Meetings to large audiences at our annual Conventions.
GARP Digital Library®
The GARP Digital Library (www.garpdigitallibrary.org) is the largest online library dedicated to financial risk management. The library provides access to the leading finance, investments, and risk management materials. Our unique iReadings allow chapters from the bestselling finance books to be purchased individually. This gives professors in finance the unique ability to create course packs for their students using only the most essential materials thus saving students time and money.
Sabbatical Opportunities
GARP offers various opportunities for faculty members interested in risk research. All openings are at our Jersey City, New Jersey office.
Contributions to GARP Risk Review
The GARP Risk Review is a leading risk management publication delivered bi-monthly to close to 20,000 risk management professionals. The magazine is built around articles contributed by members of the academic and practicing financial risk management community and provides an excellent platform to present new research.
