Media Releases

Inaugural Cohort of New Program in Finance and Risk Management Starts Classes at UofT’s Rotman School Management

September 9, 2016

Toronto, ON – Forty-five students in the inaugural cohort of the Master of Financial Risk Management (MFRM) program at the University of Toronto’s Rotman School of Management started their studies today.

An intensive eight-month program for recent graduates with solid quantitative skills from undergraduate university programs, the MFRM is designed to prepare students for careers in risk management and trading. The unique curriculum combines coursework, an applied project with a company in the field, workshops on leadership and communications skills as well as a speaker series featuring practitioners.

The cohort has attracted equal numbers of women and men and is composed of students from a wide range of academic backgrounds with undergraduate degrees in business, economics, engineering, actuarial science and mathematics. Another 36% of the cohort has passed the CFA Level I exam and 44% has one to three years of work experience.

The program is taught by leading researchers in risk management and finance including Prof. John Hull, Maple Financial Group Chair in Derivatives and Risk Management; and Prof. Peter Christoffersen, TSX Chair in Capital Markets; who are co-directors of the program. Additional industry veterans including Adjunct Professor Richard Nesbitt, CEO of the Global Risk Institute in Financial Services (GRI), and former COO of CIBC; Dean Tiff Macklem, former Senior Deputy Governor of the Bank of Canada; and Anthony Peccia, Executive-in-Residence, will also be involved in the program. Associate Professor, Teaching Stream, Alexandra MacKay is the academic director of the program.

The Global Risk Institute in Financial Services (GRI) has agreed to support student scholarships and co-curricular activities that enhance student’s ability to connect with practitioners and industry experts.  Founded in 2011 by the Governments of Canada and Ontario and now including 30 private sector members, GRI’s mission is to enhance risk education, training and knowledge at all levels across the financial services sector.

“Given the current state of the global financial sector, I realized that there is a high demand for professionals who understand financial risk management; and, considering that the MFRM is one of the only programs of its kind in Canada, I felt that completing this program would give me an advantage in the job market,” says Jabir Sandhu, MFRM’17, who received a GRI scholarship.

“I think the domestic and global reputation of the Rotman School speaks for itself. In addition, Rotman has a wide network of finance professionals, students and alumni, which will become invaluable in my career,” adds Carmen Quiroz, MFRM’17, who is also a GRI scholarship recipient.

Complete program information on the Master of Financial Risk Management, including how to apply, is online. An information session for prospective candidates for the program will be held in Toronto on September 21.

The Rotman School of Management is located in the heart of Canada’s commercial and cultural capital and is part of the University of Toronto, one of the world’s top 20 research universities. The Rotman School fosters a new way to think that enables our graduates to tackle today’s global business and societal challenges.  For more information, visit


For more information:

Ken McGuffin
Manager, Media Relations
Rotman School of Management
University of Toronto
Tel: 416.946.3818

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