World-Class Education
Power Your Institution with World-Class Financial Risk Education
Financial Risk Academy is a learning and knowledge platform for financial institutions. We offer advanced training, proprietary tools, and strategic partnerships across financial risk management disciplines — from basic risk management to advanced balance sheet optimization.
What we do
Training
Master Credit, Market, and Operational Risk Management, along with Asset and Liability Management and Balance Sheet Optimization techniques. Explore our in-person and online course catalog here!
Consulting
We can assist you in building customized Financial Risk Management frameworks and models, covering Credit, Market, Operational Risk, ALM, and Balance Sheet Optimization. Share your challenges with us here!
Model Validation
Independent, rigorous model validation for U.S. banks and credit unions — covering credit, market, compliance, and operational risk models. Conducted in partnership with New Frontier Analytics, specialists in U.S. banking regulatory frameworks.
Deep BSM & BSO
Our proprietary dynamic balance sheet optimization model. Deep BSM & BSO prescribes integrated funding, hedging, and investment strategies using stochastic dynamic programming and machine learning.
Who We Are
The Financial Risk Academy
Since 2017, Financial Risk Academy has been empowering financial institutions with world-class education, consulting solutions, and proprietary tools across financial risk management disciplines — from foundational risk management to advanced balance sheet optimization.
Over the years, we have served clients across a wide range of segments — including banks, pension funds, insurance companies, industrial corporations, and regulatory agencies — delivering hands-on training and quantitative consulting solutions that bridge the gap between theory and real-world practice.
Today, Financial Risk Academy operates through two complementary branches, combining global expertise in ALM and quantitative finance with deep specialization in the American banking market.
Global Market
U.S. Market
New Frontier Analytics is our specialized partner for the U.S. market. Their expertise lies in understanding the U.S. banking sector, assisting small to medium-sized banks and credit unions in managing credit risk, market risks, compliance risk, operational risks, and technology risks.
Ashok Mishra, PhD, MBA
Founding Partner — Risk, Analytics and Technology Specialist
20+ years in Financial Services. Has worked with Global Banks, U.S. Tier 1 Banks, Community Banks, and Regulatory Agencies delivering end-to-end data-intensive projects across Risk Management, Finance, and System Development.
Our Courses
Advanced training, proprietary tools, and strategic partnerships across financial risk management disciplines — from basic risk management to advanced balance sheet optimization.
FTP and All-In Loan Pricing
Build a bank's all-in transfer price from the ground up. Most pricing models hide their assumptions — this course opens the box: the funding curve, the liquidity term structure and buffer cost, expected loss, and the capital charges for credit risk and IRRBB. Then use the full stack to manage the banking book and price incrementally on a live balance sheet.
Instructors: André Camatta & Diogo Gobira
ALM & Balance Sheet Optimization
Master the full cycle of strategic Asset-Liability Management. Learn to build a balance sheet optimization model using stochastic dynamic programming — covering contract modeling, ETLs, risk constraints, liquidity management, and capital optimization. Written by the authors of the Moorad Choudhry Global Banking Series.
Instructors: Diogo Gobira & Lucas Processi
Introduction
Credit Risk Modeling — Introduction
A comprehensive introduction to the key concepts, modeling techniques, and management challenges in credit risk — at both the transaction and portfolio levels. Topics include PD/LGD/EAD modeling, CECL, credit stress testing, loan rating systems, and portfolio-level risk analytics.
Instructors: New Frontier Analytics
Advanced
Credit Risk Modeling — Advanced
This course will provide a rigorous and practical framework for understanding, modeling, and managing credit risk across the full spectrum — from individual transaction assessment to portfolio-wide risk analytics. Developed in partnership with New Frontier Analytics, a leading model development and validation firm based in the United States.
Instructors: New Frontier Analytics
Introduction to Interest Rate Risk in the Banking Book
Part of the ALM Bootcamp — 72 lessons across 12 modules, anchored in BCBS d368 and the 2024 recalibration. A practical foundation in IRRBB measurement, supervisory standards, and the metrics regulators actually look at.
Instructors: Diogo Gobira & Lucas Processi
Worldwide community
Our students come from all over the world, representing all five continents, diverse cultures, and unique backgrounds. This global community brings a rich exchange of perspectives, making the learning experience even more dynamic and enriching. No matter where you're from, you'll be part of an international network of professionals, all united by a passion for mastering ALM and financial optimization
What People Are Saying
Trusted by banking and risk professionals from leading institutions worldwide.
I can't speak highly enough of my experience in taking Diogo and Lucas' course on ALM modelling balance sheet optimization. The course has certainly exceeded my expectations, providing me with not only a stronger understanding of the balance sheet and optimization process but a strong foundation in coding using Julia.
Shane Dolan
Senior Manager, Group Treasury - Commonwealth BankDiogo Gobira and Lucas Processi have put together a wonderful course presenting a fresh take on ALM and optimization of the balance sheet. I honestly believe the material presented in this course will eventually lead to new software in this space. By taking this course, you'll have a leg up on the rest of the job market.
Brent Ritterbeck
ALM ExpertNo doubt in saying that it is one of the best courses in ALM and Balance Sheet Optimization. The course curriculum is very structured and highly practical oriented. Given Diogo's and Lucas's rich industry experience, they provided us with real-world examples. I recommend it to everyone working in ALM, Liquidity Risk, IRRBB and Risk Analytics.
Kumar Ravi
Director - Risk Analytics at Solytics PartnersLet's be honest.. most internal bank trainings are designed to tick compliance boxes, not to build real capability. This course is different. It's hands-on, intellectually demanding, and fully aligned with the actual challenges ALM teams face. This course transformed how I approach ALM.
Mamdouh Alomari
ALM Manager - Saudi BankThe work of Gobira and Processi in the field is truly unique, as they provide an integrated and practical framework for addressing these challenges. Beyond theoretical discussions, they provide quantitative applications that can be considered state-of-the-art in both academic and market contexts. I am fascinated.
Guilherme Lamounier
Treasury ExpertOver the past 12 weeks, I had the opportunity to complete the certification "Building an ALM & Balance Sheet Optimization Model" with Financial Risk Academy — a program that goes far beyond theory, bringing real-world ALM challenges into a fully executable optimization framework. Special thanks to Lucas Processi and Diogo Gobira for designing one of the most practical and forward-looking programs in ALM and balance sheet modeling.
Juan Martin Erazo Morales
What our students are saying
The instructors at Financial Risk Academy are experts, highly academically trained, and bring a wealth of market experience in finance & quantitative risk models.
Luis A. Esteves
Chief Economist, Northeast BankExcellent videos. Great teaching.
Pedro Henrique de Mello Lula Mota
Portfolio Manager, VeriosCongratulations Diogo Gobira, as always, your courses are sensational and well-structured.
Denis Pereira
Head of Risk, Modelling and Research, FGCVery good introductory course to R!
Vitor Magalhaes Silva
Chief Advisor Market Risk, National Bank of CanadaA practical course, no beating around the bush, no hiding any information. I'm a student in the ALM course, and despite the inherent difficulty in this subject, I'm managing to keep up with the course. Highly recommend!! These guys are good.
Adilson Moraes da Costa
Owner, Logica Actuarial ConsultingA very good course. I plan to watch the classes with the codes again and try to execute in the same order. Julia programming. Definitely, the practice is the highlight.