AIFMRM is a postgraduate institute in the Faculty of Commerce at the University of Cape Town that conducts research and delivers postgraduate education and training in financial markets, risk management and quantitative finance. It was launched in January 2014 and is funded by corporate partners in the banking and insurance sector.

The institute aims to:

  • Build capacity and deepen the skills and capabilities of the risk management workforce in Africa;
  • Diversify the body of financial risk managers in Africa and open the fields of quantitative finance and risk management of financial markets to people from a range of backgrounds, but especially the historically disadvantaged;
  • Drive research, discussion and enquiry in the African financial sector;
  • Provide new perspectives on the maintenance, monitoring and resilience of the financial system;
  • Promote scholarship and create the next generation of African academics dedicated to rigorous financial and risk management research;
  • Conduct industry-specific research through its research unit, the African Collaboration for Quantitative Finance and Risk Research (ACQuFRR) to advance the theory and application of modern quantitative, statistical and mathematical techniques to the modelling and risk management of financial products and markets;
  • Design and deliver top-rated education programmes that are relevant, intensive and effective;
  • Provide a qualitative and quantitative understanding of risk management methodologies, governance structures for the management of risk and regulatory principles governing banking, and insurance supervision.

Mission

To become an academic confluence for African financial market and risk management postgraduate training. In keeping with UCT’s “Afropolitan” focus, the Institute explicitly relates finance studies in Africa to those in the rest of the world. The Institute is committed to increasing the extent and depth of financial services expertise and addressing the skills shortage in the African banking, insurance and financial services industry.

Partnerships and collaborations

The Institute has a partnership with Georgia State University’s Department of Risk Management and Insurance and their Center for the Economic Analysis of Risk (CEAR), and collaborates with the following institutions:

  • University College London
  • University of Technology, Sydney
  • ETH Zürich
  • Université d’Évry-Val-d’Essonne
  • Deutsche Bundesbank
  • Economic Research Southern Africa (ERSA)
  • Southern African Finance Association (SAFA)
  • South African Reserve Bank
  • National Treasury