International Finance

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Postgraduate study programme

“International Finance”

Degree Master degree in International Finance

Languages

English

Study forms

Full time evening

Study days

Monday, Tuesday, Wednesday, Thursday: 6 pm till 9.10 pm

Length of studies

1,5 years (professional higher education

related to the chosen field)

2 years (academic higher education related to the chosen field)

Fee

Fee per year 3000 EUR*

*10% discount

for the employees of JSC “Swedbank”, JSC

“Rietumu Banka”, JSC “SEB Banka”, JSC “PrivatBank”, “LF

Eksperts” Ltd

Additional 10% discount for the first study year for the RISEBA

graduates

Why RISEBA, why International Finance?

= internationally recognised academic staff members and branch professionals from all over

the world

= dual degree opportunities with the Kedge Business School – possibility to spend one

semester in France

= full accreditation

= international study environment, cross-cultural experience

= studies in English

= individual approach

= modern teaching and active learning methods

= possibility to combine work with studies

= possibility to participate in international projects and conferences

= new opportunities, extensive networks and good return on investment

= wide offer of guest lectures in the fields on International Marketing, International

Entrepreneurship, etc.

Our graduates are employed in the leading positions in Latvia and abroad: Rietumu Banka,

SEB Shared Service Center, Citadele bank, PrivatBank, Adidas, Olainfarm, Rimi, etc. The

programme provides knowledge on finance and banking, as well as the nowadays’ changing

environment of economy and business.

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Ma

ster degree in International Finance – 60 Credit Points (CP)

(previous education in the field of Economics and Management)

Nr. Study courses CP Semester Faculty member

STUDY YEAR 2015/2016

1 Induction 1 A.Smagina/A.Kalvina/I.Ludviga/P.N aidenko/I.Brence

2 Financial Accounting 2 1 Ilze Palmbaha 3 Quantitative Methods in

Economics and Finance I 1 1 Ali Ait Si Mhamed 4 Macroeconomic

Environment 3 1 Aleksandrs Fedotovs 5 Corporate Finance 4 1 Andrejs Čirjevskis 6 Investments 3 1 Andrejs Limanskis 7 International Business Law 2 1 Andrew Gareleck

8 International Banking and

Financial Market 2 1 John Joseph Burke, Ilmārs Kreituss 9 Information Technologies

and Risks 1 1 Tatjana Vasiļjeva 10 Organisational Development and Sustainability 2 1 Jūlija Bulatova 11 International Project

Management 2 1 Ivars Ruņģis 12 International Financial

Regulation and Taxation 2 2 Kārlis Ketners 13 International Financial

Reporting Standards 2 2 Kaspars Rutkis, Armine Movsisjana

14 Quantitative Methods in

Economics and Finance II 2 2 Ali Ait Si Mhamed

15 Research Methods in

Business 2 2 Polina Naidenko 16 Portfolio Management and

Analysis 2 2 Ingus Grasis

17 Financial Market Analysis

and Information Efficiency 2 2 Jānis Rozenfelds

18 Internship 6

STUDY YEAR 2016/2017 19 Master's Thesis 20 2

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Ma

ster degree in International Finance – 80 Credit Points (CP)

(previous education not in the field of Economics and Management)

Additional possibilities to study the introductory module on the following disciplines:

•Economics (2 CP)

•Accounting and Finance (2 CP)

•Quantitative Methods (2 CP)

•Fundamentals of Management and Strategy (2 CP)

•Essentials of Marketing (2 CP)

Nr. Study courses CP Semester Faculty member

1 Induction 1 A.Smagina/A.Kalvina/I.Ludviga/P.N aidenko/I.Brence

2 Financial Accounting 2 1 Ilze Palmbaha 3 Quantitative Methods in

Economics and Finance I 1 1 Ali Ait Si Mhamed 4 Macroeconomic

Environment 3 1 Aleksandrs Fedotovs 5 Corporate Finance 4 1 Andrejs Čirjevskis 6 Investments 3 1 Andrejs Limanskis 7 International Business Law 2 1 Andrew Gareleck

8 International Banking and

Financial Market 2 1 John Joseph Burke, Ilmārs Kreituss 9 Information Technologies

and Risks 1 1 Tatjana Vasiļjeva 10 Organisational Development and Sustainability 2 1 Jūlija Bulatova 11 International Project

Management 2 1 Ivars Ruņģis 12 International Financial

Regulation and Taxation 2 2 Kārlis Ketners 13 International Financial

Reporting Standards 2 2 Kaspars Rutkis, Armine Movsisjana

14 Quantitative Methods in

Economics and Finance II 2 2 Ali Ait Si Mhamed

15 Research Methods in

Business 2 2 Polina Naidenko 16 Portfolio Management and

Analysis 2 2 Ingus Grasis

17 Financial Market Analysis

and Information Efficiency 2 2 Jānis Rozenfelds

18 Internship 6

19 Internship 20 2

19 Master's Thesis 20 3

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REFERENCES:

Jūlija Zarembo,

Customer Service Officer at JSC "Citadele bank"

RISEBA’s Master in International Finance is a truly innovative and very useful programme! It

is an ideal choice for those professionals who are willing to develop their career and deepen

knowledge in the area of international finance. During my years of study I have gained

considerable experience in analysing portfolio management operations and financial

statements, working on financial project, developing macroeconomic reports, etc. This

programme is perfectly in line with the most up-to-date knowledge of international finance!

Sņežana Daļecka,

Deputy Chief Accountant at JSC "PrivatBank"

The programme „International Finance” will fully equip you with the analytical skills

required to make good financial and investments decisions, enhance your core competencies

and provide you with a solid foundation for your future career prospects in Latvia and abroad.

Up-to-date information, a lot of practical training, highly qualified local and international

academics delivering exciting and interactive lectures and workshops – you will see all this

and much more once you join International Finance programme. I was overwhelmingly

surprised by the professors’ attitude towards the students – we all were treated as colleagues!

My expectations for this Master programme were rather high and so far they have been met

and even exceeded! Studying at RISEBA University will build your confidence about

yourself and your future!

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LEADING FACULTY MEMBERS:

ALI AIT SI MHAMED

Teaches: Research Methods in Economics and Finance

Education:

PhD from the State University of New York (SUNY), USA

Professional experience:

Dr. Ali Ait Si Mhamed has an extensive teaching experience internationally (USA, Morocco, etc.). Moreover, he is a World Bank Consultant on issues of finance of higher education. He has examined financial aid systems in Latvian higher education. Dr. Ali Ait Si Mhamed was a Fulbright Scholar from the USA to Latvia in 2011-2012.

Dr. Ali Ait Si Mhamed has presented in many international conferences, has conducted many seminars in finance, distance learning, and many other related university education topics. He has served in many committees and boards to help develop courses, assessment tools in class and university partnership programs.

ANDREW GARELECK

Founding member of LexTech Associates (Lyon, France and Buffalo, New York) Member of the New York State Bar

Teaches: International Business Law

Education: Juris Doctor, Vermont Law School, South Royalton, Vermont; Master in Law - Université de Paris I - Panthéon Sorbonne, Paris, France; Bachelor of Arts with concentration in Political Science- University of Michigan, Ann Arbor, Michigan

Mr. Andrew Gareleck is a native of the New York State. He has much experience assisting corporations and individuals in the areas of U.S. corporate, commercial, and immigration law. Prior to joining LexTech Associates, Mr. Gareleck worked in New York City for a prominent mid-town Manhattan law firm and in Lyon, France, for a law firm directed by a member of European Parliament. He subsequently spent three years, from 1996-99, leading the U.S. Desk of Ernst & Young's French law practice.

Mr. Gareleck regularly advises clients on business development and strategies for entering the U.S. market. He has assisted clients with the creation of corporations and limited liability companies (LLC) including foreign-owned subsidiaries and joint venture companies. Business entities formed by Mr. Gareleck can be found throughout the United States, Europe, and Asia. Mr. Gareleck also has extensive experience negotiating and drafting of various types of contracts including license, distribution, merger, and cession agreements. Among his clients are the Presidents, Senior Managers, and employees of some of the world's largest multinational corporations. His expertise was the subject of a French national newspaper article that appeared in the Le Figaro on September 22, 1997, entitled "Etats-Unis: l'école de la motivation". He also worked for the Office of Special Investigations of the United States Department of Justice, the office responsible for investigating and prosecuting persons who entered the United States in violation of U.S. immigration laws.

Mr. Gareleck is active in educational field and his teaching experience includes universities in France, Germany, UK, etc.

ALEKSANDRS FEDOTOVS

Teaches: Macroeconomic Environment

Education:

Dr.oec., Doctor of Economic Sciences (Moscow, 1990)Candidate of Economic Sciences (Riga, 1982) Economist Engineer (Riga, 1977)

36 years of teaching economics at various universities in Riga

At present: Professor of Riga International School of Economics and Business Administration (RISEBA)

2000 – 2009: Associate Professor of BA School of Business and Finance (Riga) 1991 – 1999: Professor of Riga Aviation University

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1977 – 1991: Senior Lecturer and Associate Professor of Riga Technical University Full member (academician) of Baltic Informatization Academy (1996); member of Latvian Economic Association (2009) and Latvian Professors’ Association (2012)

ANDREJS CIRJEVSKIS

Teaches: Corporate Finance; International Financial Management

Education: Prof; Dr.oec

Doctor of Economic Science - Riga Technical University, degree of Candidate of Economic Science of Russian Federation

Master in International Management, Degree of Chamber of Commerce and Industry in Paris (HEC/ESCP)

Diploma of Economist with Knowledge of Foreign Languages (English, French) of Russian Academy for Foreign Trade

Diploma of Engineer-Economist of Moscow Institute of Food Staff Industry Training for Teaching Staff in Aston Business School, Birmingham, UK (2008) Salford University, Manchester, UK (2007)

Bled School of Management, Slovenia (2003, 2004, 2005 and 2010)

Full Professor of RISEBA, business consultant and trainer

He has consulted public and private sector of organizations and he led more than 10 years executive finance functions within Latvian and International companies. He is now Board Member of SIA Sinergija, Management Consultants.

Andrej’s expertise lies in corporate strategy development and implementation, corporate financial management, business valuation and project management. He worked as a trainer of Strategic Management Training of Latvian Business School, ANS Training Centre, Rigas Menedžeru Skola, as a trainer of Financial Management Training of GrossBuh Invest and Latvikon (AFW, PMI). He is now a trainer of Project Management program of AFW Academy of Bad Harzbug, Germany, he posses Project Management Professional (PMP) certificate in good standing and he is a trainer of PMP Prep course of PMI, USA.

He started his teaching career as a lector of Strategic Management program of RISEBA in 1994. His international teaching experience spans lecturing in Ecole Superieur du Commerce Exterieur (ESCE) Paris; Ecole de management, Lyon (ESDES); Normandy School of Management Kaen, France; University of Applied Science in Mainz, Germany; Estonian Business School, MBA programme in Tallinn and INHOLLAND University, Rotterdam. He lectures Strategic Management; Managing for Financial Value Creation; Finance and Financial Management disciplines in RISEBA on MBA program of Salford Business School (UK) since 2004.

ANDREJS LIMANSKIS Teaches: Investments

Education:

Dr.oec., Asoc.prof. Moscow State University CEEMAN

Salford University

Andrejs Limanskis worked as an assistant professor in Latvia and associate professor in Eritrea. He undertook further study in Moscow State University, CEEMAN, Bled and Salford University (UK). His research interests include valuable securities, banks and other financial institutions, corporate financing and competitive recovery issues. Tutor of Bachelor, Master and Doctor dissertations.

ILMARS KREITUSS

RISEBA Vice Rector of Teaching and Learning, Associate Professor

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Education:

Dr.chem.

University of Latvia Moscow State University University of Notre Dame Chartered Institute of Bankers

Ilmars Kreituss graduated from the University of Latvia and earned a doctorate degree in physical chemistry.

Ilmars Kreituss worked as associated professor at the University of Latvia and enhanced his knowledge working at the Notre Dame University in the United States. Later he turned to banking and financial sphere. He holds a professional banker’s certificate from The Chartered Institute of Bankers in London. After 15 years of working in the executive position in banking and finances, Ilmars Kreituss returned to the field of education. He started working at BA School of Business and Finance and at RISEBA in 2010.

POLINA NAIDENKO Teaches:

Research Methods in Business

Education: 

Professional Master’s Degree  RISEBA (Riga International School of Economics and Business Administration), Latvia

Professional experience: 

2012 - currently: Head of RISEBA External Relations Department 

1999 – currently: RISEBA lecturer (Presentation Skills, Marketing, Marketing Communications, Marketing Research, Research Methods in Business)

ILZE PALMBAHA Teaches:

International Financial Reporting Standards International Finance

Education:

RISEBA, Professional Master’s degree in Business Management

University of Latvia, Bachelor’s degree of Social Sciences in Management

University of Latvia, Faculty of Economics and Management, Specialist in accounting control

2015 – currently: Senior Expert of Methodology and Accounting Policy Unit, Ministry of Finance of the Republic of Latvia

2004 – currently: Board member and the partner of “LF Eksperts” (accounting and tax advisory services).

2012 – 2014: Chairwoman of the Board, Latvian Accounting Outsourcing Association 1996 – 2004: Chief accountant at “GRK” Ltd,

1994 – 1996: Chief accountant at “Quercus” Ltd

Member of the Accountants Club (United Kingdom), Latvian Accounting Outsourcing Association, , Latvian Tax Consultant Association, British Chamber of Commerce in Latvia, Latvian Tax Payers’ Rights Association, , Latvian Chamber of Commerce and Industry and Accountants' Association of the Republic of Latvia, Association of Accountants of the Republic of Latvia (Associate of IFAC, FEE).

JANIS ROZENFELDS Teaches:

Financial Market Analysis and Information Efficiency

Education:

MBA, Rutgers University, Newark, New Jersey, USA – 2000

Bachelor of Science in Economics, Saint Peter's College, Jersey City, New Jersey, USA – 1995 Jānis Rozenfelds is an experienced investment management professional responsible for more than EUR 800 million in assets under management at SEB Wealth Management, Latvia – one of the

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leading asset management companies in the country. Jānis manages a number of diverse mandates including pension funds, institutional portfolios and a money market mutual fund.

Prior to joining SEB in 2003 Jānis has held several positions at Deutsche Bank’s US oprations, Sprucegrove Investment Management Ltd. of Toronto, Canada and Bank of Latvia – the country’s Central Bank. Jānis’ broad experience as well as his international academic background enable him to share a valuable mix of theoretical and practical knowledge about global financial markets.

Chief Investment Officer, Member of Management Board SEB Wealth Management, Latvia

TATJANA VASILJEVA Teaches:

Information Technology / Systems Information Technology and Risks in Finances, E-Commerce

Education:

Dr.oec.

University of Latvia

Leningrad Institute of Finance and Economics

Association Commercial Banks of Latvia and Institute of Financial Services

Tatjana Vasiļjeva earned a doctorate degree in the field of application of mathematical calculation methods in economics; worked for State Plan Research Institute.

She’s been working as an IT executive in leading Latvian banks since 1991. She holds a “Latvian Bank Specialist Diploma” issued by Association Commercial Banks of Latvia and Institute of Financial Services (UK); a “Quality Systems Manager” diploma issued by Latvian Society for Quality. She began working for RISEBA in October 2011.

T. Vasiljeva was chosen as an alternate member from Latvia of European Commission’s Information and Communications Technology Standardization platform. An individual member of the Latvian Information and Communications Technology Association (LIKTA).

IVARS RUNGIS Teaches:

International Project Management

Education:

Master’s Degree in Project Management (Kyiv National University of Construction and Architecture, Ukraine).

Bachelor’s Degree in Organizational Psychology (Riga Teacher Training and Educational Management Academy).

Diploma of 1st Level Higher Professional Education in Banking (BA School of Business and Finance)

Certified Project Director (IPMA Levels A, B, C and D). Has consulted and taught courses in the field of lean management and project management at the Centre of Commercial Education Ltd. (SIA Komercizglītības centrs). Has worked as the Head of Process and Project Management Department at Citadele banka JSC. Prior to this, was responsible for managing projects on constructing transportation infrastructure as the Director of IT and Project Management Department at Riga Municipality. For 14 years has been involved in finance management, last 9 years - in IT projects management both at the organizational and international levels. Has successfully worked as Group Projects and Programs Manager at Hansabanka JSC.

COB of Latvian National Project Management Association; Member of International Project Management Association