TRAINING
Nexus Risk Management is the leading industry provider of ALM courses and Training. The world acclaimed Asset Liability Management Techniques and Practices for Insurance and Pensions course is conducted globally with the Society of Actuaries and co-sponsored by Standard and Poor's.
We also offer extensive on-site corporate training that best suits your needs.
ALM COURSES
This internationally acclaimed course continues to evolve to meet the changing needs of today's risk professional. A 5 week e-learning course covers ALM Essentials and prepares participants for the intense on-site experience. The 5 day on-site program includes the core Asset Liability Management Techniques and Practices along with a new Master Class and Seminar series.
Who Should Attend
Risk Professionals, Senior Management, Asset Managers, Pension Practitioners, Actuaries.What You Will Gain
ASSET
THE SOCIETY OF ACTUARIES
LIABILITY
NEXUS RISK MANAGEMENT
MANAGEMENT
Techniques and Practices
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Learn how to implement ALM as a strategic decision making framework to gain competitive advantage and increase value
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Ensure appropriate policies and control procedures are in place
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Practice advanced techniques for measuring risk exposure
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Learn the limitations and pitfalls of various risk metrics
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Understand risk exposure and make more effective decisions
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Formulate ALM strategies
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Structure LDI solutions
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Produce an ALM report that effectively
communicates the exposure
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Participate in a mock ALM Committee meeting
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Learn about hedging instruments and dynamic hedging techniques
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Practice advanced techniques for measuring risk exposure
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Formulate a dynamic hedging strategy to hedge equity-based guarantees
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Execute a hedge position
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Perform attribution analysis
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Quantify the cost of guarantees / embedded options
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Learn stochastic modeling techniques
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Explore diffusion processes for interest rates
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Program Monte Carlo simulations
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Program stochastic differential equations
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Build interest rate models
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Calibrate models using market data
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Apply interest rate models to calculate risk exposure
5 WEEK E-LEARNING PRE-COURSE
ALM ESSENTIALS is designed to provide a review of fundamental ALM concepts. This five week e-learning course delivers on-line lectures and practice sessions and includes valuable references and selected readings to help prepare participants for the intense Techniques and Practices that will follow.
5 DAY ON-SITE PROGRAM
TECHNIQUES AND PRACTICES provides intensive hands-on training on ALM techniques, practices and advanced applications. Participants receive content-rich course materials along with valuable utilities and templates. Two tracks are offered for 2008:
Techniques and Practices for Insurance
Techniques and Practices for Pensions
Pre-course material, assigned readings and a number of application exercises will be provided for the participant to cover outside of class time. Participants will also be trained to use several valuable utilities and templates that are yours to keep and provided as part of the course fee. Be prepared to roll up your sleeves!
MASTER CLASSES are advanced one day programs providing over seven hours of hands-on applications and case studies. Two master classes are offered concurrently for 2008:
Dynamic Hedging teaches the key elements of executing a dynamic hedging program to hedge equity-based guarantees and provides hands-on practice through case studies and application exercises.
Interest Rate Models teaches stochastic modeling techniques and diffusion processes for interest rates and provides hands-on practice to build, calibrate and use interest rate models.
ASSET LIABILITY MANAGEMENT SEMINAR The risk management landscape is changing rapidly. Greater recognition of risk exposure and more sophisticated techniques to measure and control risk are resulting in new regulation, new capital requirements, new account standards, and new Solvency II framework. Asset Management has fundamentally changed as a result. Innovative ALM strategies are being called upon to address the some of greatest challenges faced by the insurance and pension industries:
- implementation of Solvency II
- unhedged in-the-money embedded derivatives in insurance liabilities
- volatile solvency ratios and contribution rates in pension plans
- fixed income assets not available to match long liability cash flows
- interest rates at historic low
EVENTS CALENDAR
AMSTERDAM, NETHERLANDSApril 7-11, 2008HONG KONG, PRCMay 19-23, 2008
TORONTO, CANADAJune 9-13, 2008
PROGRAM INFORMATION
ON-SITE NEEDS
- Course delegates are required to bring their own personal laptop computer to be used during the course.
- The computer software should include Microsoft Excel (2000 or later; with macros enabled) and Adobe Acrobat Reader (7.0 or later), which can be downloaded at www.adobe.com.
- The computer must have a compact disc drive.
CFA INSTITUTE CREDIT
This course is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 26.5 PD credit hours as granted by the CFA Institute.
ENROLLED ACTUARY CREDIT
We anticipate that this program will be recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommend the ALM Techniques & Practices - Pension Track to satisfy 750 minutes of non-core continuing education credit and the ALM Seminar to satisfy between 300 and 435 minutes of non-core continuing education credit for Enrolled Actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries. If you would like enrolled actuary credit and want more upto- date information about current estimates, please contact the Society of Actuaries' Customer Service Center Monday through Friday, 8:00 a.m. to 5:00 p.m. CDT at 888.697.3900 or by e-mail at customerservice@soa.org.
ATTIRE
Business casual attire is appropriate for this seminar.
PAST ALM COURSES
PHOENIX, ARIZONA DECEMBER 3-7, 2007 SINGAPORE SEPTEMBER 3-7, 2007 PRAGUE, CZECH REPUBLIC APRIL 23-27, 2007 THE WORLD BANK* WASHINGTON, UNITED STATES DECEMBER 4-7, 2006 TAIPEI, TAIWAN JULY 31- AUGUST 3, 2006 NEW YORK, UNITED STATES JUNE 12-15, 2006 COPENHAGEN, DENMARK MAY 8-11, 2006 THE WORLD BANK* WASHINGTON, UNITED STATES APRIL 24-27, 2006 HONG KONG, P.R.C. NOVEMBER 8-10, 2005 BRUSSELS, BELGIUM MAY 16-19, 2005 NEW YORK, UNITED STATES APRIL 4-7, 2005 QUEBEC CITY, CANADA SEPTEMBER 26-30, 2004 TOKYO, JAPAN JULY 27-31, 2004 STANDARD AND POOR’S* NEW YORK, UNITED STATES JULY 13-14, 2004 LONDON, UNITED KINGDOM JUNE 20-24, 2004 PHOENIX, UNITED STATES DECEMBER 4-7, 2003