Course Description
ALM Techniques and Practices
ASSET LIABILITY MANAGEMENT TECHNIQUES AND PRACTICES provides intensive hands-on
training on ALM techniques, practices and advance applications. Participants receive content-rich course
materials along with valuable utilities and templates.
- Execute mock trades and implement sophisticated ALM strategies against multiple dimensions of interest rate risk
- Learn the limitations and pitfalls of various risk metrics
- Aggregate and attribute economic capital by risk type and business entity
- Understand the practice of capital calculations under QIS5
- Pricing and hedging embedded guarantees
- Embedding ALM in decision making and passing the use test
- Participate in a mock ALM Committee meeting
Who Should Attend
Asset Liability Management Techniques and Practices has both reflected and influenced industry best practices, regulatory guidance and rating agency assessment. This course is a must for anyone responsible for risk management. Past course participants have immediately put to use the tools and techniques provided, used insights gained to prepare for reviews with rating agencies and regulators and have realized real bottom line results from being able to apply ALM at a strategic level. Course participants typically include:
- Senior management looking to gain a firm grasp of the financial risks facing their organizations, make more effective business decisions and use ALM strategically, beyond risk mitigation and compliance;
- Risk professionals already well versed in the underlying theory, but who want to gain further deep insight into the tools and techniques that are used in industry practice today;
- Professionals looking to enter into the field of ALM and who are willing to invest some additional time pre-course to learn the basic concepts;
- Asset managers and investment bankers wanting to provide sound ALM solutions to their clients;
- Actuaries looking to gain a more in-depth knowledge of this key area of practice;
- Board members looking to ensure they have the requisite knowledge of risk management in order to perform their fiduciary responsibilities.
ERM Techniques and Practices
ENTERPRISE RISK MANAGEMENT TECHNIQUES AND PRACTICES is a hands-on training course taught in a classroom setting. This course is designed to provide training to both risk professionals and decision makers and help advance practice in the ERM field. ERM Techniques and Practices use the same format as the internationally acclaimed Asset Liability Management Techniques and Practices that has been conducted globally since 2003.
- Learn how to execute ERM at strategic level to run business and drive decision making
- Learn how to integrate of ERM with Strategic Planning
- Participate in a mock Risk Committee Meeting
- Practice each step of Risk Control Process as part of a Case Study Group
- Templates and hands-on experience drafting an ERM Framework and Risk Appetite Statement
- Blueprint for implementing a best practices ERM Framework
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.
Who Should Attend
Advancements over the past decade combined with the lessons learned from the recent global financial crisis have substantially increased the value that can be realized from implementing Enterprise Risk Management. Sophisticated techniques are now in widespread use for quantifying and managing financial and non-financial risks. Companies are becoming more effective at using ERM as a strategic decision making framework to run the business. Risk optimization is being used to achieve dramatic results within a risk management framework. While there still exists a wide range of practice among companies, industry best practices continue to emerge and evolve. Course participants include:
- Chief Risk Officers looking to gain further depth and able to participate in an exchange of emerging risk practices with other CROs and risk professionals
- Senior Executives looking to stay on top of latest developments in ERM and learn how to implement ERM as a strategic decision making framework
- Board Directors ultimately responsible for the risk management of the company who want to gain a more in-depth understanding of ERM
- Actuaries looking to acquire practical knowledge of ERM techniques and practices
- Chartered Enterprise Risk Analysts and other Risk Professionals already well acquainted with quantitative theory and practices wanting to stay on top of the latest techniques and practices
- Regulators and Rating Agency Analysts wanting to keep up with the latest techniques and approaches
Dyamic Hedging Program Series
DYNAMIC HEDGING ESSENTIALS is a half-day classroom training session designed to provide a review of essential dynamic hedging concepts.
- Learn industry practice regarding dynamic hedging programs
- Calculate first, second, third order Greeks and cross Greeks
- Execute delta hedge
- Learn how to implement a dynamic hedging program
- Review economic scenario generators and nested simulation
- Learn how to simulate and evaluate dynamic hedging strategies
- Quantify cost and risk distribution of GMWB
- Understanding hedge effectiveness and attribution analysis
- Perform fund mapping
- Calculate trading grid
- Produce risk report
- Execute dynamic hedging strategy
- Survey of industry practices
- Identification of challenges and issues facing industry
- Benchmarking – hedge effectiveness, grid processing speed
Who Should Attend
Dynamic Hedging Master Class Expert Edition is designed for the risk professional involved in implementing and executing dynamic hedging strategies for equity-based guarantees. This course will be valuable to anyone looking to gain greater insights into dynamic hedging. Course participants typically include:
- Risk professionals with a solid mathematical background who are responsible for dynamic hedging;
- Actuaries looking to gain a more in-depth knowledge of how to implement and execute dynamic hedging strategies;
