Financial Risk Management Courses The training was great, the materials were informative and the instructor was very knowledgeable. The course covered real scenarios that were well put together and delivered. Rosyette Wilson, Societe Generale KNOWLEDGE SKILLS CONDUCT Bangkok Casablanca Chicago Doha Dubai Frankfurt Hong Kong Jakarta London New York Paris Riyadh São Paulo Singapore Stockholm Sydney Toronto Washington, DC enquiry@fitchlearning.com www.fitchlearning.com/public-courses
Financial Risk Management Courses Why choose Fitch Learning as your provider for public courses? Instructors You will learn from the instructors how to understand the subject matter and put the topics into context. All of our instructors are experienced professionals and will provide you with easily digestible content, using knowledge learned from many years in the industry Up-to-date content You will work through current, region specific case studies taken from real companies so you can apply what you are being taught as soon as you get back to the office Interactive You can practice what you learn before applying it in the workplace. All of our courses are highly interactive with no more than 16 participants. The discursive style of training helps you develop confidence in your future decisions and analysis. Why register for a public course? Public Courses: Key Facts Over 1,300 global clients Over 300 courses per year 21 cities worldwide 94% suggest a colleague to take the same course Practical, structured courses focused on specific professional development topics Suitable for individuals or small groups with specific needs Locations Amsterdam Frankfurt San Francisco Chicago Offices Public course locations Toronto London New York Casablanca Washington DC São Paulo Stockholm Paris Doha Riyadh Tokyo Dubai Hong Kong Bangkok Singapore Jakarta Sydney Enquire about our in-house training Courses tailored to meet your specific requirements and the experience of the participants Bespoke content to meet your business objectives Delivered worldwide, ideal for groups of 6+ Email enquiry@fitchlearning.com to discuss your in-house training needs. 2 For course dates, registrations and prices, visit www.fitchlearning.com/public-courses
Our Financial Risk Management Courses Whether you are new to Financial Risk Management or an advanced practitioner, we offer a range of courses that provide a deeper insight into risk management, including courses covering: Derivatives, Risk Applications and Risk and Capital. The following courses are most popular with our clients, though we offer a wide variety to suit all needs. Bank Capital Adequacy under Basel III p4 Solvency II p5 Sovereign and Country Risk p6 Liquidity Risk Management in Banks p7 Risk Management in Banks and the Capital Implications p8 Central Counterparties, Clearing Houses and Exchanges p9 Counterparty Credit Risk in Derivatives p10 Credit Portfolio Management p11 Financial Risk Management Learning Path To help you find the course which is most suitable for your level of experience, this learning path shows our recommended training journey from someone new to risk management to an advanced practitioner. Risk & Capital Risk Management in Banks and the Capital Implications Bank Capital Adequacy under Basel III Solvency II Introduction to Dodd-Frank Dodd-Frank Act: Regulation and Implications Operational Risk Management in Financial Institutions Risk Applications Credit Risk: Introduction to Key Concepts Credit Portfolio Management Liquidity Risk Management in Banks Systemic Risk and the Banking System Detecting and Preventing Fraud in Lending Derivatives Series Fundamentals of Derivatives Risk Counterparty Credit Risk in Derivatives Central Counterparties, Clearing Houses and Exchanges Complex Derivative Transactions (Advanced Level) Who Should Attend? Our Financial Risk Management courses are designed for risk, credit and fixed income professionals. They are specifically attended by risk managers, corporate bankers, analysts, controllers, auditors, regulators and insurance professionals. Public courses are ideal for individuals or small groups, with specific needs. You gain the expertise of Fitch Learning s experienced instructors and the diversity of participants leads to useful perspectives and discussions. For course dates, registrations and prices, visit www.fitchlearning.com/public-courses 3
Financial Risk Management Courses Bank Capital Adequacy under Basel III This two-day course will focus on the capital raising, funding, investment and risk management needs of banks in the context of changing markets, Basel III and other regulations. Understand the role of capital in a bank s balance sheet and identify the composition and relative importance of the different measures of capital from a regulatory perspective Recognize the main drivers of regulatory capital requirements from a product perspective, and be able to appreciate the effect of variables Be aware of the enhancements to the Basel Accord from Basel II.5, Basel III and on-going changes to regulatory capital methodologies, particularly core capital, additional capital requirements for trading books, counterparty risk, liquidity management and leverage Appreciate the potential impact on on a bank s strategy strategy and the likely composition of a bank balance sheet resulting from Basel and other associated regulatory changes. The course material was great. The best part was the depth and breadth of the instructor s knowledge to bring to life the course materials. Neeraj Sukhavasi, Independent delegate Analytic Overview Introduces the role of capital in the overall management, regulation and supervision of a bank and the approach to capital regulation taken by Basel III. Credit Risk: Calculation of Risk Weighted Assets for Regulatory Capital Provides an understanding of the main techniques used to calculate regulatory capital for credit risk under Pillar 1 of the Basel II/III Accords. Market Risk Addresses the different approach to capital requirements for market risk compared to credit risk and reviews how regulations have been revised under Basel II.5. Operational Risk Explores the fundamental challenges of calculating capital charges for operational risk and the various methodologies available to banks under Basel II and Basel III. Regulatory Capital Reviews the definitions of bank capital under Basel Accords and the key characteristics which determine the classification of capital. Liquidity Accord Contrasts the historic approach to regulation of liquidity compared to capital and explores the purpose and calculation methodologies of the Basel III liquidity ratios. 4 For course dates, registrations and prices, visit www.fitchlearning.com/public-courses
Solvency II This two-day intermediate workshop delivers an in-depth review of the rationale, application and implications of the EU Solvency II directive. The course focuses on causes of distress, capital adequacy requirements, eligible capital, group supervision and implications for insurers strategies and corporate governance. Recognize the key vulnerabilities of insurance companies that Solvency II is aiming to address and how this will fit into an early warning system for supervisors Understand the key proposals of the EU Solvency II Directive (capital requirements, supervisory review process and public disclosure) and appreciate how these will be applied Understand how both general and product-specific risks faced by life and non-life insurers and reinsurers will be addressed by Solvency II requirements Anticipate the impact of Solvency II on company strategy and risk management. I thought the training course was excellent. The instructor was very patient and always willing to answer questions. John Gray, RBS Risk Overview Reviews the challenges Solvency II aims to address: the key areas of risk faced by different types of insurer. Solvency II Overview Explores the key differences between Solvency II and existing regulatory regimes, the basic framework of Solvency II and the way in which capital and liabilities will be defined. Solvency II Risk Modules Relates the key risks faced by insurers to the risk charges as calculated under the proposed Solvency II standardized approach. Corporate Governance Explains how the key elements of Pillars 2 and 3 of Solvency II are intended to improve both corporate governance and internal risk management in insurance companies and groups. Implications of Solvency II Explores the impact of Solvency II on insurance company strategy: capital, enterprise-wide risk management, risk mitigation, product design and investment strategy. For course dates, registrations and prices, visit www.fitchlearning.com/public-courses 5
Financial Risk Management Courses Sovereign and Country Risk Designed for those without a formal economics background, this two-day workshop offers a structured approach to the analysis of country and sovereign risk in both emerging and mature markets and reviews lessons learned from previous defaults. Understand the key drivers of country and sovereign risk in both mature and emerging markets Identify qualitative, quantitative and market indicators of vulnerability Recognize the impact of sovereign support and country risk on other exposures, including public sector entities Review the lessons learned from previous crises in various geographic regions. Great two days training. Very insightful and the instructor was very knowledgeable. Martin Brandmeier, LCH.Clearnet Analytic Overview Distinguishes between sovereign and country risk and discusses how the rating agencies and other analysts assess these risks. This section also reviews the causes and effects of past and recent sovereign crises and uses market prices to indicate credit perception. Lastly it applies a structured approach to understand sovereign debt issuance and payback. Historical Context Explores the history of sovereign default and crisis and discusses perspectives on analysis including rating agency sovereign methodology, transfer and convertibility risk and market indicators. Risk Analysis Uses a structured approach to assess sovereign risk, incorporating macroeconomics, sovereign debt exposure and political and financial sector factors. Structure Reviews the losses that have occurred in sovereign crises and how they have been and can be mitigated by appropriate structures and risk management techniques. 6 For course dates, registrations and prices, visit www.fitchlearning.com/public-courses
Liquidity Risk Management in Banks This two-day intermediate workshop offers a structured approach to the analysis of liquidity challenges in banks, incorporating both lessons learned from the previous crises and Basel guidelines for sound liquidity management. Review liquidity management lessons learned from post crises Use a structured approach to assess liquidity risk management, asset and liability management and funding strategy Understand how banks forecast, control and stress-test their liquidity sources and use and build a contingency funding plan to address stress cash outflows Identify banks with weak liquidity and contingency planning within the context of the bank s role within the financial system Anticipate changing regulations and supervisory guidance on the management of bank liquidity. Excellent experience. The instructor was an excellent presenter with real world experience. The subject material was easier to take in because of the instructor's knowledge of case studies and their personable presentation style. Ken Cho,Wells Fargo Analytic Overview Introduces the concept of liquidity risk and explores how it affects banks business models. Governance Identifies the differing sensitivities and tolerances to liquidity risk for differing bank business models, and how this affects the approach to liquidity risk management taken by individual institutions. Asset Liquidity and Funding Needs Develops quantitative and qualitative techniques for assessing the liquidity risk of financial institutions. Funding Strategy Demonstrates the importance of a bank s funding strategy and its critical relationship to the banks business model. Supervision Identifies the regulatory treatment of liquidity risk from both the Basel II/III perspective and how approaches taken by individual national regulators within this framework may differ. For course dates, registrations and prices, visit www.fitchlearning.com/public-courses 7
Financial Risk Management Courses Risk Management in Banks and the Capital Implications This two-day intermediate course gives you a clearer understanding of the key risks faced by banks and how these risks are addressed by regulators under Basel II and III, and internal economic capital models. Identify, categorize and quantify credit, market, liquidity, operational, legal, regulatory and reputation risks Understand the systems and procedures needed to track, monitor and manage these risks Understand how the bank s capital is allocated to each of these risks from both a regulatory and management perspective. This was one of the best training courses I have attended. Very useful information and well delivered. Natalya Yaroshenko, RBS Citizens Analytic Overview Covers the inherent risks of a bank s balance sheet and the need for capital to cover these risks. Market Risk Introduces sources of market risk in the balance sheet and how this risk can be quantified and managed. This section also covers the principles of regulatory capital allocation for market risk. Credit Risk Identifies the different sources of credit risk within a bank s balance sheet, how these risks can be managed, mitigated and quantified. Operational Risk Explores some of the challenges that face banks in controlling, quantifying and allocating regulatory capital to operational risk. Legal, Regulatory, Reputation Risk Addresses some of the common softer risks discussed by banks in their annual reporting. Liquidity Risk Discusses types of liquidity risk, how these risks are managed and concepts of regulatory supervision. 8 For course dates, registrations and prices, visit www.fitchlearning.com/public-courses
Central Counterparties, Clearing Houses and Exchanges This intensive two-day course reviews the risks and the fast changing market dynamics faced when dealing with different types of counterparty, clearing houses and exchanges. Understand the different business models and how these are changing Identify key performance indicators for each business model and how to dissect financial statements to uncover key credit issues Review typical exposures to the different types of institutions and how these can be structured in order to minimize credit and other risks. Interesting, much learned, very good input and items covered. Soenke Heistermann, HSH Nordbank Markets in Securities and Derivatives Reviews the roles and differing business models of central counterparties, clearing houses and exchanges in securities and derivatives markets. Covers the impact of changing macro, competitive and regulatory issues. Operating Environment Covers the different business models and the regulations involved. Risk and Financial Analysis Identifies the various risks inherent in central counterparties, clearing houses and exchanges to identify the best practice, and to structure a due diligence. Exposure Structuring Understand how to assess and control the risk exposures to central counterparties, clearing houses and exchanges incurred both through trading and through lending. For course dates, registrations and prices, visit www.fitchlearning.com/public-courses 9
Financial Risk Management Courses Counterparty Credit Risk in Derivatives The aim of this three-day workshop is to enable you to identify the key categories and drivers of transaction credit risk in the main derivative products, and to apply a consistent approach to the quantification of these risks. Understand various types of counterparty credit risk occurring in derivative products and repurchase agreements (repos) Assess the counterparty credit risks in interest rate, foreign exchange, credit derivative, equity and repo products Apply lessons learned from the past crises to structure and reduce counterparty risk Calculate the counterparty credit risk of a portfolio of transactions Analyze and reverse engineer complex derivative transactions to determine counterparty risk. Very good level of detail, interactive and challenging. Application to business scenarios was useful. Orla Nicholmain, Investec Analytic Overview Defines the major categories of derivative credit risk, to differentiate them from both market risk and other credit risk types and to understand how derivatives are reflected on the balance sheet of clients. Derivative Product Categories Covers the major families of derivative products. Includes the evolution of different products, how they are used, the resulting cash-flows and the credit risks that arise in each type of transaction. Managing Exposures The focus of this section is two-fold: to quantify the aggregate risk with a counterparty by assessing the portfolio of transactions from the simple to the complex and to manage, and reduce where necessary, aggregate credit exposures from derivatives. 10 For course dates, registrations and prices, visit www.fitchlearning.com/public-courses
Credit Portfolio Management This two-day intermediate level workshop focuses on how credit portfolios are managed, modeled and sensitized within the Basel II, Basel III and economic capital frameworks. Identify the key elements of credit risk: probability of default, loss given default and exposure at default Evaluate the inter-action of credit risk within a portfolio exposures (especially default correlation), and how these can be measured and quantified Review how the main drivers of credit risk are modeled and sensitized Understand how credit portfolio modeling is used within firm-wide risk management and regulatory and economic capital process. Extremely useful and informative. The high quality of the instructor really made the course. Luke Jackson, Barclays Credit Risk Overview Covers the fundamental concepts of credit risk. Portfolio Risk Management Reviews the various techniques used to manage and measure credit risk within a portfolio and to understand the key drivers of credit risk. Credit Risk Models Reviews the key types of credit risk models and approaches the credit portfolio models. For course dates, registrations and prices, visit www.fitchlearning.com/public-courses 11
About Fitch Learning Fitch Learning is a global leader in financial education, with over 25 years experience delivering specialized, technical training to the financial community. With centers in London, New York, Singapore, Dubai and Hong Kong; we are committed to questioning and understanding client needs across the globe and on the ground locally. Our people advise and build learning solutions to accelerate the achievements of the individual, and the company across the entire employee lifecycle. We focus our training on four key areas: Professional Qualifications Regulatory exam training including CFA and CQF Tailored Learning Bespoke programs customized to meet your business needs Learning Solutions Innovative program delivery and management including online learning and interactive portals Public Courses Continuing professional development courses delivered worldwide between 1-4 days focusing on practical skills required to succeed in the industry Registrations www.fitchlearning.com/public-courses Contact Us London: +44 (0) 20 7496 8401 New York: +1 800 974 0394 Singapore: +65 6327 1581 Dubai: +971 800 72489 enquiry@fitchlearning.com For group or company discounts contact: Guy McCulloch +44 (0) 20 7496 3323 guy.mcculloch@fitchlearning.com For in-house course enquiries contact: +44 (0) 20 7496 8401 enquiry@fitchlearning.com