You will study the holy trinity of the risk management framework, the identification of risk, the quantification of risk and the management of risk within risk appetite and market constraint.
You’ll appreciate the concept of “whole entity” risk management. Integration of risk as a core process within all spheres of activity is vital – you’ll examine issues of governance, organisational structure, IT platforms, staffing, training and compensation.
You'll return to work able to:
The course begins with an overview of risk and return in banking and finance and how these are intimately linked with the economy and monetary policy. You’ll look at regulation with case studies and examples of Basel III / IV regulatory calculations, then focus on the specifics of market risk across assets classes, stressing the intimate relation with liquidity risk and its constraints. Hedging and risk control tools are extensively discussed, including securitisation
techniques for balance sheet management and ALM. You’ll study credit risk, credit evaluation and the impact of default correlation as a major risk factor for tail risk. You’ll move onto
operational risk and its overlap with all other risk areas and tackle liquidity risk.
Case studies and exercises ensure you make the transition from theory to practice with outstanding success.
Course programme at a glance
Dr Andrew Street began his finance career as a fixed income quantitative analyst and structured products specialist at Barings.
He also traded FX, Equities, Fixed Income and Commodities at banks in the UK, US and Japan, rising to be Executive Director of Mitsubishi Finance in London. In addition to his extensive market practitioner experience as a derivatives trader and risk manager, Andrew has been a senior financial regulator including being Head of Traded Risk at the Financial Services Authority (FSA) and Assistant Director - Head of Market Risk at the Securities and Futures Authority (SFA). This has provided him with a unique insight into the control, regulation and modelling of financial risk across the whole spectrum of financial institutions. He holds advanced degrees in Theoretical Physics and is a lecturer on the Cambridge University Judge Institute’s Masters In Finance degree course.
One of the best I have ever attended. The course presented a wide range of topics, many of them technical yet accessible, by means of clear examples and thanks to the very good communication skills of the speakers