Fundamentals Of Risk Management

Everyone in the finance world needs a firm understanding of risk - especially in light of the credit crisis. Rather than adopting the traditional approach to risk training that tends to be rather academic, the IFF Fundamentals of Risk Management course is developed with the needs of practitioners in mind. The course covers the spectrum of issues in risk management and has been recently updated to reflect the impact of the credit crunch.

Course Highlights

Excellent tuition. I shall be recommending the course leader to colleagues.

S.P., National Grid Company

Course objectives:

Analysing specific risk management frameworks and different types of risk
Building awareness of the specific risks such as credit, market and operational
Exploring the main risk measurement and management tools
Understanding how risk standards are developed and identifying key criteria for implementing effective risk controls, procedures and regulatory processes

For details of the course trainer, please download the course brochure

Booking Information

Dates	Prices	Book This Course	Discount
17 - 19 Nov 2010	£ 2099		-
28 - 30 Mar 2011	£ 2099		-

Course Programme

Excellent tuition. I shall be recommending the course leader to colleagues.

S.P., National Grid Company

The course presenter was extremely knowledgeable and knew his subject very well

C.S., Dresdner Kleinwort

What I most liked about this course was the knowledge, experience and enthusiasm of the course leader

R.S., Banque Privee Rothschild

An introduction to risk management

The risk management framework
Overview of different types of risk
Current trends and future issues in risk management

Credit risk management

Defining credit risk
counterparty risk
default risk
settlement risk
Evaluating netting agreements
How collateral management can help reduce credit risk
Describing the credit rating process
Credit spread analysis
Measuring credit risk using
VaR
CreditMetrics
Use of credit derivatives in risk management
Credit enhancement techniques

Market risk management

Defining market risk
Identifying market risk sensitivity
liquidity
volatility
foreign exchange
term structure
Measuring and managing market risk using
Various approaches to VaR
Stress testing

Operational risk management

Defining operational risk
Developing methodologies to monitor and control operational risk
Assessing the various approaches to quantify operational risk
Overcoming data limitation when measuring operational risk
How to integrate operational risk into the organisation’s risk management framework

Analysing other types of risks

Political and economic risk
Legal risk
Liquidity risk
Accounting risk
Tax risk
Model risk
Other risks

Risk measurement tools

Explaining the most commonly used risk measurement tools:
Historical simulation
Scenario analysis
Variance, covariance and correlation
Monte Carlo simulation
RAPM
VaR
Duration and convexity
Risk parameters - the Greeks
Yield curve modelling
Stress testing
Other tools
Understanding the basic maths behind them
Learning when each model should be used

Use of derivatives in risk management

When and why to use derivatives
options
futures
swaps
Hedging using derivatives

Developing risk standards

Does your board truly understand its risks?
Risk standards for investment managers
Finding the right balance between risk and reward for your organisation

Identifying the essential criteria for implementing risk management controls and procedures

Identifying and solving communication breakdown between front and back office to maximise risk control
Case study: Highlighting possible solutions by assessing what others have successfully done

The legal aspect

Overview of new regulations:
EU Capital Adequacy Directive
BIS regulations (Capital Accord 1988 - Market Risk Amendment 1996)
Basel II