CHARTERED FINANCIAL RISK MANAGER

CHARTERED FINANCIAL RISK MANAGER

OBJECTIVE:

Applicants of this programme will undergo an intensive training in the principles of risk management with strong focus on the application of theory, to practically implement financial risk management models necessary for building risk resilient growth in organisations.

 

COURSE OUTLINE

1. Discounting, Present, and Future Value
2. Price-Yield Relationship
-Valuation
-Taylor Expansion
-Bond Price Derivatives
-Interpreting Duration and Convexity
-Portfolio Duration and Convexity

1. Overview of Derivatives Markets
2. Forward Contracts
-Definition
-Valuing Forward Contracts
-Valuing an Off-Market Forward Contract
-Valuing Forward Contracts with Income Payments 3. Futures Contracts
-Definitions of Futures
-Valuing Futures Contracts
1. Swap Contracts

1. Introduction to Financial Market Risks
2. VAR as Downside Risk
-VAR: Definition
-Caveats
-Alternative Measures of Risk
3. VAR: Parameters
-Confidence Level
-Horizon
-Application: The Basel Rules
4. Elements of VAR Systems -Portfolio Positions -Risk Factors
-Methods
-Stress-Testing
-Cash Flow at Risk

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1. The Importance of Operational Risk
-Case Histories
-Business Lines
2. Identifying Operational Risk
3. Assessing Operational Risk
-Comparison of Approaches -Actuarial Models
4.Managing Operational Risk -Capital Allocation and Insurance -Mitigating Operational Risk
5. Conceptual Issues

M6.1 Overview of Debt Markets
M6..2 Fixed-Income Securities Instrument Types -Methods of Quotation
M6..3 Analysis of Fixed-Income Securities The NPV Approach -Duration
M6.4 Spot and Forward Rates
M6.5 Mortgage-Backed Securities -Description Prepayment Risk -Financial Engineering and CMOs

M7.1 Market Risks
-Absolute and Relative Risk
-Directional and Non-directional Risk -Market vs. Credit Risk
-Risk Interaction
M7.2 Sources of Loss: A Decomposition -Exposure and Uncertainty
-Specific Risk
M7.3 Discontinuity and Event Risk
-Continuous Processes
-Jump Process
-Event Risk
M7.4 Liquidity Risk

M8.1 Credit Event
M8.2 Default Rates
-Credit Ratings
-Historical Default Rates
-Cumulative and Marginal Default Rates
-Transition Probabilities
-Predicting Default Probabilities
M8.3 Recovery Rates
-The Bankruptcy Process
-Estimates of Recovery Rates
M8.4 Application to Portfolio Rating
M8.5 Assessing Corporate and Sovereign Rating
-Corporate Default
-Sovereign Default

Fees & Start Dates

GHS 3,000

31st August, 2024