E-Learning Course - Asset Liability Management (Library of 28 courses)

  • ID: 306056
  • Training
  • Region: Global
  • KESDEE Inc
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A comprehensive e-learning product covering Global Best Practices, Strategic, Operational and Analytical aspects

The themes of this product are:

- Exposure by 'Choice' not by 'Chance'

- Assets and Liabilities may be good when viewed in isolation but what is required is a proper match between them

- An integrated approach with our proprietary 9-Part Framework for ALM

- Examine not only what is On-Balance Sheet and Off-Balance Sheet but also what is behind the Balance Sheet (Quality of Risk Management Infrastructure)

Overview:

Volatile global markets, proliferation of new financial products and changing regulatory environments have made Asset Liability Management (ALM) a critical function for banks and financial institutions today.

It is therefore becoming increasingly important to define, measure, monitor and manage an institution's exposure to Foreign Exchange, Interest Rate and Liquidity Risks on a coordinated and consistent basis

After completing this course you will be able to:

- Use ALM to meet regulatory/solvency/liquidity requirements
- Control and diversify risk
- Reduce mismatches
- Establish strategic directions
- Add value creation, Risk-adjusted Return on Capital (RAROC) and Capital Allocation

Target Audience:

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from our innovative solutions.

Supervisory Agencies
Central Banks
Financial Institutions
Commercial Banks
Investment Banks
Housing Societies/Thrifts
Mutual Funds
Brokerage Houses
Stock Exchanges
Derivatives Exchanges
Insurance Companies
Multinational Corporations
Accountancy Firms
Consultancy Firms
Law Firms
Rating Agencies
Multi-lateral Financial Institutions
Others

Course Level and Number of Courses: Intermediate & Advanced Level. Library of 28 Courses

Instructional Method: Dynamic, Interactive e-learning

Recommended Background: Familiarity with basic financial concepts
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Asset Liability Management Courses

Time taken to complete each Course: Two - Three hours

1. Scope of ALM

Objectives
Introduction
Interest Rate Risk
Foreign Exchange Risk
Commodity Risk
Stock Market Risk
Liquidity Risk
Credit Risk

2. Objectives of ALM

Objectives
Introduction
Rate Scenario Table
Short Term and Long Term Risk

3. Growing Relevance of ALM

Objectives
Nature and Significance of ALM
Financial Volatility
Explosion of New Products
Regulatory Initiatives
Management Recognition

4. A Nine-part Framework for ALM

Objectives
Introduction
Strategic Framework
Organizational Framework
Operational Framework
Analytical Framework
Technology Framework
Information Reporting Framework
Performance Measurement Framework
Regulatory Compliance Framework
Control Framework

5. Strategies of ALM

Objectives
Introduction
On Vs. Off-Balance Sheet Strategy

6. Yield Curve Analysis

Objectives
Introduction to Yield Curve Analysis
Types of Yield Curves
Analyzing Yield Curve
Bond Arbitrage Strategies
Application of Yield Curve

7. Interest Rate Gap Analysis - I

Objectives
Introduction to Gap
Gap Report
Considerations in Slotting of Different Items

8. Interest Rate Gap Analysis – II

Objectives
Income Impact
Gap Limits
Restructuring Strategies
Strengths and Limitations

9. Interest Rate Gap Analysis – III

Objectives
Asset Restructuring Strategy
Liability Restructuring Strategy
Growth Strategy
Shrinkage Strategy
Off-Balance Sheet Strategy

10. Simulation and Scenario Analysis - I

Objectives
Introduction to Simulation
Measuring Risk Positions
Scenarios and Results
Simulation Modeling
Backtesting

11. Simulation and Scenario Analysis – II

Objectives
Non-specific Maturity Items
Business Strategies
Monte Carlo Simulation
Software Packages
Strengths and Limitations

12. Duration I

Objectives
Introduction
Duration Vs. Yield
Duration Vs. Maturity
Duration Vs. Coupon

13. Duration II

Objectives
Duration of a Perpetual Bond
Duration of a Bond with Embedded Options
Duration of Portfolio
Duration of Off-Balance Sheet Items
Approximation in Duration
Gap Vs. Duration
Payment Frequency
Strategies for Risk Management

14. Duration III

Objectives
Duration of Equity and Leverages
Examples
Duration of Complex Items
Leveraged Inverse Floaters
Zero Coupon Yield Curve
Comparison

15. Duration IV

Objectives
Duration of Complex Items
Zero Coupon Yields Curve
Comparison

16. Strategies for Internal Risk Management

Objectives
Dedication
Immunization
Indexation
Active Management
Rate Anticipation

17. Basis Point Value

Objectives
Introduction
Calculation of Basis Point Value for On-Balance Sheet Items
Calculation of Basis Point Value for Off-Balance Sheet Items
Basis Point Value of a Portfolio

18.Convexity

Objectives
Introduction
Definition of Convexity
Convexity Calculation
Convexity and Yield
Convexity, Maturity, Coupon and Price Change
Convexity of Portfolio
Positive and Negative Convexity

19. Review of Statistical Concepts

Objectives
Statistical Measures
Normal Distribution
Correlation
Volatility and Standard Deviation

20. Value at Risk -I

Objectives
Introduction
Measures of Risk Exposure
Computation of VaR
Strengths and Limitations of VaR

21. Value at Risk -II

Objectives
VaR for Foreign Currency Spot and Options
VaR for Foreign Exchange Forward
VaR for Common Shares
VaR for Fixed Income Securities
VaR of a Portfolio
Applications of VaR

22. Application of Analytical Techniques

Objectives
Introduction
Concepts and Assumptions
Application
Practices
Case Study I
Case Study II

23. AL Organization

Objectives
Introduction
Composition of ALCO
Scope of ALCO
Properties

24. ALCO Meetings

Objectives
Introduction
ALCO Meetings
ALCO Data Requirements

25. ALM Policies and Procedures

Objectives
Introduction
Policy Statement
Procedure Manual
ALCO Reports

26. Funds Transfer Pricing

Objectives
Introduction
Concepts
Review of Risks
Practices

27. Funds Transfer Pricing - Practices

Objectives
Introduction
Analysis of Techniques

28. Audit of ALM

Objectives
Introduction
Overall Approach
Audit
JOB AIDS
Measurement Tools
Disclosures
Regulations
Global Best Practices
Benchmarking Data
Policy Templates
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