Course Detail(BF036 : Financial Risk Management: Implementation & Monitoring (with Practical Applications)(Live Webinar))

SDF Funding, SkillsFuture Credit

BF036 : Financial Risk Management: Implementation & Monitoring (with Practical Applications)(Live Webinar)

14.00 CPE Hours (Others)
Classroom

Please be informed that in view of the current COVID-19 situation, we will be changing the format of the session on 28 & 29 July 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. Please sign up for a Zoom account (https://zoom.us/) if you currently do not have an account.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".

Programme Objective

This intense course heightens the participants' attention to various issues at the forefront of risk management and implementation.

It explains why risk management is becoming the key priority for government, banks and private corporations.

  • Understand the role of risk management department, schedule of risks and risk management framework.
  • Measure market risk to understand the weaknesses and limitations of VAR. How to use the new market risk valuation techniques.
  • Construct credit spread and default risk using derivatives.
  • Manage credit portfolio and to analyze the new paradigm.
  • Understand how departmental risk is being assessed and managed.
  • Real time monitoring of risk management.
  • Apply financial instruments (derivatives and non-derivatives) to manage treasury risk.
  • Explore the latest risk management guidelines, pitfalls and what next?
  • Develop a focused management information structure to promote risk awareness and facilitate control.

The following case studies will be analyzed-

  • Operational Risk & Market Risk : Societe General- China Aviation Oil -Sumitomo
  • Concentration/ Counterparty Risk : Lehman Brothers- Hedge Funds LTCM
  • Systemic Risk : Asian Financial Crisis
  • Credit/Default Risk: Latest Sovereign Debt Crisis

Programme Outline

Day One


SESSIONS 1 AND 2
Topic: Introduction and Overview

This session kick starts the programme by looking at the overview of risk management. You will learn the classification of major risks in respect of market, credit and operational risks. Risk Management organizational structure and functions will also be discussed.

What is Risk Management?

  • Process of Financial Risk Management and Implication
  • Classification of Risks
  • Market Risks and the affecting factors: Foreign Exchange Risk; Interest Rate Risk; Equity Price Risk
  • Credit Risk
  • Operational Risk
  • Other Risks (Liquidity and Systemic)
  • The Role of a Risk Management Department, Schedule of Duties, and Risk Management Framework
  • Risk Management Organizational Structure and Functions (Key Responsibilities)


SESSION 3

Topic: Measuring Market Risk

This session examines the market risk measurement with the use of Value-at-Risk (VaR). You will learn the real life application of a model as well as criticism of VaR methods.

Examples and illustration will be included and a case profile on Merrill Lynch will be covered.

  • An outline of Value at Risk (VaR)
  • How Reliable is VaR and Critics of VaR.
  • Case Profile - Merrill Lynch
  • Managing Market Risks in Trading Book


SESSION 4

Topic: Credit Risk Management

This session examines credit risk management and measurement. The BIS add-on approach as well as Basel Risk charges for derivatives will be discussed.

Examples and illustration will be included.

  • Credit Risk Measurement
  • Credit Risk Management
  • Applying VaR principle to Credit Control
  • Managing Credit Risk in Loans Portfolio - Practical Consideration

Day Two

SESSION 5

Topic: Operational Risk Management

Operational Risk Management is a very broad concept. In this session, the importance of operational risk management is examined with the use of case studies.

  • Controlling Operational Risk Measurement
  • Other aspects of Operational Risk Management
  • Quantifying Operational Risk - Latest Modelling Techniques


SESSION 6

Topic: Available Derivatives Instruments to Manage Financial Risk: Practical Applications

In this session, we will look at managing financial risks through the use of various types of derivatives instruments.

Illustrative examples will be included to detail the application of various techniques mainly to value Toxic assets in the bank books.

SESSION 7

Topic: Regulatory Requirements for Risk Management – Bank Recapitalization Issues- Sovereign Debt Crisis Management European Countries - Basel II and Basel III Accord Implications

In this session, we will look at the regulatory requirements for risk management. Comparison between Basel II and Basel III.

  • Basel III requirements
  • Sovereign Debt Crisis Proposed Solutions
  • Capital Adequacy Requirement (CAR) Detailed Calculation


SESSION 8

Topic: Liquidity Risk Management


In this session, we will look at risk measures and methodology for liquidity risk management. Practical Considerations and lessons learnt from the current crisis will be covered.

  • Risk Measures and Methodology
  • Relevance and Practical Considerations


SESSION 9

Topic: Risk Management Organization and Relationship with Internal Audit and Compliance


In this session, we will look at the various types of reporting

  • Risk reporting classification
  • Format for various types of risk reporting


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This training course is specifically designed for decision makers in all organizations and hence is involved in the management of risks, aimed mainly at: CEOs, CFOs, COOs, Finance Managers, and Risk Managers and Officials with responsibility for Risk Management Global Heads of Operational Risk, Heads of Risk Management, Heads of Audit, Operational Risk Analysts, Group Risk, Risk & Contingency Managers, Finance Directors, Compliance/Internal Auditors Risk Control Consultants Government Agencies dealing with Risks, as well as Government bodies regulating Risk Areas Insurers, Brokers, Loss Adjusters Accountants

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

28 Jul 2020 (9:00 AM - 5:00 PM)
29 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 695.50   $ 556.40
For Non-Members: $ 834.60   $ 667.68
Early Bird Discount till 31 Jul 2020

Programme Facilitator(s)

Prof Malick SY, PhD

Venue

Online Classroom in or outside of
Singapore

Date & Time

27 Sep 2018 (9:00 AM - 5:00 PM)
28 Sep 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Malick SY, PhD

Date & Time

28 Sep 2017 (9:00 AM - 5:00 PM)
29 Sep 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Malick SY, PhD

Date & Time

01 Sep 2016 (9:00 AM - 5:00 PM)
02 Sep 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Malick SY, PhD

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 27 Jun 2021
Course Ref No.: CRS-N-0034582


All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

 

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 27 Jun 2021
Funded Hours: 14 hours
Course Ref No.: CRS-N-0034582

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

Programme Facilitator(s)


Prof Malick SY, PhD

Prof Malick SY is the Managing Director of a financial consulting firm with offices in South East Asia. Specializing in Corporate Consulting and Risk Management, his expertise in these areas is recognized internationally. He has been a Director of Risk Management at the Kuala Lumpur Stock Exchange and has been member of the Singapore Exchange Corporate Advisory Committee in Derivatives (SGX-DT).

With more than 25 years of experience in financial consulting and advisory to many financial institutions in Europe, Asia and Australia, his corporate clients include DBS Bank (Singapore), Singapore Exchange (SGX), Credit Suisse (Singapore), Bursa Malaysia, Association of Insurance and Asset Management Companies (Malaysia). He has set up the risk management department for many companies in Asia. He was the course leader for the derivative compulsory courses in getting the Options, Futures licenses organized by the Stock Exchanges of Singapore and Malaysia.

Professor of Financial Management at the Royal Melbourne Institute of Technology (RMIT) University, Melbourne-Australia and a visiting Professor of Finance at the City University of New York (CUNY)-USA, his time is shared between graduate level teaching, research activities and consulting. His research interest is in risk management, banking and financial markets especially derivatives and foreign exchange.

He won the Chicago Board of Trade (CBOT-USA) award.

 

Please be informed that in view of the current COVID-19 situation, we will be changing the format of the session on 28 & 29 July 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. Please sign up for a Zoom account (https://zoom.us/) if you currently do not have an account.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".

Programme Objective

This intense course heightens the participants' attention to various issues at the forefront of risk management and implementation.

It explains why risk management is becoming the key priority for government, banks and private corporations.

  • Understand the role of risk management department, schedule of risks and risk management framework.
  • Measure market risk to understand the weaknesses and limitations of VAR. How to use the new market risk valuation techniques.
  • Construct credit spread and default risk using derivatives.
  • Manage credit portfolio and to analyze the new paradigm.
  • Understand how departmental risk is being assessed and managed.
  • Real time monitoring of risk management.
  • Apply financial instruments (derivatives and non-derivatives) to manage treasury risk.
  • Explore the latest risk management guidelines, pitfalls and what next?
  • Develop a focused management information structure to promote risk awareness and facilitate control.

The following case studies will be analyzed-

  • Operational Risk & Market Risk : Societe General- China Aviation Oil -Sumitomo
  • Concentration/ Counterparty Risk : Lehman Brothers- Hedge Funds LTCM
  • Systemic Risk : Asian Financial Crisis
  • Credit/Default Risk: Latest Sovereign Debt Crisis

Programme Outline

Day One


SESSIONS 1 AND 2
Topic: Introduction and Overview

This session kick starts the programme by looking at the overview of risk management. You will learn the classification of major risks in respect of market, credit and operational risks. Risk Management organizational structure and functions will also be discussed.

What is Risk Management?

  • Process of Financial Risk Management and Implication
  • Classification of Risks
  • Market Risks and the affecting factors: Foreign Exchange Risk; Interest Rate Risk; Equity Price Risk
  • Credit Risk
  • Operational Risk
  • Other Risks (Liquidity and Systemic)
  • The Role of a Risk Management Department, Schedule of Duties, and Risk Management Framework
  • Risk Management Organizational Structure and Functions (Key Responsibilities)


SESSION 3

Topic: Measuring Market Risk

This session examines the market risk measurement with the use of Value-at-Risk (VaR). You will learn the real life application of a model as well as criticism of VaR methods.

Examples and illustration will be included and a case profile on Merrill Lynch will be covered.

  • An outline of Value at Risk (VaR)
  • How Reliable is VaR and Critics of VaR.
  • Case Profile - Merrill Lynch
  • Managing Market Risks in Trading Book


SESSION 4

Topic: Credit Risk Management

This session examines credit risk management and measurement. The BIS add-on approach as well as Basel Risk charges for derivatives will be discussed.

Examples and illustration will be included.

  • Credit Risk Measurement
  • Credit Risk Management
  • Applying VaR principle to Credit Control
  • Managing Credit Risk in Loans Portfolio - Practical Consideration

Day Two

SESSION 5

Topic: Operational Risk Management

Operational Risk Management is a very broad concept. In this session, the importance of operational risk management is examined with the use of case studies.

  • Controlling Operational Risk Measurement
  • Other aspects of Operational Risk Management
  • Quantifying Operational Risk - Latest Modelling Techniques


SESSION 6

Topic: Available Derivatives Instruments to Manage Financial Risk: Practical Applications

In this session, we will look at managing financial risks through the use of various types of derivatives instruments.

Illustrative examples will be included to detail the application of various techniques mainly to value Toxic assets in the bank books.

SESSION 7

Topic: Regulatory Requirements for Risk Management – Bank Recapitalization Issues- Sovereign Debt Crisis Management European Countries - Basel II and Basel III Accord Implications

In this session, we will look at the regulatory requirements for risk management. Comparison between Basel II and Basel III.

  • Basel III requirements
  • Sovereign Debt Crisis Proposed Solutions
  • Capital Adequacy Requirement (CAR) Detailed Calculation


SESSION 8

Topic: Liquidity Risk Management


In this session, we will look at risk measures and methodology for liquidity risk management. Practical Considerations and lessons learnt from the current crisis will be covered.

  • Risk Measures and Methodology
  • Relevance and Practical Considerations


SESSION 9

Topic: Risk Management Organization and Relationship with Internal Audit and Compliance


In this session, we will look at the various types of reporting

  • Risk reporting classification
  • Format for various types of risk reporting


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This training course is specifically designed for decision makers in all organizations and hence is involved in the management of risks, aimed mainly at: CEOs, CFOs, COOs, Finance Managers, and Risk Managers and Officials with responsibility for Risk Management Global Heads of Operational Risk, Heads of Risk Management, Heads of Audit, Operational Risk Analysts, Group Risk, Risk & Contingency Managers, Finance Directors, Compliance/Internal Auditors Risk Control Consultants Government Agencies dealing with Risks, as well as Government bodies regulating Risk Areas Insurers, Brokers, Loss Adjusters Accountants

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Prof Malick SY, PhD

Prof Malick SY is the Managing Director of a financial consulting firm with offices in South East Asia. Specializing in Corporate Consulting and Risk Management, his expertise in these areas is recognized internationally. He has been a Director of Risk Management at the Kuala Lumpur Stock Exchange and has been member of the Singapore Exchange Corporate Advisory Committee in Derivatives (SGX-DT).

With more than 25 years of experience in financial consulting and advisory to many financial institutions in Europe, Asia and Australia, his corporate clients include DBS Bank (Singapore), Singapore Exchange (SGX), Credit Suisse (Singapore), Bursa Malaysia, Association of Insurance and Asset Management Companies (Malaysia). He has set up the risk management department for many companies in Asia. He was the course leader for the derivative compulsory courses in getting the Options, Futures licenses organized by the Stock Exchanges of Singapore and Malaysia.

Professor of Financial Management at the Royal Melbourne Institute of Technology (RMIT) University, Melbourne-Australia and a visiting Professor of Finance at the City University of New York (CUNY)-USA, his time is shared between graduate level teaching, research activities and consulting. His research interest is in risk management, banking and financial markets especially derivatives and foreign exchange.

He won the Chicago Board of Trade (CBOT-USA) award.

 


Upcoming Schedule

Date & Time

28 Jul 2020 (9:00 AM - 5:00 PM)
29 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 695.50   $ 556.40
For Non-Members: $ 834.60   $ 667.68
Early Bird Discount till 31 Jul 2020

Programme Facilitator(s)

Prof Malick SY, PhD

Venue

Online Classroom in or outside of
Singapore