Complementing your practical skills and expertise
www.incisivelearning.com/risk
About Risk e-Learning
Advantages of Risk e-Learning
Risk e-Learning offers a range of online
Accessible: Take our online courses
training courses designed for banks,
at any place that has internet access,
hedge funds, insurance companies and
at anytime. There is no need to leave
pension funds to stay on top of industry
the office.
developments, and ensure they comply with fast-changing regulation on capital, credit and market risk, liquidity and derivatives use. Written by industry experts, courses also
Flexibility: Take the courses at your own pace. Revisit less familiar content as often as you like, and spend less time on subjects in which you are already competent.
help professionals enhance their skills
Convenience: Courses are bookmarked,
and knowledge, as well as ensure they
allowing you to pause your training
are aware of the importance of good risk
and resume exactly where you left off.
management in their job.
Value: Courses are less expensive than comparable classroom courses.
Bespoke Training
Certification: Your assessment results are recorded, so you can prove your
Course content can be tailored to suit the
competence. Course certificates are
specific training needs of your organisation,
awarded to let you demonstrate your
or our team can structure a unique program
career development.
and produce bespoke courses for your business. For more information on tailored/bespoke courses or for a quote, contact Rob Saunders, Incisive Training Sales
CPD: Gain CPD (continuing personal or professional development) points and show your commitment to maintaining your knowledge and skills. Reporting: Mangers can run reports in
Manager on +44 (0)20 7004 7485
order to monitor and track their team’s
or via rob.saunders@incisivemedia.com.
progress.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
COURSE LIST Courses are being released constantly to ensure the library remains up to date and the content provides users with the recent developments and the latest trends. Please see below a list of our current and upcoming courses.
RISK Applied Financial Maths
• Mergers & Acquisitions (M&A)
• Repurchase Agreements (Repos)
• Pension Funds Analysis
• Yield Curves
• Private Banking
• Interest Rate and Financial Maths Recap • Stochastic Processes: An Introduction • Time Value of Money
• Securitisation • Technical Analysis • The Markets • Treasury Management Defined
Credit • Corporate Credit Analysis • Corporate Failure • Corporate Valuation • Finance for the Non-financial Manager • Financial Statement Analysis Derivatives • Credit Derivatives • Credit Derivatives: Pricing • Derivatives: An Overview • Derivatives: Asset Swaps • Derivatives: Caps, Collars & Floors
Regulation and Compliance • Advising and Selling • Agency Law • Approved Persons • Bribery & Corruption
Financial Mathematics
• Business Continuity Management
• Basic Statistical Concepts
• Business Ethics
• Calculus
• Capital Adequacy Regulations
• Linear Mathematics
• Client Assets
• Managing Data
• Combating Money Laundering & Terrorist Financing
Fixed Income
• Competition Compliance
• Convertible bonds
• Conduct of Business: Client Relationships
• Fixed Income: An Overview
• Conflicts of Interest
• Fixed Income: Issuing Procedures
• Contract Certainty
• Fixed Income: Valuation
• Data Protection Act
• Fixed Income: Volatility
• Dealing & Managing
• Derivatives: Complex & Exotic Options Foreign Exchange (FX)
• Financial Promotions
• Derivatives: Exotic Swaps
• Foreign Exchange: The Markets & Players
• Fraud & Market Abuse
• Derivatives: Futures
• Foreign Exchange: Trading
• Fraud Awareness
• Derivatives: Currency Swaps
• Handling Complaints
• Derivatives: Options
Fund Management
• Health & Safety
• Derivatives: Swaptions
• Fundamentals of Derivatives & Structured Products
• How Liabilities Arise
• Equity Derivatives: The Products
• Fund Management
• Equity Derivatives: Trading Strategies
• Global Settlement & Custody
• Foreign Exchange (FX) Exotic Options
• Investment Funds
• Foreign Exchange (FX) Options
• Portfolio Management
• Option Valuation
• Introduction to FSA Regulation – Insurance Firms
• Retail Services
• Market Abuse
Economics
• Structured Products: An Introduction
• Banks & Money Supply
HR - Guidelines for Managers
• Markets in Financial Instruments Directive (MiFID)
• International Trade
• Carrying out Effective Appraisals
• Macroeconomics
• Dealing with Capability Issues
• Microeconomics
• Dealing with Disciplinary Issues
Equities
• Dealing with Flexible Working Requests
• Equity Markets
• Dealing with Grievance Issues
• Derivatives: Swaps
• Dealing with Long-term Absence
• Equity Valuation
• Dealing with Unauthorised Absence
• Information Security • Insurance Conduct of Business • Intellectual Property Rights
• Regulatory Aspects of Claims Handling • Sanctions • Senior Management • Solvency II • The Roles & Responsibilities of Directors • Training & Competence • Treating Customers Fairly (TCF)
Financial Markets
• Managing Persistent Short-term Absence
Risk Management
• Alternative Investments
• Managing the Maternity Process
• Asset & Liability Management
• Commodity & Energy Markets
• Managing the Paternity Process
• Bank Risk Management
• Corporate Finance • Global Markets • Hedge Funds
Money Markets • Derivatives Forward Rate Agreements (FRAs)
• Credit Risk • Market Risk • Operational Risk
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
COURSE LIST CONTINUED... INHOUSE
17. Risk in Commodity Trading & Structured Products
10. Social Media
Energy
18. Exotic Interest Rate & FX Derivatives: Structuring & Risk-Adjusted Valuation
12. Mobile Marketing
3. Operational Risk Management for Energy Companies
CRN
Search Engine Optimisation
4. Energy Market Risk Management
Behavioural Sales
2. Fundamentals & Best Practices
5. Risk Policy & Governance in Energy Firms
1. Planning & Time Management
3. Project Management
6. Trading & Commerce in Energy Markets
2. Building Influencing and Persuasion Skills
4. Link Building
1. Foundations of Energy Finance*
11. Information Retrieval 13. Local Search Best Practices
2. Advanced Energy Finance Analytics*
7. Structuring & Origination in Energy
1. Keyword Research & Mapping
3. Negotiating Skills
5. Research 6. Optimised Copywriting
Trading Technology
4. Effective Listening Skills for Sales People
1. Algorithmic Order Routing
5. Building Exceptional Motivational Skills
2. High Frequency Trading
6. Using Body Language in Selling
Paid Search Strategies
3. Market Data Series:
7. Platinum Package
1. Introduction to PPC
– Introduction to Financial Markets & Market Data
Managerial Sales
– Cost Control & Data Administration
1. Understanding Business Strategies
– Enterprise Platform, RMDS, Data Feeds & System Management
2. Using Value Propositions Effectively
– Low Latency Market Data & Trading System Solutions
4. Delivering Effective Presentations
4. Reference Data Trading Technology 1. Solvency II for Insurers 2. Solvency II for Insurance Brokers 3. Insurance Pricing: price for profit, not cost recovery
7. Keyword Intelligence
2. PPC Basics
3. Marketing your Products & Services 5. Building Business Relationships
3. PPC Optimisation 4. AdWords Editor 5. Implementing Your PPC Strategy 6. Content Networks 7. Landing Page Design 8. Beyond the SERP
6. Platinum Package Email Strategy Technical Sales 1. The Conscientious Sales Person 2. Matching your Customers Buying Cycle 3. Sales Cycle Management 4. Sales Account Planning
1. Complaint Email 2. Getting to the inbox 3. Email Format 4. Email ROI 5. Building Your Data List
Risk Management & Alternative Assets
5. Solution Selling Training
1. Operational Risk Management
6. How to Really Discover Customer Needs
2. Enterprise Risk Management
7. Interviewing the Customer
3. Stress Testing for Banks
8. Successful Closing Techniques
Social Media
4. Introduction to Basel III
9. How to Build a Better Sales Pipeline
1. Why Use Social Media
5. Internal Ratings Based Approach to Credit Risk Management
10. Value Added Selling
2. Blogging
11. Platinum Package
3. YouTube
6. Risk Management in Treasury 7. Funds Transfer Pricing
6. Sending Strategy 7. Email Strategy
4. Social Media Strategy
Clickz
8. Active Asset & Liability Management
5. Facebook 6. Twitter
9. Liquidity Risk Modelling
Online Marketing Foundation
7. LinkedIn
10. Model Risk Management
1. SEO
8. Social Media ROI
11. Foundations of Financial Modelling
2. Web Analytics
9. Social News Networks
12. Advanced Financial Modelling with Excel
3. Demand Generation
10. Online PR
13. Introduction to VBA for Financial Modelling
5. Email
Web Analytics
6. Introduction to Usability
1. Web Analytics
14. Introduction to Quantitative Finance
7. Online PR
2. KPIs
15. FX Options
8. Content Marketing Strategy
3. KPI Analysis
9. Strategy
4. Measuring Social Media
16. Counterparty Credit Risk & CVA
4. Pay Per Click
* United States only www.incisive-training.com/in-house www.incisiveelearning.com/crn For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com www.clickzacademy.com I www.incisive-training.com/in-house crn.incisivelearning.com www.clickzacademy.com
APPLIED FINANCIAL MATHS
Interest Rate and Financial Maths Recap Estimated duration: 45 minutes Price: £120
This course reviews the key mathematical concepts which underlay the fixed income and interest rate derivative markets. Its sister course is Time Value of Money. By the end of this course, you will have: calculated par, zero and forward interest rates reviewed the normal market practice of day count and compounding conventions assessed the usefulness of continuous compounding in the financial market
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
APPLIED FINANCIAL MATHS
Stochastic Processes: An Introduction Estimated duration: 30 minutes Price: £120
This course describes how the probability theory and stochastic processes can be used to help analyse share price and foreign exchange markets. It introduces a number of important topics in the field of stochastic mathematics. It assumes knowledge of basic statistics such as the topics covered by the Basic Statistical Concepts e-Learning course. Before starting this course, you should be familiar with a few concepts: random variables probability probability distributions expectation and standard deviation of a probability distribution
In the course, you will learn how a stochastic process can be formally described, how it can be mathematically modelled, and some interesting properties of stochastic processes that can be used to categorise them. For example, you will learn what formal properties distinguish the motion of a smoke particle from the price movement of a share.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
APPLIED FINANCIAL MATHS
Time Value of Money Estimated duration: 60 minutes Price: £120
This course reviews the key mathematical concepts that are required in the fixed income and other financial markets where it is necessary to compare returns received over different time periods. The concept of time value of money is one of the foundation stones for all the financial markets. The course covers: Basic Concepts Annuities and Perpetuities Compounding Choosing Between Investments
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
CREDIT
Corporate Credit Analysis Estimated duration: 85 minutes Price: ÂŁ120
This course reviews the process of analysing the likely future profitability or otherwise of a company. It covers the importance of the business cycle to the profitable operation and provides a model to structure a quantitative analysis of a company’s operations. The different types of business unit are contrasted and the different risks associated with them. The course assesses several models to help structure the analysis and reviews the qualitative factors involved in the analysis, and illustrates the construction and usefulness of a SWOT analysis. The course concludes by providing a structure for a full ratio analysis, based on the DuPont Analysis framework.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
CREDIT
Corporate Failure Estimated duration: 60 minutes Price: £120
This course provides the tools to allow identification of potential problems for a company at an early stage. Some of the models, both quantitative and qualitative that can help provide early warning signals are explained and their advantages and disadvantages are highlighted. Since lenders are crucial to the future existence of a company, the course looks at the situation from a banker’s perspective. By the end of this course, you will be able to: list the key insolvency procedures assess the options and select a strategy to minimise losses by lenders appreciate the implications of declining operating cash flow distinguish between the accountancy and the banking methods differentiate between liquidation and bankruptcy describe the key procedures that a company goes through compare the UK and US procedures list the key steps in turning round a company identify the personal agendas of different parties involved in solving the problems compare different options and choose the most attractive
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
CREDIT
Corporate Valuation Estimated duration: 2 hours Price: £120
This course extends the principles of project evaluation to the calculation of the intrinsic value of a complete company, showing how the Capital Asset Pricing Module (CAPM) can be used to calculate the Net Present Value (NPV) and the importance of capital structure. The course starts by looking at the different approaches to valuing a company and the respective merits of each. It looks at shareholder value and how economic value is added. It finishes by covering the impact of taxation on the company’s value. The course covers: Dividend Discounting Earnings Valuation Shareholder Value Value Drivers Corporate Value Risk-Free Interest Rate Capital Asset Pricing Model Economic Value Market Value Impact of Capital Structure Impact of Taxation Adjusted Present & Discount Value
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
CREDIT
Finance for the Non-financial Manager Estimated duration: 60 minutes Price: £120
This course helps non-financial managers understand the key aspects of the primary financial statements, the importance of cash management and how to interpret the financial health of a business. The course includes: An Introduction The Primary Financial Statements The Accounting Equation The Balance Sheet Summary The Income Statement The Importance of Cashflow Management Interpretation of Financial Information Liquidity and Gearing
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
CREDIT
Financial Statement Analysis Estimated duration: 45 minutes Price: £120
Financial Statement Analysis is an important skill not just for lending bankers, but for any organisation or person who could lose money should a company give poor performance. This course provides the core skills that are necessary to be able to understand the information provided in the Annual Report, and to draw conclusions from this on the likely future performance of a company. In particular, the course covers the basic accounting principles on which financial statements are based and lists the other sources of information available. The format of, and information contained in the Annual Report are explained and the procedures for restating this data in a standardised spreadsheet is illustrated. Special attention is paid to the importance and construction of the cash flow statement. By taking this course, you will: understand the key UK accounting principles on which financial statements are based have identified and defined the key elements in a company’s financial statements appreciate some of the decisions that are required which can make similar companies’ accounts appear different from each other construct a standardised spreadsheet to facilitate further analysis
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Credit Derivatives Estimated duration: 75 minutes Price: £120
This course allows users to change the profile of the risks they are facing. The course looks at the various structures that are frequently found in the markets – credit default swaps and credit spread options. In particular, the course highlights: key market terminology the roles of the parties in credit derivatives transactions common structures and their usage legal issues and documentation By taking this course, you will be able to: list key factors which affect the pricing of credit default swaps appreciate the importance of default rates and joint default probabilities discover the information required to establish expected recovery and credit migration rates calculate spreads, default probabilities and expected recoveries explain the Jarrow Turnbull Model
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Credit Derivatives: Pricing Estimated duration: 60 minutes Price: ÂŁ120
This course reviews the key characteristics of credit derivatives, breaking the cost of a credit derivative down into its constituent parts and valuing them separately to show how arbitrage will affect the price. The course covers both conventional and more complex structures. Default probabilities are covered including the rate and the eventuality of a joint default. It also references credit support ratings. Credit mitigation and expected recovery are discussed to show how these will affect pricing. There are examples of spread calculation, default probability and expected recovery. Finally the Jarrow Turnbull valuation model is explained.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: An Overview Estimated duration: 25 minutes Price: £120
The aim of this course is to provide an overview of derivative instruments and the markets in which they are traded. The course reviews the key risks involved in international trading and investing, and highlights those that can be hedged through the use of derivatives (such as market or credit risk) and those that cannot (for example, political or regulatory risks). The rationale behind the use of derivatives as both hedging and trading instruments is thus explained. In addition, the course provides an overview of how the market operates the role of the different players. By the end of this course, you will be able to: highlight the key risks to which a company is exposed differentiate between foreign exchange translation and transactions risk explain the concepts of linearity, non-linearity, certainty and uncertainty explain the rationale behind derivative instruments describe the different derivative products; futures, options and swaps
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Asset Swaps Estimated duration: 30 minutes Price: £120
This course explores the structures and uses of asset swaps and how they compare with liability swaps. The factors involved are explained through the use of an example of an asset swap linked to a bond issue, and how to determine a bond price from an asset swap target. The different use of swaps is also explored and how these instruments can be used to synthesise holding a particular asset. Hedging risk is examined as well as the impact and importance of arbitrage in determining the price of an asset swap. The course also shows how a market for a specific credit can be accessed through the use of asset swaps, and how these can also be used to manage cash flows. Four aspects of asset swap packages are covered: Synthetic securities Pricing adjustments Advantages over investor swaps Repackaged securities
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Caps, Collars and Floors Estimated duration: 30 minutes Price: £120
This course looks at the functions of caps, collars and floors, the construction of a collar to reduce the price of a floor or cap, the products with embedded caps and/or floors, calculating settlement amounts, and the factors that will affect the valuation. By the end of this course, you will be able to: describe the functions of and relationships between caps, collars, floors and swaps list factors that will affect the valuation understand the motivations of the buyers and sellers explain how caps and floors work list when compensation should be paid or received construct a collar to reduce the price of a floor or cap list the key terminology for settlement of caps, collars and floors calculate when a floor, cap or collar will pay out and how much will be paid list the elements which affect the valuation of these products
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Complex & Exotic Options Estimated duration: 90 minutes Price: £120
This course explains the characteristics and working of some of the more frequently met complex structured products and exotic options. The four basic option trades are combined into simple trading and/or hedging strategies. The strategies covered include strangles, straddles as well as call and put spreads. By taking this course, you will be able to: describe the key characteristics and uses of the following types of complex options: Compound options, Barrier options, Lookbacks, Binary options, Average rate options and Basket options define and construct strategy trades differentiate between long and short strangles understand the differences between long and short call and put spreads
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Currency Swaps Estimated duration: 40 minutes Price: £120
The aim of this course is to highlight the important aspects of the currency swap market and the uses of this product. This includes comparing currency swaps with interest rate swaps, constructing swap solutions and describing cash flows. By taking this course, you will be able to: identify the three principle kinds of currency swaps: currency
swap (fixed for fixed)
cross
currency coupon swap (fixed for floating)
cross
currency basis swap (floating for floating)
explain how currency swaps involve an exchange of principle at the end of the transaction describe how basis cross currency swaps can be of use to investors, issuers and as part of a corporate’s treasury function understand how swaps can be used in Asset & Liability Management describe the distinct target markets for currency swaps including: debt
issuers who can achieve more favourable rates by issuing debt in foreign currency
liability
managers seeking to create synthetic foreign currency liabilities
investors
who wish to purchase foreign assets but seek to eliminate foreign currency
exposure managers
who wish to hedge a currency exposure (either on an asset or a liability)
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Exotic Swaps Estimated duration: 50 minutes Price: £120
This course looks at the characteristics and some of the more frequently met non-standard swaps, looking at their uses and both advantages and disadvantages. By the end of the course, you will be able to: differentiate between the different types of non-standard swaps list the uses of Overnight Indexed Swap (OIS) as a benchmark highlight the benefits of OIS to different parties in the market describe the characteristics, uses and benefits of swaps forward start, differential, quanto and inflation-linked swaps A general knowledge of the basic characteristics of swaps is assumed in this course.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Futures Estimated duration: 20 minutes Price: £60
This course looks at the underlying rationale for equity derivatives and specifically the use of equity futures contracts. The course then explores the mechanics of the futures market, the importance of the basis and trading strategies using equity futures contracts. This course includes: Futures Contracts - An Overview Margins - Currency Futures Bond Futures Equity Index Futures
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Options Estimated duration: 50 minutes Price: £120
This course provides a basic introduction to options and explains the terminology, structure, uses and pricing of options. By the end of this course, you will be able to: explain what an option contract is describe options and their underlying instruments describe long and short calls and puts appreciate the roles and intentions of the players, both buyers and sellers construct a profit and loss as well as time value profiles for a long call, short call, long put and short put calculate the profit and loss for various positions in these transactions itemise the advantages and disadvantages of option positions for different market participants describe the impact of using options as hedging instruments explain how to use options as speculative instruments distinguish between the operations of the Over The Counter and exchange-traded markets list the key underlying products used for options, in particular: describe
the uses and terminology for currency options
explain
how interest rate guarantees operate
explain
how bond options can be used for long-term interest rate protection
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Swaps Estimated duration: 90 minutes Price: £120
This course looks in detail at the swaps market, its uses and benefits, and the settlement procedures involved. By the end of this course, you will be able to: understand the different types of swaps, including interest rate swaps, currency swaps, equity swaps and commodity swaps describe the payment conventions for swaps explain the development of the swaps market from the first IBM/World Bank swap to today’s swap market making understand the development of bank intermediation and the emergence of the swap bank explain how swaps are quoted and traded understand the operation of a swap bank and the rationale for swap market making give a detailed description of how a swap can change the borrowing profile and a company’s cost of funding recognise terminology and key dates for both the fixed and floating side of the swap describe in detail the settlement procedures for swaps including what happens on each refix and payment date calculate the exact amounts to be paid/received as well as the cost/benefit of entering into the swap describe the split of responsibility between the different operational sections within the organisation for settlement of the swap explain the benefits of using swaps from both a borrower’s and investor’s perspective describe how cashflows can be transformed for hedging purposes construct a swap to lock-in interest rate gains on fixed-rate debt describe the uses and benefits of off-market swaps explain the uses of basis swaps and the relevant dealing terminology construct a swap to trade the yield curve
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Derivatives: Swaptions Estimated duration: 50 minutes Price: £120
This course introduces the fundamental structure and uses of swaptions. The factors which affect the price and pricing calculations are explained. By the end of this course, you will be able to: differentiate between the key types of swaption (American, European and Bermudian) and the differences with forward swaps appreciate which types of need they satisfy and how they operate describe the key features of swaptions and how they operate list the key benefits and the advantages and disadvantages of swaptions over straight swaps appreciate what swaptions are used for understand how they are quoted online list the key factors involved in the pricing of swaptions use an interest rate tree to project forward factors and value European swaptions calculate the valuation of a Bermudan swaption explain the fundamentals of using an interest rate tree to project forward factors define the various measures used to quantify the sensitivity of a swaption premium, eg Basis Point Value, Delta, Gamma, Theta and Vega
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Equity Derivatives: The Products Estimated duration: 60 minutes Price: £120
The aim of this course is to review the derivative instruments that are available in the equities market. It looks at the characteristics of the instruments in general and their particular relevance to the equities sector. The products covered include futures, swaps and options. By the end of this course, you will be able to: explain the basics of equity derivatives in particular futures, options and Equity Index-Linked (EIL) swaps describe the mechanics of trading futures, options and swaps and the relevant settlement procedures and cash flows list the key players in the market and describe their functions such as investors/traders/arbitrageur, exchanges and their clearing house, regulators highlight the fundamental reasons for using equity derivatives: alternative to investment, hedging and leverage explain why futures contracts in general and equity futures in particular are of interest differentiate between stock index futures and universal futures list the different products equity index swaps can be based on explain the key terms used in this sector of the market construct a transaction to allow investment in a stock market without owning the actual shares calculate the cashflows to be paid/received under different circumstances explain how to use EIL swaps to hedge against volatile movements in the equity market list the risks when using EIL swaps as a hedge or as a market maker
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Equity Derivatives: Trading Strategies Estimated duration: 60 minutes Price: £120
This course reviews the different types of spread trades and looks at constructing spreads to undertake direction strategies. It also covers the differences between straddles, strangles and butterflies along with the strategies which can be used to trade volatility. By the end of this course, you will be able to: describe the different types of spread trades explain the construction and uses of ratio call and put spreads understand why straddles are the most aggressive combinations and why they suffer the greatest losses differentiate between straddles, strangles and butterflies construct butterflies by combining long (or short) straddles and short (or long) strangles appreciate the different strategies which can be used to trade volatility explain how an option investment can outperform a stock investment both in rising and falling markets appreciate the importance of the special curved call option profile identify the impact on option positions of both a rising and falling market explain how a call option out-performs a fixed stock position and construct a long volatility portfolio describe what the out-performance provides in both falling and rising markets
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Foreign Exchange (FX): Exotic Options Estimated duration: 80 minutes Price: £120
This course explains the uses of exotic FX options and describes the characteristics of particular ones. It also covers strategies to hedge underlying positions and the rationale behind position-taking strategies. The harmonisation of investment regulation throughout the European Economic Area is laid down in the directive known as MiFID. This course looks at the key elements of the directive and the impact it has on investment. In particular, this course reviews the: scope of the regulations, including those imposed by the Financial Services Authority provisions for ‘passporting’ and the services that can be treated in this way distinction between the core and ancillary services main exemptions from MiFID requirements impact on systems and controls rule book and conduct of business relevant duty of care required for different classes of client: retail, professional and eligible
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Foreign Exchange (FX): Options Estimated duration: 150 minutes Price: £120
By the end of this course you will be able to apply generic knowledge to understand the specific products designed for the currency markets. In particular, you will be able to: explain option arbitrage and the relationship between risk reversals measure the volatility of FX options and the impact on their pricing manage risk and volatility through the use of the Greeks construct FX option arbitrage transactions
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
DERIVATIVES
Option Valuation Estimated duration: 80 minutes Price: £120
This course provides a review of the key factors which affect the pricing of options and the main models used. The course considers the impact on the Greeks of both time and other changes, as well as looking at bond options models and assumptions. It is assumed that you are already familiar with the basics of options and their terminology. By taking this course, you will be able to: describe the Greeks which measure the change in the value of options given changes in individual factors. The Greek letters represented are Delta, Gamma, Theta, Vega and Rho identify various option pricing models including Black-Scholes, Binomial Approach and Forward Pricing price bond options, in particular:
list the problems with using Black-Scholes models
describe three alternative valuation models
explain how a callable or putable bond is valued
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
ECONOMICS
Macroeconomics Estimated duration: 1 hour 45 minutes Price: £120
This course looks at the economy, how to measure it and how governments attempt to change economic cycles to improve the wealth of the population. By the end of this course, you will know: how National Income is calculated by measuring an economy’s output, expenditure or savings the difference between personal, disposable and transfer income how economic cycles impact on employment what fiscal policy is, how it can be implemented and the repercussions for different policies the differences between the Keynesian model, crowding-out model, Neo-Classical model and the supply-side model the different measures of money supply and the mechanics of affecting the money supply using Open Market Operations appreciate the impact of government monetary policy on the economy There is a difference of opinion between the activists and non-activists on whether macro-economic policy should be counter-cyclical. Therefore, this course also looks at: the importance of getting timing right when implementing counter-cyclical policies the impact of anticipatory expectation or rational expectations in both the long and the short term
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EQUITIES
Equity Valuation Estimated duration: 60 minutes Price: £120
This course helps non-financial managers understand the key aspects of the primary financial statements, the importance of cash management and how to interpret the financial health of a business. The course includes: An Introduction The Primary Financial Statements The Accounting Equation The Balance Sheet Summary The Income Statement The Importance of Cashflow Management Interpretation of Financial Information Liquidity and Gearing
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FINANCIAL MARKETS
Alternative Investments Estimated duration: 1 hour 40 minutes Price: ÂŁ50
This course provides an introduction to alternative investments. The range of products and practices usually included under this banner are described, including commodities, emerging markets investments, private equity, structured products and hedge-fund strategies. The key elements and characteristics and return profiles are described, as well as their use within a traditional portfolio or investment strategy.
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FINANCIAL MARKETS
Commodity & Energy Markets Estimated duration: 2 hours 10 minutes Price: £120
This course reviews the trading of the key commodity derivatives and the energy market. In particular, the course: identifies the key products and sectors of the UK and European energy markets reviews the operation of the spot market for energy products differentiates between forward and futures contracts, and looks at the underlying characteristics of these products for oil, natural gas, electricity and coal describes various trading strategies such as strip trading including contract and calendar strips as well as spread strategies (eg crack, spark and frac spreads) reviews the structure and benefits of price swaps describes the key characteristics and uses of options, as well as reviews the basic option theory for energy products
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FINANCIAL MARKETS
Corporate Finance Estimated duration: 90 minutes Price: £120
The term corporate finance is used to mean many things and in this course we are using it in the context of efficient management of a company’s finances and capital structure. A knowledge of financial statement analysis, equity and corporate valuation as well as fixed income assessment is assumed throughout this course. By the end of this course, you will have: reviewed the constitutes of cost of capital listed the key features of capital budgeting assessed optimal capital structures seen the impact of different dividend policies reviewed the key fundamentals of forecasting
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FINANCIAL MARKETS
Global Markets Estimated duration: 30 minutes Price: £120
In this course you look at the overall structure of the market place in which we operate. By the end of the course, you will be able to: understand the key characteristics of ‘good’ markets and identify the difference between primary, secondary and national market places describe the key characteristics of the US, Tokyo and London stock exchanges compare the different methods of calculating indices and list the key indices in use today understand the basis for efficient markets hypothesis and its implications for different analysis techniques appreciate the changes that are likely to happen in the future as technology closes the physical and time-zone gaps between markets The course also considers the theory of efficient markets and compares the different forms of these.
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FINANCIAL MATHEMATICS
Basic Statistical Concepts Estimated duration: 75 minutes Price: £120
This course reviews the key statistical techniques used in the financial markets. The course starts with a review of the different ways of graphically displaying historical information, such as frequency distributions and histograms. It also contrasts the different measures of central tendency, concentrating on arithmetic mean, median, mode and percentiles. Measures of dispersion are explained such as absolute dispersion, variance, standard deviation and coefficient of variation. There is also a review of the basic concepts of probability and probability distributions. The course is particularly useful for someone who is new to the concept of quantitative analysis or has a basic understanding and would like to build on this. This course includes: Introduction to Statistical Concepts Frequency Distributions Basic Probability Measures of Central Tendency Measures of Dispersion
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FINANCIAL MATHEMATICS
Calculus Estimated duration: 60 minutes Price: £120
This course provides a foundation of skills and knowledge on calculus. Areas covered in this course include the concepts of differentiation and integration as used with polynomial, exponential and logarithmic functions. Other topics include multiple integrals, unconstrained and constrained optimisation as well as the techniques finding and classifying stationary points for functions of one or more variables. This course takes an academic approach to the subject and assumes an existing knowledge of basic mathematical concepts. This course includes: Integration Multiple Integrals Optimisation Differentiation Approximation By taking this course, you will be able to: construct and use Taylor approximations understand the concept of integration integrate polynomial, exponential and logarithmic functions and be able to apply the rules of integration evaluate simple double integrals
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FINANCIAL MATHEMATICS
Linear Mathematics Estimated duration: 45 minutes Price: £120
This course covers the topics of matrices, vectors, transformations, determinants and inverses of square matrices and quadratic forms. It also provides an overview of Cholesky decomposition. The course will be particularly useful for someone who is new to the concept of quantitative analysis or has a basic understanding and would like to build on this. This course includes: Matrices and Vectors Quadratic Forms, Eigenvectors and Eigenvalues Applications: Principal Components and Cholesky Decomposition Transformations, Determinants and Inverses
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FINANCIAL MATHEMATICS
Managing Data Estimated duration: 1 hour 30 minutes Price: £120
The aim of this course is to explain the methods for, and potential problems with assessing the characteristics of samples as a proxy for the whole population. Having identified the advantages and disadvantages of different methods of sampling such as random, systematic random and stratified sampling, the course lists the steps of hypothesis testing and the interpretation of null and alternative hypotheses. The course reviews hypothesis testing, covariance, correlation and the use of the standard error, as well as regression analysis, the calculation and interpretation of the regression coefficient and the use of confidence intervals. This course will be particularly useful for someone who is new to the concept of quantitative analysis or has a basic understanding and would like to build on this. This course includes: Linear Regression Sampling Data Hypothesis Testing Correlation Analysis
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FIXED INCOME
Convertible Bonds Estimated duration: 1 hour 40 minutes Price: ÂŁ120
This course covers the different types of Convertible Bonds and the differences between them. It also looks at the benefits and disadvantages to both issuers and investors and the key valuation yardsticks for convertibles. You will be able to assess callable convertibles and calculate key measures in assessing them.
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FIXED INCOME
Fixed Income: An Overview Estimated duration: 75 minutes Price: £120
This course covers the key characteristics and relevant terminology for different types of bond. It also shows the key risks which affect the valuation of bonds and describes the key government-related instruments traded in the US and UK markets, along with the different types of Floating-Rate Note. This course includes: Types of Bond Risks US and UK Markets Floating Rate Notes Separate Trading of Registered Interest and Principal Securities (STRIPS)
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FIXED INCOME
Fixed Income: Valuation Estimated duration: 45 minutes Price: £120
This course covers the basic maths of bond yields and bond valuation variations. It also looks at the price-yield relationship, the benchmark yield spread, as well as variants of yield to maturity measures. By the end of this course, you will be able to: understand the basic maths of bond yields list the different approaches for valuing bonds from the market and the investor’s viewpoint appreciate the rationale behind the different bond valuation variations explain the price yield relationship list the variants of yield to maturity measures understand how to deal with uncertain cashflows By taking this course, you will also be able to compute the benchmark yield spread including: absolute yield spread relative yield spread yield ratio list the factors which can affect spread
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FIXED INCOME
Fixed Income: Volatility Estimated duration: 45 minutes Price: £120
This course covers the importance of Price Value of a Basis Point (PVBP), duration and convexity as measures of interest rate sensitivity. It also looks at the limitations of these measures and how convexity can be used to choose between different bonds. The course also differentiates between Macaulay’s and modified duration. By the end of this course, you will be able to: appreciate the convexity of the price and yield relationship explain the limitations of the duration and modified duration calculations recognise when convexity is the correct volatility measure to use calculate convexity of bond use convexity to help choose between different bonds describe the relationship between duration and coupon, maturity and yield appreciate the impact of duration drift
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FOREIGN EXCHANGE
Foreign Exchange (FX): The Markets & Players Estimated duration: 80 minutes Price: £120
This course covers the different regimes used to manage exchange rates as well as the effect of economic policy on the rate. Purchasing Power Parity is explained in this course and its relevance as an indicator of long term rates is examined. The course ends by reviewing the market players and their roles. By the end of the course, you will be able to: understand the regimes that dictate the conduct of currencies interpret the effect on currency values of changing economic fundamentals calculate the ‘true’ value of one currency in terms of another purchasing power parity
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FOREIGN EXCHANGE
Foreign Exchange (FX): Trading Estimated duration: 90 minutes Price: £120
In this course, market conventions for quoting foreign exchange prices are explained, as well as forward foreign exchange prices, exploring both the market practice and the mathematics behind the price adjustment. FX swaps use the same principles but their use and the market conventions are dealt with in more detail in this course, and ends by examining and comparing the different methods for predicting FX rates. By the end of the course, you will be able to: navigate your way through the foreign exchange two-way quotation methodology calculate a forward price from first principles understand the motivations of different types of trader be aware of the structure and uses of FX swaps comprehend the different forecasting tools used in FX trading
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FUND MANAGEMENT
Structured Products: An Introduction Estimated duration: 70 minutes Price: £120
This course is designed for those new to the area of Structured Products. It starts with a consideration of the key elements that define structured products, lists their key uses and identifies the additional risks they may carry. It then continues to compare structured with securitised products, describing the key characteristics of collateralised products and Currency Linked Notes (CLN). Some of the most common structures are described, such as capital protected and tracker bonds. The course concludes with a review of the most popular structures of interest and exchange linked notes. This course includes the following sections: What are Structured Products?: provides a definition, risks from different structures, key elements in the creation of structured products Securitised vs Structured Products: looks at links between securities and structured products, key characteristics of collateralised products, construction of a simple CLN Standard Structured Products: explains products designed specifically for retail investors Interest and CLN: uncovers the usefulness of constant maturity rates, key elements of different structures, main features and variations on currency linked notes
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HUMAN RESOURCES
Carrying Out Effective Appraisals Estimated duration: 60 minutes Price: £50
This course takes you through the different stages you need to follow in order to carry out effective appraisals, and ensures that you are aware of the procedure at each point. By taking this course, you will: understand the nature and benefits of performance appraisals discover the benefits of appraisals - for the employee, manager and the company know how to prepare for an appraisal and maximise the benefits of the appraisal exercise learn how to structure an appraisal: starting the interview, what should be involved in the body of the interview and how to end the interview find out how to give constructive feedback: know when and how to praise and encourage the employee, and when and how to communicate criticism learn when to meet for a follow up review, what you should discuss and what new objectives to set
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HUMAN RESOURCES
Dealing with Capability Issues Estimated duration: 60 minutes Price: £50
This course takes you through the different stages of how to deal with capability issues and ensures that you are aware of the following procedures: taking steps to prevent under-performance from the outset establishing initial facts about the issue (conduct vs capability) conducting a formal investigation deciding on the most appropriate way to proceed inviting the employee to a capability hearing holding the capability hearing adjourning the capability hearing deciding upon appropriate action to be taken communicating the decision to the employee if necessary, conducting an appeal hearing carrying out informal performance reviews during the formal review period The course then covers additional points to consider such as acting promptly, keeping records, complying with the company’s procedures and the Advisory Conciliation and Arbitration Service Code of Practice, honoring contractual entitlements and using appropriate communication skills.
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HUMAN RESOURCES
Dealing with Disciplinary Issues Estimated duration: 60 minutes Price: ÂŁ50
Disciplinary issues are not a comfortable area for many managers. This course provides guidelines to follow for dealing with disciplinary issues. It goes through the ten steps of the disciplinary process from the initial fact-gathering investigation to a potential appeal hearing. The additional points considered cover the records needed and how they should be kept, the necessity to comply with company procedures and the Advisory Conciliation and Arbitration Service Code of Practice.
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HUMAN RESOURCES
Dealing with Flexible Working Requests Estimated duration: 60 minutes Price: £50
This course explores in detail the seven steps to dealing with flexible working requests: what types of flexible working requests there are checking the employee’s eligibility to request flexible working inviting the employee to a flexible working meeting - when to arrange this and what to discuss holding the flexible working meeting - how the manager should approach the meeting from beginning to end deciding whether or not to accept the employee’s request - what the manger should consider from the meeting and what their options are communicating the decision to the employee - when the manager should notify the employee of their decision, how to tell the employee when accepting or rejecting the flexible working request conducting an appeal hearing if necessary The course then moves onto the checklist for effective handling of flexible working requests.
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HUMAN RESOURCES
Dealing with Grievance Issues Estimated duration: 60 minutes Price: £50
There are a number of steps when dealing with a grievance and this course will go through each of the following stages in detail: resolving the grievance informally what to do if the employee raises a formal grievance inviting the employee to a grievance hearing holding the hearing and investigating the grievance deciding upon the outcome of the grievance communicating the decision to the employee conducting an appeal hearing (if necessary) general principles of dealing with grievances
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HUMAN RESOURCES
Dealing with Long-term Absence Estimated duration: 60 minutes Price: £50
This course explores in detail how managers should deal with long-term absences. By taking this course, managers will be able to: define long-term absence find out how to achieve the management of an employee’s absence proactively with the prime aims being to support the employee and facilitate his or her return to work as soon as possible Learn the following procedures when managing long-term absence: holding
the initial meeting
how
and when to obtain a medical report from the employee’s doctor
avoiding keeping
disability discrimination
in contact with the employee
dismissal
on grounds of ill health
preparing
for the employee’s return to work
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HUMAN RESOURCES
Dealing with Unauthorised Absence Estimated duration: 60 minutes Price: £50
This course explores the two types of unauthorised absences. 1. Dealing with absence without leave: what to do if the employee fails to turn up for work sending the employee a letter inviting them to a disciplinary hearing taking appropriate action if the employee makes contact or returns to work prior to the disciplinary hearing holding the disciplinary hearing what to do if the employee does not turn up to the disciplinary hearing holding the rearranged disciplinary hearing communicating decisions to the employee conducting an appeal hearing (if necessary) 2. Dealing with non-genuine sickness absence: what to do if the employee is seen/reported to be behaving in a way which suggests their sickness absence is non-genuine whilst on sick leave considering suspending the employee upon his/her return to work conducting a formal investigation deciding on the most appropriate way to proceed following the company’s formal disciplinary procedure
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HUMAN RESOURCES
Managing Persistent Short-term Absence Estimated duration: 60 minutes Price: ÂŁ50
A satisfactory attendance at work is essential for the effective and efficient operation of any business. High absence rates from employees negatively affect customers, colleagues, and ultimately the efficiency and productivity of the business. This course explores how companies should seek to maximise employees’ level of attendance at work whilst recognising that employees will, from time to time, be unable to attend work. The course also provides, in detail, 8 steps to managing persistent short-term absence.
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HUMAN RESOURCES
Managing the Maternity Process Estimated duration: 60 minutes Price: £50
This course takes you through the different stages of managing the maternity process. It ensures that you are aware of what procedures to follow when an employee advises you that she is pregnant. Arranging a meeting with the employee to discuss her rights and responsibilities such as time off for antenatal care and employee benefits Carrying out a health and safety risk assessment on the employee Sending a letter of acknowledgement Receiving the employee’s MAT B1 certificate Arranging a meeting prior to the employee’s maternity leave to discuss arrangements whilst they are away When the employee goes on maternity leave The employee notifies you that the baby has been born Writing to the employee to confirm expectations in relation to her return to work such as change of return date, flexible working requests, and sickness at end of maternity leave Ensuring arrangements are made for the employee’s return to work The employees returns to work; returning to work during Ordinary Maternity Leave (OML), returning to work during/at end of Additional Maternity Leave (AML) Carrying out a return to work induction and risk assessment
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HUMAN RESOURCES
Managing the Paternity Process Estimated duration: 60 minutes Price: ÂŁ50
This course explores the two different types of paternity leave: Ordinary Paternity Leave (OPL) and Additional Paternity Leave (APL). 1. Managing the Ordinary Paternity Leave Process: in this section, you will learn the processes involved when the employee advises you that they intend to take OPL, the eligibility for OPL, formal notification requirements and the selfcertification form. The course then ensures that you are aware of the procedures you should follow. 2. Managing the Additional Paternity Leave Process: in this section, you will learn the processes involved when the employee advises you that they intend to take APL. The course ensures that you are aware of the procedures you should take such as eligibility for APL, formal notification requirements, meeting with the employee to discuss their rights and responsibilities and sending a letter of acknowledgement. The course then finishes with additional guidance that includes flexible working requests, failure to return to work, overseas adoption and the death of the child’s mother or primary adopter.
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MONEY MARKETS
Derivatives Forward Rate Agreements (FRAs) Estimated duration: 25 minutes Price: £50
This course looks at what FRAs are as well as the market jargon. It also explains how FRAs can be used for hedging and speculation and how to calculate rates under FRAs. Additionally, it covers the risks involved with different positions. The course includes: FRAs – An Introduction FRAs –Timeline Who Benefits from this Product? Advantages of FRAs Use in Hedging FRA Documentation
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REGULATION & COMPLIANCE
Bribery & Corruption Estimated duration: 40 minutes Price: £50
Toolkit Price: £150
The UK’s new Bribery Act came into force 1 July 2011 introducing specific offences, for which the personal and corporate implications of getting it wrong could be devastating. Although the regulations do not apply just to the finance world, bribery is a crucial consideration for banks, and the regulators are looking for the highest ethical standard. This course therefore looks at the key implications of the Act for banks and bank employees. After completing this course, you will be able to: define bribery describe some of the high-profile cases which led to changes in the UK law understand the key elements of the Bribery Act which came into effect in 2011, including bribing another person, receiving bribes and bribing foreign public officials appreciate the repercussions of getting it wrong define facilitation payments
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REGULATION & COMPLIANCE
Bribery Act Toolkit
Toolkit Price: £150
The Bribery Act toolkit is a comprehensive commercial legal product, designed to guide your organisation through Bribery Act compliance and aid in the implementation of relevant bribery prevention procedures. The toolkit comprises: an anti-corruption and bribery policy a comprehensive and user-friendly guidebook compliance checklist designed specifically to assess whether your organisation’s anti-bribery procedures are adequate, proportionate and compliant practical advice in the form of recommended actions and useful schedules containing key information a ‘memorandum to the board of directors’ - clearly explaining the issues, highlighting the specific risks faced and recommending appropriate prevention procedures template letters communicating your organisations stance on bribery and the policies and procedures it has in place. These can be sent out internally and externally, allowing you to effectively communicate your position to all ‘associated persons’.
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REGULATION & COMPLIANCE
Capital Adequacy Regulations Estimated duration: 60 minutes Price: ÂŁ50
Robust regulation helps build investor confidence and this course looks at the underlying requirements imposed on all firms in the international financial markets. The course reviews the historical development of the current regulations from the Basel Committee to highlight the reasoning behind them. Following a brief introduction to Basel I and an outline of its omissions, the three pillars of Basel II are reviewed in more detail, together with the different approaches to measuring credit and operational risk in that accord. The course then concludes with a review of the broadening of the risks to cover trading book and market risk in 2009 – commonly referred to as Basel 2.5, and the latest changes incorporated in Basel III following the banking crises in 2007-9. The final section of the course looks in particular at the European situation, and reviews how the BIS recommendations have been incorporated into the EU Capital Adequacy Directive.
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REGULATION & COMPLIANCE
Combating Money Laundering & Terrorist Financing Estimated duration: 60 minutes Price: £50
In this course you will learn about the scale of the money laundering problem and the steps that are being taken, nationally and internationally, to combat it. You will find out more about the money laundering offences and the processes by which money laundering can take place. You will also learn about the basis of your obligation to report suspected money laundering, the tipping off offences and how these will affect you in practice. You will learn about the UK’s anti-terrorism laws, some features of terrorist financing, and what you should do if you form any suspicions relating to terrorism. In order to know when you need to make a money laundering report, you need to be able to recognise suspicious activity. Hence the course teaches you a number of red flags that enable you to spot suspicious activities. After completing this course, you will be able to: understand the implication of the legislation for you and your company and the duties it incurs define the three stages of money laundering: placement, layering and integration understand client identification procedures that form a key defence against being used by money launderers
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REGULATION & COMPLIANCE
Conduct of Business: Client Relationships Estimated duration: 25 minutes Price: ÂŁ50
This course provides an overview of the regulatory aspects of client relationships. A Financial Services Authority (FSA) regulated firm’s relationship with its clients is shaped by high-level principles such as Treating Customers Fairly (TFC) and detailed rules which are found in The FSA Handbook. Firms must abide by these principles and rules at all times. Not only does the course look at the principles and rules, but it also considers the legal and regulatory sanctions that may be taken against a firm if they are breached.
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REGULATION & COMPLIANCE
Conflicts of Interest Estimated duration: 30 minutes Price: £50
Ensuring that you manage conflicts of interest appropriately and fairly is one of the eleven Financial Services Authority ‘Principles for Businesses’, and is an important topic for all firms. When a firm has, or may have, a conflict of interest between itself and its customers, or between one customer and another customer, it is important to pay due regard to the interests of each customer and manage the conflict fairly. This course is broken into three sections: Section 1 - An Introduction: three key categories of conflict that can arise different approaches to management conflicts specific areas of regulatory interest, particularly investment research and personal account dealing background regulations Section 2 - How to identify and manage conflicts: who is responsible for identifying and managing conflicts? the variety of ways that they can be managed the importance of disclosure and Chinese walls as tools to help in preventing conflicts the potential penalties for breaching the regulations the physical, cultural and technical aspects of controls Section 3 - Case studies By the end of the course, you will be aware of where conflicts of interest may arise in your specific area of the industry.
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REGULATION & COMPLIANCE
Data Protection Act (DPA) Estimated duration: 25 minutes Price: ÂŁ50
Organisations have a legitimate need to collect and use personal data in the course of their business. The DPA protects this information from misuse, limits the data gathered and restricts how it is used. It applies to those who hold the information and gives individuals certain rights concerning it. If you handle information about customers, employees or other individuals, you must meet the requirements of the DPA as to how you hold and process this information. This course begins with explaining the purpose of the Data Protection Act, defines the key terminology used within and describes the key requirements of it. The next section of the course will clarify what the DPA means by personal information and outline the role of the Information Commissioner’s Office (ICO). The course concludes by listing the Data Protection Principles and applying them to practical situations.
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REGULATION & COMPLIANCE
Fraud & Market Abuse Estimated duration: 30 minutes Price: £50
All companies are required to have adequate procedures to combat potential fraudulent action and market abuse by their employees, for which the penalties can be quite severe. The key systems that should be present in companies are outlined in this course. In particular, the course: lists the key elements of the Fraud Act 2006 explains why people commit fraud and reviews some of the potential instances of fraud explains the importance of reporting suspicions and the repercussions for not doing so lists the key benefits of a ‘whistleblowing’ procedure and the elements that need to be resent explains the key elements of the Market Abuse Directive, in particular what exactly constitutes market abuse, ie insider dealing and market manipulation defines inside information and highlights the impact of insider dealing and conflicts of interest, describing the types of behavior that might be deemed market manipulation
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REGULATION & COMPLIANCE
Markets in Financial Instruments Directive (MiFID) Estimated duration: 25 minutes Price: £50
The harmonisation of investment regulation throughout the European Economic Area is laid down in the directive known as MiFID. This course looks at the key elements of the directive and the impact it has on investment. In particular, the course reviews the: scope of the regulations, including those imposed by the Financial Services Authority provisions for ‘passporting’ and the services that can be treated in this way distinction between the core and ancillary services Main exemptions from MiFID requirements impact on the systems and controls rule book, and conduct of business relevant duty of care required for different classes of client retail, professional and eligible This course includes: Background and Scope of MiFID The Main Exemptions for Firms Capital Requirements Directive Transparency Systematic Internalisers Transaction Reporting Proposed Changes
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REGULATION & COMPLIANCE
Treating Customers Fairly (TCF) Estimated duration: 30 minutes Price: £50
TCF is an important paradigm for today’s market. It is something we all agree with, but in today’s regulatory environment it is necessary to prove that it is being complied with. This course not only defines TCF but also lays out the regulatory requirements imposed on all companies. In particular, the course: describes the commercial benefits of implementing an effective TCF policy highlights how TCF can be implemented and embedded in an organisation explains the six outcomes required by the regulators considers particular problems posed in different areas In addition, case studies relevant to different areas of the financial world are included, which highlight the practical implications of implementing TCF.
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RISK MANAGEMENT
Asset & Liability Management Estimated duration: 60 minutes Price: ÂŁ120
This course reviews the importance of Asset and Liability Management and the role of the treasurer, as well as the other interested parties or stakeholders. It highlights the various aspects of risks that might be encountered and the methods of controlling them, including simulation techniques. The importance of Asset and Liability Management is outlined in shaping a business to meet targets for the return on capital and the processes involved, in particular simulation techniques.
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RISK MANAGEMENT
Bank Risk Management Estimated duration: 30 minutes Price: £120
This course looks at the way banks manage the risks they take to ensure this is relative to the potential returns that they might achieve. The course consists of two sections: Section 1 - An Overview: charts the driving factors which have led to the current importance being placed on the correct risk management processes within banks identifies the key risks that banks face describes the internal systems that are in place in most banks to ensure that risk management is acceptable Section 2 - Asset and Liability Management: defines Asset and Liability Management distinguishes between assets and liabilities describes the key sources of funds for a bank and how the return to providers is paid describes the key elements of funding gaps
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
RISK MANAGEMENT
Credit Risk Estimated duration: 1 hour 45 minutes Price: £120
The aim of this course is to review some of the most popular models used to quantify credit risk. The factors and calculations covered include recovery rate distributions, the Merton and KMV models. The uses and structures of credit derivatives to minimise credit risk is explained and the importance of Risk Adjusted Return On Capital (RAROC) and economic capital allocation highlighted. In addition, the credit perspective of settlement risk and netting systems are considered. By taking this course, you will be able to: identify the elements that constitute credit risk and appreciate the regulatory measures calculate risk from an actuarial perspective as well as exposure and expected loss list the key measures used by rating agencies and understand correlation and transition matrixes appreciate the importance of netting in the reduction of settlement risk understand the different approaches such as Merton model and measures such as RAROC This course includes: Measuring Credit Risk External Credit Assessment Institutions (Ratings Agencies) Actuarial and Accounting Methods Exposure, Loss and Credit Migration Settlement, Risk and Netting Credit Risk Models
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
RISK MANAGEMENT
Market Risk Estimated duration: 1 hour 30 minutes Price: £120
The aim of this course is to review the key elements of risk measurement, market risk in particular. The traditional measures of market risk are explained and the drawbacks to using linear models highlighted. The course considers the benefits of Value at Risk (VaR) as a measure and the importance of covariance and how both of these can be used to ensure capital is used efficiently. By the end of this course, you will be able to: list the key elements of market risk highlight the drawbacks to using linear models explain the benefits of VaR as a measure appreciate the importance of covariance appreciate the considerations of historic and implied volatility explain volatility smiles and sneers stress test and form limits This course includes: Introduction to VaR Covariance and Portfolio VaR Approaches to Calculating VaR Applications
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
RISK MANAGEMENT
Operational Risk Estimated duration: 45 minutes Price: £120
The aim of this course is to review the key elements of Operational Risk and describe the factors that need to be taken into account when setting up Operational Risk Management techniques. Different definitions of Operational Risk, including GARP, are introduced and the various approaches to Operational Risk are compared including the use of in-house and off-the-shelf systems. The impact of risk mitigation techniques is also assessed. The course also describes the stages involved in setting up a risk management process, highlighting the usefulness of RAROC and economic capital allocation impact of Operational Risk as well as the requirements for an Enterprise-wide Risk Management (ERM) process. This course includes: Operational Risk Typologies Risk Management Processes Economic Capital Allocation
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
REQUEST A QUOTE
Licences COST PER COURSE PER USER
1
2
5
10
25
ALL
10
£48
£38
£31
£23
£20
£15
25
£35
£33
£30
£22
£16
£12
50
£30
£29
£28
£20
£15
£12
100
£25
£23
£20
£15
£13
£10
250
£13
£11
£10
£9
£8
£5
500
£8
£7
£6
£5
£4
£3
1000
£6
£5
£5
£5
£3
£3
NO. OF COURSES
Learning Management System Risk LMS - Free Branded LMS on which courses are hosted - £2,000 In-House Course Price on application (approximately £5,000 - £15,000) and dependent on:
• research required • length of course • number of tutors • location/extent of travel Branding of Existing Courses £1,000 for the first course, and £500 for each subsequent course. Bespoke Course Development Price on application (approximately £5,000 - £15,000) and dependent on:
• research required • source of content • tutor recruitment • level of interactivity Customisation Any course can be customised. This can range from a simple introduction to company specific case studies. Customisation is charged at a day rate of £500, with most changes being possible with 2 days of work. Webinar From £4,000 per hour of training. After broadcast, the webinar will be available for view for 3 months.
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk
BESPOKE COURSES
Whenever there is a precise training need that is not covered by our course library it is possible to produce a bespoke course. By developing courses in this way it is possible to ensure that we meet the organisation’s exact training need.
Development Process:
ivery Del
Develo p C ou rs
ine utl eO
ards Devel op rybo o t Co tS nt n e
s ctive bje gO in
t en
Agre eL ea rn
Liase with SME
Pr es
Style options and costs for one hour of e-learning: Text only £2,000 Flash and animation £3,500 Video and audio £4,500 Material Sourced by Risk Training £1,000 - £5,000
For more information: +44 (0)20 7004 7485 I rob.saunders@incisivemedia.com I www.incisiveelearning.com/risk