About this Course

The workshop is a foundation level risk management course which provide participants with a practical insight and macro understanding of market risks. And how the movement in market prices of foreign exchange, interest rate, commodity prices etc. affects corporate operations and ultimately, its bottom line profit. 

It should be especially useful for those in corporate finance, treasury and risk management.

Objectives

Upon completion of this workshop, participants will be able to;

• Have an overview of global financial markets and Corporate Risk Management
  
• Learn how market risks can be identified and managed efficiently using different financial instruments
  
• Learn the various approaches to stimulation and valuation of market risks
  
• Understand the basic derivative products offered by financial institutions
  

Target Audience

This workshop is beneficial for anyone who have keen interest and wishes to gain an insight into risk management.

Duration

Two days

Curriculum

Overview of Global Financial Markets

• How Global Financial Markets Structures have Evolved Since Lehman Crisis
  
• Government / Central Bank’s Policy Role and How are they Reshaping the Financial Markets
  
• Overview of Foreign Exchange Market, Interest Rate Market and Commodity Market
  
• Before and After the Lehman Crisis, the Development of Global Currencies versus Asian Emerging Markets Currencies
  

Overview of Corporate Risk Management (Enterprise Risk Management - ERM)

• Basic ERM Infrastructure: Concept and Evolution of ERM
  
• Risk Management at Corporate, Strategic Business and Project Levels
  
• Sources of Risks/Type of Risks, Creating Value from Risk Taking/ Risk Hedging and Risk Management Process
  
• Common Approaches to ERM by Organisations
  
• CAS Framework, AIRMIC Framework and COSO Framework of Identification of Risk and Enterprise Management Objectives, Assessing Risk and Managing Risks
  
• Principal Strategies and Methods and Finally Monitoring Risks
  
• Risk Management and Corporate Governance
  
• Concept and Theoretical Perspective of Corporate Governance (Agency Theory, Transaction Cost Theory Etc.) and Concept / Components of Risk Governance (Roles and Responsibilities, Organizational Structure and Policies / Procedures).
  

Overview of Market Risks in Corporate Context

• What is Market Risks, Types of Market Risks and How Does It Affect Corporate Operations and Bottom Line Profit
  
• How Does the Structural Change in Financial Markets Affects Market Risks and in Turn its Impact on Corporate Operations
  

Measuring Market Risks in Corporate Context

• Various Approaches to Simulation (e.g. Historical versus Monte Carlo) and Valuation (Sensitivities versus Full Valuation) of Market Risks;
  
• VAR (Value at Risk): Definition and Implementation
  

Managing Market Risks in Corporate Context

• Conventional Instruments versus Derivative Instruments
  
• What Is Derivative Instruments
  
• Origins of the Markets, Size of the Market, How They are Traded and Their Application to Corporate Market Risks Hedging
  
• Basic Derivative Products Offered by Financial Institutions
  
• Key Features of FX Products, Interest Rate Products, Commodity Products
  
• Other Considerations
  
• Tax, Accounting, Legal, Documentation and Operations
  

Case Studies

• Market Risk Management for an Aircraft Leasing Company
  
• Market Risk Management for a Company IPO
  

Methodologies

This course is learner-centred and active participation by attendees are highly encouraged.  Case studies are used to ensure understanding and reinforce concepts.

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