Rss M3 FRM Risk Manangement GARP Part 1 Place financière, contexte et obligations professionnelles Marchés, finance et produits financiers Retail Banking Private Banking Organismes de placement collectif Finance et produits alternatifs Fiscalité, successions et planification fiscale Risk Management Certifications A la carte Compliance Comptabilité, analyse bilans et contrôle de gestion Back-Office Accueil et vente Assurances Professionels du secteur financier Formations Risk Management A la carte M3 FRM GARP Part 1 ObjectivesIndexIntroductionStructure and contentsAudience and objectivesExamsLanguageDates and registration feesVenueRegistration and contacts This 5-day master course is designed for a target audience of persons specializing in the field of finance and/or risk management: risk managers, treasurers and traders, risk analysts, portfolio managers as well as all those who are interested in this subject. Participants in the seminar are asked to provide a curriculum vitae covering their academic background and work experience. They should have had prior exposure to quantitative methods, derivatives and fixed income markets. At a minimum, they should have taken the equivalent of an investment class in a conventional MBA programme.The purpose of this five-day seminar is to provide an overview of advanced techniques in financial risk management. It will cover market risk, investment risk, credit risk, operational risk, and integrated risk management, as well as complex issues facing risk managers in financial institutions. MARKET RISK Introduction to market risk – Risk measurement methods, Value at Risk (VAR), stress tests, liquidity risk Advanced risk models: Univariate – VAR methods (Delta-normal, historical simulation, Monte Carlo simulation), mapping, copulas Advanced option models – Implied volatility, volatility swaps, convertible bonds Mortgage-backed securities – Prepayment risk, option adjusted spreads, securitization, tranching, collateralized mortgage obligations INVESTMENT RISK Portfolio risk management – Risk and performance management, risk budgeting, VAR tools (marginal, incremental and component VAR) Hedge Fund risk management – Hedge Fund strategies, issues with transparency, liquidity risk CREDIT RISK Introduction to credit risk – Drivers of credit risk Measuring actuarial credit risk – Measuring default risk from default rates and recovery rates Measuring credit risk from market prices – Using bond prices and stock prices, structural (Merton) models Credit Exposure – Assessing current and potential credit exposure on bonds and derivatives Credit Derivatives and Structured Products – Credit default swaps, collateralized debt obligations, tranching Portfolio credit risk model – Pricing credit risk, measuring portfolio credit risk, measuring expected and unexpected credit risk, commercial models (e.g. CreditMetrics) OPERATIONAL and INTEGRATED RISK Operational risk – Approaches, assessment and management Integrated risk management – Measuring economic capital, benefits of enterprise-wide risk management The Basel risk charges – Basel I, II, and III charges against credit, market and operational risks Standardised approach, Internal Models Approach (IMA) Worldwide the FRM® examination offered by GARP (Global Association of Risk Professionals) is a major milestone in each Risk Manager’s career.For several years now, IFBL and PRiM jointly organize high-caliber training programmes designed to provide optimal preparation to those who aspire to register for one or both of the GARP examinations which take place twice a year – in May and in November. Candidates will first have to complete and pass the FRM® Exam Level 1 in order to register for Level 2.IFBL and PRiM have updated their offer and propose the following courses:• FRM® Level 1 under the leadership of Prof. Georges Hübner and Dr. Luc Neuberg. Besides the principal 5-day seminar one optional preparatory session and one optional mock exam session are on offer;• FRM® Level 2 under the leadership of Prof. Philippe Jorion.M' FRM Mathematics, Probabilities & StatisticsThe 1-day seminar is an optional training programme preparing for the subsequent course M3 FRM Risk Management Level. It is designed for a target audience of persons wishing to specialize in risk management but whose quantitative and statistical background needs to be completed or refreshed as well as all those who are interested in this subject.view course outline M3 FRM RISK MANAGEMENT LEVEL 1Principal SeminarThis 5-day master course is designed for a target audience of persons specializing in the field of finance and/or risk management: risk managers, treasurers and traders, risk analysts, portfolio managers as well as all those who are interested in this subject.Participants in the seminar should have had prior exposure to quantitative methods. At a minimum, they should have a preliminary knowledge in derivatives and fixed income markets.Ideally, participants whose quantitative background is not sufficient will follow the previous preparation day “M’ FRM Mathematics, Probabilities and Statistics”. Participants who do not register for the M’ preparatory course are asked to provide a short curriculum vitae covering their academic background and work experience.Course outline:1. Foundations of Risk Management1.1 Market efficiency and asset pricing models (advanced level – see Global Revision Seminar for an introduction)1.2 Performance measurement and attribution1.3 Risk management principles and failures2. Capital markets2.1 Options (advanced level – see Global Revision Seminar for an introduction)2.2 Fixed-income securities (advanced level – see Global Revision Seminar for an introduction)2.3 Fixed-income derivatives2.4 Equity, currencies & commodities markets (advanced level – see Global Revision Seminar for an introduction)3. Numerical Analysis (applications to option pricing)3.1 State pricing (application to financial binomial trees)3.2 Brownian motions and Itô processes (application to financial price processes)3.3 Estimation of volatilities and correlations (application to volatility term structures)3.4 Monte Carlo simulations (application to interest rate forecasting)4. Risk modeling and management4.1 Linear Value-at-Risk (application to market, credit and operational risk)4.2 Nonlinear Value-at-Risk (application to bonds)4.3 Interest rate risk (application to duration hedging)4.4 Credit risk (application to credit risk migration risk)4.5 Risk management of derivatives (application to convertible risk)4.6 Stress testing and scenario analysis M' FRM Risk Management Mock ExamThis 1-day drill session enables the participants to solve a realistic mock exam in-class, with the same real-time constraints as in the actual Level I FRM exam. A thorough correction session immediately follows to provide fresh and comprehensive feedback.In order to make the session fully profitable, participants must have reviewed the material corresponding to the Level I exam and have tried to solve the in-class exercises during the M3 FRM Risk Management seminar.A complete mock exam will be distributed to seminar participants at the start of the session.The full correction with references to readings or syllabus will be distributed after the administration of the mock exam.view course outline The 5-day master course is designed for a target audience of persons specializing in the field of finance and/or risk management: risk managers, treasurers and traders, risk analysts, portfolio managers as well as all those who are interested in this subject. Participants in the seminar should have had prior exposure to quantitative methods. At a minimum, they should have a preliminary knowledge in derivatives and fixed income markets.Ideally, participants whose quantitative background is not sufficient will follow the previous preparation day “M’ FRM Mathematics, Probabilities and Statistics”. Participants who do not register for the M’ preparatory course are asked to provide a short curriculum vitae covering their academic background and work experience.There is no exam for the course M3 FRM Risk Management Level 1.Candidates wishing to take the FRM® Exam administered by GARP (Global Association of Risk Professionals) have to register directly with GARP (www.garp.com).This training programme is only available in English.The dates of the next training sessions will be published on this page as soon as they are known. ModuleDatesFees (+3% VAT)M' FRM Mathematics, Probabilities and Statistics29/4/2011EUR 375.-M3 FRM Risk management Level 12 - 6/5/2011EUR 1.875.-M' FRM Risk Management Mock Exam7/5/2011EUR 375,- The courses take place at the Training Center of LSC/IFBL, in the premisses of the Chamber of Commerce in Luxembourg.Adress:7, rue Alcide de GasperiL-1615 LuxembourgRegistrationTo register for this training, please take the following steps:1) download the registration form below and fill it inRegistrations on a private basis:If your registration is accepted, IFBL will send you payment instructions to your address. Your registration will be final upon receipt of the registration fees by IFBL.Registrations on a professional basis (via your employer):If your registration is accepted, IFBL will send the invoice to your employer.2) send the form back to IFBL - by fax: (+352 46 50 19)- by mail (B.P. 13, L-2010 Luxembourg)- by e-mail (scan form and send it to customer@ifbl.lu)Registration deadline:Applications for the complete programme have to be submitted at the latest 2 weeks prior to the beginning of the course.Conditions for cancellationRegarding our cancellation policy, please read our General Conditions or refer to the FAQ.Contact the InstituteFor further questions related to this training programme, please contact our Customer Service by e-mail (customer@ifbl.lu) or by phone (46 50 16-1). Inscription fermée Contactez-nous Imprimer
