The Certificate of Bank Treasury Risk Management

The Certificate of Bank Treasury
Risk Management
The Global Standard in Bank Asset-Liability Management
Founded by Professor Moorad Choudhry A Message from
the Course Founders
Welcome to the world’s first practitioner-developed and
practitioner-orientated professional qualification in bank
asset-liability management, the Certificate in Bank Treasury
Risk Management, the BTRM. We have designed it to be a
leading-edge programme for those working in bank balance
sheet risk management, be they in Finance, Risk or Treasury.
This brochure contains full details on the BTRM syllabus, together
with information on Lifelong Learning, BTRM Masterclasses and
the Alumni Programme. All the lectures are also delivered via
live streaming, making the BTRM a truly global qualification.
The BTRM Faculty is comprised of both respected
academics and highly experienced practitioners, enabling
us to deliver a seamless combination of best-practice in
business and robust intellectual rigour. At the same time the
programme is dynamic and moves with the latest changes
in financial markets. This enables students to be at the
forefront of developments in bank risk management.
Obtaining the BTRM is a solid demonstration of continuing
professional advancement and one that will keep both
you and your employer ahead of the competition. We are
confident of the high quality and practical value of the BTRM.
It is a privilege to be able to bring this programme to you.
Contents
Introduction1
Your BTRM Journey
2
BTRM Course Textbooks
3
Programme Delivery
5
Course Syllabus
6
The BTRM Faculty
8
Full Certification & Accreditation
14
Course Venue
17
FAQ18
Registration form
Professor Moorad Choudhry FCSI FIFS FIoD
Course Founder
Neil Fowler
Course Director
Join our BTRM group on
@THEBTRM
19
Introduction
The Certificate in Bank Treasury Risk
Management (BTRM) is a six-month part-time
course designed to empower individuals
working in, or intending to work in, every
aspect of bank risk management and assetliability management (ALM). The BTRM
is unique in being the only professional
qualification for bank Treasury, Finance and
Risk professionals that covers every aspect of
bank ALM and liquidity risk management. The
strong emphasis of the course throughout is
on practical relevance and equipping students
with the tools and techniques used by banks
in the real world. The BTRM is a careerenhancing professional qualification.
Asset-liability management is the core discipline in
banking, and one that must be mastered by every
bank, irrespective of its operating model or product
suite. The post-crash Basel III environment emphasises
a strong adherence to conservative principles of
capital and liquidity management – the traditional
role of the Treasury function in a bank. Obtaining the
BTRM provides students not only with a recognised
professional qualification demonstrating excellence
in the Treasury space, it is also a sign of genuine
commitment to excellence in risk management.
BTRM is practitioner led, developed and orientated,
and enables students to acquire an advanced-level
understanding on the core process of bank ALM
governance and liquidity risk management. Practitioners
will be able to apply best-practice techniques to measure
ALM risks and formulate strategies for management
of these risks at their employing institutions.
Benefits
Gold standard Treasury, Finance
and Risk professional qualification
•B
TRM is a graduate-level professional qualification,
internationally renowned and a solid demonstration
of individual commitment to career development
Qualify from anywhere in the world
•S
ix-month part-time global programme delivered
twice a year
•A
ll lectures streamed live over the Internet and
recorded. Lectures can be viewed at any time
•S
tudy while working: career-enhancing qualification
that can be taken worldwide
Practitioner orientated
• BTRM delivers learning of practical
value, developed and taught by highly
experienced practitioners
Expert teaching and support
•T
he BTRM Faculty, led by Professor Moorad
Choudhry, is an acclaimed team of instructors
combining respected academics and renowned
practitioners, all specialists in the field of
bank ALM and Treasury risk management
Lifelong learning
• BTRM alumni benefit from continuous
education and an always expanding
professional development programme
•B
TRM alumni membership enables access
to all materials, books, lectures, webinars
and masterclasses in perpetuity
Start Date: Wednesday 22nd April 2015
FORMAT: 1 live lecture per week over 22 weeks,
3 hour lecture (streamed live globally)
TEACHING HOURS: 66 (22 weekly lectures x 3 hours)
TOTAL LEARNING HOURS: 301
LOCATION: Central London / Streamed live globally
Internet-based student-faculty forum and seminars.
This is a truly global qualification with weekly worldwide
interaction via webeX during lectures.
All lectures will be recorded and stored on a
personalised candidate’s area.
www.btrm.org
1
BTRM Journey
Attend
MODULE ONE
Find out more about the BTRM by attending one
of our live information sessions or webinars
Bank balance sheet risk management
Meet the Faculty
• Open Evening: Wednesday 25th March 2015 at 16:00,
in the City of London
• Discuss course details
• Live webcasts available
• Recorded session available at btrm.org
MODULE TWO
ALM operating model and governance
MODULE THREE
Apply
Strategic ALM and financial markets
Apply online or via the registration form
and the Admissions Team will confirm
acceptance within 3 working days
Prepare
The BTRM programme begins with a primer
on bank balance sheet risk, which kicks off the
lecture programme and enables all students
to get up to speed on the introductory aspects
of bank asset-liability management.
MODULE FOUR
Bank liquidity risk management
MODULE FIVE
Bank capital management
Students will also receive the full set of course materials
and textbooks before the start of the programme.
Learn
The examined part of the BTRM programme comprises
five modules or varying length. Each module covers
a different but inter-related aspect of bank ALM and
Treasury risk management, and consists of lectures,
on-line seminars and the student-faculty forum.
Students are required to take an on-line test
at the end of each module and obtain at least
60% in order to gain the formal Award in that
module. After completion of Module 5 students
sit a 3-hour unseen written examination.
A pass mark of 60% is set for the exam and students
obtaining this will receive the Certificate. A mark
of 80% confers the Certificate with Distinction.
DIPLOMA MODULE
Optional dissertation project, satisfactory completion
of which confers the award of the Diploma in BTRM
LIFELONG LEARNING
Alumni lectures: frequent lectures and
webinars are arranged for BTRM Alumni,
recorded and added to your portal
MASTERCLASSES
A series of lectures looking deeper into
specific technical issues, including lectures
from the Founder Professor Moorad
Choudhry and other City professionals
2
www.btrm.org
Candidates Treasury Senior Management
Heads of ALM / Money Markets
Asset-Liability Committee
(ALCO) membership
Finance Senior Management
Risk Senior Management
Heads of Balance Sheet
Management
Liquidity Managers
Liquidity stress testing
Balance Sheet Managers
Academic backgrounds
Funds Transfer Pricing
Treasury consultants Regulators in the liquidity
risk space
Policy analysts in central banks
Product controllers
ALM Managers
Internal Auditors
Operational risk management
Capital stress testing
ICAAP and ILAAP submission
Economics
Business Studies
Mathematics
Physics
Finance and Accounting
Banking and Finance
Business management
International business
Management studies
Economic history
Social sciences
BTRM Course Textbooks
Students receive the following core
texts for use in the course:
Bessis, J., Risk Management in Banking,
3rd edition, Chichester: John Wiley & Sons 2010
Choudhry, M., The Principles of Banking,
Singapore: John Wiley & Sons 2012
Choudhry, M., Bank Asset and Liability Management,
Singapore: John Wiley & Sons 2007
Baig, S., Choudhry, M., The Mechanics of
Securitization: A Practical Guide to Structuring
and Closing Asset-Backed Security Transactions,
Hoboken, NJ: John Wiley & Sons 2013
Choudhry, M., An Introduction to Value-at-Risk,
5th edition, Chichester: John Wiley & Sons 2013
Choudhry, M., Moskovic, D., and Wong, M.,
Fixed Income Markets, 2nd edition,
Singapore: John Wiley & Sons 2014
Choudhry, M., Global Repo Markets,
Singapore: John Wiley & Sons 2004
Choudhry, M., Analysing and Interpreting the
Yield Curve, Singapore: John Wiley & Sons 2004
www.btrm.org
3
4
www.btrm.org
Programme Delivery
The BTRM is at the forefront of interactive online learning, which enables students from
anywhere in the world to enrol on the programme. We offer a high quality interactive tablet
and comprehensive learning portal giving 24-hour access to all the lectures and study
materials in perpetuity.
LIVE LECTURES
RECORDED CORE
LECTURES
ANNOTATED CLASS
NOTES
PORTAL:
All classes are recorded and placed
on the BTRM portal. Every student
is provided with their own online
account enabling them to access:
REAL-WORLD EXERCISES
AND CASE STUDIES
SAMPLE TEMPLATES AND
SPREADSHEET MODELS
AD HOC WEBINARS
LIFELONG LEARNING
LIBRARY
DEDICATED BTRM FORUM
www.btrm.org
5
Course Syllabus
Pre-course module: Banking primer
The BTRM programme begins with the single lecture banking primer, covering all the core principles of bank
balance sheet risk management. The primer has been designed to ensure all students start the course with the
necessary entry-level understanding of bank ALM and the role of the Treasury function.
1. Primer on bank business model, financial statements and regulation – Lecturer: Moorad Choudhry
Module One: Bank balance sheet risk management
We introduce the key tenets of bank ALM and proceed to delve in depth into the tools, techniques and principles
available that students must be familiar with if they are to manage ALM strategy for their bank. We assess and
analyse key risk and performance metrics including NII/NIM, and also present best-practice principles of interestrate and FX hedging.
2. Asset-Liability Management I: strategic ALM and balance sheet management – Lecturer: Moorad Choudhry
3. Asset-Liability Management II: products, interest rates, NII/NIM and FX – Lecturers: Moorad Choudhry
and Gino Landuyt
4. Basel III capital and liquidity rules – Lecturers: Ed Bace and Chris Westcott
5. ALM trading and hedging principles I: Money markets – Lecturers: Moorad Choudhry and Peter Eisenhardt
6. ALM trading and hedging II: Banking Book interest-rate risk management – Lecturers: Moorad Choudhry
and Ed Bace
Online multiple-choice test to obtain Award in this module.
Module Two: Bank ALM operating model and risk management governance
An essential ingredient in sound ALM structure is the effectiveness and efficiency of the Treasury operating
model. This module presents business best-practice recommendations for the target operating model and the
management and operation of the bank’s asset-liability committee (ALCO).
7. Treasury Target Operating Model and reporting line – Lecturers: Moorad Choudhry and Polina Bardaeva
8. Asset-Liability Management III: The ALCO ToR / charter – Lecturers: Moorad Choudhry, Jamie Paris
and Graeme Wolvaardt
9. ALCO and sub-committee organisation and governance – Lecturers: Moorad Choudhry and Chris Edwards
Online multiple-choice test to obtain Award in this module.
Module Three: Strategic ALM and financial markets
Module Three reviews in depth the operation of the bank within the wider capital and financial markets. We review
market instruments, the use and application of securitisation for balance sheet management and wider stakeholder
concerns including how a bank should undertake its recovery and resolution planning. We also run through the
process of obtaining a formal credit rating.
10. Capital market disciplines for bank issuers (AT1, T2, Secured, Unsecured) – Lecturer: Peter Eisenhardt
11. The mechanics of securitisation for balance sheet management – Lecturer: Suleman Baig
12. Recovery and Resolution Planning – Lecturers: Moorad Choudhry and Bruce Walker
13. Investor relations and the credit rating process – Lecturers: Moorad Choudhry and Ed Bace
Online multiple-choice test to obtain Award in this module.
6
www.btrm.org
Module Four: Bank liquidity risk management
Module four is perhaps the most arcane and technical, and yet easily up there with the most important, of all the
BTRM modules. It covers all aspects of liquidity risk management and how this vital function should be carried out
in order to ensure continuous through-the-cycle survivability. Related topics such as yield curve construction and
stress testing, an essential part of the Basel III regulatory regime, are covered in depth.
14. Liquidity risk management I – Lecturers: Moorad Choudhry and Jamie Paris
15. Liquidity risk management II: risk metrics and limits; collateral management and XVAs
– Lecturer: Moorad Choudhry
16. Liquidity risk management III: optimum liabilities strategy and managing the liquidity buffer
– Lecturers: Moorad Choudhry and Jamie Paris
17. Internal funds pricing (“FTP”) and funding policies – Lecturer: Engelbert Plassmann
18. Analysing and constructing the bank’s yield curve – Lecturer: Polina Bardaeva
19. Liquidity reporting and stress testing, and ILAAP – Lecturers: Moorad Choudhry and Chris Westcott
Online multiple-choice test to obtain Award in this module.
Module Five: Bank capital management
The final module covers capital management, capital planning and capital strategy. The role of the CFO and
Treasurer in this regard is examined in detail. We also present guidelines for the policy template process, where
the student will learn about the latest developments in business best-practice and how these are brought to a
particular committee such as ALCO.
20. Capital management I: capital structure and planning, and ICAAP – Lecturers: Moorad Choudhry, Ed Bace
and Chris Westcott
21. Capital management II: capital strategy – Lecturers: Moorad Choudhry and Ed Bace
22. Principles of policy documentation: liquidity and capital – Lecturers: Moorad Choudhry
and Graeme Wolvaardt
Online multiple-choice test to obtain Award in this module.
Examination
Following one week allocated for revision, in Week 24 students will sit a formal 3-hour closed book written
examination. The exam is held in London for UK students and in an appropriate local centre for overseas students.
The pass mark is 60%, with those achieving 80% being granted a pass with Distinction. The Choudhry Prize is
awarded to the highest-performing student in the Cohort.
Diploma Module
The Diploma is an optional stage of the BTRM following award of the Certificate. It consists of an 8,000-word
student dissertation, the successful submission of which confers the designation Dip. BTRM. Students first submit
their dissertation proposal and once approved the project will involve 300 hours of self-directed learning.
Teaching hours: 66 (22 weekly lectures x 3 hours). Total learning hours: 301 (including 235
hours self-directed learning). Equivalent to 30 credits
www.btrm.org
7
The BTRM Faculty
BTRM Designer
and Founder
Moorad Choudhry
Professor Moorad Choudhry is at the Department of
Mathematical Sciences, Brunel University. He is also
Honorary Professor at Kent University Business School
and Visiting Teaching Fellow at the Department of
Management, Birkbeck, University of London.
Moorad has over 25 years experience in investment
banking in the City of London and was latterly Treasurer,
Williams & Glyn plc at The Royal Bank of Scotland. Prior to
that he was Head of Treasury at RBS Corporate Banking,
Head of Treasury at Europe Arab Bank, Head of Treasury
at KBC Financial Products and vice-president in structured
finance services at JPMorgan Chase Bank.
At KBC FP Moorad led the team that designed, originated
and structured Picaros Funding LLP, the world’s first multiSPV synthetic asset-backed funding vehicle, and later
winner of the Euromoney Structured Finance Deal of the
Year award for 2005.
Moorad is a Fellow of the Chartered Institute for Securities
& Investment, a Fellow of the Institute of Directors and
a member of the Board of Governors of IFS-University
College. He is Editor of Review of Financial Markets,
and on the Editorial Boards of the Journal of Structured
Finance, Qualitative Research in Financial Markets,
International Journal of Economics and Finance and
American Securitization. He has authored over 20
textbooks on finance and banking.
Moorad is Founder of the Professor Moorad Choudhry
Scholarship at the University of Westminster, awarded
every 3 years to two undergraduate students at
Westminster Business School.
8
www.btrm.org
Abukar Ali
Abukar Ali is a financial engineering professional with extensive experience
in derivatives and structured finance. During a 14-year career at Bloomberg
LP he was responsible for developing a wide range of analytics capabilities,
including several well-known pages on the Bloomberg system used for FX
Options pricing and valuation.
Abukar holds the MSc in Mathematics and Statistics from Birkbeck,
University of London and is also the holder of the CQF and PRM
professional designations.
Edward Bace
Edward Bace is a finance professional specialising in credit
and liquidity risk. He is an advisor to the Chartered Institute for
Securities & Investment (CISI), where he is involved in professional
finance qualifications. He lectures at Middlesex University Business
School’s Accounting & Finance Department, teaching graduate and
undergraduate finance, banking and economics programmes.
Dr. Bace has been a banking and credit risk professional for
many years in New York and London, and served as Head of
Education for the CFA Institute in Europe, Middle East and Africa.
He serves on Academic Editorial Panels for the CISI and IISES,
and on PRMIA’s Ethics & Professional Standards Committee.
Edward has a University of Michigan PhD and a New York University
Business School MBA. He is a CFA and a Charter Member of the CISI.
Suleman Baig
Suleman Baig has over 17 years experience in investment banking, over half
of which has been in the securitisation and covered bond space.
Within the securitisation market, Suleman has executed a significant number
of transactions in variety of asset classes spanning four continents. He has
structured a number of market ‘firsts’ including the first ever South American
covered bond (Structured Finance Deal of the Year, Latin Finance 2012).
Suleman is a board member of the European Securitisation Forum. He is
currently responsible for Securitisation in the Investment Banking Division
of Goldman Sachs.
He is a graduate of the London School of Economics.
www.btrm.org
9
The BTRM Faculty
Polina Bardaeva
Polina Bardaeva graduated from Lomonosov Moscow State
University, Department of Economics in 2007 with a Masters degree
and obtained her PhD from the same institution in 2010.
During 2011-2014 she was Head of Internal Treasury at MTS Bank
in Moscow, currently she is Head of Group FTP at Sberbank.
Polina is on the faculty of Moscow State University (for its Masters
program) and has authored 16 publications on finance and economics.
Chris Edwards
Chris Edwards is Head of Treasury at FBN Bank (UK) Ltd. He has 40 years
experience in Treasury and Capital Markets.
His career began in the mid-1970s and since then he has carried out a
number of roles, including Stock Jobber on the London Stock Exchange,
head of a floor operation on the London Financial Futures Exchange, Head of
Gilt Trading at Credit Lyonnais, Head of European Government Bonds at IBJ,
Head of Government Bonds, Swaps, Swaptions and Options at Helaba and
Head of Proprietary Trading at VTB.
Chris is a Certified Technician and has been a member of the Society of
Technical Analysts since the mid-1980s.
Peter Eisenhardt
Peter Eisenhardt is an independent consultant based in London. He has
worked in treasury, money market trading, bond options trading, repo, credit,
and debt origination in New York, London, and Tokyo over a 30-year career at
Bank of America Merrill Lynch and J.P. Morgan.
Peter was voted by industry peers to Euroweek’s “Dream Team of the
Global Capital Markets” in 2004. He is past chairman of the International
Capital Markets Association Euro Commercial Paper Committee. Peter holds a BA from Wesleyan University and an MBA from
New York University. 10
www.btrm.org
Gino Landuyt
Gino Landuyt is a Partner at Trium Capital in London, with a special interest in
the peer to peer lending space.
Prior to that, he worked at Europe Arab Bank, ING Bank and KBC Bank in their
offices in Frankfurt, New York and London, building up an expertise in fixed
income, structured finance, securitisation, convertible bond arbitrage and
yield curve analysis.
Gino is the co-author of Capital Market Instruments: Analysis and Valuation,
3rd edition (Palgrave Macmillan 2009), and The Future of Finance: A new
Model for Banking and Investment (John Wiley & Sons, 2010).
He holds an MA in Applied Economic Sciences from the University of Antwerp
and a Financial MBA from St. Ignatius University in Antwerp.
Jamie Paris
Jamie Paris is the Regional Head of Liquidity Management (West) in Standard
Chartered Bank’s Asset & Liability Management (ALM) business, responsible
for planning and optimisation around the Bank’s Liquid Asset portfolio. As
part of these responsibilities, he provides thought leadership on how to
manage the Bank through regulatory changes and their implications on
liquidity risk management.
He re-joined Standard Chartered in 2012 after 2 years at the Royal Bank of
Scotland where he worked in Business Treasury, RBS Global Banking and
Markets. Prior to that Jamie was at Standard Chartered for 12 years where he
was Head of Regulatory Liquidity Reporting and COO ALM.
Jamie is a Fellow of the ACCA.
Engelbert Plassmann
Engelbert Plassmann is Director at Commerzbank’s Treasury
ALM department in Frankfurt. The department is responsible for
controlling structural liquidity risk including Liquidity FTP and covers
also regulatory developments relating to liquidity management.
Previously Dr Plassmann worked in several roles in former
Dresdner Bank’s risk department, including market risk
modelling and economic capital allocation.
Before entering banking in 2001, Engelbert pursued academic interests
and earned a doctoral degree in econometrics from University of
Constance, Germany.
www.btrm.org
11
The BTRM Faculty
Bruce Walker
Over a 32 year career in banking Bruce has acquired a wide range of
experience; including stints in front-line roles of relationship management,
leading the structuring and execution of tax deals and company sales,
aviation and shipping finance, big-ticket leasing and asset finance, and noncore disposal activity.
Latterly Bruce has worked within the Treasury environment, structuring and
executing large-scale balance sheet trades for secured funding and capital
optimisation purposes. His most recent role was as senior manager in the
embryonic Treasury unit for the RBS-divesting challenger bank, Williams and
Glyn plc, where he was involved in the whole range of treasury activities
building out the Bank’s Treasury function.
Chris Westcott
Chris has had over 30 years of experience in the banking industry, with the
majority of time spent in the field of treasury management.
He has held a range of senior positions in the Treasury functions of both
Nat West and RBS. These have included divisional ‘Treasurer’ roles and
various project assignments, such as leading the development of an inhouse securitisation capability and the integration of the ABN AMRO treasury
function post-acquisition.
More recently, in the lead-up to the implementation of CRD IV, Chris was the
Basel 3 Programme Director for RBS, accountable for over-seeing the groupwide set of projects to achieve compliance with the new regulations.
He is a graduate of Loughborough University of Technology, with a BSc in
Economics and Econometrics.
Graeme Wolvaardt
Graeme is Head of Market & Liquidity Risk Control at Europe Arab Bank plc
in London. In this role he is responsible for providing control oversight over
market and liquidity risk issues as well as coordinating and delivering the
firm’s ICAAP and Recovery & Resolution Plan.
Graeme worked in product control and finance for Standard Chartered,
Natwest Markets, CSFB, Commerzbank and Danske Bank before joining
Europe Arab Bank in 2001. Since joining the Arab Bank Group, Graeme has
worked in a senior capacity in a number of areas including Treasury, Product
Control, Finance and Risk.
12
www.btrm.org
Guest Lecturers
The BTRM is very privileged to be able to bring highly respected and esteemed practitioners and academics to
the programme to present guest lectures on issues of topical interest.
Past guests have included:
•P
rofessor Carol Alexander, Head of the Business and Management Department at the University of Sussex
and co-editor of the Journal of Banking and Finance
•P
rofessor Jessica James, MD, Head of FX Quantitative Solutions Group at Commerzbank AG
•V
alerie Maysey, Director Trading Risk Management at UniCredit Bank AG
•E
nrique Benito, Adjunct Professor at the Barcelona School of Management (Universitat Pompeu Fabra)
•S
tephen Laughton, Head of FIC Front Office Risk & Resource Optimisation, Commerzbank AG
•C
olin Johnson, Chairman of the UK ALM Association
Professor Enrique Benito
Valerie Maysey
Professor Jessica James
Professor Carol Alexander
www.btrm.org
13
Full Certification & Accreditation
CPD Certified
The CPD Certification Service was established in 1996 as the independent CPD accreditation
institution operating across industry sectors to complement the CPD policies of professional
and academic bodies. The CPD Certification Service provides recognised independent CPD
accreditation compatible with global CPD principles.
You will be able to receive up to 301 CPD points for completing this course.
www.cpduk.co.uk
Accreditation
The BTRM is accredited by The Financial Risk Institute.
The Financial Risk Institute (FinRisk) provides regulators and industry professionals with
a forum to shape the future in financial risk management, by creating avenues to provide
thought leadership on developing risk areas, discuss major risk policy matters, exchange
ideas and share knowledge, and build resources to support future development. Our
programme includes the FinRisk Young Professionals Journal, a quarterly publication building
thought leadership in risk management. FinRisk is represented globally by three regional
centers: in Washington DC for the Americas, London for the EMEA region, and Singapore for
the Asia-Pacific region.
Affiliates
CompatibL
CompatibL is a software integrator and consultancy specializing in CVA/FVA/PFE, limits, and
Basel compliance. CompatibL’s unique blend of expertise in quantitative and engineering
aspects of the project makes us an ideal partner for complex implementations involving
advanced Monte Carlo analytics and complex trade, market, and reference data. Our
customers are some of the most respected firms in the financial industry including 4 dealers, 3
supranationals, over 20 central banks, and 3 major financial technology vendors.
compatibl.com
TPG Software TPG Software is a 20 year old company specializing in Investments / Liabilities and Derivatives
Accounting for Depository Institutions in US. We have over 150 direct customers and more
than 5,000 depository institutions In North America & Puerto Rico use TPG as system of
record (via service bureaus). TPG is a Texas company and has a sub ledger accounting and
regulatory reporting solution for banks. We have a very cost effective and efficient tool
to account for banks investments, funding activity (repos, advances, etc.) and derivatives
(interest rate swaps, cap/floors futures, options)..as well as tools for risk monitoring including
shock testing, pre trade due diligence documentation, and impairments/OCI accounting.
14
www.btrm.org
Global Analytics Consulting
Global Analytics Consulting is a strategy, financial and economic development consulting
firm registered in Nigeria, and UAE, providing services since 2006 to private and public
sector organizations alike. The company’s activities is concentrated in sub-Saharan Africa,
where it has consulted and trained professionals from Nigeria, Uganda, Ghana and Kenya,
among others. GAC is one of the pioneers in deepening the financial space in this region,
with its initiatives in financial derivatives, fixed income markets, structured products and
market regulation. Some of its core clients include central banks, capital market regulators
and national governments. Commercial and Investment Banks within the region have also
subscribed to a number of our training programs over the years. Recently, GAC began the
process of acquiring a Ratings Agency licence, which will enable us to add more value to the
financial and intellectual space.
The Pinnacle Group
The Pinnacle Group International is a leader in the conference industry in Asia-Pacific,
designing and launching its own brand of conferences and events. We pride ourselves in
our ability to anticipate and read underlying socio-economic and investment trends in
emerging and developed markets, creating brands and events to capture these opportunities
and launching them with our clients and partners in both regional and international markets.
Our specialisms cover every aspect of banking and finance, from asset-liability management
to securitisation.
Our relentless pursuit of excellence in the business of connecting people and businesses
across nations is derived from our core beliefs in improving lives, welfare and status of
societies. We are committed to supporting charitable ministries and projects to the betterment
of human lives. Every year, our staff and management commit our time and resources to
global missions and charities.
Website: http://www.tpgi.org
Advanced Trainings
Advanced Trainings was established to support representatives of the financial industry
with constant knowledge and skills development. The main characteristics of our training
are professionalism and knowledge at the highest level. Many years of experience and
cooperation with experts from Poland and Eastern Europe allows us to respond quickly to new
needs and changes in the financial market.
Our aim is to deliver advanced, practical knowledge, organising training and conferences
that fully meet your expectations. We would like to support you in your development and
strengthen your competitiveness.
www.advancedtrainings.pl/home-eng
www.btrm.org
15
Full Certification & Accreditation
Quantifi
Quantifi is a specialist provider of analytics, trading and risk management solutions. Founded
in 2002, Quantifi has over 140 clients across 16 countries including 5 of the 6 largest global
banks, 2 of the 3 largest asset managers, leading hedge funds, pension funds, insurers,
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Frankfurt, Paris, New Jersey, and Sydney.
Quantifi re-invests significantly into research and development each year. We work closely
with clients, market experts, and industry participants to drive our products. Reflecting this
long term commitment, Quantifi has an unparalleled track record of being first-to-market
for all of the most significant innovations in the OTC markets including CVA, FVA and OIS/
CSA Discounting. Quantifi is also a leader in financial technology with early adoption of key
technologies that give our clients advantages in terms of speed, scalability, and usability
including being the first commercial native .NET analytics library and the first financial software
vendor to support the Intel TBB multi-core API.
www.quantifisolutions.com
Wiley
Over the years, financial professionals around the world have looked to Wiley and the
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allocation, and many other critical subjects, the Wiley Finance series provides the financial
community with information they want. Written to provide professionals and individuals with
the most current thinking from the best minds in the industry, it is no wonder that the Wiley
Finance series is the first and last stop for financial professionals looking to increase their
financial expertise.
www.wiley.com / www.wileyglobalfinance.com
Global Customer Profile
BTRM students have come from around the world and from across the banking, consulting and financial software
industries. Employing institutions have included Barclays Bank, UBS, Santander, Belfius, Sungard, KBC Group, FIH
Erhvervsbank, Qatar National Bank and TPG Software, with students coming from the USA, Western Europe, Middle
East and South-East Asia.
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www.btrm.org
Course Venue
Lectures are held in the heart of the City of London at the offices of the London Chamber
of Commerce and Industry.
The lecture suite is at:
London Chamber of Commerce and Industry
33 Queen Street
London
EC4R 1AP
England
+44 (0)20 7248 4444
www.londonchamber.co.uk
www.btrm.org
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FAQ
Should I attend the programme?
BTRM is a practitioner-orientated professional
qualification that will enhance the short-term and
long-term career prospects of anyone working in the
following fields: Treasury, Risk Management, Finance,
Capital Markets, Money Markets and Middle Office.
When will the BTRM commence?
Cohort 2 starts on Wednesday 22nd April 2015
How long is the course?
The examined part of the course takes place over 24
weeks, with the examination taking place at the end of
the course.
What is the fee & early bird structure?
BTRM fee: £5950.00 + UK VAT (20%) VAT is chargeable
for residents in the UK and EU. 20% Discount Before 16th
January 2015. 10% Discount Before 27th February 2015
Why consider the BTRM in preference to
ACCA, CFA, ACT or ACI qualifications?
The BTRM teaches in-depth actual practitioner
best-practice in the field of bank balance sheet risk
management. It addresses topics covered only lightly, if
at all, in other learning programmes including subjects
such as liquidity risk management, funds transfer pricing,
collateral management and the XVAs, to name but a few.
How do I access the live global
streaming lectures?
The live streaming will be available on Cisco WebEx,
you will be given weekly login access details.
What happens if I miss a lecture week?
All the lectures are filmed and are available for you in
your BTRM member’s area for the duration of the course.
What happens if I fail The BTRM?
Who should attend the BTRM?
You will have one chance to retake the final examination.
The BTRM Certificate of Bank Treasury Risk Management
will enhance the careers of the following:
Can I stagger my BTRM payments?
• Treasury Senior Management
• Heads of ALM / Money Markets
• Asset-Liability Committee (ALCO) membership
• Heads of Balance Sheet Management
• Senior Risk Management
• L
iquidity Managers
• Liquidity stress testing
• Balance Sheet Managers and Funds Transfer Pricing • Money Markets / Repo Traders
• C
ollateral management
• T
reasury consultant
• Product controllers
• Financial accountants
• Regulators in the liquidity risk space
• Policy analysts in central banks
Can I defer my Bank Treasury Risk
Management educational learning?
At any stage during the BTRM you may defer you
education until the next cohort. The cohort runs twice
per annum in April and October.
Where do I attend the course?
The course will take place in central London with weekly
lectures at 17.45 each Wednesday for 3 hours.
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www.btrm.org
Yes The BTRM offers flexible payment options where
candidates can pay for the course by instalments.
Option 1: Pay 50% on registration and 50% in week 22.
Option 2: Pay £1000 on registration, 50% of remaining
balance at week 11 and the final 50% in week 22.
Is it possible to take only selected modules
The BTRM is designed to be taken as one complete and
interdependent programme. However in exceptional
circumstances it is possible for students to take individual
modules and be conferred the Award in that module
upon receipt of at least the 60% pass mark. The fee for
individual modules where these are taken separately is
available on request.
How do I register to The BTRM?
Register online or fax/scan the form (opposite) to:
Email: neil@btrm.org
Fax: +44 (0) 1273 201360
What level of mathematics is required?
Students should have a numerate academic qualification
and be familiar with spreadsheet problem solving.
What happens if I am unable to complete the
course in six months?
It is possible for students to defer completion of the BTRM
to the next cohort at no extra charge.
Registration Form
Start Date: Wednesday 22nd April 2015
Regular Course Fee
Early Bird Discount
£5950.00 + UK VAT (20%)
VAT is chargeable for residents in the UK and EU
20% Discount Before 16th January 2015
Discount code
10% Discount Before 27th February 2015
DELEGATE DETAILS
COMPANY:
To register, please fax or scan and email
the completed booking form to:
NAME:
E-mail: neil@btrm.org
JOB TITLE/POSITION:
Fax: +44 (0) 1273 201 360
NAME:
JOB TITLE/POSITION:
FLEXIBLE PAYMENT OPTIONS:
NAME:
1. Pay in full online
2. Pay 50% on registration and 50% in week 20
3. Pay £1000 on registration, 50% of remaining balance
at week 11 and the final 50% in week 22
JOB TITLE/POSITION:
DEPARTMENT:
ADDRESS:
COUNTRY:
TELEPHONE:
E-MAIL:
DATE:
SIGNATURE:
The Certificate of Bank Treasury Risk Management
powered by The WBS Training group
E-mail: neil@btrm.org / Tel: +44 (0) 1273 201 352 / Fax: +44 (0) 1273 201 360
www.btrm.org
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Contact details
Neil Fowler
neil@btrm.org
+44 (0) 1273 201 352
Bobby Adejare
bobby@btrm.org
+44 (0) 1273 201 352
World Business Strategies Ltd.
Brighton Media Centre
15-17 Middle Street
Brighton
BN1 1AL
United Kingdom
www.btrm.org
Brochure design: www.stoatsandweasels.com