Gamma Advisory Services - Treasury 2013/04

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Treasury training and certification covering products, pricing, risk management, capital assessment, documentation and accounting

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Gamma Advisory Services - Treasury 2013/04

  1. 1. Gamma Advisory ServicesApril 20131Gamma Advisory ServicesRisk Training, Technology & AdviseGamma Advisory ServicesRisk Advisory, Training, Technology Services1.Treasury - Certification & Review Programs : April 2013
  2. 2. “The only skill that will be of lasting value in the 21stcentury will be the skill of learning new skills. All otherskills will become obsolete with the passing of time”Peter DruckerPeter DruckerPeter DruckerPeter DruckerGamma Advisory Services April 20132
  3. 3. A brief background presentationA brief background presentationA brief background presentationA brief background presentationGamma Advisory Services April 20133
  4. 4. ObjectivesObjectivesObjectivesObjectivesGamma Advisory Services April 20134Promote the use of best of current practices in riskmanagementTaxonomy of methodologiesLink formal theory to all risk applicationsTraining spectrum of staff in across all functionsPrivate certification of staffCater to all levels: review, vocational & advanced aswell as for staff at entry, specialist, senior & boardlevels
  5. 5. ServicesServicesServicesServicesGamma Advisory Services April 20135Skill transfer programs based on full review ofcutting edge industry practices & researchcovering all major areas of riskTraining programs:Review: conceptualVocational: teaching, practice and testingOverview: policy, monitoringRisk advice on policy and practices
  6. 6. UsersUsersUsersUsersGamma Advisory Services April 20136New hires, functional specialists and top management(based on program)Cross functional usersFront, Middle, and Back OfficesRisk,AnalyticsInformationTechnology (systems, programming, testing &support)Finance,Risk audit, complianceLegal
  7. 7. Delivery MechanismDelivery MechanismDelivery MechanismDelivery MechanismGamma Advisory Services April 20137Based on specific programSeminar or ClassroomReading or Review matterPresentationComputer aided demonstrationSpreadsheet exercisesTesting for vocational programs
  8. 8. The PrincipalThe PrincipalThe PrincipalThe PrincipalGamma Advisory Services April 20138Pravin Shirnamé, Principal Advisor, GammaAdvisory Services:Set up Gamma Advisory Services in 2010 aimed at evangelising betterrisk management practicesFormer head of the Market Risk function at HDFC Bank, India.Part of core team that set up Risk function at HDFC Bank in 1994Cross Industry experience of 25 years from banking, insurance,investments, asset finance, among othersMBA’s from the University of North Carolina-USA (Finance) magna cumlaudéMBA from University of Puné-India.M.Sc degree from M.S.University of Baroda, IndiaFRM charter holderCertifications from NASD, NC Dept of Insurance & others.
  9. 9. Range of programsRange of programsRange of programsRange of programsGamma Advisory Services April 20139Treasury – FunctionalTrainingTreasury Review ProgramMarket & Counterparty RiskAsset & Liability ManagementCredit RiskRisk Review & Advisory ServicesMiscellaneous: Financial ModelingMiscellaneous: Building Blocks
  10. 10. Treasury based programsTreasury based programsTreasury based programsTreasury based programs –––– A presentationA presentationA presentationA presentationGamma Advisory Services April 2013Pravin Shirname10
  11. 11. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramContent: A four module coverage ensuring a comprehensive reviewof all major facets of treasury business such as:A. Treasury products and pricingB. Risk controls and capital assessmentC. Documentation (for derivatives)D. Accounting11
  12. 12. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramWho should attend:The treasury professional from treasury front office, mid-office,risk management, back-office, audit, financial control, legal, andsystem specialists.Each function is allocated modules based on work areaspecialization. Modules(1&2) on products, risk and capitalassessment is common to all functions12UpdatedAnnually
  13. 13. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramProgram structure:Workshop & CertificationComponents:Text material, presentations with spreadsheetdemonstrations, Case studiesCustomised reading material of over 1000+ pages spanning 25sections along with presentation material for each as well as over350+spreadsheets examples. Range of case studies provided.CandidateTesting13
  14. 14. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramA.Products and PricingIntroductionBuilding BlocksMoney MarketsForward RateAgreementsInterest rate futuresBondsRepurchaseAgreementsBond FuturesYield Curves14
  15. 15. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramA.Products and PricingForeign ExchangeCurrency OptionsInterest rate Swaps & other derivativesMutual FundsCredit DerivativesSecuritisationGold and Commodities15
  16. 16. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory Services April 2013IntegratedTreasuryTraining ProgramB.Risk control and Capital AssessmentTreasury Market RiskTreasury Credit RiskAsset Liability ManagementCapital for Market and Credit RiskCases16
  17. 17. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory ServicesApril 2013IntegratedTreasuryTraining ProgramC.Documentation for DerivativesDocumentation for derivativesDocumentation Process1992 ISDA Master2002 ISDA MasterDefault and InsolvencyTax withholdingCredit DerivativesCredit Support Documentation17
  18. 18. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory ServicesApril 2013IntegratedTreasuryTraining ProgramD.Accounting for treasury businessAccounting and ControlsMoney MarketsInterest rate instrumentsForeign Exchange and optionsCredit DerivativesHedge accounting18
  19. 19. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory ServicesApril 2013Workshop on SpreadsheetsReview of operations, formulas and functions, naming, charting,Statistical tools: Description, Distribution analysis, RegressionWhat-if analysis: sensitivity analysis with tablesMultipage systems and lookupsDatabases : Sorting & filtering, data forms, subtotal, pivot tablesFinancial and Statistical functionsUsing Solver and goal seek for finance19
  20. 20. Treasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsTreasury functional training workshopsGamma Advisory ServicesApril 2013Workshop on Financial Modeling withspreadsheetsStatistical analysis of time series dataWhat-if analysis: sensitivity analysis with tablesFinancial and Statistical functionsApplications using Solver and goal seek for yield curve and riskMatrices for risk assessmentSimulation techniques : random generators, bootstrapping,generating random paths, monte carlo simulation methodsUtilities: lookup (one and two way), interpolation20
  21. 21. TreasuryTreasuryTreasuryTreasury review programsreview programsreview programsreview programsGamma Advisory Services April 2013Treasury Review ProgramProgram structure:A. Banking BackgroundB. Trade Products & ProcessesC. Analysis & ReportingD. Structure & Maintenance21
  22. 22. Treasury review programsTreasury review programsTreasury review programsTreasury review programs: Treasury Review Program (TRP)Gamma Advisory Services April 201322ClosureTransaction MaturityTrade StagesTrade stagesTrade backgroundTrade participants &Asset CategoriesAccountingP&LAttributionCounterpartyRiskMarket Risk(C) Analysis &ReportingTradeOrganisationAsset HoldingTradeAdministrationMarket & non-market data(D) Structure &Maintenance(B) Products &ProcessesMoney &BankingMoney Demand& SupplyCentral Bank &PolicyBank roles(A)Background
  23. 23. Treasury review programsTreasury review programsTreasury review programsTreasury review programsGamma Advisory Services April 2013Treasury Review ProgramWho should attend:The treasury professional from treasury front office, mid-office,risk management, back-office, audit, financial control, legal, &system specialists.Background neutralNew treasury entrants or laterals and senior management reviewOverview of treasury process23
  24. 24. Treasury reviewTreasury reviewTreasury reviewTreasury review programs:(programs:(programs:(programs:(TRPTRPTRPTRP))))Gamma Advisory Services April 2013A. Banking BackgroundMoneyBankingCentral BankingMonetary PolicyBank Roles24
  25. 25. Treasury reviewTreasury reviewTreasury reviewTreasury review programs:(programs:(programs:(programs:(TRPTRPTRPTRP))))Gamma Advisory Services April 2013B. Products & ProcessesTraded Products ReviewProcesses1. Trading background2. Asset categories3. Components of aTrade4. Stages of a trade25
  26. 26. Treasury reviewTreasury reviewTreasury reviewTreasury review programs:(programs:(programs:(programs:(TRPTRPTRPTRP))))Gamma Advisory Services April 2013C.Analysis and ReportingAccounting: concepts of realised and un-realised profit,accrued interestP&L Attribution : uses and processCounterparty risk : Credit , PSR, settlement risk,mitigationMarket Risk: positions, gaps, stop loss, ageing ofholdings, sensitivities, value at risk , stress testing, backtesting26
  27. 27. Treasury reviewTreasury reviewTreasury reviewTreasury review programs: (programs: (programs: (programs: (TRPTRPTRPTRP))))Gamma Advisory Services April 2013D. Structure & MaintenanceTrade Organisation: Entities, counterparties, books,static dataAsset holding : Holdings, value, reconciliation, etcTrade administration: rates, cashflows etc.Market and non-market data : data types, users,errors , management27
  28. 28. “He who loves practice without theory is like the sailor whoboards ship without a rudder and compass and neverknows where he may be cast”Leonardo da VinciGamma Advisory Services April 201328
  29. 29. Thank YouThank YouThank YouThank YouGamma Advisory Services April 2013E-Mail:gammaadvisory@gmail.comWeb:http://gammaadvisoryservices.weebly.com/29
  30. 30. Pravin ShirnameThe EndGamma Advisory ServicesApril 201330

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