Gamma Advisory Services provides risk training, technology, and advisory services. It aims to promote best practices in risk management through a spectrum of training programs for staff at all levels. The principal, Pravin Shirname, has over 25 years of experience in risk management and established Gamma Advisory Services in 2010. The company offers a range of advanced risk management programs covering topics like market risk, counterparty risk, asset liability management, credit risk, and more. The programs include presentations, exercises, and testing to help users develop risk analysis and management skills.
Risk Management is an important component of project management. it all start with the planning stage to the execution stage. There is no way a project can be implemented without strong foundations of risk management. The slides expounds the subject of risk management on sidelines of the project management like a rod and staff
The document discusses the roles and responsibilities of a Chief Risk Officer (CRO). It states that the CRO's main roles are to create a culture of risk awareness, formally consider risk in strategic decision making, and communicate about risk internally and externally. The CRO is responsible for developing the risk governance framework and coordinating with business lines on risk training, assessment, and metrics. Key skills for a CRO include analytical and quantitative skills, understanding business issues and supply chains, and strong communication abilities. The CRO reports regularly to the board, senior management, shareholders, and regulators on risk exposures and risk management activities.
The document discusses risk management frameworks and processes. It provides:
1) An overview of risk management, including highlighting risks at the project, program, and portfolio levels.
2) A risk management framework involving establishing context, risk identification, analysis, evaluation, and treatment.
3) Details of risk governance, including risk management plans, risk registers, governance documents, and ongoing and discrete risk activities.
The document summarizes techniques for project risk identification, assessment, and analysis. Table 1 lists various identification techniques and how they are used for risk assessment, applicability to different project stages, and resource requirements. Table 2 similarly evaluates risk assessment techniques. Table 3 presents a risk scorecard that categorizes risks into financial, infrastructure, reputational, and marketplace domains; describes each; and provides metrics and controls to manage related risks.
Workshop project risk management (29 june 2012)bfriday
The document discusses project risk management tools used by Bronwyn Friday, the Group Manager of Risk at John Holland Group. It provides an overview of Bronwyn's background and experience in risk management. It then discusses tools and best practices for project risk management, including qualitative and quantitative risk assessment tools, risk registers, and risk identification methods like brainstorming workshops.
This document provides information about FRM preparation courses offered by Lomonosov Moscow State University for the 2017-2018 year. It begins with a disclaimer from GARP regarding endorsement of preparation courses. The document then outlines the course content, structure, and benefits. It discusses the FRM exam structure and topics tested. It notes the challenges students may face in preparing and reasons they may need assistance. Finally, it details the university's FRM Part I, Part II, and combined preparation courses, including topics covered, pricing, discounts, and instructor backgrounds.
Razor Risk is a risk management software framework provided by TMX Technology Solutions that allows financial institutions to measure market, credit, and other risks across all global activities in real-time. The Razor Risk Market Risk module provides comprehensive market risk functionality including value-at-risk calculation, reporting, drill-down analysis, scenario analysis, and stress testing to help users meet regulatory requirements. It utilizes both historical simulation and Monte Carlo simulation for value-at-risk and allows drill-down of results to the individual transaction level.
Risk Management is an important component of project management. it all start with the planning stage to the execution stage. There is no way a project can be implemented without strong foundations of risk management. The slides expounds the subject of risk management on sidelines of the project management like a rod and staff
The document discusses the roles and responsibilities of a Chief Risk Officer (CRO). It states that the CRO's main roles are to create a culture of risk awareness, formally consider risk in strategic decision making, and communicate about risk internally and externally. The CRO is responsible for developing the risk governance framework and coordinating with business lines on risk training, assessment, and metrics. Key skills for a CRO include analytical and quantitative skills, understanding business issues and supply chains, and strong communication abilities. The CRO reports regularly to the board, senior management, shareholders, and regulators on risk exposures and risk management activities.
The document discusses risk management frameworks and processes. It provides:
1) An overview of risk management, including highlighting risks at the project, program, and portfolio levels.
2) A risk management framework involving establishing context, risk identification, analysis, evaluation, and treatment.
3) Details of risk governance, including risk management plans, risk registers, governance documents, and ongoing and discrete risk activities.
The document summarizes techniques for project risk identification, assessment, and analysis. Table 1 lists various identification techniques and how they are used for risk assessment, applicability to different project stages, and resource requirements. Table 2 similarly evaluates risk assessment techniques. Table 3 presents a risk scorecard that categorizes risks into financial, infrastructure, reputational, and marketplace domains; describes each; and provides metrics and controls to manage related risks.
Workshop project risk management (29 june 2012)bfriday
The document discusses project risk management tools used by Bronwyn Friday, the Group Manager of Risk at John Holland Group. It provides an overview of Bronwyn's background and experience in risk management. It then discusses tools and best practices for project risk management, including qualitative and quantitative risk assessment tools, risk registers, and risk identification methods like brainstorming workshops.
This document provides information about FRM preparation courses offered by Lomonosov Moscow State University for the 2017-2018 year. It begins with a disclaimer from GARP regarding endorsement of preparation courses. The document then outlines the course content, structure, and benefits. It discusses the FRM exam structure and topics tested. It notes the challenges students may face in preparing and reasons they may need assistance. Finally, it details the university's FRM Part I, Part II, and combined preparation courses, including topics covered, pricing, discounts, and instructor backgrounds.
Razor Risk is a risk management software framework provided by TMX Technology Solutions that allows financial institutions to measure market, credit, and other risks across all global activities in real-time. The Razor Risk Market Risk module provides comprehensive market risk functionality including value-at-risk calculation, reporting, drill-down analysis, scenario analysis, and stress testing to help users meet regulatory requirements. It utilizes both historical simulation and Monte Carlo simulation for value-at-risk and allows drill-down of results to the individual transaction level.
Gamma Advisory Services provides risk training, technology, and advisory services. It offers certification and review programs for treasury professionals across different levels and functions. Its integrated treasury training program covers treasury products, risk controls, capital assessment, documentation, and accounting. It also offers a treasury review program to provide an overview of treasury processes, including banking background, traded products, analysis and reporting, and organizational structure. The principal of Gamma Advisory Services has over 25 years of experience in risk management across various industries.
This document provides an overview of risk training, technology, and advisory services offered by Gamma Advisory Services. It describes the background and qualifications of the principal advisor, Pravin Shirname. Gamma Advisory Services offers a range of programs including reviews, vocational training programs, and advanced reviews covering topics like market risk, credit risk, asset and liability management, and retail credit risk. It provides details on certification programs for treasury professionals and relationship managers that include modules covering products, processes, risk controls, and accounting. The document outlines the objectives, delivery mechanisms, users, and range of programs offered by Gamma Advisory Services.
The document proposes a 360 Degree Risk Management Model to help organizations holistically manage risks. The model comprises people, processes, tools, and governance to 1) identify risks early, 2) mitigate negative risks, and 3) leverage learnings from risks to enhance competencies. Key aspects of the model include a corporate risk database, risk analytics dashboards, and knowledge sharing programs. The document argues the model can help organizations gain competitive advantages and improve outcomes by taking a more holistic view of risks.
This document discusses career options after completing a risk management course. It begins by providing context on the growth of risk management as a field. It then lists some common roles in risk management like risk analyst, risk manager, chief risk officer, and risk control supervisor. Next, it discusses pursuing a risk management course from IIM Kashipur through the online learning platform Nulearn. The course focuses on applied financial risk management and uses tools like Excel and R. It is suitable for professionals in finance, banking, and those with an interest in risk management. The course syllabus covers topics like market risk analysis, credit risk measurement, and operational risk measurement. Finally, it provides details on the course instructor Dr. Dilip Kumar
This document discusses considerations for building out model risk management (MRM) frameworks for qualitative models at banks. It begins by defining qualitative models as those where the functional specification is determined primarily by expert judgment or assumptions rather than quantitative methodologies.
It notes that while qualitative models pose model risk, approaches to managing this risk may differ from quantitative models due to different risk sources. Specifically, staffing, scheduling, scope and inventory size of MRM programs may vary significantly between large global banks and regional banks based on factors like resources. Regional banks especially may need to validate qualitative and quantitative models using the same team.
The document provides examples of how existing risk management processes at regional banks could take on aspects of qualitative model validation to
This presentation provides a comprehensive plan for implementing an enterprise risk management program. It covers the costs/benefits of an ERM program, the critical knowledge, skills and abilities of a Chief Risk Officer, a risk taxonomy for insurance firms, a hypothetical organizational structure for an electric utility, a sample risk register, and other useful information.
The document discusses the role of actuaries in enterprise risk management (ERM). It outlines how ERM has evolved in response to major risk failures over the past two decades. Actuaries traditionally focused on areas like pricing, valuation, and modeling, but now have an expanded role under Solvency II and a broader ERM approach. The document provides examples of how actuaries can assess and manage risks in both the insurance and banking industries using common tools and their quantitative skills. It suggests actuaries will need additional training to work in risk management for banks but their skills are well-suited to help various industries with ERM.
RiskPro India Ventures (P) Limited provides risk consulting and advisory services to insurance companies. It has offices in major Indian cities like New Delhi, Mumbai, and Bangalore. RiskPro consists of experienced professionals with expertise in various industries. It aims to provide integrated risk management solutions and be the preferred provider of governance, risk, and compliance services to mid-large sized corporate and financial institutions in India. RiskPro offers affordable services of a similar high-quality to those provided by large consulting firms. It focuses on risk management and has over 200 years of cumulative experience across its team. RiskPro provides a variety of risk advisory services including Basel II/III advisory, corporate risk assessment, information security services, and operational risk reviews.
Strategic Risk Management as a CFO: Getting Risk Management RightProformative, Inc.
Video & Presentation: http://www.proformative.com/events/strategic-risk-management-cfo-getting-risk-management-right
Enterprise Risk Management should be simple. Unfortunately, companies are responding to regulators and business imperatives to improve their risk management practices, all the while aligning with business strategy and performance as well as capital allocation. Leading practitioners are seeking insight and value from risk management and are using risk management to focus audit and compliance activities. In fact independent research commissioned by SAP and others suggests many successful ERM initiatives still make little use of the increasingly sophisticated technology available. This session will summarize recent research by SAP and others on the state of ERM and will provide simple, practical strategies for how Finance can drive risk management practices that build success and add value.
Speakers:
Bob Tizio, GRC Officer-Americas, SAP America Inc.
Bruce McCuaig, Director, Solution Marketing for Governance Risk & Compliance, SAP
Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 5
The document is a proposal from Riskpro India Ventures Private Limited for risk management solutions for a company. It outlines Riskpro's services including corporate governance training, business objectives and strategy setting, business operations study, risk identification, assessment, measurement, mitigation, and training. Riskpro seeks a long-term partnership to serve as the company's preferred risk management consulting partner.
The document is a proposal from Riskpro India Ventures Private Limited for risk management solutions for a company. It outlines Riskpro's services including corporate governance training, business objectives and strategy setting, business operations study, risk identification, assessment, measurement, mitigation, and training. Riskpro seeks a long-term partnership to serve as the company's preferred risk management consulting partner.
Riskpro is an Indian risk management consulting firm with offices in New Delhi, Mumbai, and Bangalore. It provides risk consulting and advisory services to insurance companies. The document discusses Riskpro's network presence across multiple Indian cities and touts its differentiators such as its focus on risk management, experience, delivery capabilities, and client-centric approach. It also outlines the various risk management advisory services and solutions Riskpro offers to the insurance sector, including support for Basel II/III compliance, corporate risks, information security, operational risk, governance, and other risks.
RiskPro is an Indian risk management firm that provides consulting and advisory services to insurance companies. It has offices in New Delhi, Mumbai, and Bangalore. RiskPro aims to be the preferred provider of governance, risk, and compliance solutions in India. It offers a hybrid delivery model and over 200 years of cumulative experience in risk management. RiskPro provides a wide range of risk management services including Basel II/III advisory, corporate risk assessment, information security services, and insurance advisory. It also offers insurance broking services and training programs.
Riskpro is an Indian risk management consulting firm with offices in New Delhi, Mumbai, and Bangalore. It provides risk consulting and advisory services to insurance companies. The document discusses Riskpro's network presence across multiple Indian cities and differentiates itself from larger consulting firms by offering high quality services at more affordable rates. It provides a wide range of risk management services including Basel II/III advisory, corporate risk assessment, information security services, and operational risk reviews. Riskpro also offers insurance risk advisory, claims management, and training services to help clients effectively manage various insurance-related risks.
This document discusses risk analysis including its definition, phases, and applications. It defines risk analysis as a technique used to identify and assess factors that could jeopardize a project's success or goals. The key phases of risk analysis are identified as identifying risks, quantifying risks, analysis, and presenting results. Specific techniques discussed include risk registers, risk workshops, quantification, simulation, and identifying significant risks. Risk analysis is described as an important part of project management and procurement processes.
Webinar - Building Team Efficiency and EffectivenessInvensis Learning
Wouldn’t it be great if you could get to better ideas faster? If you learn to master just two thinking skills, you can! Many of the PMI supported tools have origins in creativity. As such, these tools are best leveraged when you apply divergent thinking (to generate) or convergent thinking (to narrow). This session will explore the principles of divergent and convergent thinking and provide examples of techniques to maximize their power in decision making, problem solving and performance feedback.
The document discusses project risk management from the perspective of a development institution. It provides definitions of risk, project, and project management. Project risk management involves planning, organizing, securing, and managing resources to control the effects of uncertainties on a project's objectives. The document outlines the roots of uncertainty in a project, types of risks, and the risk management process. It emphasizes that risk management should be integrated into an organization's culture and involve identifying, assessing, and prioritizing risks.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
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Gamma Advisory Services provides risk training, technology, and advisory services. It offers certification and review programs for treasury professionals across different levels and functions. Its integrated treasury training program covers treasury products, risk controls, capital assessment, documentation, and accounting. It also offers a treasury review program to provide an overview of treasury processes, including banking background, traded products, analysis and reporting, and organizational structure. The principal of Gamma Advisory Services has over 25 years of experience in risk management across various industries.
This document provides an overview of risk training, technology, and advisory services offered by Gamma Advisory Services. It describes the background and qualifications of the principal advisor, Pravin Shirname. Gamma Advisory Services offers a range of programs including reviews, vocational training programs, and advanced reviews covering topics like market risk, credit risk, asset and liability management, and retail credit risk. It provides details on certification programs for treasury professionals and relationship managers that include modules covering products, processes, risk controls, and accounting. The document outlines the objectives, delivery mechanisms, users, and range of programs offered by Gamma Advisory Services.
The document proposes a 360 Degree Risk Management Model to help organizations holistically manage risks. The model comprises people, processes, tools, and governance to 1) identify risks early, 2) mitigate negative risks, and 3) leverage learnings from risks to enhance competencies. Key aspects of the model include a corporate risk database, risk analytics dashboards, and knowledge sharing programs. The document argues the model can help organizations gain competitive advantages and improve outcomes by taking a more holistic view of risks.
This document discusses career options after completing a risk management course. It begins by providing context on the growth of risk management as a field. It then lists some common roles in risk management like risk analyst, risk manager, chief risk officer, and risk control supervisor. Next, it discusses pursuing a risk management course from IIM Kashipur through the online learning platform Nulearn. The course focuses on applied financial risk management and uses tools like Excel and R. It is suitable for professionals in finance, banking, and those with an interest in risk management. The course syllabus covers topics like market risk analysis, credit risk measurement, and operational risk measurement. Finally, it provides details on the course instructor Dr. Dilip Kumar
This document discusses considerations for building out model risk management (MRM) frameworks for qualitative models at banks. It begins by defining qualitative models as those where the functional specification is determined primarily by expert judgment or assumptions rather than quantitative methodologies.
It notes that while qualitative models pose model risk, approaches to managing this risk may differ from quantitative models due to different risk sources. Specifically, staffing, scheduling, scope and inventory size of MRM programs may vary significantly between large global banks and regional banks based on factors like resources. Regional banks especially may need to validate qualitative and quantitative models using the same team.
The document provides examples of how existing risk management processes at regional banks could take on aspects of qualitative model validation to
This presentation provides a comprehensive plan for implementing an enterprise risk management program. It covers the costs/benefits of an ERM program, the critical knowledge, skills and abilities of a Chief Risk Officer, a risk taxonomy for insurance firms, a hypothetical organizational structure for an electric utility, a sample risk register, and other useful information.
The document discusses the role of actuaries in enterprise risk management (ERM). It outlines how ERM has evolved in response to major risk failures over the past two decades. Actuaries traditionally focused on areas like pricing, valuation, and modeling, but now have an expanded role under Solvency II and a broader ERM approach. The document provides examples of how actuaries can assess and manage risks in both the insurance and banking industries using common tools and their quantitative skills. It suggests actuaries will need additional training to work in risk management for banks but their skills are well-suited to help various industries with ERM.
RiskPro India Ventures (P) Limited provides risk consulting and advisory services to insurance companies. It has offices in major Indian cities like New Delhi, Mumbai, and Bangalore. RiskPro consists of experienced professionals with expertise in various industries. It aims to provide integrated risk management solutions and be the preferred provider of governance, risk, and compliance services to mid-large sized corporate and financial institutions in India. RiskPro offers affordable services of a similar high-quality to those provided by large consulting firms. It focuses on risk management and has over 200 years of cumulative experience across its team. RiskPro provides a variety of risk advisory services including Basel II/III advisory, corporate risk assessment, information security services, and operational risk reviews.
Strategic Risk Management as a CFO: Getting Risk Management RightProformative, Inc.
Video & Presentation: http://www.proformative.com/events/strategic-risk-management-cfo-getting-risk-management-right
Enterprise Risk Management should be simple. Unfortunately, companies are responding to regulators and business imperatives to improve their risk management practices, all the while aligning with business strategy and performance as well as capital allocation. Leading practitioners are seeking insight and value from risk management and are using risk management to focus audit and compliance activities. In fact independent research commissioned by SAP and others suggests many successful ERM initiatives still make little use of the increasingly sophisticated technology available. This session will summarize recent research by SAP and others on the state of ERM and will provide simple, practical strategies for how Finance can drive risk management practices that build success and add value.
Speakers:
Bob Tizio, GRC Officer-Americas, SAP America Inc.
Bruce McCuaig, Director, Solution Marketing for Governance Risk & Compliance, SAP
Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 5
The document is a proposal from Riskpro India Ventures Private Limited for risk management solutions for a company. It outlines Riskpro's services including corporate governance training, business objectives and strategy setting, business operations study, risk identification, assessment, measurement, mitigation, and training. Riskpro seeks a long-term partnership to serve as the company's preferred risk management consulting partner.
The document is a proposal from Riskpro India Ventures Private Limited for risk management solutions for a company. It outlines Riskpro's services including corporate governance training, business objectives and strategy setting, business operations study, risk identification, assessment, measurement, mitigation, and training. Riskpro seeks a long-term partnership to serve as the company's preferred risk management consulting partner.
Riskpro is an Indian risk management consulting firm with offices in New Delhi, Mumbai, and Bangalore. It provides risk consulting and advisory services to insurance companies. The document discusses Riskpro's network presence across multiple Indian cities and touts its differentiators such as its focus on risk management, experience, delivery capabilities, and client-centric approach. It also outlines the various risk management advisory services and solutions Riskpro offers to the insurance sector, including support for Basel II/III compliance, corporate risks, information security, operational risk, governance, and other risks.
RiskPro is an Indian risk management firm that provides consulting and advisory services to insurance companies. It has offices in New Delhi, Mumbai, and Bangalore. RiskPro aims to be the preferred provider of governance, risk, and compliance solutions in India. It offers a hybrid delivery model and over 200 years of cumulative experience in risk management. RiskPro provides a wide range of risk management services including Basel II/III advisory, corporate risk assessment, information security services, and insurance advisory. It also offers insurance broking services and training programs.
Riskpro is an Indian risk management consulting firm with offices in New Delhi, Mumbai, and Bangalore. It provides risk consulting and advisory services to insurance companies. The document discusses Riskpro's network presence across multiple Indian cities and differentiates itself from larger consulting firms by offering high quality services at more affordable rates. It provides a wide range of risk management services including Basel II/III advisory, corporate risk assessment, information security services, and operational risk reviews. Riskpro also offers insurance risk advisory, claims management, and training services to help clients effectively manage various insurance-related risks.
This document discusses risk analysis including its definition, phases, and applications. It defines risk analysis as a technique used to identify and assess factors that could jeopardize a project's success or goals. The key phases of risk analysis are identified as identifying risks, quantifying risks, analysis, and presenting results. Specific techniques discussed include risk registers, risk workshops, quantification, simulation, and identifying significant risks. Risk analysis is described as an important part of project management and procurement processes.
Webinar - Building Team Efficiency and EffectivenessInvensis Learning
Wouldn’t it be great if you could get to better ideas faster? If you learn to master just two thinking skills, you can! Many of the PMI supported tools have origins in creativity. As such, these tools are best leveraged when you apply divergent thinking (to generate) or convergent thinking (to narrow). This session will explore the principles of divergent and convergent thinking and provide examples of techniques to maximize their power in decision making, problem solving and performance feedback.
The document discusses project risk management from the perspective of a development institution. It provides definitions of risk, project, and project management. Project risk management involves planning, organizing, securing, and managing resources to control the effects of uncertainties on a project's objectives. The document outlines the roots of uncertainty in a project, types of risks, and the risk management process. It emphasizes that risk management should be integrated into an organization's culture and involve identifying, assessing, and prioritizing risks.
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Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
2. “The only skill that will be of lasting value in the 21st
century will be the skill of learning new skills. All other
skills will become obsolete with the passing of time”
Peter DruckerPeter DruckerPeter DruckerPeter Drucker
Gamma Advisory Services April 20132
3. A brief background presentationA brief background presentationA brief background presentationA brief background presentation
Gamma Advisory Services April 20133
4. ObjectivesObjectivesObjectivesObjectives
Gamma Advisory Services April 20134
Promote the use of best of current practices in risk
management
Taxonomy of methodologies
Link formal theory to all risk applications
Training spectrum of staff in across all functions
Private certification of staff
Cater to all levels: review, vocational & advanced as
well as for staff at entry, specialist, senior & board
levels
5. ServicesServicesServicesServices
Gamma Advisory Services April 20135
Skill transfer programs based on full review of
cutting edge industry practices & research
covering all major areas of risk
Training programs:
Review: conceptual
Vocational: teaching, practice and testing
Overview: policy, monitoring
Risk advice on policy and practices
6. UsersUsersUsersUsers
Gamma Advisory Services April 20136
New hires, functional specialists and top management
(based on program)
Cross functional users
Front, Middle, and Back Offices
Risk,Analytics
InformationTechnology (systems, programming, testing &
support)
Finance,
Risk audit, compliance
Legal
7. Delivery MechanismDelivery MechanismDelivery MechanismDelivery Mechanism
Gamma Advisory Services April 20137
Based on specific program
Seminar or Classroom
Reading or Review matter
Presentation
Computer aided demonstration
Spreadsheet exercises
Testing for vocational programs
8. The PrincipalThe PrincipalThe PrincipalThe Principal
Gamma Advisory Services April 20138
Pravin Shirnamé, Principal Advisor, GammaAdvisory Services:
Set up Gamma Advisory Services in 2010 aimed at evangelising better
risk management practices
Former head of the Market Risk function at HDFC Bank, India.
Part of core team that set up Risk function at HDFC Bank in 1994
Cross Industry experience of 25 years from banking, insurance,
investments, asset finance, among others
MBA’s from the University of North Carolina-USA (Finance) magna cum
laudé
MBA from University of Puné-India.
M.Sc degree from M.S.University of Baroda, India
FRM charter holder
Certifications from NASD, NC Dept of Insurance & others.
9. Range of programsRange of programsRange of programsRange of programs
Gamma Advisory Services April 20139
Treasury – FunctionalTraining
Treasury Review Program
Market & Counterparty Risk
Asset & Liability Management
Credit Risk
Risk Review & Advisory Services
Miscellaneous: Financial Modeling
Miscellaneous: Building Blocks
10. Advanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk Management ----
A PresentationA PresentationA PresentationA Presentation
Gamma Advisory Services April 2013
Pravin Shirname
Scheduled for 2013-14
10
11. Advanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk Management
Gamma Advisory Services April 2013
Who should attend from banks, regulatory
agencies, software firms
risk analytics
risk management
risk audit
finance
system specialists
11
12. Advanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk ManagementAdvanced Programs in Risk Management
Gamma Advisory Services April 2013
Program structure:
Text material or presentations, covering taxonomy of risk
models, with focus on model risk elements
Spreadsheet demonstrations of all models covered
Software based demonstration for simulation based
models
Test cases workout
Risk on risk models covered in special topics
12
13. Market RiskMarket RiskMarket RiskMarket Risk
Gamma Advisory Services April 2013
Advanced Program in Market Risk
General Policy and Controls
Internal Organisation
Internal process of risk
Market data controls
Position controls
Model risk management
Backtesting policy
Stress testing policy
13
14. Market RiskMarket RiskMarket RiskMarket Risk
Gamma Advisory Services April 2013
Advanced Program in Market Risk
ParametricValue at Risk
Aggregate Measures used
Mapping methods for cash flows
Product wise application
Applying methods for non-normal variables
14
15. Market RiskMarket RiskMarket RiskMarket Risk
Gamma Advisory Services April 2013
Advanced Program in Market Risk
Historical Simulation
Alternative weighting methods
Alternative simulation methods
Scaling HistoricalVaR
Adjusting for non-normality
15
16. Market RiskMarket RiskMarket RiskMarket Risk
Gamma Advisory Services April 2013
Advanced Program in Market Risk
Monte Carlo Simulation
Components of VaR process
Generating random numbers
Alternatives for MCS VaR
normal random variables, factor models, decomposition,
multi-steps, non-normal simulation, copula methods,
principal components based methods
Improving MCSVaR
Demonstrating simulation software
16
17. Market RiskMarket RiskMarket RiskMarket Risk
Gamma Advisory Services April 2013
Advanced Program in Market Risk
Preview of Market Risk in the future
Assessing capital for market risk
Assessing economic risk
Risk management application
Other applications of market risk measures
17
18. CounterpartyCounterpartyCounterpartyCounterparty RiskRiskRiskRisk
Gamma Advisory Services
April 2013
Advanced Program in Counterparty Risk
Product Review
FX Product Review
Products from vanilla structures, forward structures, Barriers
options, Binary options, Faders, Accumulators, Average rate
options, Compound options, among a wide range of FX
products
Interest rate Product Review
Products from vanilla swaps, In arrear swaps, Quanto swaps,
Cancellable swaps, Swaptions, Caps and Floors, CMS, Range
accrual swaps, among a wide range of Interest rate products
18
19. CounterpartyCounterpartyCounterpartyCounterparty RiskRiskRiskRisk
Gamma Advisory Services
April 2013
Advanced Program in Counterparty Risk
Credit risk in treasury operations
Definitions and Exposures
Credit Processes andApprovals
Quantification of credit exposure
Quantification of credit exposures, CVA, DVA, FVA
Risk reduction methods
Capital Assessment in Basle I,II,III
BackTesting
StressTesting
19
21. Counterparty RiskCounterparty RiskCounterparty RiskCounterparty Risk
Gamma Advisory Services April 2013
Advanced Program in Counterparty Risk
Preview of Counterparty Risk in the future
Assessing capital for counterparty risk
Assessing economic risk
Risk management application
Other applications of counterparty risk measures
21
23. Asset Liability ManagementAsset Liability ManagementAsset Liability ManagementAsset Liability Management
Gamma Advisory Services
April 2013
Interest rate risk measurement & management
Duration and Convexity based simulation : Processes,
evaluating IRR+
EconomicValue Simulation: concept, process,
evaluating IRR+
Measuring risk of indeterminate maturity and deposit
variants : alternate methods, estimating rate changes+
Measuring risk of loans & investments : IRR of
mortgage loans, assessing prepayment and other risks
23
24. Asset Liability ManagementAsset Liability ManagementAsset Liability ManagementAsset Liability Management
Gamma Advisory Services
April 2013
Interest rate risk measurement & management
Modeling of rate change type of scenarios : types of rate
changes, models of rate changes, models of rates,
estimating parameters of models+
ImplementingAL models: key aspects of AL Models that
need to be evaluated, advanced modeling features+
Model risk management: assumptions, managing models,
testing+
Additional risk aspects: cross impacts, other risk
impacts+
24
25. Asset Liability ManagementAsset Liability ManagementAsset Liability ManagementAsset Liability Management
Gamma Advisory Services
April 2013
Liquidity risk measurement & management
Definition of Liquidity Risk
Liquidity risk measurement: ratios, stock & flow measures,
liquidity risk gap analysis
Stress analysis: liquidity risk categories, stress levels
Stress testing: components, process of stress testing
Managing asset liquidity risk: types, estimation of liquidity
buffer, managing assets for liquidity
Managing liability liquidity risk: types, estimation of liquidity
risk, managing assets for liquidity
25
26. Asset Liability ManagementAsset Liability ManagementAsset Liability ManagementAsset Liability Management
Liquidity risk measurement & management
Mitigating liability liquidity risk under stress: strategy,
tactics, testing
Liquidity risk pricing: components of risk, methods,
usage in FTP
Contingency for liquidity risk: components, framework
of contingency plans
Liquidity risk controls: risk limits, reporting, generic
liquidity risk policy
Gamma Advisory Services
April 201326
27. Asset Liability ManagementAsset Liability ManagementAsset Liability ManagementAsset Liability Management
Gamma Advisory Services
April 2013
ALM IRR policies, management, limits & systems
ALM IRR policy, structure, setting limits, risk appetite+
ALM management, implementation+
Back-testing
Managing IRR without derivatives+
Managing IRR with derivatives+
Liquidity risk policy
Managing liquidity risk and contingencies
ALM system requirements +
Review of current regulatory scope forALM
27
28. CreditCreditCreditCredit RiskRiskRiskRisk
Gamma Advisory Services
April 2013
Credit Analysis
Credit analysis process & concepts
The five C’s of credit
Overview of financial statement
Financial analysis & performance assessment
Variants
Credit analysis for individuals
Credit analysis of financial institutions (different types)
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29. Wholesale CreditWholesale CreditWholesale CreditWholesale Credit RiskRiskRiskRisk
Gamma Advisory Services
April 2013
Wholesale Credit Risk Management
Credit approval process : from segmentation to rating,
documentation, monitoring, remedial action etc
Credit risk management process: from risk capacity,
capital allocation, managing and reporting
Credit risk organisation structure
Credit risk audit
Credit risk rating modeling approaches
29
31. Retail CreditRetail CreditRetail CreditRetail Credit RiskRiskRiskRisk
Gamma Advisory Services
April 2013
Credit Scoring and Response Modeling
Objectives of using scoring
Overview of credit scoring and risk
Review of building blocks for statistics & mathematics for
scoring
Development process and methods for credit scoring
Validation & performance analysis
Implementation, monitoring & review
31
33. “He who loves practice without theory is like the sailor who
boards ship without a rudder and compass and never
knows where he may be cast”
Leonardo da Vinci
Gamma Advisory Services April 201333
34. Thank YouThank YouThank YouThank You
Gamma Advisory Services April 2013
E-Mail:
gammaadvisory@gmail.com
Web:
http://gammaadvisoryservices.weebly.com/
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