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 discusses dynamic stress testing for an insurance company. It defines dynamic stress testing as evaluating the impact of extreme yet plausible scenarios over time as the insurance products, company balance sheet, and economic environment evolve. It emphasizes that stress testing can initiate important conversations about risks and opportunities and is increasingly recognized in the industry as a key component of enterprise risk management. Finally, it outlines best practices for implementing a credible and sustainable stress testing process.
In this study we survey practices and supervisory expectations for stress testing (ST), in a credit risk framework for banking book exposures. We introduce and motivate ST; and discuss the function, supervisory requirements and expectations, credit risk parameters, interpretation results
with respect to ST. This includes a typology of ST (uniform testing, risk factor sensitivities, scenario analysis; and historical, statistical and hypothetical scenarios) and procedures for con-ducting ST. We conclude with two simple and practical stress testing examples, one a ratings migration based approach, and the other a top-down ARIMA modeling approach.
Supervisory Review Readiness post CCAR March 2015 Results- Somanshu JendSomanshu Jend
Supervisory Review Readiness post CCAR March 2015 Results.
A preliminary inspection of the CCAR Stress Test Results released by Federal Reserve Board on March 2015.
Raises some questions that the BHCs management should be asking while reviewing CCAR results.
This document discusses opportunities and challenges around data science in the financial services industry. It begins with defining data science and providing an overview of trends in data science. It then discusses four key challenges facing the financial industry: compliance, profitability and solvency growth, competitive advantage, and gaining insights from customer behavior, risk management, product optimization, and reporting. The document outlines various levels of analytics maturity and provides examples of how descriptive, predictive, and integrated analytics can be used in areas like customer analytics, risk management, and portfolio optimization. It concludes by discussing future trends in data science and artificial intelligence.
The Fundamental Review of the Trading Book (FRTB) is a major challenge for the banking sector. This new Accenture Finance & Risk Services presentation explores the key implications of the new requirements and highlights key differences with previously published standards. Access this link for more information on FRTB: http://bit.ly/1NnY1RN
160513 Study Sourcing in risk and compliance functionsDr. Marc D. Grüter
This document summarizes insights from a benchmark study on sourcing risk and compliance functions in international financial institutions. Key findings include:
1) Sourcing risk and compliance functions can improve effectiveness and efficiency while reducing costs by up to 30%. It allows banks to focus on differentiators and quickly adapt to regulatory changes.
2) Most banks implement a nearshoring model, with hubs in locations like India and Eastern Europe. Examples of successfully sourced functions include risk modeling and standardized transaction decisions.
3) Success requires a strong business case, transparency on current functions, and ensuring additional risks are managed within risk appetite. Detailed planning is also important to realize benefits while mitigating execution risks.
BCG-Five-Practices-of-Operational-Risk-Leaders-Oct-2016_tcm80-214941Dr. Marc D. Grüter
The document discusses five practices that leading operational risk management programs at banks employ to more effectively manage operational risk. These include: 1) setting clear strategic objectives and priorities for operational risk that are aligned with business goals; 2) efficiently managing mature operational risks to free up resources for emerging risks; 3) having a strong function for identifying and tracking emerging risks; 4) clearly defining the roles and responsibilities of each line of defense; and 5) revising incentives to reinforce desired risk management behaviors. Banks that master these five practices are better equipped to anticipate and mitigate risks in a changing environment.
Credit Audit's Use of Data Analytics in Examining Consumer Loan PortfoliosJacob Kosoff
Written by Jacob Kosoff and published in September 2013 by the RMA Journal. This article describes banks in 2012 & 2013 were modernizing their Credit Review functions.
The document discusses dynamic stress testing for an insurance company. It defines dynamic stress testing as evaluating the impact of extreme yet plausible scenarios over time as the insurance products, company balance sheet, and economic environment evolve. It emphasizes that stress testing can initiate important conversations about risks and opportunities and is increasingly recognized in the industry as a key component of enterprise risk management. Finally, it outlines best practices for implementing a credible and sustainable stress testing process.
In this study we survey practices and supervisory expectations for stress testing (ST), in a credit risk framework for banking book exposures. We introduce and motivate ST; and discuss the function, supervisory requirements and expectations, credit risk parameters, interpretation results
with respect to ST. This includes a typology of ST (uniform testing, risk factor sensitivities, scenario analysis; and historical, statistical and hypothetical scenarios) and procedures for con-ducting ST. We conclude with two simple and practical stress testing examples, one a ratings migration based approach, and the other a top-down ARIMA modeling approach.
Supervisory Review Readiness post CCAR March 2015 Results- Somanshu JendSomanshu Jend
Supervisory Review Readiness post CCAR March 2015 Results.
A preliminary inspection of the CCAR Stress Test Results released by Federal Reserve Board on March 2015.
Raises some questions that the BHCs management should be asking while reviewing CCAR results.
This document discusses opportunities and challenges around data science in the financial services industry. It begins with defining data science and providing an overview of trends in data science. It then discusses four key challenges facing the financial industry: compliance, profitability and solvency growth, competitive advantage, and gaining insights from customer behavior, risk management, product optimization, and reporting. The document outlines various levels of analytics maturity and provides examples of how descriptive, predictive, and integrated analytics can be used in areas like customer analytics, risk management, and portfolio optimization. It concludes by discussing future trends in data science and artificial intelligence.
The Fundamental Review of the Trading Book (FRTB) is a major challenge for the banking sector. This new Accenture Finance & Risk Services presentation explores the key implications of the new requirements and highlights key differences with previously published standards. Access this link for more information on FRTB: http://bit.ly/1NnY1RN
160513 Study Sourcing in risk and compliance functionsDr. Marc D. Grüter
This document summarizes insights from a benchmark study on sourcing risk and compliance functions in international financial institutions. Key findings include:
1) Sourcing risk and compliance functions can improve effectiveness and efficiency while reducing costs by up to 30%. It allows banks to focus on differentiators and quickly adapt to regulatory changes.
2) Most banks implement a nearshoring model, with hubs in locations like India and Eastern Europe. Examples of successfully sourced functions include risk modeling and standardized transaction decisions.
3) Success requires a strong business case, transparency on current functions, and ensuring additional risks are managed within risk appetite. Detailed planning is also important to realize benefits while mitigating execution risks.
BCG-Five-Practices-of-Operational-Risk-Leaders-Oct-2016_tcm80-214941Dr. Marc D. Grüter
The document discusses five practices that leading operational risk management programs at banks employ to more effectively manage operational risk. These include: 1) setting clear strategic objectives and priorities for operational risk that are aligned with business goals; 2) efficiently managing mature operational risks to free up resources for emerging risks; 3) having a strong function for identifying and tracking emerging risks; 4) clearly defining the roles and responsibilities of each line of defense; and 5) revising incentives to reinforce desired risk management behaviors. Banks that master these five practices are better equipped to anticipate and mitigate risks in a changing environment.
Credit Audit's Use of Data Analytics in Examining Consumer Loan PortfoliosJacob Kosoff
Written by Jacob Kosoff and published in September 2013 by the RMA Journal. This article describes banks in 2012 & 2013 were modernizing their Credit Review functions.
Leading Compliance Monitoring Activities to Assess Fraud and Corruption RisksRachel Hamilton
This document discusses leveraging forensic data analytics (FDA) to detect fraud. It notes that traditional audits only detect around 50% of fraud, demonstrating a need for improved analytics. FDA incorporates collecting both structured and unstructured data from sources like ERP systems, CRM, and documents to identify improper payments and behavior patterns. Effective FDA programs incorporate rule-based queries, statistical analysis, text searching, and data visualization. The document provides examples of how companies can design FDA programs, including gathering diverse data sources, processing the data, analyzing it for risk, and delivering results. It emphasizes that continuous monitoring is important for executive visibility, process improvements, and advanced fraud control.
Adopting a Top-Down Approach to Model Risk Governance to Optimize Digital Tra...Jacob Kosoff
Model risk management programs often began their journey by first creating a definition of a model. Then model risk groups would perform model risk activities on each item that met the definition of a model. These model risk activities include classifying risk, assessing current uses, evaluating ongoing monitoring results, validating conceptual soundness, testing model changes, and so forth. This approach was an important beginning for the field of model risk management as it helped identify existing models, discover fundamental errors in existing models, and prevent inappropriate use of models. However, model risk teams often focused only on processes that already include models and did not identify processes that would be significantly improved by using models. This results in model risk teams overlooking modeling capabilities that a process truly needs. However, model risk teams can go on the offensive and use their model inventory as a source of crucial business intelligence. Model risk teams can start to identify processes that do not include models and could recommend the use of existing models to improve those processes. Furthermore, model risk teams can reduce expenses at a bank by guarding against the development or purchase of models with redundant capabilities. Model risk management teams can ultimately be a champion for the extensibility and efficient use of models at an institution. The article was written by Jacob Kosoff, Aaron Bridgers, and Henry Lee. The article was published by the RMA Journal in September 2020.
predictive-analytics-the-silver-bullet-in-efficient-risk-management-for-banksArup Das
This document discusses how predictive analytics can help banks improve risk management. It begins by outlining the major risks banks face and the regulatory requirements around risk management. It then discusses how predictive analytics can enhance various aspects of enterprise risk management, including improving credit decisioning, enhancing credit quality, and enabling a 360-degree view of customers. The document provides examples of how social network analysis and big data can generate insights to better identify fraud and risk. Overall, the document argues that predictive analytics, when embedded into risk management frameworks, can help banks more efficiently identify and respond to risks.
QlikView for Risk and Customer IntelligenceQlikView-India
This document provides an overview of QlikView software for risk management and customer intelligence applications in the financial services industry. It begins with an agenda and introduces QlikView's capabilities for risk/fraud analysis and customer intelligence. It then presents several case studies of banks and financial institutions using QlikView for tasks like risk monitoring, fraud investigation, customer targeting, and transaction analysis. Screenshots of sample QlikView applications are shown. The document concludes by discussing QlikView's uniqueness and advantages over traditional business intelligence tools.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
The document summarizes a session from the Society of Actuaries Spring Meeting on building and maintaining effective risk dashboards. The session discussed what risk dashboards are, their purpose in providing consolidated risk reporting across an enterprise. Keys to success include integrating different risk types into a single dashboard and ensuring executive sponsorship. The session also provided a case study on how risk dashboards could have helped identify risks in the subprime mortgage crisis. Implementation challenges included issues with data availability, integration into decision making processes, and legal implications of disclosing risk information.
FINANCIAL & CORPORATE COLLATERAL > portfolio // Linda C. ModicaLinda Modica
This short visual presentation contains the design work of Linda C. Modica, a NYC-Metro area art director & graphic designer. Selected published works for GSMI, IMN (Information Management Network) and Black Swan Consulting Group.
Our latest analysis of readiness and maturity of intraday liquidity management shows that many financial institutions run the risk not to meet payment and settlement obligations, if they don’t manage their intraday liquidity effectively. There are ways to make up for the necessary investments to that end by optimizing the intraday liquidity management.
1. Funds Transfer Pricing (FTP) is a risk control policy that separates interest rate risk from operational risk, allowing business unit performance to be measured independently of interest rate movements.
2. Through FTP, profitability is managed against market benchmarks for assets and liabilities. Liquidity and interest rate risks are addressed centrally through balance sheet management that integrates ALM policies with FTP.
3. FTP helps establish internal funding costs, enables product comparisons, and promotes transparent risk management through centrally controlled pricing and hedging based on balance sheet mismatches.
The document discusses the future of risk management in banks over the next decade. It states that by 2025, risk functions will need to be fundamentally different and transformed more than in the last decade. Regulations will continue expanding while customer expectations rise. The risk function of the future will have broader responsibilities, stronger collaborative relationships, and expertise in analytics and collaboration over processes. IT and data will be more sophisticated using big data and algorithms. Risk decisions may be made at lower costs while improving customer experience. Banks need to prepare and rebuild risk functions now to thrive during this period of transformation.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Setting Conduct Risk Appetite. Assessing risk and identifying cultural driver...Compliance Consultant
Conduct Risk is sweeping the financial services world and catching many risk manager out as there is still a lack of understanding.
Risk management need to determine the corporate risk philosophy and appetite. To assess or understand the risk philosophy, try to comprehend the organisation's culture, values and environment. The way business operations are conducted on a daily basis and the organisation’s strategy are typically good indicators where you can find the company risk philosophy. Assess whether business has an aggressive, innovative, typical or conservative attitude towards risks for achieving business goals.
Risk appetite is simply the amount of risk which the organisation is willing to take to undertake business activities and achieve the business objectives, where Conduct Risk is concerned this has to include good customer outcomes. A simple question to ask the board of members could be “What amount of reported mismanagement or public uproar would make you uncomfortable if it appeared in the business newspapers?”
Consolidate the various risk exposures from the risk department's identified risks and present them to the board. Finally, assess whether the company’s internal perception and rhetoric on risk philosophy and appetite are consistent with the board and other stakeholder's viewpoints. Realign the two where required to prepare the annual strategy.
Turn the STRESS in Stress Testing (Bank Loan Portfolios) into an Empowering E...Gateway Asset Management
Sponsored by Gateway Asset Management, this webinar document covers:
> Stress vs. Empowerment
> Primary Regulatory and Accounting Catalysts
> CECL- Current Expected Credit Loss Model/ALLL
> Stress Testing – Loan Portfolios
> Why Prepare for CECL and Stress Testing At The Same Time?
> Life-of-Loan "Base Case" & Stress Testing - Foundation - Building Blocks
> Models – Different sources and levels of sophistication
> Use of Models - Regulatory Guidance
> Why Start Preparing for CECL and Stress Testing Now?
The document provides an overview of credit scoring and scorecard development. It discusses:
- The objectives of credit scoring in assessing credit risk and forecasting good/bad applicants.
- The types of clients that are categorized for scoring, including good, bad, indeterminate, insufficient, excluded, and rejected.
- The research objectives and challenges in building statistical models to assign risk scores and monitor model performance.
- The research methodology involving data partitioning, variable binning, scorecard modeling using logistic regression, and scorecard evaluation metrics like KS, Gini, and lift.
This document outlines an upcoming two-day training on Anti Money Laundering and Counter Terrorism Financing taking place in Bangkok, Thailand from May 12-13, 2016. The training will be led by R.M. Magan and cover topics such as international AML standards, designing effective risk-based AML programs, red flags, and workshops using case studies. Attendees will include compliance officers and others working to prevent financial crimes. The agenda includes sessions on money laundering trends, policies and procedures, risk assessments, and know your employee practices.
The Royal Bank of Scotland is one of the oldest banks in the UK, founded in 1727. It provides banking and financial services globally through divisions like Global Banking & Markets, Corporate Banking, Retail, Wealth Management, Ulster Bank and Citizens. The bank employs over 137,000 people worldwide and had $38.8 billion in revenue. Philip Hampton serves as the Chairman of the Board of RBS.
This document outlines a study on the evolution of grounded theory for credit scoring in India. It begins with an introduction to lending, borrowing, credit evaluation and decisions. It then reviews literature on grounded theory and credit scoring models. The document describes the research methodology, including the problem, objectives, data collection, validity/reliability. It presents the data analysis and coding process using NVivo that led to the development of several theories. Case studies are provided on the theories for public sector banks, private sector banks, and foreign banks. Finally, suggestions and limitations of the study are discussed.
Delopment and testing of a credit scoring modelMattia Ciprian
1. modeFinance is an Italian company that provides credit rating reports and evaluations of companies' creditworthiness using its own rating methodology called MORE.
2. modeFinance aims to answer everyday questions about companies' real creditworthiness from customers, suppliers, partners, and banks.
3. modeFinance's products help customers monitor their financial portfolios and evaluate the credit risk of companies worldwide. modeFinance has been accepted into The MathWorks Connections Program to further develop its MORE credit rating product.
Gainsight on Gainsight: Managing Code RedGainsight
Most Customer Success teams have some concept of “Code Red” accounts – the at-risk accounts that need focused, concerted attention to get back on track. At Gainsight, we’ve spent the last three months actively refining our Code Red process, and are excited to share how we’ve developed a more consistent, efficient, and effective program.
In this 45-minute webinar, we’ll review the key elements of our Code Red program and how we use Gainsight to manage it. We’ll cover:
-Our overall program structure
-How we use Gainsight to manage Code Red work plans
-How we run our Code Red Meeting
-How we report on Code Red so we can keep improving
Leading Compliance Monitoring Activities to Assess Fraud and Corruption RisksRachel Hamilton
This document discusses leveraging forensic data analytics (FDA) to detect fraud. It notes that traditional audits only detect around 50% of fraud, demonstrating a need for improved analytics. FDA incorporates collecting both structured and unstructured data from sources like ERP systems, CRM, and documents to identify improper payments and behavior patterns. Effective FDA programs incorporate rule-based queries, statistical analysis, text searching, and data visualization. The document provides examples of how companies can design FDA programs, including gathering diverse data sources, processing the data, analyzing it for risk, and delivering results. It emphasizes that continuous monitoring is important for executive visibility, process improvements, and advanced fraud control.
Adopting a Top-Down Approach to Model Risk Governance to Optimize Digital Tra...Jacob Kosoff
Model risk management programs often began their journey by first creating a definition of a model. Then model risk groups would perform model risk activities on each item that met the definition of a model. These model risk activities include classifying risk, assessing current uses, evaluating ongoing monitoring results, validating conceptual soundness, testing model changes, and so forth. This approach was an important beginning for the field of model risk management as it helped identify existing models, discover fundamental errors in existing models, and prevent inappropriate use of models. However, model risk teams often focused only on processes that already include models and did not identify processes that would be significantly improved by using models. This results in model risk teams overlooking modeling capabilities that a process truly needs. However, model risk teams can go on the offensive and use their model inventory as a source of crucial business intelligence. Model risk teams can start to identify processes that do not include models and could recommend the use of existing models to improve those processes. Furthermore, model risk teams can reduce expenses at a bank by guarding against the development or purchase of models with redundant capabilities. Model risk management teams can ultimately be a champion for the extensibility and efficient use of models at an institution. The article was written by Jacob Kosoff, Aaron Bridgers, and Henry Lee. The article was published by the RMA Journal in September 2020.
predictive-analytics-the-silver-bullet-in-efficient-risk-management-for-banksArup Das
This document discusses how predictive analytics can help banks improve risk management. It begins by outlining the major risks banks face and the regulatory requirements around risk management. It then discusses how predictive analytics can enhance various aspects of enterprise risk management, including improving credit decisioning, enhancing credit quality, and enabling a 360-degree view of customers. The document provides examples of how social network analysis and big data can generate insights to better identify fraud and risk. Overall, the document argues that predictive analytics, when embedded into risk management frameworks, can help banks more efficiently identify and respond to risks.
QlikView for Risk and Customer IntelligenceQlikView-India
This document provides an overview of QlikView software for risk management and customer intelligence applications in the financial services industry. It begins with an agenda and introduces QlikView's capabilities for risk/fraud analysis and customer intelligence. It then presents several case studies of banks and financial institutions using QlikView for tasks like risk monitoring, fraud investigation, customer targeting, and transaction analysis. Screenshots of sample QlikView applications are shown. The document concludes by discussing QlikView's uniqueness and advantages over traditional business intelligence tools.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
The document summarizes a session from the Society of Actuaries Spring Meeting on building and maintaining effective risk dashboards. The session discussed what risk dashboards are, their purpose in providing consolidated risk reporting across an enterprise. Keys to success include integrating different risk types into a single dashboard and ensuring executive sponsorship. The session also provided a case study on how risk dashboards could have helped identify risks in the subprime mortgage crisis. Implementation challenges included issues with data availability, integration into decision making processes, and legal implications of disclosing risk information.
FINANCIAL & CORPORATE COLLATERAL > portfolio // Linda C. ModicaLinda Modica
This short visual presentation contains the design work of Linda C. Modica, a NYC-Metro area art director & graphic designer. Selected published works for GSMI, IMN (Information Management Network) and Black Swan Consulting Group.
Our latest analysis of readiness and maturity of intraday liquidity management shows that many financial institutions run the risk not to meet payment and settlement obligations, if they don’t manage their intraday liquidity effectively. There are ways to make up for the necessary investments to that end by optimizing the intraday liquidity management.
1. Funds Transfer Pricing (FTP) is a risk control policy that separates interest rate risk from operational risk, allowing business unit performance to be measured independently of interest rate movements.
2. Through FTP, profitability is managed against market benchmarks for assets and liabilities. Liquidity and interest rate risks are addressed centrally through balance sheet management that integrates ALM policies with FTP.
3. FTP helps establish internal funding costs, enables product comparisons, and promotes transparent risk management through centrally controlled pricing and hedging based on balance sheet mismatches.
The document discusses the future of risk management in banks over the next decade. It states that by 2025, risk functions will need to be fundamentally different and transformed more than in the last decade. Regulations will continue expanding while customer expectations rise. The risk function of the future will have broader responsibilities, stronger collaborative relationships, and expertise in analytics and collaboration over processes. IT and data will be more sophisticated using big data and algorithms. Risk decisions may be made at lower costs while improving customer experience. Banks need to prepare and rebuild risk functions now to thrive during this period of transformation.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Setting Conduct Risk Appetite. Assessing risk and identifying cultural driver...Compliance Consultant
Conduct Risk is sweeping the financial services world and catching many risk manager out as there is still a lack of understanding.
Risk management need to determine the corporate risk philosophy and appetite. To assess or understand the risk philosophy, try to comprehend the organisation's culture, values and environment. The way business operations are conducted on a daily basis and the organisation’s strategy are typically good indicators where you can find the company risk philosophy. Assess whether business has an aggressive, innovative, typical or conservative attitude towards risks for achieving business goals.
Risk appetite is simply the amount of risk which the organisation is willing to take to undertake business activities and achieve the business objectives, where Conduct Risk is concerned this has to include good customer outcomes. A simple question to ask the board of members could be “What amount of reported mismanagement or public uproar would make you uncomfortable if it appeared in the business newspapers?”
Consolidate the various risk exposures from the risk department's identified risks and present them to the board. Finally, assess whether the company’s internal perception and rhetoric on risk philosophy and appetite are consistent with the board and other stakeholder's viewpoints. Realign the two where required to prepare the annual strategy.
Turn the STRESS in Stress Testing (Bank Loan Portfolios) into an Empowering E...Gateway Asset Management
Sponsored by Gateway Asset Management, this webinar document covers:
> Stress vs. Empowerment
> Primary Regulatory and Accounting Catalysts
> CECL- Current Expected Credit Loss Model/ALLL
> Stress Testing – Loan Portfolios
> Why Prepare for CECL and Stress Testing At The Same Time?
> Life-of-Loan "Base Case" & Stress Testing - Foundation - Building Blocks
> Models – Different sources and levels of sophistication
> Use of Models - Regulatory Guidance
> Why Start Preparing for CECL and Stress Testing Now?
The document provides an overview of credit scoring and scorecard development. It discusses:
- The objectives of credit scoring in assessing credit risk and forecasting good/bad applicants.
- The types of clients that are categorized for scoring, including good, bad, indeterminate, insufficient, excluded, and rejected.
- The research objectives and challenges in building statistical models to assign risk scores and monitor model performance.
- The research methodology involving data partitioning, variable binning, scorecard modeling using logistic regression, and scorecard evaluation metrics like KS, Gini, and lift.
This document outlines an upcoming two-day training on Anti Money Laundering and Counter Terrorism Financing taking place in Bangkok, Thailand from May 12-13, 2016. The training will be led by R.M. Magan and cover topics such as international AML standards, designing effective risk-based AML programs, red flags, and workshops using case studies. Attendees will include compliance officers and others working to prevent financial crimes. The agenda includes sessions on money laundering trends, policies and procedures, risk assessments, and know your employee practices.
The Royal Bank of Scotland is one of the oldest banks in the UK, founded in 1727. It provides banking and financial services globally through divisions like Global Banking & Markets, Corporate Banking, Retail, Wealth Management, Ulster Bank and Citizens. The bank employs over 137,000 people worldwide and had $38.8 billion in revenue. Philip Hampton serves as the Chairman of the Board of RBS.
This document outlines a study on the evolution of grounded theory for credit scoring in India. It begins with an introduction to lending, borrowing, credit evaluation and decisions. It then reviews literature on grounded theory and credit scoring models. The document describes the research methodology, including the problem, objectives, data collection, validity/reliability. It presents the data analysis and coding process using NVivo that led to the development of several theories. Case studies are provided on the theories for public sector banks, private sector banks, and foreign banks. Finally, suggestions and limitations of the study are discussed.
Delopment and testing of a credit scoring modelMattia Ciprian
1. modeFinance is an Italian company that provides credit rating reports and evaluations of companies' creditworthiness using its own rating methodology called MORE.
2. modeFinance aims to answer everyday questions about companies' real creditworthiness from customers, suppliers, partners, and banks.
3. modeFinance's products help customers monitor their financial portfolios and evaluate the credit risk of companies worldwide. modeFinance has been accepted into The MathWorks Connections Program to further develop its MORE credit rating product.
Gainsight on Gainsight: Managing Code RedGainsight
Most Customer Success teams have some concept of “Code Red” accounts – the at-risk accounts that need focused, concerted attention to get back on track. At Gainsight, we’ve spent the last three months actively refining our Code Red process, and are excited to share how we’ve developed a more consistent, efficient, and effective program.
In this 45-minute webinar, we’ll review the key elements of our Code Red program and how we use Gainsight to manage it. We’ll cover:
-Our overall program structure
-How we use Gainsight to manage Code Red work plans
-How we run our Code Red Meeting
-How we report on Code Red so we can keep improving
Among the many healthcare recruitment agencies in Sheffield, Fusco Browne Healthcare tops the popularity charts of job seekers looking for some excellent opportunities. The company makes sure to apply its best knowledge for complete client satisfaction. Visit : http://www.fuscobrownehealthcare.co.uk/
This document discusses 5 recruiting challenges faced by a large pediatric medical center and their solutions to overcome them. The challenges include the high cost of travel for interviews, the time and resources needed for reference checks, high nurse turnover, large volume recruiting needs, and increasing applicant flow. The solutions implemented were video interviewing, automating reference checks, implementing behavioral assessments to evaluate fit, using telephonic automated screening for high-volume roles, and improving the candidate experience through search engine optimization and a mobile-friendly career site.
A Cincinnati hospital needed a cost-effective way to target nurses online for recruitment. While others used general sites like Cincinnati.com or the flooded Nurse.com, their cost-per-click was high at $1350 and $46-85 respectively. We tried something different in targeting our audience and standing out for a much lower cost-per-click of only $6.64, which yielded huge success for our client. We proved we have the experience to effectively reach nurses online without breaking the budget.
Customer Health Scores and Risk ManagementGainsight
- Chad discussed Influitive's use of customer health scores and a risk management model called CAPRI (Communication, Accountability, Proactive Planning, Rhythm, Iterate) to scale their customer success team.
- The health scores bucket customers into categories like "Code Red" or "At Risk" based on factors like product adoption, manual reviews, and customer advocacy.
- Influitive's initial system had flaws like unupdated manual scores, but improved over time by adding accountability, playbooks for at-risk customers, and regular process rhythms.
- Chad advised attendees to start small by focusing on "bright spots", create clear processes and accountability, and continually iterate and improve their health score systems.
Description:
2016 Glassdoor Summit
Steve Degnan, CHRO at Nestlé Purina – U.S.Engaged and Agile: Critical Capabilities for Today’s Leaders
https://www.youtube.com/watch?v=0PLkmhRAHRs
How to Retain Your Employees and What to Do If You Lose Your Star PlayerGlassdoor
Every manager has experienced that moment of panic when a star performer announces he or she is leaving. Departures not only affect the bottom line — they can decrease employee morale and accelerate other exits.
Global staffing firm Robert Half is teaming up with Glassdoor, an online jobs and career marketplace. The companies are presenting a complimentary webinar, “How to Retain Your Employees and What to Do if You Lose Your Star Player,” which will examine the reasons star employees leave and what managers can do to keep them.
You’ll learn:
• Why good employees quit (spoiler: It’s not always just about money)
• Tell-tale signs an employee might leave
• How to create a “disaster plan”
• Strategies for engaging and retaining employees
Featuring expert speakers:
• Paul McDonald, senior executive director, Robert Half
• Alison Hadden, director of brand strategy, Glassdoor
IBM would likely develop long-term, collaborative relationships with Keytronic focused on mutual benefits rather than individual transactions. Relationship purchasing requires focus on supplier retention through close cooperation and information sharing to improve factors like price, quality, and delivery. These types of relationships are useful as they allow IBM and Keytronic to work together innovatively as partners to achieve their goals.
For the 'DimS' product, Paul should use a strategic alliance relationship strategy. This high-volume manufacturing industry benefits from a close, cooperative relationship where risks and rewards are shared. A strategic alliance allows for network sourcing through collaborative planning and is well-suited for the product's needs.
EY offers transaction advisory services to help companies with their capital planning needs like preserving, optimizing, investing, and raising capital. These services include mergers and acquisitions advisory, due diligence to validate financial statements and reduce risk, business valuations, and debt restructuring. EY's transaction advisory services aim to help clients grow and achieve their objectives through arranging capital, integrating businesses through M&A, and selecting partners to benefit from transactions. This supports clients' expansions which in turn generates employment and economic growth, thereby building a better working world.
The Healthcare Industry faces an ever-increasing competitive environment for their workforce. This webinar will explain why Recruitment Process Outsourcing (RPO) is becoming so popular for healthcare organizations and best practices that should be considered when selecting a prospective partner. The scalable solution of RPO provides ROI typically in reductions in cost per hire, improved hiring metrics with greater candidate access and streamlined recruitment processes.
Learn more at: http://www.rpoassociation.org/webinar-abcs-of-healthcare-rpos
Customer Success Operational Dashboards for Executives and LeadsGainsight
This document contains confidential operational dashboards for executives and leads at Apttus, a company that provides quote-to-cash software. It summarizes key metrics on customer success, renewals, regional trends, and initiatives. The dashboards provide a weekly snapshot of customer health, renewal rates, new business wins, and action items to improve adoption and risk mitigation. They also include quarterly and annual summaries of goals, highlights, and risks. The purpose is to enable all levels of the organization to make data-driven decisions using reliable, real-time metrics.
Infrastructure as Code Maturity Model v1Gary Stafford
Systematically Evolving an Organization’s Infrastructure . The original version of the IaC Maturity Model. See the latest version here: https://www.slideshare.net/garystafford/how-mature-is-your-infrastructure.
Watch an on-demand recording of this presentation:
http://www.mulesoft.com/webinars/esb/connecting-the-new-enterprise
The mega-trends of SaaS, mobile and Big Data are converging, generating a new wave of business opportunity for enterprises. The convergence demands a new kind of platform – one that connects and takes advantage of the explosion of endpoints and data caused by organizations each choosing a uniquely diverse set of best-of-breed applications to power their business. Ross Mason discusses his vision for this new platform and demonstrate how MuleSoft’s solutions are making it a reality.
Discussions include:
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Is SOA really dead?
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Can the Anypoint platform help me secure a competitive advantage?
The document discusses the results of a survey on recruiting healthcare professionals. It finds that healthcare professionals are increasingly looking for new jobs and learning about openings through social media and professional events. The top attributes they want in recruiters are transparency, being proactive, and understanding the medical field. While compensation is important, culture and mission are also strong motivators. The document presents a case study of Mercy Health System that has successfully used Glassdoor to attract candidates and lower costs compared to traditional advertising.
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.
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.
Riskpro is an Indian organization providing risk management services through offices in major cities. It aims to be the preferred provider of governance, risk and compliance solutions for mid-large sized companies. It offers a hybrid delivery model providing quality advisory services at affordable rates compared to large firms. Riskpro's main focus and differentiators include risk management experience, ability to take on large complex projects, and commitment to client service. The document provides an overview of Riskpro's services such as Basel compliance advisory, corporate risk assessment, information security, operational risk reviews, governance services, risk management training and recruitment support. It also outlines Riskpro's risk management benchmarking methodology and project approach.
Riskpro is an Indian organization providing risk management services through offices in major cities. It aims to be the preferred provider of governance, risk and compliance solutions through integrated consulting services. Riskpro differentiates itself by offering quality advisory services normally provided by large firms, but at more affordable rates. Its main focus is on risk management, and it has over 200 years of cumulative experience across a multi-skilled team. Services include Basel compliance advisory, corporate and operational risk assessments, information security, governance, and training. The document provides an overview of Riskpro and its risk management benchmarking methodology.
This document discusses applying lean principles to data quality management (DQM) and risk/compliance reporting. It describes lean DQM as focusing on reducing waste by minimizing time spent building unwanted solutions through shorter iterations, prototyping, and a build-measure-learn cycle. A lean approach pairs data quality specialists and business users to prototype reports/dashboards and get early, actionable feedback. This validates requirements and priorities before full implementation. The document demonstrates this approach using tools like X88 Pandora and Tableau to prototype risk reporting by financial instrument, region, and industry sector to meet new regulatory requirements.
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Use these scenario-based questions to prepare thoroughly for your Risk Analyst interview and showcase your skills and experiences effectively , Swipe left to know more about acing your Risk Analyst interview and landing your dream job in the field of risk management and compliance!
This document discusses using advanced analytics to improve business operations and profitability. It outlines a 4 phase strategy: 1) Develop a baseline of the current business capabilities and opportunities for improvement. 2) Integrate additional internal and external data sources to build business intelligence reporting and models. 3) Develop tools to influence areas like underwriting, pricing, product design and market expansion. 4) Measure the results of efforts through reporting, dashboards and algorithms to evaluate performance. The overall goal is to increase knowledge of the business and customers to identify opportunities, automate processes, and track outcomes of strategic initiatives.
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The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Self-paced Test Preparation Software Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Self-paced Test Preparation Software Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights.
This document sets out the core information that underpins the rimap® certification.
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2. A review of risk training, technology
and advisory services
Gamma Advisory Services March 2014
Pravin Shirname
2
3. “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 Drucker
Gamma Advisory Services March 20143
4. Background
Gamma Advisory Services March 20144
Pravin Shirnamé, Principal Advisor, Gamma Advisory
Services:
Set up Gamma Advisory Services in 2010 aimed at
improved 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.
5. Objectives
Gamma Advisory Services March 20145
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
6. Services
Gamma Advisory Services March 20146
Programs:
Reviews: review of key
components
Vocational: teaching, practice
& testing
Advanced review of cutting
edge industry practices &
research covering all major
areas of risk
Risk advice on policy and
practices
7. Users
Gamma Advisory Services March 20147
New hires, functional specialists and top
management (based on program)
Cross functional users
Front, Middle, and Back Offices
Risk, Analytics
Information Technology (systems, programming,
testing & support)
Finance
Risk audit, compliance
Legal
8. Delivery Mechanism
Gamma Advisory Services March 20148
Based on specific program
Seminar or Classroom
Reading or Review matter
Presentation
Computer aided demonstration
Spreadsheet exercises
Testing for vocational programs
9. Range of programs
Gamma Advisory Services March 20149
Treasury Certification Program
Treasury Review Program
Treasury Review for Relationship
Managers @
Advanced Risk Reviews
Market & Counterparty Risk
Asset & Liability Management
Credit Risk @
Risk Review & Advisory Services
@= under preparation
10. Range of programs
Gamma Advisory Services March 201410
Advanced Reviews
Model Risk Management
Validation Methods for Risk Models
Stress testing of all risks @
Economic Capital & Capital Planning @
Risk Policies
Building Blocks
@= under preparation
12. Certification Program (ITTP)
Gamma Advisory Services March 2014
Contents
A four module coverage ensuring a comprehensive
review of all major facets of treasury business
A. Treasury products and pricing
B. Risk controls and capital assessment
C. Documentation (for derivatives)
D. Accounting
12
13. Certification Program (ITTP)
Gamma Advisory Services March 2014
Who should attend ?
The treasury professional from treasury front office,
mid-office, risk management, back-office, audit,
financial control, legal, and system specialists.
Each function is allocated modules based on work
area specialization. Modules(1&2) on products, risk
and capital assessment is common to all functions
13
Updated
Annually
14. Certification Program (ITTP)
Gamma Advisory Services March 2014
Structure
Program structure: Workshop & Certification
Components: Text material, presentations with
spreadsheet demonstrations, Case studies
Customised reading material of over 1200+ pages
spanning 24+sections along with 1800+ presentation
slides review material for each as well as over
350+spreadsheets examples. Range of case studies
provided.
Candidate Testing
14
15. Certification Program (ITTP)
Gamma Advisory Services March 2014
Modules & Sections: A. Products and
Pricing
Introduction
Building Blocks
Money Markets
Forward Rate Agreements
Interest rate futures
Bonds
Repurchase Agreements
Bond Futures
Yield Curves
15
16. Certification Program (ITTP)
Gamma Advisory Services March 2014
Modules & Sections: A. Products and
Pricing
Foreign Exchange
Currency Options
Interest rate Swaps & other derivatives
Mutual Funds
Credit Derivatives
Securitisation
Gold and Commodities
16
17. Certification Program (ITTP)
Gamma Advisory Services March 2014
Modules & Sections: B. Risk control and
Capital Assessment
Treasury Market Risk
Treasury Credit Risk
Asset Liability Management
Capital for Market and Credit Risk
Cases
17
18. Certification Program (ITTP)
Gamma Advisory Services
March 2014
Modules & Sections : C. Documentation
for Derivatives
Documentation for derivatives
Documentation Process
1992 ISDA Master
2002 ISDA Master
Default and Insolvency
Tax withholding
Credit Derivatives
Credit Support Documentation
18
19. Certification Program (ITTP)
Gamma Advisory Services
March 2014
Modules & Sections : D.Accounting for
treasury business
Accounting and Controls
Money Markets
Interest rate instruments
Foreign Exchange and options
Credit Derivatives
Equities
Hedge accounting
19
20. Certification Program (ITTP)
Gamma Advisory Services
March 2014
Modules & Sections : Preparatory
Spreadsheets in Finance
Review of operations, formulas and functions,
naming, charting,
Statistical tools: Description, Distribution analysis,
Regression
What-if analysis: sensitivity analysis with tables
Multipage systems and lookups
Databases : Sorting & filtering, data forms, subtotal,
pivot tables
Financial and Statistical functions
Using Solver and goal seek for finance
20
21. Certification Program (ITTP)
Gamma Advisory Services
March 2014
Modules & Sections : Preparatory (2)
Financial Modeling with spreadsheets
Statistical analysis of time series data
What-if analysis: sensitivity analysis with tables
Financial and Statistical functions
Applications using Solver and goal seek for yield
curve and risk
Matrices for risk assessment
Simulation techniques : random generators,
bootstrapping, generating random paths, monte
carlo simulation methods
Utilities: lookup (one and two way), interpolation
21
23. Review Programs (TRP)
Gamma Advisory Services March 2014
Program structure
A. Banking & Economy
B. Trade Products & Processes
C. Analysis & Reporting
D. Structure & Maintenance
23
24. Review Programs (TRP)
Gamma Advisory Services March 2014
Who should attend ?
The treasury professional from treasury front
office, mid-office, risk management, back-
office, audit, financial control, legal, & system
specialists.
Background neutral
New treasury entrants or laterals and senior
management review
Overview of treasury process
24
26. Review Programs (TRP)
Gamma Advisory Services March 2014
A. Banking & Economy Background
Financial System
Markets
Functions of Financial Systems
Institutions
Monetary Economics
Market Behaviour
Central Bank role and activities
Macroeconomic Review
Economics of international trading
Bank Management
26
28. Review Programs (TRP)
Gamma Advisory Services March 2014
B. Processes
Processes
1. Trading background
2. Trade Ticket
3. Stages of a trade
28
29. Review Programs (TRP)
Gamma Advisory Services March 2014
C. Analysis and Reporting
Accounting: concepts of realised and un-
realised profit, accrued interest
P&L Attribution : uses and process
Counterparty risk : Credit , pre-settlement &
settlement risk, mitigation
Market Risk: positions, gaps, stop loss,
ageing of holdings, sensitivities, value at risk ,
stress testing, back testing
Listing
29
30. Review Programs (TRP)
Gamma Advisory Services March 2014
D. Structure & Maintenance
Trade Organisation: Entities, counterparties,
books, static data
Departmental Organisation: Roles of various
departments
Asset holding : Holdings, value, reconciliation,
etc
Trade administration: rates, cashflows etc.
Market and non-market data : data types, users,
errors , management
Systems : Overview of system functionality,
examples
Listing
30
31. Treasury Review for Relationship
Managers @
Gamma Advisory Services March 201431
32. Review Programs (TRRM)
Gamma Advisory Services March 2014
Program Structure
A. Banking & Economy
B. Traded Products
C. Risk Management
32
33. Review Programs (TRRM)
Gamma Advisory Services March 2014
Who should attend ?
The corporate, middle market and other non-
treasury relationship managers along with
non-treasury operations.
Background neutral
New entrants or laterals and senior
management review
Overview of treasury products and risk
33
34. Review Programs (TRRM)
Gamma Advisory Services March 2014
A. Banking & Economy Background
Financial System
Markets
Functions of Financial Systems
Institutions
Monetary Economics
Market Behaviour
Central Bank role and activities
Macroeconomic Review
International Trade
Bank Management
34
38. Advanced Reviews
Gamma Advisory Services March 2014
Who should attend from banks,
regulatory agencies, software firms
risk analytics
risk management
risk audit
finance
system specialists
38
39. Advanced Reviews
Gamma Advisory Services March 2014
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
39
40. Advanced Reviews: Market Risk (1)
Gamma Advisory Services March 2014
Advanced Reviews of Market Risk
Controls
Organisation, Process, Policy and
Controls
Parametric Value at Risk
Aggregate Measures
Mapping Cash flows
Product wise application
Applying to non-normal variables
40
41. Advanced Reviews: Market Risk (2)
Gamma Advisory Services March 2014
Advanced Reviews of Market Risk
Controls
Historical Simulation
Alternative weighting methods
Alternative simulation methods
Scaling risk measures
Scaling and adjusting for non-normality
41
42. Advanced Reviews: Market Risk (3)
Gamma Advisory Services
March 2014
Advanced Reviews of Market Risk
Controls
Monte Carlo Simulation
Components
Generating random numbers
Alternatives for MCS VaR
normal random variables, factor models,
decomposition, multi-steps, non-normal
simulation, copula methods, principal components
Improving MCS VaR
Demonstrating simulation software
42
43. Advanced Reviews: Market Risk (4)
Gamma Advisory Services March 2014
Advanced Reviews of Market Risk
Controls
Preview of Market Risk in the future
Assessing capital for market risk
Assessing economic risk
Risk management application
Other applications of market risk measures
43
44. Advanced Reviews: Counterparty
Risk
Gamma Advisory Services
March 2014
Advanced Reviews of Counterparty Risk
Controls
Product Review : FX and Interest Rates
Credit risk in treasury operations
Risk reduction
Quantification of credit exposures, CVA, DVA, FVA
Capital Assessment with Basle I, II and III
Credit Risk Templates using analytical and
simulation tools (exposure, credit risk)
Model controls
Risk analysis and reporting
44
45. Advanced Reviews : Wholesale Credit
@
Gamma Advisory Services
March 2014
Wholesale Credit risk management
Components of credit
Financial statement review
Credit analysis of different entities
Credit approval process
Ratings
Credit organisation
Credit management, reporting & remediation
Credit modeling
Credit risk valuation and loan pricing
Portfolio credit risk assessment
Performance evaluation
Regulatory capital
45
47. Advanced Reviews : Retail Credit (2)
@
Gamma Advisory Services
March 2014
Credit Scoring & Response Modeling
Objectives of using scoring
History of credit data
Overview of credit scoring
Review of techniques
Development and management of credit
scoring
47
48. Advanced Reviews : ALM (1)
Gamma Advisory Services
March 2014
Asset Liability Management
Interest rate risk measurement & management
Review of IRR
Definition and assessments
Gap Analysis
Income simulation
Duration & convexity based IRR
Economic Value Simulation
Measuring IRR of different products
Rate estimation
Use of models for AL
IRR management review
48
50. Advanced Reviews : ALM (3)
Gamma Advisory Services
March 2014
Asset Liability Management
ALM Policies, Organisation, Risk Limits &
Systems
ALM decision making
Managing IRR without derivatives
Managing IRR with derivatives
Managing asset mix
IRR policies and controls
LR policies and controls
Systems
50
51. Advanced Reviews : ALM (4)
Gamma Advisory Services
March 2014
Asset Liability Management
Other topics
Review of regulations
Funds Transfer Pricing
Liquidity Transfer Pricing
51
52. Special Topics (1)
Gamma Advisory Services
March 2014
Model Risk Framework
Overview of Model Risk Management
Model development, implementation and use
Model evaluation framework
Governance Framework
Model Risk Validation
Procedures, Tools for validation
Review of validation for CR, MR, CCR and
ALM
52
58. Quantitative Skills
Gamma Advisory Services March 2014
Building blocks for Risk Modeling
Mathematics, Algebra and Calculus for
Finance
Probability and Statistics
Regression Models
Classical Models of Volatility and Correlation
Introduction to GARCH models
58
59. “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 March 201459
60. Thank You
Gamma Advisory Services March 2014
E-Mail:
gammaadvisory@gmail.com
Web:
http://gammaadvisoryservices.weebly.com
60