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4th Treasury Operations Certificate Program

Course Name 4th Treasury Operations Certificate Program
Schedule August 10, 2017 - August 19, 2017

Thursdays - Saturdays

9:00 am - 5:00 pm

Price: Php 35,400.00
Description

This program covers the full complement of processes in the life cycle of a Treasury trade, as it is dealt in the front office, risk-managed in the middle office and processed in the back office. It uses select asset classes and their derivatives to illustrate the detailed workflow and Operational risk points for each function. It describes and applies the framework of Straight-Through Processing (STP) within the entire trade life cycle – from deal entry to financial and risk reporting, and emphasizes the alignment of these functions with post-Global Financial Crisis 2008 reforms, e.g., trade repository reporting, central clearing through a recognized exchange as recommended by the U. S. Dodd-Frank Act. This is based on the ACI Operations Certificate Syllabus of 2013

Objectives

To facilitate learning on the core knowledge, essential skill sets and global standard market practices on:

1. Key operational processes and their connectivity, involved in the life cycle of a trade, generic to all Treasury deals and unique to specific products

2. Operational risk in the various activities as defined and described by Basel and the required internal controls to manage this risk as it affects other enterprise risks

3. Sequence of logical steps in Straight-Through Processing (STP) enabled by a Treasury Management System (TMS) 

4. Front-office and back-office segregated functions and processes including Best Practices Operations as embodied in The PH Model Code

5. Pricing and valuation of Treasury products applying basic financial math

To appreciate the role of Operations as more than a ‘back-office’ function as it involves efficient processes, change management and internal controls

Who should attend
  • Recent entrants to Operations
  • Trading Room Support Staff
  • Front-office Personnel
  • Product Control and Risk Officers
  • Compliance Officers
  • Internal and external Auditors
  • System Developers and IT Vendors
  • BPOs and Shared Services Personnel
Outline

Day 1


A. Trade Execution   

      

o Before The Trade


 To map out the steps that a dealer takes before concluding  a trade


o The Trade


To show how a deal is consummated through various channels, with diverse parties, for different intents


o After The Trade


To keep track of FX and liquidity positions affected by the trade


B. Role of Treasury   

         

To provide the functional context of Treasury within the Financial Markets Division, focusing on the role and responsibilities of each desk and the required support functions to achieve Return on Economic Capital


C. The Global Financial Markets (Part I)


o Fixed-income Securities Market


To explain and differentiate the attributes of each money and capital market instruments. 

 

 Currency Exchange Market


To describe the characteristics of FX spot, forward and swap contracts and their uses for hedging and for active risk taking.    


Day 2


C. The Global Financial Markets (Part II)


o Derivatives Market


To discuss the generic types of derivatives - forwards, futures, swaps, options across select   asset classes and their practical applications by banks and corporates


D. Front Office and Operations Overview


To describe the strict segregation of the dealing room and back-office functions


E. Deal Capture


To illustrate the life cycle of a trade that starts with deal capture and trade entry after it is dealt and the post-trade processes that ensue

 

Day 3


F. Confirmation

 

To illustrate the sub processes in trade confirmation – sending of confirmation advices, matching and affirmation

 

G. Settlement & Clearing

 

To demonstrate and emphasize the importance of settlement and payment  systems for securities and funds, (e.g., Continuous Linked Settlement or CLS), domestic transfer systems for USD and RMB


H. Reconciliation and Resolution 


To exemplify the matching of two records with the same information (Foreign Currency Control Ledger and FX Blotter reconciliation, Nostro account ledger and SWIFT statements reconciliation) and stress the relevance of investigations to identify and rectify variances

 

I. Profit & Loss  Measurement 


To account for Profit or Losses on risk positions and explain the  accounting principles using Basel Banking and Trading Book segregation – mark-to-market versus accrual


Day 4


J. Enterprise Risk Management


To provide the framework to discuss the 7 Operational risk events as classified and described by Basel and to relate Operational risk to other major risks that an enterprise/firm/bank is exposed to

 

K. Risk Measurement


To discuss Market Value at Risk, Earnings at Risk, Counterparty Credit Risk quantification methodology to manage risk and allocate capital to measure performance through ROEC

 

L. Best Practices Operations (The PH Model Code)


To apply sections of the revised PH Model Code for Best Practices Operations on key processes and Operational risk controls

 

Day 5


M. Trade Life Cycle Simulation


To apply the acquired knowledge and skill sets within near - real  scenarios

 

Day 6

 

Review and Exam

 

 

 

Resource Speakers
Mr. Roy B. Lacsamana

is a global finance professional with intuitive knowledge, extensive expertise and intensive experience in Treasury (Front Office and Operations), Enterprise Risk Management, Financial Derivatives, Global Trade & Finance, and Elliott Wave Analysis. He is consulted to capacitate firms on: balance sheet and capital management, structuring of derivative-based products, proprietary trading, market analysis and trading strategies applying the Elliott Wave Principle, financial modeling for MVaR, formulation of investment and ERM policies, Basel-based risk-adjusted pricing and performance metrics, trade and treasury transaction processing and accounting.

He is a global facilitative trainer for Money & Capital Markets, Foreign Exchange, Basic Financial Derivatives, Enterprise Risk Management, Global Trade & Finance, Elliott Wave Analysis, Counterparty Credit Risk, Credit Valuation Adjustment and All About Market Value at Risk courses, for Central Banks, SEC, universal banks, multinational corporations, local conglomerates, business schools, professional associations, private individuals conducted in key Asian, Middle Eastern and European financial centers. He certifies Money Market and Foreign Exchange traders through the Ateneo-BAP Treasury Certification Program, and designs and develops e-learning courses.

He is also the author of the BAP FX Accounting Manual, Corporate Risk Management Manual, Debt and Fund Management Policy Manuals and co-author of the BAP Financial Market Risk Reference Manual, The PH Code of Conduct and Market Practices (The PH Model Code) for Treasury Activities.