Shop

Popular
London, Europe, MENA, GCC
CPEs: 24
Instructor: Dr Gary Van Vuuren
Level: Introductory / Refresher
Tuition: £2,245.00
Register Now

NEW The Mathematics of Banking & Finance: Upskilling Workshop RM034N

Location: London, Europe, MENA, GCC

First Date: Oct 26 - 28 2021

Duration: 3 days/24 hours

Programme Director: Dr Gary Van Vuuren

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2021 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

"I already had a prior knowledge on the subject but it was good to refresh my knowledge and also learn some new things."
Credit risk manager, European Bank, UK
Agenda Highlights

Session 1: A brief history of financial mathematics and the importance of financial mathematics in today’s world, why Excel? Some important tools and applications used by Excel

Session 2: Risk and return – why are they so important?

Session 3: Selected background reminders (including exponential functions, logarithms, Taylor Series expansion, calculus, polynomials, matrix theory, eigenvalues, eigenvectors, Fourier theory and applications of these)

Sessions 4 and 5: Probability and probability theory

Session 6: The time value of money and its importance

Session 7 through 9: Risk – the ubiquity of risk and why financial mathematics is so important in the estimation and understanding of risk

Session 10: Regression (simple, multivariate, logistic)

Session 11: Derivatives, the background, Black and Scholes, binomial approaches & the Greeks

Session 12: Overview of course, more practical applications, simple introduction to VBA macros & wrap up

"The [course] feed back was fantastic."
LPD Manager, World Bank, Kampala
Overview

The mathematics of finance is the application of mathematical methods to financial problems (also sometimes called quantitative finance, financial engineering and mathematical finance).

MoF draws on tools from probability, statistics, stochastic processes, and economic theory and is used by investment banks, commercial banks, hedge funds, insurance companies, corporate treasuries, and regulatory agencies to solve problems including derivative securities valuation, portfolio structuring, risk management, and scenario simulation.

Quantitative analysis has brought efficiency and rigor to financial markets and to the investment process and is becoming increasingly important in regulatory concerns.

Whether as a refresher or for those new to the subject delegates will explore key concepts and principles to understand their value in banking and finance, risk management and to enable their application in the workplace.

 

"Dr Gary is very knowledgeable, approachable, friendly and professional. Excellent."
Senior Credit Risk Manager, Kuwaiti Commercial Bank, London
Who Should Attend

While this course is designed primarily for risk managers, quantitative analysts and model builders/validators, recent delegates include those from accounting, internal audit, legal, IT, operations, HR, management accounting firms, consultants and software vendors.

Additional Course Information

What Does It Cover?

The yield curve and why it is so important, assembly, interpolation between key terms, linear, cubic, credit-risk-based term structures, role played by the yield curve in, present value calculations, bond pricing, derivative pricing, Risk – the ubiquity of risk, measurement of risk, risk metrics (such as volatility)standard deviation (equal weighting)exponential weighting techniques, GARCH approaches, Market risk, VaR (value at risk)expected shortfall, Credit risk, credit rating agencies and their role in determining credit risk, measurement of probabilities of default (PDs)point in time and through the cycle PDs, converting between PiT and TTC PDs, losses given default, exposures at default, combing these to calculate credit risk, Derivatives, high level explanations of the Black and Scholes model for pricing derivatives, how does the formula work and what is it calculating?, the Greeks – sensitivities, Bonds, Pricing, Duration and convexity explained – how to calculate these, Stress testing, The importance of stress testing, Things to consider when stress testing, Correlation structures and positive semi-definiteness and much more.

Learning Objectives

Delegates will gain specialist technical knowledge, skills, techniques and approaches to

  • Understand the dual importance of risk and return
  • Understand the basics of probability theory and statistical theory (necessary for risk measurement and management)
  • Understand regression and its importance in modern finance
  • Manipulate data in order to extract relevant, important financial information
  • Understand volatility and correlation and comprehend the importance of these measures in the estimation of risk and return
  • Calculate risk and how to model it (credit, market, operational)
  • Be able to assembled and implement simple macros (using VBA) for use in Excel spreadsheets
Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, using real-time Excel-based spreadsheet examples and case studies (available via email after the course is completed), reference to regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, and for polling and quizzes. (An invitation via email with access link is included for all participants.)

Registration

Sale

NEW The Mathematics of Banking & Finance: Upskilling Workshop

Course Fee

Early Bird Discounts of 10% available by May 15, 2021

Course Fee (per person):
GBP £2,245.00 (+ UK VAT when applicable)

Number of delegates:

Data Privacy & Update of Contact Details Risk Reward Limited is fully compliant with the Data Protection Act. The information you provide will be safeguarded by Risk Reward Ltd. We do not rent, sell or exchange your details to anyone without your consent. Your details are never given to third parties. If you wish to update your details, please email: info@riskrewardlimited.com with your OLD and NEW details. Please allow 10 days to see the changes take effect. Thank you.

Terms and Conditions: You can cancel at any time. Due to the on-going COVID 19 environment cancellations may be made at any time for either a full refund or a credit towards another event occurring within the following 6 month period. Simply email or telephone the London Client Services team at training@riskrewardlimited.com to advise your preference and we will do our best to accommodate your circumstances. Risk Reward Ltd receives the right to a final decision in the event of a dispute.

All Risk Reward public courses are guaranteed to run although those offered by affiliates are subject to demand

Quick Contact

    Get in touch and see how Risk Reward can help you

    Our London team are ready to answer questions, provide information & choices to help make your public seminar booking in a prompt, professional & friendly manner.

    Get in touch and see how Risk Reward can help you

    Our London team is ready to listen carefully to your needs, take the brief, explore options, offer suggestions and help you in a professional and friendly manner.