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Core Treasury Skills
2 Day Workshop
Introduction
This seminar is intended for those who are new to the treasury function of a bank, new to market trading or who wish to gain an understanding of the core skills required to work in a treasury environment. It will be of use to:
investment professionals
treasury professionals
balance sheet and capital managers
asset and liability managers and analysts
risk managers and portfolio managers
treasury middle office and operations personnel
treasury auditors
investment bankers
regulatory and compliance personnel
it and operations professionals.
Pre-requisites
No prior experience of market trading or of treasury activities is required as this seminar first covers the basics before moving on to more advanced topics. However it is assumed that all delegates are familiar with common financial terms and have a basic understanding of banking and the functions of a financial institution.
Content
Day 1 – Understanding treasury and market activities
An introduction to treasury and market functions
The role and structure of a bank’s treasury
Market risk
Traded market risk
Interest rate risk in the banking book
Trading strategies
Capital
Types of market instrument
Cash instruments
Foreign exchange - Spot and Forward
Foreign exchange rate swap
Loans/deposits
Certificates of deposit
Bonds
Equities
Commodities
Derivative instruments
Forward Rate Agreements
Swaps
Options
A practical introduction to banking and finance theory
Time value of money
Banking and applications of:
Portfolio Theory
Intrinsic value
Expected utility theory
Arbitrage and equilibrium theory
Efficient market hypothesis
Asset and liability management
What is ALM?
Interest rate risk management
Liquidity, liquidity risk and its management
Hedging strategies
Day 2 – Measuring market risk and understanding derivatives
The uses of statistics and application of VaR
Definition of and introduction to statistics
Definition of Value at Risk
Computing Value at Risk
Using Value at Risk
Beyond simple VaR
Practicalities of VaR
Yield Curves
The yield curve and the term structure of interest rates
By becoming a GARP member you become part of a global community of financial risk professionals. 
