Professional Certificate in Risk Management 2013 www.febelfin-academy.be

ACCREDITED S

sector or to any who are indirectly concerned. The following groups should attend the program:

•Market professionals (traders, sales, structurers, portfolio managers)

•Middle office, product control and back-office

• Internal and external audit function

•Finance function

•Risk management, internal control, compliance function

•Treasurers

•Corporate Finance professionals

•Financial Analysts linked to the financial sector or confronted with Enterprise Risk Management solutions

New formula

To provide the candidates with the best training and

management tools at a competitive pricing, we have

decided to:

a) limit the number of teaching hours mixing teaching with case studies & discussion groups

b) introduction of a complete distance learning platform (including video training, exam rehearsals, case materials with solutions, available through internet).

c) at a reviewed competitive price

d) accredited by EFFAS (The European Federation of Financial Analysts Societies) and validated by the Belgian regulator

MAIN OBJECTIVES

The Certificate aims at

• better preparing professionals facing the current financial services sector challenges;

• giving a structured approach to governance, risk and compliance as well as a full-fledge expertise in the techniques, policies and methods that are appropriate to any effective management, passing through a risk map (including risks such as legal, tax, fraud and technology risks) to close with linking risk and strategy;

• shedding light on all financial markets (from the traditional ones (MM, FX), via the current controversy markets (credit derivatives & structured products) to the emerging ones (commodity);

• giving opportunity to familiarize with quantitative techniques usually supportive of an advanced risk management framework (market, credit and operational risks) or a decision-making process (corporate finance, portfolio management, real options);

• informing on the current regulatory framework and alerting on the new package of reforms to which the sector will be exposed.

BENEFICIARIES OF THE PROGRAM

The Certificate has been tailored to bring value and consistency to professionals of the financial services

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have, at least, one year of relevant professional experience. Exceptions, at the discretion of the organizational committee, can be made for people with non-master degrees but with appropriate experience. Candidates must have sufficient knowledge of English. All classes are conducted in the English language.

Participants are also allowed to subscribe for separate modules. And those, subscribing to module 1 will be invited to follow an extra day of exam preparation and will have the opportunity to sit the ACI Dealing Certificate exam and obtain this famous international degree for Financial Markets.

Courses will be given at Febelfin Academy, Rue d’Arlon / Aarlenstraat 80, (3th floor), 1040 Brussels.

All course material (slides, reading, books, and electronic trainings) will be delivered to the students up-front in electronic or physical form. Several modules will allow participants to sit official accredited international exams. Coffee breaks and sandwich break are included.

Participants will be granted full access to our electronic training and examination platform.

FRAMEWORK

The program is articulated around 4 modules of 4 to 5 days, of which the first three modules are obligatory and the last one is optional. All 105 teaching hours, on Fridays from 9h00 up to 17h00 will take place from April 2013 to November 2013. There will be teaching in the morning, cases in the afternoon. Participants wanting to obtain the Certificate are expected to subscribe to the full program. The certificate is recognized by NBB and FSMA, the regulatory authorities for risk management in the Belgian Market and by the European Federation of Financial Analyst Societies.

Participants will obtain a Professional Certificate in Risk Management if they successfully pass a theoretic multiple choice test and; present and pass an in-depth case-study that will be conducted per group of 4 students on a topic that they have elected in connection with the Certificate. This case-study will be submitted to an Awarding Committee and an oral presentation will be required providing them with a rating. Regular attendance to the courses is a pre-requisite (10 times minimum on a total of 15 days).

To ensure a program of high quality, candidates must hold a master degree or equivalent and

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©Steelcase, 2011

Modules•M1: Financial Markets, market research and

functioning

•M2: Advanced Risk Management

•M3: Corporate Finance for Risk Management

•M4: Advanced Risk Management for other financial services

Awarding Committee

One of the major aims of this program, is to have the sector discuss with the sector. We want to create a level-playing field where the best resources in the financial services sector can have access to a full fledge expertise and outstanding experience in risk management.

For this purpose, it is of the upmost importance to have an Awarding Committee that is “very select”. It will be composed of about 7-9 strong representatives of the sector and will be chaired by Hans Buysse, Program Coordinator and President of ABAF-BVFA. Its role will be to gauge the different case-studies as well as to deliver a constructive feedback on the case studies and the multiple choice tests. The Awarding Committee acts as the examination jury and consists out of the following people:

Hans Buysse SynCap, ABAF-BVFA Johan Van den Branden Febelfin Academy Freddy Van den Spiegel BNP Paribas Fortis Geert Van Lerberghe Febelfin Dirk Van Geneugden PwC

The jury members will be supported by experts depending on the thesis topics.

COMMITTEES

The Certificate Program is developed under the “patronage” of Febelfin Academy in close collaboration with ABAF-BVFA, ATEB and ATEL. It has been approved by the International Group of Treasury Associations (IGTA accredited) and has been accredited by EFFAS (European Federation Financial Analysts Societies).

The program is validated and managed through a multi-layer structure involving, both professionals and academics, as well as managers of the business segment. In this way optimal content coherence and business relevance are ensured.

All program lecturers hold influential positions in the financial services sectors or have a well-stated academic background. All have sound teaching talents and are keen to contribute at the development of a risk community.

Organizational Committee

Overall Program Coordination is managed by Hans Buysse, Partner SynCap Management, vice-chairman ABAF-BVFA, EFFAS Board member and treasurer. He is chairing the organizational committee, composed out of Prof. Luc Keuleneer, KPMG, Johan Van den Branden, and Foort Hamelink, Lombard Rodier.

The role of this Committee is to ensure the quality and coherence of the program throughout the different modules, to adapt when needed and to ensure the consistency of the supporting materials as well as the diversity of the lecturers.

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PROGRAM

The program has been conceived according to the best professional standards and has been approved by the IGTA Education Board (International Group of Treasury Associations) and EFFAS.

The classes cover all aspects related to:

• banking requirements;

• banking treasury and risk management, including financial management;

• quantitative methods in finance, structural and systems mechanics;

• derivative securities;

• compliance, audit and reporting tools;

• a special emphasis is put on recent developments, such as IAS 32/39 and the Basel III Reform.

The program provides a sound basis to obtain

numerous professional certificates, such as the

•Certified International Investment Analyst (CIIA) degree accredited by FSA;

•Professional Risk Manager Certificate (PRMIA);

• IFID Certificate (ISMA);

•ACI dealing certificate;

•Certified European Financial Analyst program (CEFA) by EFFAS.

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COURSE CONTENT

Module 1: Financial Markets

Day 1 – Economic Indicators and Financial Markets – April 15, 2013(Freddy Van den Spiegel – BNP Paribas Fortis)

a. Basic macro-economic concepts

b. Micro-economics

c. Currency Management, forecasts, etc.

d. Market analysis : economic and monetary overview

Day 2 – The financial markets – April 26, 2013(Hans Buysse, SynCap, ABAF-BVFA)

a. Money Markets

b. FX Markets and FX Derivatives

c. The Model Code, regulatory aspects

Day 3 – Derivatives and risk management – May 2, 2013(Prof. Luc Keuleneer, KPMG, ABAF-BVFA)

a. Interest rate instruments & options

b. Risk Management and derivative positions

c. Interest rate models

Day 4 – Credit Risk Derivatives – May 8, 2013(Didier Lannoy, BNP Paribas Fortis)

a. CDS and Short selling

b. CDO and bespoke CDO markets

c. RMBS, Alt-A, Negams, Covered Bonds

d. Correlations

This module prepares participants for the international

accredited ACI dealing certificate. Participants will have the

opportunity to a further 1 day examination training and a 1

day exam.

Module 2: Advanced Risk Management

Day 5 – Operational Risk Management Framework: Front, Middle & Back Office: “the first line of defence and interactions with the 2nd line – May 17, 2013 (Arnaud Lauwers, Bart Baudewyn, BNP Paribas Fortis)

a. The risk management process (Enterprise Risk Management - ERM framework);

b. Operational Risk Management: governance, regulatory capital, link to permanent control, emerging risks.

Day 6 – Middle Office: “the second line of defense” – May 24, 2013(Johan Van Aelst, Belfius)

a. Role an responsibilities

b. Valuation, Model Risk and reserving Policy

c. Data Control Environment

d. Validation Framework

Day 7 – Asset and Liability Management / Liquidity Risk – May 31, 2013(Jean-Miguel Saintraint, Stephanier Authier, BNP Paribas Fortis)

a. Cost Effective Funding

b. Transfer Pricing

c. Replicating portfolio, stochastic duration, behavioral

d. Static and dynamic stress testing

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Day 8 – Solvency regulatory framework for banks – June 6, 2013

(Alain Verboomen, BNP Paribas Fortis)

a. Basel II standardized

b. Basel II advanced

c. ICAAP

d. Basel III reform, counterparty risk

e. Impact analysis

Day 9 – Commodity Risk Management – June 14, 2013(Alain Janssens, Jan Leys, Valérie Limpens, GDF Suez)

a. Exchange and OTC Market

b. Oil, gaz and power

c. Soft Commodities

d. Regulation and evolution

Day 10 – Credit risk modeling – June 25, 2013(Prof. Dr. Bart Baesens, KU Leuven)a. PD/EAD/LGD/correlations modeling, Moody’s

KMV, CreditMetricsb. Validate, back-testing and benchmarking of credit

risk models c. Stress test in credit risk models d. Develop credit risk models for low default portfolios

Module 3: Corporate Finance for Risk Management

Day 11 – Corporate Finance September 6, 2013 (Philippe Rasquin, Pricewaterhouse-Coopers)

a. Evaluation of companies

b. Capital budgeting, Funding policy

c. Debt and equity management

d. Cash flow forecasting

Day 12 – Portfolio Management September 12, 2013 (Bertrand Sluys, ABAF-BVFA)

a. CAPM, DDM, various models

b. Alpha, beta, equity risk premium, PER, Sharpe ratio, market timing

c. Active/passive Management, benchmarking, absolute return, asset allocation

Day 13 – Real Option Valuation September 27, 2013 (Prof. Dr. Wouter De Maeseneire, Program Director Vlerick)

a. Derivative Valuation

b. Real Option Analysis

c. Real Option applications

d. Advanced Real Option applications

Day 14 – Market Risk and Operational Risk Modeling – October 4, 2013 (David Vanden Abeele, KBC)

a. Quantitative aspects of Regulatory Framework in Risk Management

b. Basic statistics for risk modeling

c. Market risk, Operational risk, Credit risk and Economic capital modeling

d. Internal validation of Risk modeling from a regulatory point of view

Day 15 – Financial Accounting: “adequate report of risk” – October 11, 2013 (tbc) (Gregory Joos, PwC)

a. IAS/IFRS standards

b. Review of IAS 32/39 salient points

c. Hedge accounting

d. Provisioning and disclosures

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Module 4: Advanced risk management for other financial services (optional)Day 16 –Advanced risk management for Insurance Sector – October 18, 2013 (tbc)(Piotr Mularczyk, Gérard Vandenbosch, PriceWaterhouse-Coopers)

a. Pillar 1

b. Link with IFRS

c. Essentials for finance

d. Pillar 2

e. Actuarial risks

Day 17 – Risk & Capital Planning, Basel III – October 25, 2013 (tbc)(Prof. Joulia Tamar, FUSL (St Louis))

a. Basel 3

b. Solvency risk

c. Investment risk

d. Interest rate risk

Day 18 – Corporate Treasury Management and bank relationships – November 8, 2013 (tbc)(François Masquelier, RTL Group)

a. Interest Rate and Currency rate Risk Management

b. Cost-Effective Funding

c. Technologies and Bank Relationship Management

d. Application for banks and corporations

Day 19 – Advanced risk management for Treasury Centers – November 14, 2013(tbc) (Prof. Dr. Hugues Pirotte, Solvay Business School )

a. Treasury management

b. Link with IFRS

c. Essentials for finance

d. Tax treatment and NID

Day 20 – Advanced risk management for Private Banking – November 22, 2013 (tbc)(Dr. Foort Hamelink, Lombard Odier)

a. Treasury management

b. Risk Management

c. Portfolio Management

d. Hedge Funds and risk assessment

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PRACTICAL INFORMATION

Number of participants

The number of participants will be limited to 20.

Registration fee

The registration fee for the complete program amounts to:

a. Complete program non members: * modules 1, 2, 3 4.100 EUR

b. Complete program members: modules 1, 2, 3 3.800 EUR

c. Price per module non members: modules 1, 2, 3 2.000 EUR module 4 2.300 EUR Price per module members: modules 1, 2, 3 1.850 EUR module 4 2.150 EUR

d. Subscription to the ACI dealing exam (2 days**) 950 EUR

* members from Febelfin or ABAF-BVFA ** Includes 1 day training and 1 day examination, students must have followed module 1 though.

Enrolments are coordinated by Febelfin Academy asbl/vzw. Registration is not valid until the registration fee has been paid. An invoice will be sent to the participant.

Contacts

For enrolment and more information: Febelfin Academy asbl/vzw Kati Stroobants Aarlenstraat - Rue d’Arlon 80 -1000 Brussels Tel: +32 (0)2 507 68 65 Fax: +32 (0)2 507 69 69 E-mail: Kati.Stroobants@febelfin-academy.be

Cancellation

• No charge will be applied if cancellation is made more than two weeks before the start of the program.

• 50 % of the registration fee will be due if cancellation occurs between two weeks and one week prior to the start of the seminar.

• The full fee will be due in case of cancellation less than one week before the start of the program. Another colleague/participant of the same level and experience may take over in case of illness or unforeseen circumstances.

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©Steelcase, 2011

Febelfin Academy asbl/vzw Aarlenstraat - Rue d’Arlon 80

1000 Brussels Tel: +32-(0)2-507.68.65

Fax: +32-(0)2-507.69.69 ks@febelfin-academy.be