EUROFINANCE TRAINING | OUR COURSES

Our Learning Programmes

FINANCIAL RISK MANAGEMENT

Credit Risk Management

The programme covers both credit risk management and governance. While Risk is a potential loss taken on by the bank during its normal business activities, Governance is the deliberate lending of money to a customer knowing that the customer is highly unlikely to repay – often described as fraud!!

The objective of the programme is to discuss the current state of bank risk management in its various guises, and also the domestic Indian and international trends. The broad impact on bank business models and hence on the economies will also be addressed.

Market Risk

This programme considers risk measures to general underlying risk factor distributions and risk attributions to sub portfolios and risk factors. The advanced models that can capture the stylized facts of returns are discussed. Other important topics discussed in this include time scaling of risk as well as market illiquidity. Stress testing has quickly emerged as a core activity in banks. A structured approach to stress testing that includes integration of model and stress scenarios is discussed.

The use of optimal risk-based decision making to understand hedges and replicating portfolios is another theme of this chapter. The chapter also discusses the most recent developments in the regulation for market risk.

Operational Risk Management

This practical Corporate Governance training programme examines current best practice in all aspects of corporate governance, from the new role of board committees and directors" responsibilities and powers, to best implementation of governance in day-to-day activities.

The costs and benefits of best practice governance will be examined and practical guidance will be given on such issues as the relationship with shareholders and other stakeholders, managing and meeting the expectations of the market, international investors and local government and regulatory authorities. You will also discuss the challenges of implementing best-practice corporate governance in emerging markets and will include the specific requirements of banks and financial institutions.

C-Suite Risk Officers Academy

The four day “C-Suite Risk Officer’s Academy" has been designed to help participants understand the best-practice essentials of undertaking modern and strategic, executive-level risk management (i.e., Chief Risk Officer duties). In the course we learn how risk management should be defined and structured—both conceptually and functionally—so that a CRO can offer the best support to his or her business colleagues, CEO and board. In this programme you will explore everything from the tools and methods that a CRO must make part of his or her toolkit to the human resource and psychological challenges that he or she is likely to face in defining and establishing his or her CRO role.

How AI is Transforming Leadership Roles

The purpose of this course is to discuss how banks are using AI in ways that are changing the duties of various roles and functions and how the evolution of the technology is also enabling bank seniors to carve out a competitive edge. In workshop format, we roll up our sleeves explore how key data and information can be uploaded into generative AI tools and be used to enhance role effectiveness.

Managing The Risks to Digital Banking from AI and Emerging Technologies

This course continues the earlier discussion on the transformative effects of AI by helping participants understand how to manage the wide variety of risk exposures posed to their digital banking platforms and digital banking strategies from AI and other emerging technologies. IN particular, we consider three, broad risk exposure categories: Risk to the strategic direction of the business and strategic alignment, risk to adoption of the technology and the business model and risks inherent to the technology itself. Importantly, we guide participants in adopting risk management best-practices and in establishing an enterprise-wide, risk management framework, focused on guiding digital strategy through the use of risk profiles, appetites, tolerances and capacities for each of these various risks. Finally, we consider how these risks might be communicated to and monitored by boards and regulatory supervisors.

Strategic, Governance, Risk and Compliance

The course will focus on high-level skills related to assembling and managing a governance, risk and compliance operation, including the structuring and restructuring, reporting and communication as well as the executive management activities related to GRC. The course will NOT focus on basic risk management or compliance skills and topics, such as calculations of risk capital, provisions, risk modeling, risk control self assessments and similar.

Risk Management in Digital Banking

Digital Banking is almost here!! Niti Aayog has suggested the setting up of full-stack ‘digital banks’ to deepen access to financial services in the country. Based on its examination of the emerging global scenario, Niti Aayog has recommended a new segment of regulated entities — full-stack digital banks -Digital Banks which will be entities as defined in the Banking Regulation Act, 1949 (BR Act) and thus subject to prudential and liquidity norms at par with the incumbent commercial banks. This will undoubtedly lead to incumbents in the banking sector – both state-owned and private – having to move with alacrity to catch up with the pioneers SBI (YONO) and Kotak Mahindra (811) who set up autonomous units to go digital - essentially neo-banking operations of traditional banks that function autonomously and compete with stand-alone neo-banks. And then there are start-ups like Aeldra, based on learnings from building Marcus (Goldman Sachs), and a host of Fintech companies who would see this as their biggest chance to effectively enter banking. That is at once both the biggest opportunity and the greatest threat that India’s banks will face over the next five years.

While the introduction of digital banking will undoubtedly revolutionize the banking sector, the number of potential risks are becoming more complex as technology advances. The global financial ecosystem is rapidly changing, and banks must reinvent their risk management functions to protect themselves, their customers, and their place in the market.

Risk Managing AI & Emerging Technologies in Banking

The recent advent of ChatGPT and similar Artificial Intelligence (AI) implementation analogues by tech giants has become a watershed moment in both technology and finance—making it widely accessible (and practical) for the first time. This course is designed to help participants consider how banks can create an effective, risk management framework around such new and emerging technologies so as to better position their organizations in facing competition, innovative disruption and business/strategy model shifts, as well as the residual risks from the technologies themselves. In particular, we focus on AI as well as several other emerging technologies in banking and consider the business case for them, apart from cost-reduction and efficiency in bank operations.

Anti-Money Laundering & Counter Terrorism Financing

Money Laundering and Terrorism Financing are very serious crimes and criminals have been relentlessly in search of ways to disguise the nature of their money and incorporate such money into the normal flow of legitimate economies to enjoy the benefits of their crimes. It is therefore of utmost importance for financial professionals to be aware of, and alert to, Money Laundering & Financing Terrorism activities and be able to identify, analyse and report suspicious transactions as part of the effort to deter such criminal activities.

FINANCIAL MODELLING

Advanced Project Finance Modelling & Sculpting

This is an advanced course that is divided into separate modules that will allow you to move your project financial modelling skills to a new level. The course is designed to be both practical and advanced. You can survey the subjects in the outline below and select particular modules that are applicable to problems that you may be facing now or that you probably experience in the future. Some of the distinct subjects you can address in the different modules include: (1) how to resolve circular references in models using user defined functions; (2) how to apply automated sculpting and financing routines in your project finance models; (3) how to evaluate and resolve sculpting with multiple issues with different tenures and/or interest rates; (4) how to compute sculpting where the debt size is given by the debt to capital ratio and a minimum DSCR is defined; (5) how to incorporate re-financing issues with sculpting and income taxes.

Economic and Financial Analysis of Renewable Energy, Storage and Hydrogen

Economic and Financial Analysis of Renewable Energy is a digital class that will work through analysis of different renewable technologies including LCOE, financing, resource analysis and pricing. The course will be hands-on where participants take turns sharing the screen and demonstrate how you can construct renewable analysis that incorporates a variety of economic and financing issues. The course put emphasis on practical techniques with current data. The outline below is separated into five different on-line sessions.

TREASURY MANAGEMENT

Treasury Products Workshop

This practical four-day programme will provide you with a comprehensive understanding of the products used by banks and corporate treasuries in today’s successful treasury management, the best borrowing sources and investments and when and how to use them, and insight into the essential processes to ensure the smooth day-to-day running of your institution’s finances.

The course also provides an overview of the structure and key functions of the treasury and how to implement a robust risk management strategy to weather today’s tough market conditions.

Treasury Risk Management

This practical Treasury Risk Management, will show you how to utilise the full array of funding and hedging instruments to respond to changing balance sheet and market scenarios. Through practical examples and case studies, it will demonstrate why sound treasury risk management is only possible through an effective and efficient governance and policy structure, where senior management is fully engaged with the Asset Liability Committee (ALCO).

Financial Products Workshop

This course will enable participant to confidently engage in conversations on any of the key current issues driving financial markets. They will be able to understand the practical implications of those issues on their own institutions.

Participants will be able to understand the effect of current events on markets across all the major asset classes including Equity, Fixed Income, Credit, Foreign Exchange (FX) and Commodities.

Participants will gain a robust understanding of how derivatives are used to manage risk in these markets in reality.

ESG and Corporate Risk Management

ESG is an important development which will affect banks and corporates in the near future. Many companies and banks have recognised the importance of Environmental, Social and Corporate Governance issues and have worked with management to develop an ESG transition program. This will change how these companies will conduct itself and how it discloses information to the market.

This program will help participants implement ESG in a way that will improve its overall risk management. The workshop begins with ensuring that participants gain an understanding of the key elements of the Environmental, Social and Corporate Governance Framework and its impact in Reputation risk, funding risk, operational risk and business strategy risk. We will examine how ESG could impact and benefit the overall ERM Corporate Governance Framework.

Digitalisation in Corporate Treasury

There is little doubt that Digitalisation will be a key to success for companies in the future, especially in the Treasury department. Therefore, developing an effective digital program will be essential to the survival of the business. This program will help managers analyse, develop and implement a successful digital transformation program that will make the company’s treasury department more efficient, effective and profitable.

The program begins with the different changes that made digitalisation possible in the last decade. Along with the explosion of data, we will examine technological and communication developments such a processing power, cloud technology, blockchain, 5 G, blockchain technology (along with crypto, NFT, CBDC, and mobile app among others which facilitated digitalisation in treasury, payments and banking.) We will then examine the 4 key building blocks of business digitalisation which are automation, connectivity, decision making and innovation. In each build block, we will look at examples in business and how these blocks help improve the company’s performance and customer satisfaction.

Commodity Derivatives

Commodity Price Risk present in many businesses. Power plants need to buy oil and oil companies need to sell oil. These and other companies need to protect the value of their receivables and payables which are caused by commodity price movements. Bankers are also tasked with helping their clients develop commodity price hedging strategies using commodity derivatives.

Advanced Treasury Products

The 3 day Advanced Treasury Products training will deal with advanced products such as currency options, exotic options and structured bonds. Products such as credit derivatives will also be discussed. By the end of the programme participants will have a good understanding of the structure, use, and pricing of advanced derivative and funding products in the trading room. The course is designed to give participants an in-depth understanding of Advanced Treasury Products.

Treasury Management

The 2 day Treasury Management will discuss “best practice” tools and strategies to identify, quantify, manage and monitor the market and liquidity risk of the bank. ALM and ALCO reports and activities will be reviewed to identify key components of treasury risk management. Furthermore, we will discuss the new changes in Supervisory Regulations (BIS 3 and 4) in relations with ALM and Treasury and examine their effects on banking strategies.

Interest Rate Swaps

The 1 day Interest Rate Swaps will discuss IRS and how the product is used to manage interest rate risk in the conventional market. We will look at the structure, documentation and quoting convention of IRS (using Bloomberg screens). Then we will discuss the use of IRS in managing interest rate risk for ALM, corporates, funding, investment structuring and market risk hedging.

Operational Risk Management in Treasury

The 2 day Operational Risk Management in Treasury training will discuss the definition of Operational Risk and the Key Risk Categories in ORM. We will then look at how the ORM is analysed at the BOD level with an overview of the Risk Appetite Policy and ORM Risk capacity. We will then discuss the best practice in the ORM risk management process which are Identification, Quantification, Manage and Monitor. The first step is ORM risk identification. Best Practice consultants recommend that bank start with a detailed Risk Self-Assessment to identify key risk in the Treasury area.

Managing Market Risk in the Trading Room

The 2 day Managing Market Risk in the Trading Room course will review how banks identify, quantify, manage and monitor market risk in the trading room. We will look at the Basel regulations which require that all banks must have a system to identify, quantify, manage and monitor market risk in the trading room. In identifying the risk, we will discuss the need to have good trading systems which will capture all trades; we will also discuss the challenges of remote trading systems and capturing trading data with Covid. Once the risk is identified, it must be quantified. Here we will look at different models to quantify market risk (or market value at risk).

Credit Derivatives and CDS

The 1 day Credit Derivatives and CDS course will discuss the nature and use of credit derivative products to include credit default swaps and total return swaps. The program begins with the concept of the credit yield curve which is fundamental to the pricing of all credit derivative products. Participants will examine how the credit yield curve is constructed with key assumptions in credit risk, credit migration, and recovery rate. We will then look at the current and forward credit yield curve in credit derivative pricing.

Measuring & Managing Market Risk

Many banks have portfolios of traded instruments for short-term profits. These portfolios - referred to as trading books - are exposed to market risk, or the risk of losses resulting from changes in the prices of instruments such as bonds, shares and currencies. Banks are required to maintain a minimum amount of capital to account for this risk.

This two-day programme covers both theoretical foundations and practical applications, ensuring participants gain a deep understanding of understanding, measuring and managing market risk effectively.

Measuring & Managing Interest Rate Risk

The 2023 failure of Silicon Valley Bank has once again demonstrated the critical importance of understanding interest rate risk in the banking book of commercial financial institutions, exacerbated by heightened volatility in global interest rates, and how it impacts on the bank’s liquidity and ultimate viability.

This two-day programme (un)covers the (often-hidden) exposures that commercial banking operations face when market interest rates are changing and volatile, how those risks can be managed following international best practice and conformance with regulatory guidelines.

Financial Engineering with Derivatives

This four-day programme explores in detail financial engineering applications of derivatives, using specific case studies of how they are used in hedging programmes and in structured products.

The first part of the programme provides a range of potential solutions to manage corporate foreign exchange exposures using a combination of vanilla options and exotic options. The second part of the course focuses on structured products, that is, investments designed to create an attractive or otherwise inaccessible return.

The course is technical in nature and assumes a good prior knowledge of vanilla derivative instruments, notably swaps and options, and, in particular, how vanilla options are priced in the Black-Scholes world as this framework will be used to evaluate more complex exotic options throughout the course.

Market Risk Management

This training course will discuss the best practices in developing an effective market risk management infrastructure to manage market risk within the bank. Clear business process, activities and ICT functionality to identify, measure, control and monitor market risk will be discussed with special attention paid to implementation issues for large and small banks in both developed and emerging markets. The objective is to help build a world class market risk management capability which not only minimises risk but also maximises profit and optimises capital allocation decisions for the bank. This is an interactive program which focuses on the implementation of market risk management; therefore, open discussion on the suitability and objectives of different approaches and models to different types of banks will be conducted.

CORPORATE FINANCE

Corporate Analysis, Valuation, M&A and LBO

This 5-day course comprises four related topics that are relevant to finance professionals in a wide range of disciplines. We cover the latest trends in financial analysis and corporate valuation, including multiples, DCF and NAV. The course also provides an overview of current M&A practices and of leveraged buyouts (LBOs). We use up to date case studies from listed Indian firms and also European multi-nationals. In view of the significant economic distress caused by the ongoing Covid-19 pandemic, we refer to ways in which firms’ operational, financing and M&A strategies may evolve in order to deal with the increased uncertainty and disruption.

Corporate Valuation Techniques & Modelling

This practical course explores techniques used for analysis, modelling and valuation - including DCF valuations, LBOs and EV multiple valuation. It will equip you with an understanding of important techniques used to measure performance and calculate key financial indicators. Valuation fundamentals Equity and EV multiple valuations DCF valuations. Applying different valuation techniques and forecasting using Excel. The impact of capital structure on valuation. The impact of corporate finance transactions on valuation. How qualitative factors influence valuations. More advanced DCF techniques. The impact of capital structure on valuation. The impact of corporate finance transactions on valuation, including LBOs. Specific valuations eg. high growth, cyclical and distressed companies.

Financial Analysis of Distressed Companies

Following the outbreak of the Covid-19 pandemic, the global financial markets have suddenly become burdened with a large number of distressed firms.

The aim of this session is to provide delegates with an understanding of how to analyse the financial statements of firms that are becoming or are already distressed.

Corporate Credit Analysis

Credit Research is an area of increasing importance in global Financial Markets. Our 4-day Advanced Corporate Credit Analysis programme will help participants analyse complex financial statements with an emphasis on cashflow analysis and forecasting using comprehensive Excel models. Participants will also review early warning signs of distress/NPLs and strategies for potentially restructuring debt facilities and rescuing firms. The course will cover green loans/bonds and also CLOs and CLNs. Finally, participants will review recent trends in financial and non-financial covenants.

PROJECT FINANCE

Infrastructure Project Finance

The highlights of this programme are How lenders analyse infrastructure and PPP/PFI projects, from both a qualitative and a quantitative perspective. The different dynamics between conventional vs. limited recourse financing. The workings of BOT, PFI and PPP projects. How to be prepared for the risks and common obstacles that surround such projects. How projects are sized and tailored to their cash flow. The types of loan documents which govern financing and the concessions, EPC contracts, supply agreements and insurance arrangements.

Power Project Finance

This programme provides you with a power project financing “toolkit” incorporating project risk appraisal and mitigation project quantitative analysis and debt sizing structuring project finance loan documentation. Informing you of the key technical aspects of the sector - as they affect a provider of finance. Explaining clearly, and in detail, the project financing techniques and structures typically used in the conventional and renewable power generation industries. Reinforcing learning through the use of case studies which will illustrate the issues and techniques covered in the course.

LEADERSHIP PROGRAMMES

Strategic Decision-Making

This high-level workshop offers cutting-edge, research-based strategies and techniques that will enable you to become a more effective and influential leader. We focus on how to maximise your impact as a leader; how the latest research in social psychology can help you gain greater traction as a leader; how group dynamics and cognitive biases impact decision-making; how to make leadership decisions much more compelling, more strategically relevant, and even more motivating for peers and followers. Participants are encouraged to design and implement practical strategies to transform their organisation’s decision-making effectiveness.

The Art of Communication

This workshop offers proven techniques and practical advice on how you can become a much more effective and persuasive communicator. You will focus on how to maximise your presence and personal impact; how to make all your communications more persuasive, polished and compelling; how to improve all forms of written communication; how to speak to the media and press; and how to present your ideas more successfully.

Negotiation Skills

This highly practical workshop gives participants hands-on experience of negotiating using techniques and approaches that research and international experience show significantly improve their performance. Whether negotiating with vendors, co-workers, counterparts or clients, improving the way people plan and execute negotiations has a radical impact on the bottom line.

Managing Difficult Conversations and Building Resilience

This high level workshop teaches participants how to face the prospect of holding extremely hard – even life-changing conversations with clients, suppliers and their own teams. This interactive, live course offers insights from clinical research, practical tools to help with mindset, preparation, and delivery, as well recommendations from communication experts in the world’s leading Business Schools.

Negotiations Skills Masterclass

This highly intensive, expert-delivered masterclass offers research-based strategies and techniques that will help senior finance professionals from leading banks, financial institutions and corporations both public and private, to become much more effective negotiators. We focus on:- how to improve planning and preparation techniques; how to explore interests not merely positions; how to overcome cognitive bias in decision-making; how to co-create successful strategic partnerships; and how to build and refine the skills needed to manage both the process and the people.

OUR Learning Programmes