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Course Description |
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Financial market developments during the 1990s and beyond have focused towards the automation and straight-through-processing of the activities related to trade book management, clearing, settlement and custodial services using electronic processing formats and platforms, developments in operational and operations risk measurement and management and regulatory and compliance initiatives. These developments have given rise to a change in the traditional structure of financial institutions, which usually
consisted of both back and front offices.
The modern structure resulting from these developments considers a front office, which focuses on trading and sales; a back office, which focuses on transactions processing, and new operations unit that is referred to as the middle office, which offers various support functions for the back and front offices.
This program discusses and details some of the various approaches to modern means to defining the structural units of a financial organization that is mainly segregates organization into back, middle and front office functions.
Note that the actual structure and roles of the back, middle and front office functions will depend on such factors as the size of the organization and the range of cash, derivatives and securities transactions that it undertakes.
The program presents best practice and current developments for managing the back and middle office operations and their relationships with the front offices and other operations units. This includes the management of trading, clearing, settlement, custodial, asset serving, treasury operations and funding, funds and securities transfers, and risk management and control functions.
First, operational and operations loss events, risk categories, and key risk factors related to trading, custodial, payments and settlement processes and back and middle-office operations are presented.
Core and value-added services provided by the back and middle offices are detailed; problematic areas are highlighted and procedures outlined to minimize error and disruptions in order to smoothly and continuously facilitate the processing of transactions, management of corporate actions and asset servicing.
Best Practices are presented for Netting Arrangements, Novations, Cash flow and Multi-Currency Management
Systems, and Margining and Collateral Management Systems
Best practice and problematic areas for reconciliations, exceptions handling, and failed trades are highlighted for trading, clearing, settlement, and payment systems.
Additionally, the following operational risk management and control areas are examined:
- Operational Events, Key Risk Factors, Indicators, Drivers and Escalation Triggers
- Op-Risk Assessment through the Use of Operational Value-at-Risk (OpVaR) Forecasts
- Fraud Detection and Prevention and Anti-Money Laundering (AML) Initiatives
- Operational Risk from an Enterprise-wide Risk Management (ERM) Perspective
- Crisis Management, Business Continuity Management and Contingency Planning
- Operational Regulatory Risk Assessment from Basel II and Beyond
Current development in the trading, payment and settlement functions are overviewed, including flash trades,
high-frequency-trading, alternative trading platforms, and cross networks and dark liquidity pools.
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Workshop PDF |
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Workshop Investment
Rs. 55,500/- Per Participant
*Early Bird Discount: (Before 20th Sept, 2010)
Rs. 53,500/- Per Participant
*Every 4th Participant from the same organization will attend
FREE
Includes course ware, Terrabiz certificate, lunch, refreshments
and business networking.
*Discounts are mutually exclusive
Send your cheque in favor of "Terrabiz"
to Murad Hassan
Suite # 403, Shahwar Trade Center, Above Standard Charted Bank,
Allama Iqbal Road branch, P.E.C.H.S., Block 2, Karachi, Pakistan.
Phone: +92 21 3455 0431 & +92 21 3455 319
Cell: +92 300 922 0647 & +92 321 278 1000
For Registration:
Contact Qazi Waqas Ahmed:
Cell: +92 345 303 7045 & +92 300 213 3849
Phone: +92 21 3455 0431 & +92 21 3455 319
Facsimile: +92 21 3455 7264
Email: qazi.waqas@terrabizgroup.com
register@terrabizgroup.com
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