Descrizione della formazione

The Risk Analyst is exposed to a wide range of risks; operational and financial. Complex and diverse, the risks are often interconnected. His/her function is to identify the risks and to follow the operations all the way through the transaction from one end to the other, supported by specialised computer systems, while fostering communication among the various departments.

As the Risk Analyst function is at the heart of the business, his/her position has to constantly evolve in order to accompany the process of changes and the implementation of new projects and advanced technologies.

The main goals of this programme are:

• To offer commodity trading companies and banking entities a specific training programme to meet their needs
• To leverage skills of young professionals in their career in the commodity trading industry

Classes :

• Introduction to Commodity Trading (organisation of a trading company, different types of commodities, market players, current economical context, etc.)
• Role of the Risk Analyst/Middle Officer (role and function of the different departments, interdepartmental organisation, hedging, etc.)
• Risks identification (from long/short to complex risk mapping, typology of risks, liquidity risks, operational risks, identifying risks arising from transactions and pricing formulas, etc.)
• Market techniques and organisation (derivative tools, futures, options EFP, forwards, physical pricing mechanisms, articulation OTC vs futures, marging calls, etc.)
• Execution, Operations and verifications (deal entry, reporting, PnL calculation and reporting, hedging adjustments, controls and reconciliations, etc.)
• Corporate reporting and risk management (analytical PnL reporting, Options risk reporting, VAR, stress scenarios, cross commodity risks, internal control, compliance, etc.)
• Introduction to pricing (forward curves, swap pricing, options valuation and risks, using time series, statistics and stochastic models, etc.)
• Project management (middle office and business analysis, interface with IT, new products, compliance and regulation)
• Case study

Piano di formazione

PROGRAMME

Module 1: Introduction to Commodity Trading

Module 2 Risk identification

Module 3 Market techniques and organisation

Module 4.1 Directed exercises (related to Module 3)

Module 5 Introduction to pricing

Module 4.2 Directed exercises (related to Module 5)

Module 6 Corporate reporting and risk management

Module 7 Project management

Module 8 Course Review and Case Study

TEACHING FORMAT

The Certificate consists of 8 modules of 6 hours each, divided into two evenings per week (3 hours/day). Exams usually take place on Monday evenings. The modules take place on Tuesday evenings and Thursday evenings.

EVALUATION
The award of the Commodity Trading Risk Analyst Certificate is based on attendance and successful completion of exams.