AIB Course Code: 7811
Dates Offered | Registration (Deadline is one week prior to start date)
This course provides participants with the tools to measure and manage their bank's interest rate risk.
"I received comments from upper management that the book we studied from (Bank Management) is the best book in the industry. The course work took me longer than I anticipated, but the assignments were challenging and I felt like I learned a lot about ALM."
||$1025 Nonmembers / $795 Members (with textbook)|
$925 Nonmembers / $695 Members (without textbook**)
||Participants should be familiar with the characteristics of financial instruments that appear on bank balance sheets.|
||Technical Requirements; Microsoft Excel; Adobe Acrobat Reader|
||Bank Management, 7th Edition, by Timothy W. Koch and S. Scott MacDonald, 2009, Thomson Learning|
Managing Interest Rate Risk is a rigorous course designed for individuals involved in asset liability management or line managers making pricing, investment, or funding decisions that impact interest rate risk.
After successfully completing this program, you will be able to:
- Understand the mechanics of valuing cash flows including duration and price sensitivity
- Identify the determinants of the overall level of interest rates
- Use static GAP analysis to measure interest rate risk
- Use duration gap to measure interest rate risk
- Assess the impact on interest rate risk of various pricing, investment, and funding decisions
- Use a range of derivatives to manage interest rate risk including futures, forwards, interest rate swaps, caps, floors, and collars
- Apply all of these concepts to the management of interest rate risk in their own institution
* Registration for one or more courses that include accompanying textbooks will also incur a shipping & handling fee.
** If you already have a copy of the textbook, be sure to register using the "without textbook" option.