Comprehensive IRR from Three Perspectives:
Management, Modeler and Auditor - How to Prepare for Your Next IRR Exam
Managing the asset/liability process, modeling for interest rate risk, as well as auditing model inputs and outputs are some of the most heavily scrutinized areas financial managers face at their institutions today. Knowing how to define accurate and institution-specific assumptions and reporting accurate and informative Interest Rate Risk results is vital.
FMS has the answers. Our upcoming virtual Comprehensive IRR from Three Perspectives: Management, Modeler, and Auditor- How to Prepare for your next IRR Exam will help you define effective ALM and IRR policies, accurately populate the model, understand the assumptions (and see the consequences of bad assumptions), define rate scenarios, perform EVE/NEV IRR simulations that will provide management with valuable information, and prepare your institution for regulatory scrutiny. Perfectly suited for anyone responsible for the ALM and IRR processes within your institution, this two-day virtual education program will cover interest rate risk and liquidity/contingency funding programs, including on Day One:
- Overview of asset/liability and interest rate risk management
- Regulatory requirements for model audits and validations, model governance, and controls
- Evaluation of the policies, inputs, data, assumptions, and requirements of an effective IRR modeling process
- Required rate scenarios (shocks, ramps, yield curves) and time frames
- Developing and defining appropriate risk/exposure limits
- Production of accurate outputs
- Characteristics of effective ALCO reporting
- Back-testing and trend analysis
- Stress testing
- Review of the biggest IRR modeling mistakes and how to avoid the
- Overview of liquidity and contingency funding
- Sounds practices of liquidity risk management
- Corporate governance: Board, ALCO and senior management responsibilities
- Evaluation of the policies, inputs, data, assumptions
- LIQ/CFP Strategies: diversified funding, concentration risk
- Adverse liquidity situations
- Collateral management
- Key risk indicators
- Stress testing
- Internal controls
- Review of the biggest LIQ/CFP modeling mistakes and how to avoid them
- Qualitative and quantitative measurements and guidelines
- Characteristics of effective LIQ/CFP reporting and the incorporation of the results into the overall asset/liability management function
Who Should Attend
This course is designed for those responsible or accountable for the modeling function or auditing within their institution.
Job Functions Include: CEO, CFO, Treasurer, Investment Officer, Analyst, ALCO and Board of Directors
President and CEO Alpha-Numeric Consulting, LLC
Prior to starting her own company 14 years ago, Deborah Donaldson worked for MPS and IPS-Sendero (Fiserv). As President and CEO of Alpha-Numeric Consulting, Deb is responsible for model certifications and validations for a variety of domestic and international simulation models. She has specialized knowledge and technical skills backed by more than 32 years of experience in banking, financial applications, software models, and consulting services with an emphasis on asset-liability management, internal audit, liquidity, profitability analysis and risk management. Deb is a former member of the FMS Board of Directors, past Chair and current member of the FMS Internal Audit/Risk Management Council, national speaker, frequent contributor to industry newsletters and magazines, BALM contributor, Georgia Bankers Association member, and Editorial Advisor for the Internal Audit Alert newsletter. She has published both fiction and nonfiction, including the 2nd edition of the Internal Audit Desk Reference, as well as Auditing and Validating Asset/Liability Management Models publications for FMS.
|| Earn up to 7 hours of CPE credit.
- Level: Basic to Intermediate
- Prerequisites: None
- Advance preparation: None
- Field of Study: Finance
- Instructional Method: Group Internet Based
For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
Refunds and Cancellations
Cancellations will be issued after completed request form is returned to FMS via email@example.com. Refunds minus a $250 processing fee will be issued and may take 30 days to process. Should you be unable to attend and want to transfer registration to a co-worker, additional costs could apply. FMS reserves the right to change instructors or reschedule/cancel session when necessary.
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FMS Members: $275
Staff/Co-Worker of Member: $450
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