Introduction
Since the Global Financial Crisis in 2008, OTC Derivatives have been subject to momentous changes in their regulation, affecting all firms that indulge in these financial products. However, for many people working within the financial services industry OTC Derivatives remain a complex mystery and a real challenge to understand.
Derivatives are nowadays a global phenomenon; many types of derivative product have been introduced to mitigate risks of investors and other institutions such as banks. For those that are not involved in such products on a day-by-day basis, understanding of the purpose of each product type is not easy to ascertain, thereby making the understanding of associated operational actions (e.g. trade processing and collateral management) challenging to comprehend. For each product, its purpose and possible outcomes must be well understood by operations and other personnel within financial institutions to provide top quality servicing of clients and to avoid processing losses. Therefore, it is essential that those financial specialists involved in derivative processing and associated collateral management, understand the overall picture to identify risk situations as early as possible in the transaction life cycle.
Some of the Learning Outcomes
Trainer
Michael (Mike) Simmons is a specialist in the field of financial services operations; he has been involved with the capital markets and operations throughout his career.
Since 1995, he has been writing and delivering training programs to audiences of mixed vocation and experience, including operations staff, front-office personnel, compliance and risk officers, legal personnel, consultants and IT professionals. Such programs include securities operations (incorporating the trade lifecycle), repos and related collateral, securities lending & borrowing and related collateral, corporate actions (fundamental and intermediate), derivative operations (exchange-traded derivatives, OTC derivatives (including CDS & IRS) and related collateral) and related central clearing under EMIR, loan syndication (primary & secondary markets), clearing & settlement, fails & fails management, end-to-end process flow, and risks & controls in operations.
Mike’s training programmes have been delivered in the UK, US, Belgium, Denmark, Germany, Irish Republic, Italy, Luxembourg, The Netherlands, Russia, Spain, Switzerland, Kuwait, Qatar, Saudi Arabia, UAE, Australia, China, Hong Kong, India, Japan, Malaysia, Singapore and Tunisia.
Mike has delivered over 1400 training courses to investment banks, fund managers, asset managers, sovereign wealth funds, supranational organizations, management consultants, central securities depositories, custodians, central counter-parties, software companies and data vendors. A particular feature of Mike’s courses is the emphasis placed on risks within operations, and the associated controls.
Mike is the author of three books:
- Securities Operations; a Guide to Trade and Position Management
- Corporate Actions; a Guide to Securities Event Management
- Collateral Management; a Guide to Mitigating Counter-party Risk
published by John Wiley & Sons.
Feel free to suggest the topics that you would like to learn about at
our OTC Derivatives Collateral & EMIR In-House Training.
Request an Offer
Who should attend?
- People working within banks and institutional investment companies, e.g. pension funds, mutual funds, hedge funds, insurance companies, asset managers, in the role of:
- traders, portfolio managers, salespeople, middle-office personnel, operations (back-office) personnel including those from derivative trade processing/derivative collateral management/reconciliation/static data, compliance, risk management, legal
- Personnel working within central securities depositories or custodian organisations
- People working for central counterparties and trade repositories
- Advisors or consultants working for management consulting firms
- Business analysts and programmers working for software companies
