Syllabus

Enhanced BTRM syllabus

The BTRM is comprised of 2 stages
2 Pre-course Primers
46 lectures over 5 modules
End of Module Online Tests
Final exam taken globally online using our live invigilation platform.
The Diploma is an optional stage of the BTRM following award of the Certificate.

Stage 1

Primers	1A. Primer on bank business model: maturity transformation, financial statements and regulation
	1B. Primer on bank business model: loans, deposits, cash flows and the balance sheet
Module 1
	2. The Risk Management Framework (RMF) and Risk Appetite Statement (RAS). Banking products, FX hedging and net interest margin (NIM)
	2B. Sustainable Banking and Climate Change Risk Management
	3. Asset-Liability Management: Strategic ALM and balance sheet management. ALM Optimisation Principles
	4. Basel III and “Basel IV” capital and liquidity rules
	4B. Evolution of the bank stress testing process and aspects of future stress testing policy.
	5. ALM trading and hedging principles I: Money markets. ALM Simulation Game: introduction and discussion.
	6. ALM trading and hedging II: Interest Rate Risk in the Banking Book (IRRBB)
	6B. A Primer on Value-at-Risk measurement methodology. Credit spread risk in the banking book (CSRBB)
	6C. FX Cross-Currency Basis
	Module 1 On-line test (multiple choice)
Module 2
	7. Treasury Target Operating Model and reporting line. Evolution of the bank Treasury function, from the money markets desk to digital Treasury
	7B. The bank Treasury function and where it fits in banks and banking
	8. Asset-Liability Management III: The ALCO ToR / charter; ALCO sub-committee strucure.
	8B. Fundamental Review of the Trading Book (FRTB) Requirements.
	9. ALM and credit risk management. IFRS9 and loan provision policy.
	Module 2 On-line test (multiple choice)
Module 3
	10A. Primer on Hedge Accounting and Macro Hedge Accounting.
	10. Capital markets for bank issuers (AT1, T2, Secured, Unsecured).
	11. Securitisation: mechanics for balance sheet management. Practical issues in structuring a securitisation transaction.
	12A. Regulatory Reporting Risk
	12. Recovery Planning (RP): Best-Practice Principles.
	12C. Strategic Risk and ICAAP / Balance Sheet Risk
	13. The credit rating agency process. Investor relations.
	13B. Model risk management
	Module 3 On-line test (multiple choice)

Module 4
	14. Liquidity risk management Introduction. Post-crash swap discounting and pricing principles. Post-LIBOR and use of RFRs in ALM practice.
	15. Liquidity risk management II: Risk metrics and limits. The principles of Derivatives XVAs (CVA, FVA, MVA).
	16. Liquidity risk management III: Liabilities strategy. HQLA portfolio management and optimisation.
	16B. Approach to modelling non-maturing deposits (NMDs) for IRRBB management and liquidity risk.
	17. Internal funds transfer pricing (“FTP”) and funding policies.
	18. Constructing the bank internal funding curve. Introduction to yield curve interpolation.
	18B. Pension risk management in banks
	19. Liquidity reporting, stress testing and ILAAP. Intra-day liquidity risk. Asset encumbrance policy.
	20. Collateral management: Bilateral Margin Rules and Central Clearing. Impact of CCPs on ALM
	Module 4 On-line test (multiple choice)
Module 5
	21. Capital management I: capital structure. The SREP on-site process.
	22. Capital management II: capital strategy, capital planning and ICAAP process. Regulatory Reporting.
	22B. Reverse Stress Testing
	22C. ALM Integration across the balance sheet.
	23A. Bank Treasury and The 3rd Line of Defence
	23B. Operational Risk and ALM.
	23. Principles of Policy Documentation. Principles of Business Writing for ALM professionals.
	CONCLUSIONS: Bank ALM, ERM, and “Risk Culture”
	Module 5 On-line test (multiple choice)

	Exam Preparation Review Session

Enhanced BTRM syllabus

Stage 1

Stage 2

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