World Business StrategiesServing the Global Financial Community since 2000

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

Pre-course module: Banking primer
The BTRM programme begins with the single lecture banking primer, covering all the core principles of bank balance sheet risk management. The primer has been designed to ensure all students start the course with the necessary entry-level understanding of bank ALM and the role of the Treasury function.

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 One: Bank balance sheet risk management

We introduce the key tenets of bank ALM and proceed to delve in depth into the tools, techniques and principles available that students must be familiar with if they are to manage ALM strategy for their bank. We assess and analyse key risk and performance metrics including NII/NIM, and also present best-practice principles of interest-rate and FX hedging.

2. Banking products, FX hedging and net interest margin (NIM).
2B. The Risk Management Framework (RMF) and Risk Appetite Statement (RAS). From RM1 to RM2: Transforming Bank Treasury Risk Management .
2C Sustainable Banking and Climate Change Risk Management.
2X Bank Trade Finance: products and risk management.
2Y AI in Banking and Finance: Using It Safely, Using It Well.
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. Bank ALM Simulation Platform: introduction and example illustrations.
6. ALM trading and hedging II: Interest Rate Risk in the Banking Book (IRRBB).
6B. Credit spread risk in the banking book (CSRBB).
6C. A Primer on Value-at-Risk measurement methodology.
6D. A Primer on Fundamental Review of the Trading Book (FRTB).
6X. The FX Cross-Currency Basis.

Module 1 On-line test (multiple choice).


Module Two: Bank ALM operating model and risk management governance

An essential ingredient in sound ALM structure is the effectiveness and efficiency of the Treasury operating model. This module presents business best-practice recommendations for the target operating model and the management and operation of the bank’s asset-liability committee (ALCO).
7. The bank Treasury function and where it fits in banking. Treasury Target Operating Model and reporting line.
7X. Macrofinance: how fiscal policy and central bank monetary policy impact bank treasury.
7Y. Treasury and Payments Management.
8. The ALCO Governance Framework: Terms of Reference and ALCO sub-committee best-practice.
8A. AI and Bank Treasury: A Primer.
8B. Asset-Liability Management challenges of a multi-currency, long-dated balance sheet: the MDB perspective.
9. ALM and credit risk management. IFRS9 and loan provision policy.
9X. Primer on Hedge Accounting (HA) and Macro Hedge Accounting. HA workshop using Excel.

Module 2 On-line test (multiple choice).


Module Three: Strategic ALM and financial markets

Module Three reviews in depth the operation of the bank within the wider capital and financial markets. We review market instruments, the use and application of securitisation for balance sheet management and wider stakeholder concerns including how a bank should undertake its recovery and resolution planning. We also run through the process of obtaining a formal credit rating.

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 Plan (RP) and Resolution Plan (RP): Best-Practice Principles.
12X. Strategic Risk and ICAAP / Balance Sheet Risk.
13. The credit rating agency process (parts I and II).
13B. Investor relations and Stakeholder Management
(parts I and II).
13C. Model risk management.
13X. Cross-cultural and regional factors influencing lending and funding decisions in banks.

Module 3 On-line test (multiple choice).

Stage 2

Module Four: Bank liquidity risk management

Module four is perhaps the most arcane and technical, and yet easily up there with the most important, of all the BTRM modules. It covers all aspects of liquidity risk management and how this vital function should be carried out in order to ensure continuous through-the-cycle survivability. Related topics such as yield curve construction and stress testing, an essential part of the Basel III regulatory regime, are covered in depth.

14. Liquidity risk management Introduction. Post-crash swap discounting and pricing principles. Using RFRs / IBORs 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. Modelling non-maturing deposits (NMDs) and Term Deposits for IRRBB and liquidity risk.
17. Internal funds transfer pricing (“FTP”) and funding policies.
18. Introduction to yield curve interpolation and interpretation. Constructing the Yield Curve.
18B. Fit for purpose: a back to basics way of calculating the Term Liquidity Premium.
19. Liquidity reporting, stress testing and ILAAP, intra-day liquidity risk. Managing liquidity in stress: the Credit Suisse experience, and lessons learned.
19B. Asset encumbrance policy.
20. Collateral management: Bilateral Margin Rules and Central Clearing. Impact of Central Clearing Counterparties on ALM.

Module 4 On-line test (multiple choice).


Module Five: Bank capital management

This module covers capital management, capital planning and capital strategy. The role of the CFO and Treasurer in this regard is examined in detail. We also present guidelines for the policy template process, where the student will learn about the latest developments in business best-practice and how these are brought to a particular committee such as ALCO.

21X. Managing and Leading Through a Financial Risk Crisis.
21. The SREP on-site process. Capital management I: capital structure.
22. Capital management II: capital strategy, capital planning and ICAAP process. Regulatory Reporting.
22B. Reverse Stress Testing.
22C. Bank Treasury and the Third Line (Internal Audit).
22X. Operational Risk and ALM.
22Y. Bank regulation: the Supervisor’s View.
23. Principles of Policy Documentation. Principles of Business Writing for ALM professionals.
23X. Project Lecture: Treasury MI analytics with Python & AI.
23B. CONCLUSIONS: Conclusions, bank ALM, ERM, and “Risk Culture”.

Module 5 On-line test (multiple choice).


Examination

Following three weeks allocated for revision, in Week 26 students will sit a formal 3-hour closed book written examination. The exam is held on the same day worldwide, in our London exam centre for UK-based students. All non-UK based students sit the exam at their own desktop, using the BTRM online examination and digital invigilator system. The exam is essay-based, and not a multiple-choice test. The pass mark is 60%, with those achieving 80% being granted a pass with Distinction. The highest-performing student in the Cohort is awarded the Wiley Prize.


Diploma Module

The Diploma is an optional stage of the BTRM following award of the Certificate. It consists of an 8,000-word student dissertation, the successful submission of which confers the designation Dip. BTRM. Students first submit their dissertation proposal and once approved the project will involve 300 hours of self-directed learning.

Teaching hours: 170 (55 lectures)
Total learning hours: 300
(including 130 hours self-directed learning)
Equivalent to one full semester module at MSc level

Cohort 25 EXAM: Wednesday 6th October 2027

Following three weeks allocated for revision, students will sit a formal 3-hour closed book written examination. The exam is held on the same day worldwide, in our London exam centre for UK-based students. All non-UK based students sit the exam at their own desktop, using the BTRM online examination and digital invigilator system. The exam is essay-based, and not a multiple-choice test.

The pass mark is 60%, with those achieving 80% being granted a pass with Distinction. The the highest-performing student in the Cohort is awarded the Wiley Prize.

The Diploma is an optional stage of the BTRM following award of the Certificate. It consists of an 8,000-word student dissertation, the successful submission of which confers the designation Dip. BTRM. Students first submit their dissertation proposal and once approved the project will involve 300 hours of self-directed learning.

Teaching hours: 84 (28 lectures x 3 hours)
Total learning hours: 300 (including 216 hours self-directed learning)
Equivalent to one full semester module at MSc level

  • Discount Structure
  • Super early bird discount
    20% until 8th January 2027

  • Early bird discount
    15% until 12th February 2027

  • Early bird discount
    10% until 19th March 2027

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