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Financial Risk Management

TRAINING DATE: Thursday 28th September

LOCATION: Dublin

DURATION: 9.00am – 4.30pm

COST:  €345pp

The Financial Risk Management training session will give participants the tools to identify and quantify the different types of financial markets risk.  It will then discuss the main hedging techniques available to market practitioners to enable them to hedge the sources of financial markets risk such as foreign exchange rate risk, interest rate risk, liquidity risk, commodity price risk and counterparty risk management.  It will also cover the implications of hedge accounting (IFRS 9) and regulatory such as European Market Infrastructure Regulation (EMIR).  There will be a lot of real world examples and case studies, drawn from the aviation industry, used throughout the training session to illustrate the practical elements of the risk management techniques and strategies.

 

Course content

  • Quantifying risk
  • Hedging approached: internal v external (financial markets instruments)
  • Accounting issues – hedge accounting, IFRS9
  • Foreign exchange currency risk and its impact
  • Foreign exchange currency risk hedging instruments
  • Case Study: Why do different airlines manage foreign exchange risk in different ways?
  • Interest rate risk and its impact
  • Interest rate risk hedging instruments
  • Liquidity risk and its impact
  • Liquidity risk hedging instruments
  • Case Study: Work through a debt and funding portfolio review
  • Commodity price risk and its impact
  • Commodity price risk hedging instruments
  • Case Study: A review of the fuel hedging strategy of an airline and compare it to its peers
  • Counterparty risk management
  • Impact of regulatory issues on hedging (European Market Infrastructure Regulation)
  • Case Study: Review an airlines risk management strategy

 

On the completion of this session, participants will have achieved the following:

  • An understanding of how to identify and quantify financial markets this risk.
  • An appreciation of how as foreign exchange rate risk, interest rate risk, liquidity risk, commodity price risk and counterparty risk management all occur and the various techniques and financial derivative instruments available to hedge them.
  • Be able to understand the various different forms of risk management available and how hedging decisions can be impacted by the actions of competitors in the aviation sector as part of the process of constructing a risk management strategy.

Trainer Profile

Dermot Hardy has been a business unit leader in regulated international financial institutions for almost 20 years.  He has extensive experience in capital markets, investment management, funding and hedging across multiple financial products, focusing on delivering profits while managing potential risks.  He was previously a Head of Treasury at Aareal Bank AG, Dublin Branch with responsibility for managing the assets and liabilities of the Branch.   Prior to this, he was Head of Banking at Bankgesellschaft Berlin (Ireland) plc.  Dermot has specialised in structured finance but also has considerable experience in other forms of lending, both secured and unsecured).   Dermot has also worked as an Economist, a treasury consultant and a government bond trader.  He has extensive experience of trading interest rate futures, bonds, currencies and credit products.  Dermot has also been on numerous public and private sector industry bodies and groups to provide input into areas related to structured funding.  He also has extensive involvement in teaching, training and mentoring as well presenting at conferences and writing articles.  He is currently a temporary Part-time Lecturer, UCD School of Business where he lectures on Aircraft Finance.

To book your place on this course please contact kate@icbe.ie

Tel: 061 423 622

 

Skillnets funded from the National Training Fund through the Department of Education and Skills

The Aviation Finance Finuas Network is funded by member companies and the Finuas Networks Programme, an initiative of Skillnets funded from the National Training Fund through the Department of Education and Skills.

Click here for Finuas Network website www.finuas.ie

 


 

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