Derivatives Masterclass – September Start

Start Dates: TBC

Duration: 12 Weeks

Location: Virtual

Full Fee: €3,150

Network Members Fee: €2,300

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Programme overview

If you have a solid knowledge of derivatives but want even more practical and specialist insights in order to take the next step in your derivative career, this is the course you need! The DMC has been developed and applied over many years to train junior derivative traders, risk managers & derivative sales of a large investment bank. It is now available online as assisted e-learning program to a broader audience. In this high-octane course, participants will learn more about how derivatives are used in the different markets and by various clients, how they are risk managed by banks, modelled and priced in the academic world and in real life.

To experience the power and interactivity of Nosco e-learning courses, see this 2 min video.

Learning outcomes:

This 12-week “Derivative Mater Class” been developed and applied over many years to train junior derivative traders, risk managers & derivative sales of a large investment bank. It is now available online as assisted e-learning program to a broader audience. In this high-octane course, participants will learn more about how derivatives are used in the different markets and by various clients, how they are risk managed by banks, modelled and priced in the academic world and in real life.

Who is the course for?

If you have a solid knowledge of derivatives but want even more practical and specialist insights in order to take the next step in your derivative career, this is the course you need.

Modules:

Module 1: Derivatives Toolkit
This module helps strengthen your knowledge-base and sharpens your understanding of the tools at your disposal in the world of futures & options. It also serves as a review of all the basic concepts to ensure that everyone is ready to tackle the upcoming modules.

Module 2: Models & Valuation
Option valuation models are more than just calculators to determine an option’s value. They are insightful tools since they “break” options down into simpler components. Studying the methodology behind a model not only helps to judge the model’s usefulness and limitations but it also opens up new perspectives on how to think about options.

 Module 3: Volatility & Volatility
Markets The relationship between volatility and option valuation is central and very subtle. Volatility measures the price fluctuation of the underlying. This volatility then gives value to an option. “Implied” volatility on the other hand is a proxy for option prices and leads to the so-called volatility smile.

Module 4: Option Graphs

Option models describe the relationship between market parameters and option value. But their formulaic language is not the brain’s preferred way to absorb information. That is why we study option graphs. Graphs help us visualize option behavior.

Module 5: American Options & Early Exercise

Equity options are typically American style. But what is the point of an American option? Why does anyone want the additional flexibility to exercise prior to expiry? The answers depend on what the underlying to the option is, an equity, a bond, a foreign currency, a precious metal or some commodity, or a future. We’ll discuss all questions around the why and when to early exercise an option.

Module 6: Investor Strategies

Most investors use derivatives as part of a well-defined investment or risk-management strategy. This module is all about matching investors’ needs with the appropriate investment strategy. We start with the investor. What are the common investment objectives, needs, and preferences? We then move to the investment side and develop a framework to describe, compare and build investment strategies with different risk profiles.

Module 7: Currency Management & FX Derivatives

Currency risk is the inevitable by-product of international diversification. We investigate how FX exposure can be managed using forward, vanilla options or more exotic derivatives. The symmetrical nature of currencies forces us to think more symmetrically and makes the duality between pricing and risk management even more obvious.

Trainer Profile:

NoscoPartners AG combine financial expertise with business experience and applied training skills to deliver practical financial market education programs.  They have been developing and delivering in-house financial education programs for banks, asset managers and institutional investors since 2012 and can draw on a broad course curriculum. NoscoPartners offers blended learning solutions, combining class-room training, webinars as well as e-learning courses. Areas of specialisation include;

  • Banking business & banking products
  • Derivatives markets, strategies & instruments
  • Portfolio construction & management
  • Risk management & control
  • Structured Products
  • Fixed Income product & strategies
  • Equity products & valuation
  • Alternative markets & products