The London School of Operations has been designed to provide a comprehensive understanding of the operational aspects of the financial markets through the entire transaction life cycle. It covers the capital markets products and how and where they are traded and explains the different trading and investment strategies and how they are supported operationally. The course explains the market participants, how they interact and how they are structured.
The concept of straight through processing (STP) is analysed through the life cycle of a trade and the course explains what can go wrong and the operations controls required to ensure efficient transaction processing and the avoidance of operational risk.
Attend this intensive and highly practical five day course and learn:
- What are the capital market products; bonds, equities, derivatives and foreign exchange
- The new issue process
- How and where products are traded; OTC and on-exchange
- The basic trading and investment strategies; long, short, hedge and arbitrage and the operational impact of each one
- Operating in emerging markets
- Who are the market participants and how they interact
- The life cycle of a trade and transaction processing
- STP and why it can break down
- The clearing and settlement processes including CCPs, the (I)CSDs and global custodians
- What can go wrong and fails and fails management
- OTC and exchange traded derivatives and how they are processed
- The importance and economics of securities lending and repos
- What is collateral and how it is managed
- Corporate actions and how they are managed
- What are the risks in the international markets; market, credit and operational risk
- How to measure and manage operational risk
- The roles of the middle office and the operations department
- Product control; managing inventory and P&L
- The mark to market (MTM) process and the data providers
- The detection and reporting on money laundering
- The end to end control process and the importance of reconciliation
Who Should Attend?
- Operations personnel from investment banks, broker/dealers, prime brokers, fund managers, pension funds etc.
- Middle Office and Risk Managers
- Product Controllers
- Internal and External Auditors
- IT Developers (focused on operations)
- Business Analysts and Consultants
- Compliance staff
- Graduate and Management Trainees
The School focuses on operations in the international capital markets and is intended to provide a thorough grounding for those who are embarking on or developing a career in operations in the financial industry. It will also benefit those who need to understand how the capital markets operate, what the operational risks are and how they can be controlled. You will be given a thorough and clear understanding of how transactions in international capital markets’ products are processed, what can go wrong and the measures required to ensure the highest level of STP.
The teaching methodology used on this course combines formal theoretical instruction with frequent use of exercises and case studies. These are based on real situations experienced by the course director in his over thirty-five-year involvement in this business. The course is intended to be practical and interactive, with delegates encouraged to ask questions throughout. The course content is intended to give delegates an understanding that will be of immediate practical use in the workplace. The lecturer will be available throughout the duration of the course to offer additional help if required. Delegates will be divided into two small teams to work together on the exercises that will include some simple calculations for which a calculator will be required.