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The Certificate of Bank Treasury Risk Management (BTRM)
Starts 4th October 2023
The Certificate of Bank Treasury Risk Management (BTRM) is a professional qualification and certification in bank Treasury, Capital Markets and balance sheet risk management. The programme is a 6-month modular qualification, with cohorts starting every April and October.
Obtaining the BTRM provides students not only with a recognised professional qualification demonstrating excellence in the Treasury space, it is also a sign of genuine commitment to excellence in risk management.

23 lecture weeks live in London or globally online.

10-12 learning hours per week. 2 – 3 hour lectures.

Module Assignments and 3 hour Examination
VOLUME DISCOUNT: If 2 or more people from your institution wish to take The BTRM course please contact us
REGIONAL OFFERS: Get in touch for offers in your geographic region
BTRM Syllabus
STAGE 1 | |
Pre-course | 1. Primer on bank business model, financial statements and regulation. |
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) |
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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) |
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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 | |
12B. Cyber risk management in banks | |
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 and ALM. | |
Module 3 On-line test (multiple choice) |
STAGE 2
Module 4 |
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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) |
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Module 5 | |
21. Capital management I: capital structure. The SREP on-site process. | |
21B. Capital allocation, cost of capital and return on capital | |
22. Capital management II: capital strategy, capital planning and ICAAP process. Regulatory Reporting. | |
22B. Reverse Stress Testing | |
23. ALM Integration across the balance sheet. | |
23B. Operational Risk and ALM. Principles of Policy Documentation | |
23C. Bank Treasury and The 3rd Line of Defence | |
CONCLUSIONS: Bank ALM, ERM, and “Risk Culture” | |
Module 5 On-line test (multiple choice) |
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Exam Preparation Review Session | |
Cohort 17 EXAM |