Live Webinar

65-minute live streaming program
  • July 28
  • 1:00 - 2:05 pm EST

Advanced Risk Management: Risk Calculation Methods

July 28

Understand how a robust risk management construct should be created and how to employ advanced techniques in a successful manner.

Many practitioners lack a comprehensive framework, adequate tools, and an appropriate suite of limits and metrics to proactively manage the financial risks related to their business. Having experienced four tail events in the last 20 years, the phrase ‘no one saw this coming’ is no longer good enough. This paradigm is especially meaningful for companies that are exposed to material financial risk, both on the asset and liability side of their operations, such as financial institutions, trading companies, and other corporations buying and selling physical goods. It is time for these enterprises to elevate their risk management protocols. This course will help risk managers understand how a robust risk management construct should be created and how to employ advanced techniques in a successful manner.

Learning Objectives

  • You will be able to define risk in relation to strategy.
  • You will be able to describe risk governance and structure.
  • You will be able to recognize inventory costs, and purchase and sales prices.
  • You will be able to discuss critical analysis of historical price performance relative to the current environment.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Risk Management Framework
  • Risk Governance and Structure
  • Defining Risk in Relation to Strategy
  • Identifying and Quantifying Risk Exposure
    • Volumes/Quantities of Purchases, Inventory, and Sales
    • Inventory Cost, Purchase, and Sales Prices
Stress Testing and Scenario Analysis
  • Prices Go up or Down 10%, 25%, 75%, or Even 200%?
  • Assessing Value at Risk, Cash Flow at Risk, and/or Earnings at Risk
Determine Risk Management Objective and Define Hedge Matrix
  • Establish Ceiling and Floor Hedge Ratio
  • Create Risk Limits and Place Guardrails Around the Program
Develop a Specific Risk Outlook
  • Critical Analysis of Historical Price Performance Relative to the Current Environment
  • Perform Price Simulations (e.g., Monte Carlo) to Consider Where Prices Could Go
  • Use These Inputs to Define the Right Mix of Hedging Instruments and Hedge Ratios to Dynamically Mitigate Risk
Questions and Answers
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.2 including Management Services 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.2 hours. Prerequisite: basic knowledge of DOL Fiduciary Rule. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for wealth managers, investment brokers, financial planners, stock brokers, estate planners, presidents, vice presidents, CPAs, CFPs, and other financial executives.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Craig Haymaker, CPA

Craig Haymaker, CPA

HedgeStar

  • Managing Director of HedgeStar, where he oversees the risk management consulting, hedge accounting, and valuation groups
  • Subject matter expert in financial reporting and accounting for debt, equities, derivatives, and other financial instruments
  • Has over 11 years of audit, professional accounting, and risk management experience
  • Has held positions with top companies, including Deloitte & Touche LLP (Boston), Liberty Mutual Group (Boston), and U.S. Bank (Minneapolis), with a focus on treasury departments, capital markets, and risk functions
  • Events Committee Chair and Steering Committee member for the Professional Risk Managers’ International Association (PRMIA) in Minneapolis
  • B.B.A. degree in accounting, Stonehill College; CPA accreditation
  • Can be contacted at [email protected] or 952-208-5704
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

  • State Specific Credit Tracker
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Product ID: 410074
Published 2022
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