Grad School of Bank Investments & Financial Management
- Economic Outlook Conference
- Faculty Development in International Business
- Conference on Community Bank Investments - Nevada
- Graduate School of Bank Investments & Financial Management
Program I Curriculum
Fundamentals of Finance
- Basics of bond pricing
- Basics of total return
- Basics of duration, convexity, and other price volatility measures
- Basics of option-adjusted spread
- Basics of value-at-risk
Investment Vehicles* (Levels 1 & 2)
- Money market products
- Treasury securities
- Basic mortgage securities & adjustable-rate MBSs
- Collateralized mortgage obligations (CMOs)
- Agency securities: callable vs. non-callable
- Municipal bonds and notes
- Auto & credit card receivables, home equity line receivables
- Trust preferred stock
- Exercises: Understanding the risk/return features of different securities
Case Studies
- High performance banking
- Constructing an investment portfolio
- Funding the bank
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Deposit strategies
Portfolio Management* ▲
- Regulatory issues
- Using yield curve and duration analysis
- Performance measurement: yield vs. total return
- Sector Analysis
- Mix and maturity of the portfolio
- How do forward rates influence portfolio decisions?
- Bond swaps
- Rate movements & portfolio decisions
- Dealer relationships
- Stress testing the portfolio
- Strategies for community banks
Asset & Liability Management*
- Strategies to maximize earnings
- Identifying and managing risks
- GAP and earnings sensitivity analysis
- Duration and the sensitivity of economic value of equity
- Role of investments in managing profitability vs. risk
- Impact of regulations
- Critique of different ALM models
Liquidity Analysis
- Brokered CDs & Internet CDs
- Use of Federal Home Loan Bank advances
- Estimating the bank's cost of funds
- Pricing core deposits
- CDARs
Interest Rate Swaps, Caps & Floors
- Fundamentals of basic off-balance sheet products
- Interest rate scenario evaluation
- Counterparty risk
- Regulatory and capital considerations
- Applications: Hedging and synthetic balance sheet positions
* Core Courses: These courses have sessions that build from basic to more complex topics. Those new to investment instruments will take the Level 1 class.
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Participants will use advanced tools to evaluate their institutions' investment portfolios
and funding investments.