Skadi Learning

Providing a range of courses to improve financial product knowledge utilising our decades of Subject Matter Expertise.

At Skadi we are passionate about training and our courses are designed to share our subject matter expert knowledge on a range of products; delivering comprehensive overviews, explaining the motivations behind market participants and identifying areas of increased risk for consideration.

We can customise the delivery method to suit any of your training needs. Skadi Learning can be accessed via the following methods

• delivered on-site in a classroom environment by one of our Subject Matter Experts (SMEs)
• digitally via an e-learning course
• online via a remote video-conferencing service with one of our SMEs

We also offer courses from select training partners in specific business critical areas. We can offer a Cyber Security Awareness course developed by team of top business and industry professionals.

INTRODUCTION TO CONVERTIBLE BONDS

This training is designed as a preparation course for control function professionals looking at the product for the first time, or those in need of a refresh. The course explains why Convertible Bonds are issued, where they lie in the Corporate Capital Structure, Convertible Bond terminology, Risk Sensitivities (Greeks), how the product trades, the universe of holders, and a step by step guide to the new issue process.

Duration: 1 hour (45 minutes presentation, 15 minutes Q&A)
Participants: 20

INTRODUCTION TO STRUCTURED CREDIT

This training is designed as a preparation course for control function professionals looking at the product for the first time, or those in need of a refresh. The course explains the drivers behind the growth in Structured Credit products and why they are issued. The risk profiles and payout structures of the main products as well as the reputational and regulatory impact of the credit crunch. The course also covers how these products have been misused in the past. Participants are introduced to the concept of correlation risk and how to address the mark-to-model problem faced by an audit function.

Duration: 1 hour (45 minutes presentation, 15 minutes Q&A)
Participants: 20

What is an Inter Dealer Broker?

This training is designed as a preparation course for control function professionals looking at the symbiotic and complex relationship between the firm’s traders and inter dealer brokers. It would also be suitable for staff employed in anti-bribery and corruption, and legal and compliance. The course explains what an inter dealer broker does, who the main firms are, how they compensate their staff, how brokers transact (principle vs name give up) and covers possible ways a trader might misuse a broker and why misuse continues to occur.

Duration: 1 hour (45 minutes presentation, 15 minutes Q&A)
Participants: 20

Rogue Trader Stew

This training considers three major rogue trading episodes of the past 20 years, Barings, Soc Gen and UBS identifying common risk themes or ingredients. These are further categorised into nature versus nurture. The training arms control function professionals with a set of useful “red flags” which will help them identify areas of risk when approaching an audit.

Duration: 1 hour (45 minutes presentation, 15 minutes Q&A)
Participants: 20

Trader Workshop

The Trader Workshop has been designed to give internal control function professionals a sense of what trading is first hand. The training provides control function professionals with empathy for traders. The course explains how trading has developed over recent years and explores how technology has impacted their role, the importance of information, discipline and record keeping. Traders are placed in the context of other Front Office Staff, and other market participants.

30 minutes of the workshop are devoted to the participants trading with each other. The participants learn how difficult it is to process information, manage risk and pay attention to other trading activities in the market. The trading game is structured in a way to allow participants scope to abuse the market, while not encouraging them to do so.

During the review, the group explores how the market structure allowed traders opportunity. What controls exist around trading activity in the game? The game provides insights into trader behaviour and culture, with participants invited to consider whether they should game the system in spite of being able to.

Duration: 1 hour (20 minutes presentation, 30 minutes trading game, 10 minutes review)
Participants:  8-10