Skadi Limited Learning
Providing a range of courses to improve financial product knowledge utilising our decades of Subject Matter Expertise.
At Skadi Limited we are passionate about training and our courses are designed to offer our Subject Matter Expert knowledge on a range of products; delivering comprehensive overviews, explaining the motivations behind market participants, and identifying areas of risk for the Control Functions to consider.
We can customise the delivery method to suit any of your training needs. Skadi Limited learning can be accessed via the following methods
• delivered on-site in a classroom environment by one of our Subject Matter Experts
• 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.
This training is designed as a preparation course for Auditors 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.
This training is designed as a preparation course for Auditors 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.
This training is designed as a preparation course for Auditors 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.
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 Auditors with a set of useful “red flags” which will help them identify areas of risk when approaching an audit.
The Trader Workshop has been designed to give Internal Auditors a sense of what trading is first hand. The training provides auditors 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.
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