Two ICAAP training workshops, three days, one magical location. Our second set of workshops covering exotic financial topics in breathtaking tropical locations.

A focus on ICAAP – Pillar II risks primarily ALM and Liquidity Risk Capital using Interest Rate Simulations. The two day main event is preceded by a single day foundation workshop on Internal Capital Adequacy with a focus on treasury, market and counterparty risk management. For details, please see the main training workshop pages below.

ICAAP Training Workshop – Treasury, Market and Counterparty Risk Foundation Workshop – 29th March, 2011

ICAAP Models Training Workshop: ALM, Liquidity and Interest Rate Simulation Workshop – 30th, 31st March, 2011

Discount available for early registration and multiple nominations from the same institution. Book online using Google Checkout or directly with LSW in Malaysia. Local discounted rates available for a limited time for participants from Malaysia, Singapore, Thailand and existing LSW and Alchemy customers. Please see ICAAP training workshop brochures for more details.

ALM and Liquidity Management Training Workshop

This advanced level ALM and Liquidity Training workshop serves as a refresher to liquidity management, with an emphasis on traditional models including gap analysis and earnings at risk, stress testing, scenario planning, policy making and simulations. Our first joint venture finance training workshop in Kula Lumpur with our Malaysian Partners LSW International scheduled for 27th and 28th January, 2011. 30 minutes from Kula Lumpur at the Holiday Villa Resort in Subang, Malaysia.

ALM Training Workshop Learning objectives

At the end of this workshop the participants will be able to:

  1. Work with the primary tools required to measure and manage ALM risk profile of a financial institution
  2. Measure liquidity and quantify the effectiveness of traditional measurement tools.
  3. Use scenario based methods, stress testing and simulations to highlight your ALM and liquidity risk profile.
  4. Develop assumptions for testing Maturity mismatch and liquidity risk for Internal Capital Adequacy Assessment.
  5. Assess and evaluate existing liquidity policies and contingency plans.

About ALM and Liquidity Management Workshop location and facilities

The Holiday Villa Subang is a premier business resort offers an ideal getaway for business and leisure. The Hotel is set on 6.8 acres of beautifully landscaped land overlooking a pristine lake while incorporating the luxuries of modern facilities. Its features 383 spacious guestrooms equipped with modern amenities, 10 food and beverage outlets that offer guests a choice of global cuisine, 18 convention and meeting facilities including three ballrooms and finally, a comprehensive range of sports and recreational facilities including an Olympic-sized swimming pool.

ALM Training workshop level: Intermediate and advance users. This advance level workshop is aimed at individuals responsible for asset liability management and risk management within banks, insurance companies and mutual funds. Familiarity with basic liquidity concepts, local markets, portfolio management and the Basel II framework. All participants are requested to arrange Laptops with a functional version of Microsoft Excel.

ALM and Liquidity Training Workshop Course OutlineLiquidity and ALM Models: Overview and introduction. Key terms and concepts. Duration, Convexity, Maturity mismatch, measuring mismatch, ALM models, assumptions and drivers. Basic tools – Price and Maturity GAP, MVE and NPV Analysis, Net Interest Income, Earnings at Risk, Cost to Close and Liquidity.

BancOne Case Study:

ALM and Liquidity Policies and Simulation: Structure, Policies, Tools, Stress tests, ICAAP and Scenario analysis for Liquidity. Building the contingency funding plan.

For an online version of the same course please see the Asset Liability Management Crash Course

Facilitator profile

Jawwad Farid is the founder and CEO of Alchemy Technologies, an enterprise risk practice that builds and deploys risk, treasury, ALM, ICAAP, market and credit risk platforms. He is a Fellow Society of Actuaries (Chicago), a MBA from Columbia Business School (New York City) and a computer science graduate. During the last 18 years, he has worked as a consultant in North America, Pakistan and the United Kingdom with a number of blue chip clients including Hartford Life, Aegon, American General, Goldman Sachs, ING, Manu Life, Safeco, Merrill Lynch, Met Life, Sun America, Nationwide, Phoenix Life, Sumitomo Mitsui Bank, Sun Life of Canada, Pacific Life, AllState, Fidelity Investments, Transamerica, Skandia, GE Financial Assurance, Lincoln National, Ohio National, AXA Equitable and Washington Mutual Bank.

Jawwad’s core areas of expertise include Asset/Risk Management, Investments, Product Development and the Financial Services Back Office. Jawwad blends a rare combination of risk management, information systems, international standards, business and product development skill set side by side with his actuarial expertise. His regional client list includes Asian Development Bank, First Gulf Bank, Riyad Bank, Dubai Islamic Bank, Noor Islamic Bank, Dubai Bonds, Deutsche Bank, State Bank of Pakistan, National Bank of Pakistan, Muslim Commercial Bank, Crescent Commercial, MyBank, Dawood Islamic Bank, KASB Bank, United Bank Limited, Pak-Kuwait Investment, Saudi Pak Commercial Bank, ABN AMRO, InvestBank, Invest Capital Markets, State Life Insurance, Dawood Family Takaful, Asia Health Care, Adamjee Insurance, Shell Pakistan, International General Insurance and Securities and Exchange Commission of Pakistan. Jawwad is also a regular contributor to the Learning Corporate Finance portal as well as on the SP Jain platform where he teaches courses on Entrepreneurship, Risk Management and Derivative pricing to executive MBA students in Dubai and Singapore.

Jawwad’s expertise includes:

  • Appointed actuary.
  • Risk based capital, investment and portfolio optimization strategies.
  • Fixed Income, Foreign Exchange and Commodities (Oil) research.
  • Basel II market, credit and operational risk management framework.
  • Probability of Default modeling and Days Past Due analysis.
  • Centralized or distributed Middle & Back office design, review, integration, assessment and deployment for banks, brokerage, mutual funds, and insurance companies.
  • Derivative pricing, application and usage.
  • Valuation of contingent products, benefits and solutions in investments, portfolio management, life insurance, general insurance, finance and risk.
  • Development and conduction of individual and institutional skill development & capacity building programs.

For more details, pricing, registration and multi nomination discounts please contact

M. Shakila or Leonard (

LSW International Sdn. Bhd. (765510-K)

623, Block B, Mentari Business Park

Jalan PJS 8/5, Bandar Sunway

46150 Petaling Jaya, Selangor Darul Ehsan


Tel         :+603 5637 2379

Fax        :+603 5637 0366

Weighted Average Cost of Capital (WACC) is an important input in the process used for determining the value of a firm. In our Corporate Finance First Course we visit this concept as well as the concept of Beta which is an essential ingredient in the Cost of Equity calculation part of the WACC equation. In particular the following two sessions discuss these topics in detail:

  1. Finance Training Course: Corporate Finance: Opportunity Cost and Cost of Capital
  2. Finance Training Course: Corporate Finance: Beta, Calculating WACC or Weighted Average Cost of Capital

These concepts as part of a business valuation exercise are more clearly explained through the following two case studies:

  1. Finance Training Course: Advanced Micro Devisces (AMD) Corporate Finance case study
  2. Finance Training Course: Electronic Arts (EA) Corporate Finance case study

Finally we look at how Beta may be re-levered to address situations where a firm’s capital structure has undergone change or where data for determining beta for firms will similar business risk is more readily available than for the firm being valued.

Corporate Finance Training Course: WACC: Calculating weighted average cost of capital: Relevering Beta

Between the two introductory concepts, the two comprehensive cases and the Relevering Beta post above you now have everything you ever needed to learn about Beta within the context of corporate finance and investment banking valuations.