Capital Markets & Derivatives Training now offers virtual training courses in the qualifications listed below in order to satisfy a more international centric audience, to supplement the existing open enrollment face-to-face programme for the Level 6 Global Operations Management qualification held in the CISI’s central London office.
The virtual programmes have been carefully structured with the appropriate amount of face-to-face time and small class sizes to provide delegates with the confidence to achieve success in their chosen qualification. Each open enrolment virtual course at the Introductory Level (Level 3 & 4) is limited to fifteen delegates to enable discussion around the various topics and ensure that each delegate has the opportunity to participate fully with the instructor. Given the greater complexity of the Professional Level (Level 6) qualifications, the class size is limited to ten delegates.
Capital Markets & Derivatives Training currently provides the following CISI Accredited training courses:
The following papers make-up the Investment Operations L3 Certificate and higher-level qualifications, culminating in the prestigious Diploma in Investment Operations on successful completion of the Global Operations Management qualification.
*Note: These qualifications follow the same syllabus and exam
Description of the session
The purpose of this first session is to introduce students to the CISI examination syllabus and style. We examine real past questions and review the immediate past exam paper.
This will enable students to build knowledge, remove uncertainty and commence working towards the real exam with confidence.
The second session will build knowledge with respect to the trade cycle and the important stages of post-trade activity, highlighting clearing and settlement.
We go on to introduce operational risk and explore the issues via examples. This is an essential area for study as risk topics feature regularly in this exam.
This session begins by giving students an insight into what is expected of them by the CISI examination panel. We also look at examination technique and answer planning.
It then addresses the role and objectives of operations as a discipline. Another point of our attention is change management and the benefits of automation in operations. Next, the focus moves on to the trading environment and execution venues. This will enhance students’ knowledge of this vital facet of the exam syllabus.
This session returns to the topics of clearing and settlement and provides greater detail of this important area. We move on to look at financial derivatives.
The session ends, as with others, by looking at a specific past question selected from past exams. The focus is on the longer Section B and C questions, rather than the short-form ones from Section A. The intention is to prepare students to tackle with confidence whatever question the exam may deliver.
Here we return initially to look at risk in greater detail. The principal focus is on operational risk but the broader spectrum of risk in financial operations is examined.
Almost every examination paper features a long-form question on risk as well as the Section B case study itself, which will always comprise risk elements. It is vital that candidates for the exam are prepared to answer these types of questions.
Recent past examinations feature the subject of fund management administration in their Section B case studies and Section C questions. Therefore, we begin by looking at this important area. According to the CISI Chief Examiner’s feedback, many candidates struggle to submit well-constructed answers. We aim to help rectify this.
Custody, asset servicing and corporate actions are typical subject areas and frequently visited by the examination, so we then explore these themes to provide full subject matter coverage for students.
Session seven takes a look at some of the issues that have affected operations in recent times. This includes the regulatory concentration on operational resilience exacerbated by the global pandemic. Another important development is the emphasis on ESG and investment sustainability.
We also examine securities financing and the operational issues which come into play in parallel with that such as collateral management, securities lending and repo.