Self-Paced Bank Investment Training Manual

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Author: Fred Poorman, Jr., CFA
The ALM Network
Format: 3-Ring Binder
Frequency: 1 update annually
Price: $525
Plus shipping and handling.
Sales Tax: for NY, TX, DC, CT orders only.

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Market conditions are changing all the time, and you’ve got to factor in bankwide risk each time you decide to buy or sell an instrument – rate risk, credit risk, liquidity risk, and operations risk. Plus, keeping up with all the investment alternatives available can leave you with little time to think about how to use them to the bank’s best advantage. This training guide and reference manual helps you keep your skills and knowledge where they need to be so you can make prudent decisions for your bank. The self-paced format lets you focus your time and attention on the issues that will benefit you most. Lots of examples make it easy to be sure you really understand the information, and each section has its own series of "self tests" with questions and answers, so you can be sure you’ve got the details right before you move on. You'll find coverage of all these key topics:

Details on individual investment instruments banks can use
Risks associated with specific transactions and instruments
Evaluating returns and choosing investments
Coupon rates, premiums, discounts, and call options
Understanding duration and convexity
Proper execution and settlement of trades
Regulatory and accounting compliance
Meeting your bank’s strategic investment portfolio goals, and more
How securities firms and dealers operate
Insights and suggestions on how to maximize benefits and reduce risks from broker/dealer relationships
In-depth discussions of CMOs, taxable municipals, and more

About the Author

Fred Poorman, Jr., CFA, is an author, consultant, and occasional bond salesperson specializing in investments, risk management, and asset/liability management (ALM) for financial institutions. Previously, he spent four years in corporate finance, eight years as a bank executive, and 10 years in brokerage, including stints on Wall Street and as the manager of fixed-income research at a well-known broker/dealer. Fred is the co-author, with Leonard Matz, of several Sheshunoff training and investment books. He is also the co-author of the Financial Manager Society’s Investment Basics for Community Financial Institutions. He was chairman of the 2000 and 2003 Risk Conferences on Bank Asset/Liability Management, in Paris and New York, respectively.