by New York Institute of Finance | Released August 2011 | ISBN: 9780132884372

This video course offers a complete introduction to essential credit portfolio risk management techniques, carefully examining and comparing several of the most widely used models and approaches. Leading consultant and New York Institute of Finance instructor Mayra Rodríguez Valladares thoroughly reviews the use of credit derivatives and other risk mitigation methods as part of a coherent and effective credit portfolio risk management program. Rodríguez Valladares shares deep insights drawn from her extensive experience as a consultant, practitioner, and instructor working with leading private banks, central banks, and regulators worldwide. She begins by illuminating the relationship of credit risk to other risks faced by financial institutions, including market risk, operational risk, and liquidity risk. Next, she presents an integrated view of risk management, including a concise explanation of the evolving roles of credit reporting agencies. Coverage also includes a definition and discussion of internal risk rating systems, a practical explanation of credit risk measurement in relation to the widely-used Value-at-Risk (VaR) approach, a clear explanation of the Options Theoretic Model of credit risk, and a review of the key mitigants of credit risk. Participants will gain deeper insights into exposure, default probability, and expected loss; the Risk-Adjusted Return on Capital (RAROC) methodology; CreditMetrics; options pricing of credit risk, and much more.LIMITATION OF LIABILITY AND DISCLAIMERWHILE NYIF ENDEAVORS TO PROVIDE PRODUCTS THAT ARE CURRENT AND UP-TO-DATE, THESE PRODUCTS ARE PROVIDED ON AN "AS IS" BASIS. TO THE MAXIMUM EXTENT PERMITTED BY LAW, NYIF DISCLAIMS ALL WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, OR OF A PARTICULAR RESULT. NYIF DOES NOT WARRANT THAT ANY PRODUCT WILL MEET ANY PARTICULAR REQUIREMENTS OR NEEDS, OR THAT THE CONTENT WILL BE ERROR-FREE. NEITHER NYIF NOR ITS LICENSORS SHALL HAVE ANY LIABILITY WITH RESPECT TO ANY LOSS OR DAMAGE CAUSED OR ALLEGED TO HAVE BEEN CAUSED DIRECTLY OR INDIRECTLY BY THE CONTENT OR YOUR USE AND/OR RELIANCE ON THE CONTENT OF ANY PRODUCT PROVIDED BY NYIF, INCLUDING, BUT NOT LIMITED TO, LOSS OF PROFITS OR REVENUE, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER OR NOT NYIF AND/OR ITS LICENSORS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL NYIF'S OR ITS LICENSORS' LIABILITY EXCEED THE AMOUNT PAID BY YOU FOR THE PRODUCT TRIGGERING ANY SUCH LIABILITY.Mayra Rodríguez Valladaresis a New York Institute of Finance faculty member specializing in training and consulting solutions for risk management, financial derivatives, capital markets, foreign exchange, Basel II, energy markets, and corporate finance. As head of her consulting firm, MRV Associates, her financial experience covers both financial and energy derivative instruments. She has worked with regulators at the Fed, OCC, OTS, New York State Banking Department, SEC, and numerous foreign central banks. She has also worked extensively with private sector and foreign central banks and with insurance and reinsurance companies worldwide, creating and delivering courses on risk management, risk-based supervision, capital markets, derivatives, microfinance, anticorruption, and good governance.Started in 1922 by the New York Stock Exchange, the New York Institute of Finance(www.nyif.com) is the premier financial training organization, serving clients globally. We offer exam prep and more than 350 courses in accounting and tax, core finance concepts, corporate finance, credit risk, derivatives, financial modeling, fixed income, investment and portfolio management, mergers and acquisitions, operations and compliance, professional skills, project finance, risk management, core skills analyst programs, wealth management programs, structured products, and technical analysis and trading that are delivered through instructor-led classroom experiences, elearning, and our new virtual classroom. The New York Institute of Finance is part of Pearson (NYSE: PSO), the global leader in education and education technology. NYIF celebrates its 90th anniversary in 2012. Show and hide more

1. Overview of Credit Risk Portfolio Management 00:51:01
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