Interest rate derivatives, swaps, and risk management are vital components of the financial markets, serving as essential tools for managing interest rate risk, enhancing liquidity, and facilitating investment and trading strategies. The intricate dynamics of these instruments demand accurate analysis and robust risk management frameworks, ensuring that organizations can navigate complex market conditions and make informed decisions to protect and grow their portfolios. A study by the Bank for International Settlements reveals that interest rate derivatives are the largest category of over-the-counter derivatives, highlighting the significance and widespread application of these financial instruments.
The certified Chartered Interest Rate Derivatives, Swaps, and Risk Management Professional (CIRS™) program is designed to help you excel in the fast-paced world of interest rate risk management. By merging theoretical concepts with real-life case studies, this comprehensive course will provide you with the advanced skills and knowledge required to confidently navigate the intricacies of interest rate derivatives and swaps. You will explore a wide range of essential topics, including interest rate futures, options, swaps, valuation methodologies, risk management techniques, and regulatory frameworks, offering a well-rounded understanding of the critical aspects of interest rate risk management.
Throughout the program, you will learn how to trade various interest rate derivatives, create and analyze swap structures, develop accurate valuations, and construct sophisticated risk management models. This curriculum will also offer a comprehensive overview of cross-currency swaps, exotic derivatives, and structured interest rate products. Moreover, this program will further delve into interest rate modeling, counterparty credit risk, and the role of regulation in shaping the market landscape. Throughout the course, you will gain insights into the practical applications of interest rate derivatives and swaps in various contexts, such as hedging, trading, and portfolio management.
Upon completing the program and passing the Chartered exam, participants will receive the prestigious Chartered Interest Rate Derivatives, Swaps, and Risk Management Professional (CIRS™) designation. This highly respected credential in the finance industry is recognized for its comprehensive coverage of interest rate derivatives, swaps, and risk management techniques and is valued by employers globally. As a CIRS™ charter holder, you will possess the skills and knowledge to develop and implement robust interest rate risk management strategies and excel in the complex world of interest rate derivatives and swaps. The CIRS™ designation will also bolster your credibility and reputation within the finance sector, potentially unlocking new career advancement opportunities.
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This Chartered Interest Rate Derivatives, Swaps and Risk Management Professional (CIRS™) program is a mark of distinction that signifies a fully qualified finance professional with the expertise and skill set in managing interest rate derivatives and risk management. It is accredited by the Chartered Institute of Professional Certifications, which maintains the governing standards for all members. The CIRS™ charter is a trademarked charter available only to professionals who have completed and passed this program. The certification is governed and maintained by Chartered Institute of Professional Certifications with over 90,000 members around the world. It is also endorsed by prominent associations and organizations worldwide.
The content of this program has been fully certified and accredited by CPD as conforming to Continuing Professional Principles.
Interest rate derivatives is crucial in the current financial landscape as they allow businesses and investors to hedge against interest rate fluctuations and mitigate their exposure to financial risks. According to a report by the Bank for International Settlements, the notional value of outstanding interest rate derivatives contracts was over $500 trillion at the end of 2020. With such staggering numbers, it's clear that businesses need to take proactive measures to mitigate the impact of fluctuating market interest rates.
This Chartered Interest Rate Derivatives, Swaps and Risk Management Professional (CIRS™) program will equip you with a deep understanding of the mechanics, pricing, and practical applications of all interest rate derivatives products, including futures, forwards, swaps, and options in both interest rates and foreign exchange. Additionally, you will learn how to navigate the credit, legal, and regulatory aspects of derivatives trading, including ISDA documentation and the Dodd-Frank Act. This program will provide you with a thorough understanding of interest rate futures and FRAs, foreign exchange forwards and swaps, and cross-currency swaps. Furthermore, you will gain the best practices for derivatives management, ensuring you can navigate the complex and ever-changing landscape of the financial industry with ease.
By the end of the program, you will have acquired an unparalleled level of expertise in analyzing interest rate dynamics, quantifying and managing risk exposure, and developing highly effective interest rate derivatives strategies. You will be equipped with the practical knowledge and skills necessary to navigate the complex and ever-changing derivatives market, and make informed decisions to maximize profits while minimizing risk exposure.
Upon completing this program and passing the Chartered exam, you will earn the Chartered Interest Rate Derivatives, Swaps and Risk Management Professional (CIRS™) designation. The CIRS™ designation is recognized as a prestigious and highly sought-after credential that testify your expertise and knowledge in navigating effective interest rate derivatives, swaps implementations and risk management in today’s complex financial landscape. It will also increase your credibility and reputation in the field of finance and investment, potentially opening doors to new career advancement opportunities.
Globally demanded and recognized, this designation is an industry-recognized trademarked charter developed by the Chartered Institute of Professional Certifications and has lifelong validity. It is also independently accredited by CPD as adhering to the highest standards of continuing professional development.
J.C. Fernandez-Seoane is a distinguished professional with over 30 years of experience in international treasury, banking, and financial markets, specializing in risk management. As an accomplished leader in the trading, marketing, and sales of foreign exchange and interest rate derivatives, J.C. has an impressive track record of establishing and restructuring derivatives businesses.
Currently, J.C. serves as the Senior Vice-President and Director of Foreign Exchange at WSFS Bank in Philadelphia, where he is responsible for overseeing the bank's foreign exchange operations. In addition to his corporate role, J.C. is a dedicated educator, teaching financial and risk management courses at Manhattanville College and Muhlenberg College. As a head instructor, he has collaborated with esteemed universities such as Yale, Toronto, and Syracuse on various finance and investment courses.
J.C.'s expertise in corporate liquidity, capital, and risk management is further demonstrated by his Certified Treasury Professional (CTP™) designation, awarded by the Association for Financial Professionals. His extensive experience and commitment to excellence make J.C. Fernandez-Seoane a prominent figure in the world of finance and risk management.
10 hours 31 minutes
Overview - Fundamental Financial Concepts
Time Value of Money & Pricing of Future Cash Cashflows
Term Structure of Interest Rates, Forward, Cost of Carry, Arbitrage
What are Derivatives?
Overview - Interest Rate Futures and FRAs
What is Interest Rate Risk?
Forward Rate Agreements
Interest Rate Futures
Overview - Interest Rate Swaps
IRS: Use Cases
Mark-to-Market and Margin Trading (Excel)
Overview - Interest Rate Options
Cap & Floors: Definitions
Cap & Floors: Mechanism & Risk Profile
Overview - Foreign Exchange Forwards
Why Foreign Exchange?
Interest Rate Parity
Overview - Foreign Exchange Swaps
FX Swaps and FX Forwards (Excel)
Overview - Foreign Exchange Options
Foundations of FX Options
Pricing of FX Options
Overview - Foreign Exchange Options
Necessity of Cross-Currency Swaps & Cash Flows
Overview - Exotic Derivatives
Types of Exotic Derivatives
Used Cases: Barrier Options
Overview - Securities & Embedded Derivatives
Securitization & Credit-Default Swaps
Overview - Credit & Legal Aspects of OTC Derivatives
Credit Aspects of Derivatives
Legal Aspects of Derivatives: ISDA
Regulatory Aspects of Derivatives: Dodd-Frank
Case Study 1
Case Study 2
Overview - Best & Bad Practices of Derivatives Management
Best Practices of Derivatives Risk Management
Bad Practices of Risk Management with Derivatives
At the end of the program, there will be a Chartered exam comprised of 50 multiple choice questions. Upon passing the exam, you will be accredited with Chartered Interest Rate Derivatives, Swaps and Risk Management Professional (CIRS™) designation.
If you have challenges passing the exam, you can secure assistance from our team and faculty leader to help you pass the exam.
Upon completion of the program and successfully passing the Chartered exam, you will be awarded the prestigious Chartered Interest Rate Derivatives, Swaps, and Risk Management Professional (CIRS™) designation, which can be showcased in your resume, CV, and other professional credentials. This globally recognized and respected credential serves as a testament to your expertise in the field, granting you lifelong validity.
As a CIRS™ certificate holder, you will stand out as an authority in interest rate derivatives, swaps, and risk management, elevating your credibility and appeal to prospective employers or clients. Developed by the Chartered Institute of Professional Certifications, this industry-recognized and trademarked charter sets you apart in the competitive finance landscape.
Additionally, the program's content has been independently accredited and certified by the Continuing Professional Development (CPD) organization, ensuring that it adheres to the highest standards of continuing professional development. By attending the CIRS™ program, you will not only enhance your knowledge and skills but also gain a valuable and marketable credential that paves the way for career growth and success in the rapidly evolving world of finance.
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Chartered Interest Rate Derivatives, Swaps and Risk Management Professional (CIRS™)4.6 (936 ratings)