NUS RMI-ACTS Workshop in FX and Liquidity Risks Management in APAC
16 - 17 April 2024
NUS RMI-ACTS Workshop in FX and Liquidity Risks Management in APAC
Program Synopsis / Overview
In this course, we shall present an outline of the daily life in the Corporate Treasurer, what are the typical roles and responsibilities. We will share some typical workflow and operational activities in our daily work. i.e FX exposures, cashflow forecasts and liquidity reports are one of the main reports that Treasurers look at and monitor.
As Treasurers, we will have to manage the financial risks like cashflow, FX, IR, funding and it is our responsibility to ensure that operationally the organisation is protected and funded without hiccups and gaps.
Asia Pacific region is home to many interesting markets whereby the currencies usage is restricted, market liquidity is limited, and cross border fund transfers are not straightforward.
Treasurers need to have a good understanding of the market colors and stakeholders’ behavior, the currency liquidity and the hedging options available. As cash and liquidity managers, we need to know how to optimize our cash, structure our bank accounts and network, and proactively manage any restrictions on capital controls and movement of funds.
Learning Outcomes
At the end of the program, the participants will be able to:
- Identify, Quantify and Benchmark FX & FX Market Liquidity Risks
- Demonstrate a clear understanding of the overview, behaviour and constraints of FX Markets and Regulations
- Demonstrate a clear understanding of the overview, depth & liquidity, costs & efficiencies of FX Hedging Products
- Identify Cash & Funding Liquidity Risks and learn how to quantify and benchmark them
- Illustrate the overview, regulations and solutions of Capital Controls and Cross Border Regulations
- Demonstrate a clear understanding of overview, options, costs & constraints of Cashpool Structures and Liquidity Solutions
Entry Requirements / Pre-requisites
- Finance, Accounting, Business related Degrees/Diplomas/Professional certifications
- Buy side finance/treasury professionals
- 3 – 5 years of finance/treasury work experience in SMEs or MNCs
Program Agenda
Section A: Overview of Corporate Treasury
- Typical Setup of Corporate Treasury
- Typical Role and Responsibilities of a Corporate Treasurer
- Typical Group Treasury Structure
Section B: Liquidity Risks and Cash Management
- Basics of Financial Risks Management
- Cash Management
- Liquidity Management
Section C: FX Risks Management
- The importance of FX Risk Management under socio-political uncertainty and volatile economic conditions
- What are the major types of risks? How they are managed or mismanaged?
- Why do treasury teams need to work harder than ever to manage FX risk?
- How to monitor and measure foreign exchange risk?
- How to manage foreign exchange risk?
Lecturers
Kan Chen
Deputy Director (Industry), NUS RMI and Professor (Practice Track), NUS RMI and Department of Mathematics
Prof. Kan Chen
Deputy Director (Industry), NUS RMI and Professor (Practice Track), NUS RMI and Department of Mathematics
Prof. Chen Kan is Deputy Director for Industry at RMI and Professor (practice track) with RMI and the Department of Mathematics.
He was a Portfolio Manager at Capstone (2015- 2018) and World Quant (2013-2015), trading systematic equity strategies. Before that he was an Executive Director at JP Morgan’s global equity prop trading desk. While at JP Morgan, he managed the quantitative principal strategy (QPS) group running multiple strategies in global markets. He moved to CreditEase (Beijing) in 2018, managing CreditEase's capital market FoF business as well as developing quantitative strategies for trading Chinese equity markets.
Before moving to the financial industry, he was assistant/(tenured) associate professor in NUS in 1992-2006, teaching computational science and physics. He also held administrative positions in NUS as Acting Head/Deputy Head of the Department of Computational Science and Deputy Director of the Institute for Mathematical Sciences. He got his BSc in Physics from University of Science and Technology of China in 1983 and his PhD in Physics from Ohio State University in 1988. He has published papers in top journals such as Nature and Physical Review Letters.
Chong Chin Jia
Head of Treasury Operations - Shell’s Asia Pacific Treasury Centre
Mr. Chong Chin Jia
Head of Treasury Operations - Shell’s Asia Pacific Treasury Centre
CJ is a treasury professional with 30 years of extensive experience and expertise in corporate treasury and financial markets. Currently Head of Treasury Operations at Shell’s Asia Pacific treasury centre, he has held roles specializing in business treasury management and financing, as well as in FX, MM & derivatives dealing throughout his 21 years in corporate treasury. Prior to Shell, he was an interbank FX dealer for several years each with JPMorgan and Bankers Trust Company. CJ holds a BSc (Information Systems) degree from NUS and is a CFA charter holder.
Felicia Foong
Regional Treasurer, Nestle Treasury Center Asia Pacific
Ms. Felicia Foong
Regional Treasurer, Nestle Treasury Center Asia Pacific
Ms. Felicia Foong, Regional Treasurer, Nestle Treasury Center Asia Pacific, leads Risk management, Forex and Cash management for Nestle Group in Asia Pacific. Nestle is the world’s largest Food and Beverage company, has over 270,000 employees in more than 190 countries.
She is a Chartered Accountant. Felicia graduated from Nanyang Technological University with a Bachelor in Accountancy and completed her Executive MBA program in Nanyang Business School. She has attended Finance and Executive leadership programs in Harvard Business School, UC Berkeley- HAAS Business School and London Business School.
Felicia brings with her a wealth of experience of more than 20 years in FMCG industry. Prior to Nestlé, she has worked with Procter and Gamble, GE Plastics, Novartis Pharma, SingTel and Coca Cola. She has worked across all areas of Finance in Financial planning and analysis, Financial and Cost Accounting, Treasury, and Internal Audit.
She has been recognized in 2015 as Asia’s 25 Most Influential Finance Professional and Female Treasurers.
Teo Yian Ping
Treasurer – Asia Pacific, Shell
Treasury Centre East (Pte) Ltd
Ms. Teo Yian Ping
Treasurer – Asia Pacific, Shell Treasury Centre East (Pte) Ltd
Yian Ping is Treasurer Asia Pacific for Shell since January 2017 and has held several senior roles during her career at Shell including regional and global finance roles with the Refining and Chemicals businesses. Her portfolio included the oil refineries and chemicals plants in Asia Pacific – a mix of wholly owned Shell assets, joint ventures, a public listed company, and the chemicals supply chain & logistics. She also spent a few years with the M&A team doing strategy, new market entry, acquisition, and divestment projects in the region. Prior to Shell, Yian Ping was with Prudential in Singapore and KPMG in London.
Yian Ping holds a BSc (Economics) degree from the London School of Economics and Political Science as well as an MBA degree from INSEAD. She is a member of the Institute of Chartered Accountants in England and Wales and a CFA Charterholder.
In her spare time, Yian Ping likes to spend quality time with her husband and 3 children. As a family, they love the nature – walking in the Singapore nature reserves, experiencing the beauty of the tropical forests. They also enjoy other outdoor activities and sports together.
Tingsong Ye
Chief Technology Offer, Sparks Systems
Mr. Tingsong Ye
Chief Technology Officer, Sparks Systems
Prior to Spark Systems, in 2013 Ting Song worked at “buy side” US hedge fund Pine River Capital Management in Hong Kong, where he was part of a four-person team managing a quantitative FX macro fund of US$1 billion. Whilst there, he designed and built from scratch a bespoke state-of-the-art algorithm electronic trading system, and managed intraday trade strategies and executions.
Previous to Hong Kong, in 2011 he was a FX Algorithmic Trading Strategist at the “Sell Side” investment bank – JP Morgan, in Singapore, where he was responsible for developing the electronic pricing of Asian and NDF currencies on the bank’s e-commerce FX platform, including building and supporting the pricing infrastructure and auto risk management.
Before his return to Asia in 2011, Ting Song has already built a distinguished career having worked in London for over 10 years. He first entered the world of FX electronic trading in 2009, at Barclays Capital in London, where he was a senior quant developer for Barclay’s bespoke Algorithmic Trading System (BATS). The BATS team was responsible for providing automated pricing and electronic risk management for the award-winning Barclay’s FX e-commerce platform BARX – it was one of the top three single-dealer platforms in the world at the time.
Ting Song’s first crack at banking industry was at UBS in 2007, where he was associate director and led a team of high calibre developers to design and deliver a Java/Oracle-based enterprise data solution, as part of a high-profile bank-wide strategic integration framework initiative.
After his graduation from Trinity College, University of Cambridge with a degree in Computer Science in 2000, Ting Song started his career in telecoms during its boom in the early 2000s. He later moved into the consultancy industry and became technical architect and principal consultant with the boutique UK firm Detica, now BAE Systems Applied Intelligence, where he led technical teams and managed consultancy projects such as CASE Management System for the UK government and customer insight project for telecom company T-Mobile.
Program Date & Venue
16 - 17 April 2024
Shaw Foundation Alumni House
Duration: 14 hours
Program Fee
S$1,900 (subject to 9% GST)
Note: Please hold payment/SkillsFuture Credit claims until further instructions.
SSG Funding
This program is eligible for SkillsFuture Singapore (SSG) funding claims subject to all eligibility criteria being met. Participants must pass all assessment components to be eligible for SSG funding.
| PROGRAM: | NUS RMI-ACTS Workshop in FX and Liquidity Risks Management in APAC | ||||||
|---|---|---|---|---|---|---|---|
| International Participants | Singapore Citizens1 | Singapore PRs | Enhanced Training Support for SMEs3 | ||||
| 39 years old or younger | 40 years old or older2 | ||||||
| Full Program Fee | $1,900.00 | $1,900.00 | $1,900.00 | $1,900.00 | $1,900.00 | ||
| Less: SSG Grant Amount | $0.00 | $1,330.00 | $1,330.00 | $1,330.00 | $1,330.00 | ||
| Nett Program Fee | $1,900.00 | $570.00 | $570.00 | $570.00 | $570.00 | ||
| 9% GST on Nett Program Fee | $171.00 | $51.30 | $51.30 | $51.30 | $51.30 | ||
| Total Nett Program Fee Payable, Including GST | $2,071.00 | $621.30 | $621.30 | $621.30 | $621.30 | ||
| Less Additional Funding if Eligible Under Various Schemes | $0.00 | $0.00 | $380.00 | $0.00 | $380.00 | ||
| Total Nett Program Fee Payable, Including GST, after additional funding from the various funding schemes | $2,071.00 | $621.30 | $241.30 | $621.30 | $241.30 | ||
1All self-sponsored Singaporeans aged 25 and above can use their SkillsFuture Credit to pay for the program. Click here to view the program (Course Reference Number: TGS-2020513895).
2Mid-Career Enhanced Subsidy (MCES) - Singapore Citizens aged 40 and above may enjoy subsidies of up to 90% of course fees. MCES subsidy applies if you turn 40 on the year that you take the course, even if the course is completed on or before your birthday. More info.
3Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the program fee. More info.
4Eligible organisations (excluding government entities) may apply for the absentee payroll funding via SkillsConnect for Singaporean/permanent resident participants attending the program during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME. More info.
Registration
Frequently Asked Questions
FAQs for NUS RMI-ACTS Workshop in Foreign Exchange & Liquidity Risks Management in APAC
Registration
How do I register for the course?
Click here to register.
Note: Please hold payment until further instructions.
- Click ‘Add to Cart’
- Click Checkout and follow the instructions to submit your particulars / register for an account with NUS Online Application Portal.
What should I do after I have registered?
Once the class is confirmed (i.e. reached its minimum class size and other factors) we will be in touch to confirm the class and payment details.
Funding/Payment
How much is the workshop fee?
Please see below for the general guideline. Click here for the detailed funding breakdown.
| Total Nett Programme Fee Payable, Including GST, after additional funding from the various funding schemes | |
| International Participants | S$2,071.00 |
| Singapore Citizens - 39 years old or younger | S$621.30 |
| Singapore Citizens - 40 years old or older | S$241.30 |
| Singapore PRs | S$621.30 |
| Enhanced Training Support for SMEs | S$241.30 |
When do I need to make payment?
Please make payment only after receiving a confirmation email from RMI.
How do I make payment?
We will send you the payment details as soon as the class is confirmed.
Can I utilise my SkillsFuture Credit to offset the remaining fee for this course?
Yes, all self-sponsored Singaporeans aged 25 and above can use their SkillsFuture Credit to pay for the program. Click here to view the programme at Skillsfuture website (Course Reference Number: TGS-TGS-2020513895).
Note: Please hold SkillsFuture Credit claims until further instructions.
How do I know if my company is qualified for the Enhanced Training Support for SMEs?
Click here for the complete details.
Document required:
- CPF Statement (Locals) and SDL Statement (Foreigners) showing the number of employees they are making contribution for; or
- Audited Financial Statement (showing their revenue); or
- Declared Income and Expenditure statement to IRAS for tax purpose.
Other Matters
Where is the venue of the workshop?
National University of Singapore, Shaw Foundation Alumni House (SFAH), 11 Kent Ridge Dr, Singapore 11924.
The nearest carpark to SFAH is Carpark 15, near Temasek and Eusoff Halls (map). Information on visitor's parking charges is available here.
Will I receive a certificate to acknowledge my attendance?
Yes, all participants will receive a certificate of participation upon completion.
Can I only attend one day of the workshop?
The individual will not be eligible for the course fee subsidy nor the certificate of participation if he/she drops out halfway through the workshop.
For other enquiries, please email sinta@nus.edu.sg
For enquiry, please contact rmitraining@nus.edu.sg