The objective is to present techniques and modern instruments to better process information; to identify sources of risks; to manage risks; to; to take advantage of opportunities in the strategic planning; to attain higher efficiency in risk management; to avoid extreme risks; and to deliver quantitative tools that participants can use in their businesses. Instructional material in Portuguese with examples obtained from the market and solved with electronic spreadsheets.


. Asset and liability aggregation
. Application of ALM in Brazil
. Scenario and decision trees
. Asset Liability Management -ALM
. Expected return, risk and covariance
. Long-term scenarios
. Comparison between futures, swaps, options, and exotics
. Cash control: deterministic x probabilistic CFaR
. Creating an organizational accountability culture
. Agency costs and information asymmetry
. Risk decomposition, marginal risks and limits
. Definition of relevant variables in corporations risk
. Debt contract design: senior and junior debts, convertibles and callables
. Determination of an ALM objective
. Effect of cash-flow uncertainty
. Enterprise-wide risk management
. Long and short term strategies
. Hedging strategies
. Capital structure and sources of risk
. Risk management within corporations
. Hedging and the use of derivatives
. Identification of exposures
. Risk indicators: VaR, CVaR, SaR, and CFaR
. Sabannes-Oxley Act
. Mean-variance, stochastic programming and decision rules
. Multifactor models
. Policy on dividends, stock repurchase (share repurchase) and debt risk
. Risks of own capital
. Macroeconomic risk and strategies of tactic and insured allocation
. Selection of ideal benchmark ideal and maverick risk
. Simulation of scenarios
. Monte-Carlo simulation
. Risk signals

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