Provide initial training on family office operations and services
2
Introduce to the team and related departmental structures
3
Overview of derivatives (concepts, types, applications, and strategies)
4
Detailed Explanation and review of Standard Models used in derivative Pricing
5
Installation and Introduction to software tools used for Derivative Analysis
6
Training on risk management principles and strategies within a family office context
7
Review and Understanding the Regulatory Environment and Compliance Requirements
8
Data Analysis and Coding training (SQL, Python, R, etc.)
9
Market Research and Forecasting Strategies Training
10
Understanding Client Service and Communication Standards for the Family Office
11
Approval: Manager review of understanding of the initial training
12
Hands-on practical sessions with model portfolios
13
Mock client meetings to establish understanding of client communication
14
Understanding KYC (Know Your Client) and AML (Anti-Money Laundering) Requirements
15
Training for internal and external auditing procedures
16
Shadow Experienced Derivatives Analysts on Job
17
Participate in team meetings and client interaction calls
18
Approval: Supervisor review of application of skills learnt
19
Continuous follow-up training sessions
20
Provide feedback and suggestions for the training process
Provide initial training on family office operations and services
This task is crucial as it sets the foundation for the onboarding process. It aims to equip the new derivatives analyst with a comprehensive understanding of the family office operations and services. By the end of this training, the analyst should be able to grasp the key aspects of how a family office functions, including investment management, wealth preservation, and reporting. The training will cover topics such as the role of a derivatives analyst within a family office, client expectations, and key performance metrics. Do you have any experience with family office operations? What key challenges might you anticipate while adapting to this role? Do you have any prior knowledge of the services offered by a family office?
1
Yes
2
No
Introduce to the team and related departmental structures
Building an understanding of the team and related departmental structures is essential for effective collaboration and coordination. By the end of this task, the new analyst should be able to identify the different teams and departments within the family office, understand their roles and responsibilities, and establish professional relationships. This task also provides an opportunity to foster a sense of belonging and team spirit. Who do you believe will be your key stakeholders within the family office? What specific collaborations would you expect to have with other teams and departments? How do you think establishing relationships with your colleagues will contribute to your role as a derivatives analyst?
Overview of derivatives (concepts, types, applications, and strategies)
This task aims to provide the new derivatives analyst with a comprehensive overview of derivatives, including their concepts, types, applications, and strategies. By the end of this task, the analyst should be able to explain the basic concepts of derivatives, identify different types of derivatives, understand their practical applications, and recognize various strategies used in derivative trading. How would you define derivatives in your own words? Can you provide examples of different types of derivatives? How do you think derivatives can be used to manage risks and enhance investment returns?
Detailed Explanation and review of Standard Models used in derivative Pricing
Understanding and reviewing standard models used in derivative pricing is crucial for accurate valuation and pricing of derivatives. By the end of this task, the analyst should be familiar with widely used models such as Black-Scholes, Binomial, and Monte Carlo Simulation. They should be able to comprehend the underlying assumptions, limitations, and applicability of these models. Do you have any prior knowledge or experience with derivative pricing models? Can you provide examples of situations where each model may be more suitable?
1
Yes
2
No
Installation and Introduction to software tools used for Derivative Analysis
This task involves the installation and introduction to the software tools used for derivative analysis. Analysts will learn to navigate and utilize tools such as Bloomberg Terminal, MATLAB, or Excel, which are commonly used in the derivatives industry. By becoming proficient in these tools, analysts will be able to perform efficient data analysis and pricing calculations. Which software tool are you most excited to learn and why? What challenges do you anticipate while learning these software tools?
1
Bloomberg Terminal
2
MATLAB
3
Excel
4
Others
Training on risk management principles and strategies within a family office context
This task is focused on providing training on risk management principles and strategies within a family office context. Analysts will gain a comprehensive understanding of risk assessment, mitigation, and monitoring techniques specific to family office operations. By developing risk management skills, analysts will be able to identify and address potential risks associated with derivative investments effectively. How do you plan to apply risk management principles in your work as a derivatives analyst? What potential challenges do you foresee in risk management within a family office?
1
Quantitative analysis
2
Qualitative analysis
3
Scenario analysis
4
Stress testing
5
Others
1
Diversification
2
Derivatives hedging
3
Insurance
4
Capital allocation
5
Others
Review and Understanding the Regulatory Environment and Compliance Requirements
This task focuses on the review and understanding of the regulatory environment and compliance requirements applicable to derivatives trading within a family office. Analysts will learn about regulatory bodies, such as SEC and CFTC, and the rules and regulations governing derivatives markets. By complying with regulatory requirements, analysts ensure adherence to ethical practices and prevent potential legal complications. How do you plan to stay updated with the evolving regulatory landscape? How will a strong understanding of compliance requirements impact your work as a derivatives analyst?
1
SEC
2
CFTC
3
Others
1
Risk disclosures
2
Trade reporting
3
Client suitability
4
Margin requirements
5
Others
Data Analysis and Coding training (SQL, Python, R, etc.)
This task focuses on providing training in data analysis and coding skills for derivatives analysis. Analysts will learn programming languages like SQL, Python, R, or other commonly used tools for data manipulation and analysis. By mastering these skills, analysts will be able to extract, clean, and interpret relevant data for derivative analysis. How do you plan to utilize data analysis and coding skills in your work? What challenges do you foresee in learning and applying these skills?
1
SQL
2
Python
3
R
4
Others
Market Research and Forecasting Strategies Training
This task involves training in market research and forecasting strategies. Analysts will learn various techniques for market analysis, including fundamental analysis, technical analysis, and quantitative analysis. Additionally, they will be trained in forecasting strategies such as trend analysis, regression modeling, and time series analysis. By mastering market research and forecasting, analysts will be able to make informed decisions and predictions regarding derivative investments. Which market research technique appeals to you the most and why? How do you plan to apply forecasting strategies in your work?
1
Fundamental analysis
2
Technical analysis
3
Quantitative analysis
4
Others
Understanding Client Service and Communication Standards for the Family Office
This task focuses on understanding client service and communication standards specific to the family office environment. Analysts will learn effective communication techniques, active listening skills, and ways to provide superior client service. By mastering these skills, analysts will be able to establish strong relationships with clients and deliver customized solutions to meet their specific needs. How do you plan to leverage client service and communication skills in your interactions with clients? What challenges do you anticipate in client communication within a family office?
1
Active listening
2
Empathy
3
Clarity
4
Professionalism
5
Others
Approval: Manager review of understanding of the initial training
Will be submitted for approval:
Provide initial training on family office operations and services
Will be submitted
Introduce to the team and related departmental structures
Will be submitted
Overview of derivatives (concepts, types, applications, and strategies)
Will be submitted
Detailed Explanation and review of Standard Models used in derivative Pricing
Will be submitted
Installation and Introduction to software tools used for Derivative Analysis
Will be submitted
Training on risk management principles and strategies within a family office context
Will be submitted
Review and Understanding the Regulatory Environment and Compliance Requirements
Will be submitted
Data Analysis and Coding training (SQL, Python, R, etc.)
Will be submitted
Market Research and Forecasting Strategies Training
Will be submitted
Understanding Client Service and Communication Standards for the Family Office
Will be submitted
Hands-on practical sessions with model portfolios
This task involves hands-on practical sessions with model portfolios. Analysts will have the opportunity to work directly with sample portfolios and gain practical experience in portfolio analysis, optimization, and rebalancing. By applying theoretical knowledge to real-world scenarios, analysts will develop a deeper understanding of portfolio management principles. Which aspect of hands-on portfolio analysis are you most excited about and why? How do you plan to utilize this experience in your work as a derivatives analyst?
1
Asset allocation
2
Risk assessment
3
Performance evaluation
4
Rebalancing strategy
5
Others
Mock client meetings to establish understanding of client communication
This task involves conducting mock client meetings to establish an understanding of client communication. Analysts will have the opportunity to practice presenting investment strategies, discussing risk appetite, and addressing client concerns. By simulating real-life scenarios, analysts will enhance their communication skills and gain confidence in client interactions. How do you plan to prepare for these mock client meetings? What challenges do you anticipate in client communication during these meetings?
Understanding KYC (Know Your Client) and AML (Anti-Money Laundering) Requirements
This task focuses on understanding the KYC (Know Your Client) and AML (Anti-Money Laundering) requirements within a family office. Analysts will learn the importance of verifying client identities, assessing their risk profiles, and ensuring compliance with anti-money laundering regulations. By adhering to KYC and AML procedures, analysts contribute to maintaining the integrity and security of the family office. How do you plan to implement KYC and AML requirements in your work as a derivatives analyst? What challenges do you foresee in complying with these requirements?
1
Verification of identity
2
Risk assessment
3
Document collection
4
Ongoing monitoring
5
Others
Training for internal and external auditing procedures
This task involves training for internal and external auditing procedures within the family office. Analysts will learn about audit processes, importance of documentation and evidence, and the role of auditors. By understanding auditing procedures, analysts will contribute to maintaining transparency and accountability in the family office operations. How do you plan to incorporate auditing procedures in your work as a derivatives analyst? What challenges do you anticipate in the auditing process?
1
Planning and preparation
2
Fieldwork and testing
3
Reporting and follow-up
4
Review and evaluation
5
Others
Shadow Experienced Derivatives Analysts on Job
This task involves shadowing experienced derivatives analysts on the job. New analysts will have the opportunity to observe and learn from experienced professionals, gaining insights into real-life problem-solving, decision-making, and portfolio management. By shadowing, analysts can expect to acquire valuable knowledge and skills that are difficult to learn through formal training alone. How do you plan to make the most of your shadowing experience? What specific aspects of portfolio management do you hope to learn from experienced analysts?
Participate in team meetings and client interaction calls
This task involves actively participating in team meetings and client interaction calls. New analysts will have the opportunity to contribute ideas, ask questions, and engage in discussions with team members and clients. By participating in these sessions, analysts will gain valuable insights, build relationships, and enhance their understanding of client needs. How do you plan to actively contribute in team meetings? What challenges do you anticipate in client interaction calls?
Approval: Supervisor review of application of skills learnt
Will be submitted for approval:
Hands-on practical sessions with model portfolios
Will be submitted
Mock client meetings to establish understanding of client communication
Will be submitted
Understanding KYC (Know Your Client) and AML (Anti-Money Laundering) Requirements
Will be submitted
Training for internal and external auditing procedures
Will be submitted
Shadow Experienced Derivatives Analysts on Job
Will be submitted
Participate in team meetings and client interaction calls
Will be submitted
Continuous follow-up training sessions
This task focuses on continuous follow-up training sessions to reinforce and expand upon the knowledge and skills acquired in previous tasks. Analysts will have the opportunity to clarify doubts, seek additional guidance, and stay updated with industry trends and best practices. By engaging in continuous learning, analysts can ensure their expertise remains up-to-date and relevant. How do you plan to stay engaged in continuous learning? What specific areas of derivatives analysis would you like to explore further?
Provide feedback and suggestions for the training process
This task involves providing feedback and suggestions for the training process. Analysts are encouraged to share their thoughts, ideas, and recommendations to enhance the training program and ensure its effectiveness. By actively participating in this feedback process, analysts contribute to the continuous improvement of the onboarding process. What feedback or suggestions do you have for improving the training program? How can the training process be made more engaging and interactive?
