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Operations Certificate Programme (OCP)
 
The Operations Certificate Programme (OCP) is regarded as an essential qualification for professionals intending to develop their knowledge of financial market operations.

The course has been specifically designed to deliver the information necessary for delegates to further develop their understanding of operations relating to both equity and debt securities. This includes detailed training on subjects such as repos, securities lending & borrowing, corporate actions, regulatory initiatives, derivatives and collateral management.


By completing the programme you will:
  • Develop a broader knowledge of financial market operations which may be outside the scope of your current job
  • Understand at a deeper level the fundamental nature of key financial products
  • Be fully aware of the processing steps necessary to maintain control and to mitigate internal and external processing risks
  • Understand mandatory external regulation as it relates to the central clearing of OTC derivatives
  • Be part of a network of securities operations professionals around the world

Who should attend?


The programme is primarily intended for candidates working in operations and back office roles within a bank or fund management company, although it has become increasingly popular with those working in the middle office, collateral management and compliance areas. Other candidate profiles include those working for financial IT service companies, exchanges, data vendors and central securities depositories.

Candidates attending the OCP are typically (but not exclusively) in the following job functions; securities settlement, corporate actions, derivative operations, collateral management, middle office, reconciliation, static data, risk, compliance, accounting and IT.


Programme recognition

The OCP is included on the UK’s Financial Skills Partnership (FSP) qualifications list for the ‘Operations’ area.

OCP candidates also qualify for 29.5 credit hours under the guidelines of the CFA Institute’s Continuing Education Programme.



The OCP syllabus is organised around two key areas, broken down into multiple subtopics, and concludes with the OCP course exam:

1. Securities Operations

  • Securities trade life-cycle covering both equities and bonds
  • Securities trade life-cycle simulation; a ‘firm-versus-firm’ detailed exercise that mimics the tasks, deadlines and pressures experienced in an operations department
  • Repos - a detailed spotlight
  • Repo trade life-cycle simulation; a ‘firm-versus-firm’ detailed exercise on the tasks involved in processing a repo trade over multiple days
  • Securities lending & borrowing - a detailed spotlight
  • Corporate actions - a detailed spotlight
  • Regulatory overview

2. Derivative Operations and Collateral Management

  • Derivative fundamentals
  • Introduction to OTC derivatives
  • OTC derivative products & their processing
  • Collateral management for OTC derivatives
  • OTC derivative collateral life-cycle, incorporating a ‘firm-versus-firm’ detailed exercise on the tasks involved in collateral management of a trade over multiple days
  • Regulatory change for OTC derivatives
  • Central clearing & its impact on collateral

Course format

The OCP begins with a welcome reception on Sunday, with the training being delivered Monday to Friday. The exam takes place on Saturday morning, where candidates have three hours to complete a 75 question multiple choice paper.

To enhance understanding of concepts during the course, delegates will be sent extensive pre-course reading.

Furthermore, in order to maximise understanding of concepts during the course, multiple simulations and exercises are run throughout the course and a review session is held after lunch on Day 5.

Details of the next seminars

Brussels, Belgium
15-21 November 2015

  

Venue:
Novotel Brussels Centre Tour Noire
Rue de la Vierge Noire 32
1000 Brussels
Belgium

Please email education@icmagroup.org to register your interest to attend our next publicly scheduled courses.


Cost

The cost is £3,000.00 for ICMA Members and £3,900.00 for non-members.

ICMA Executive Education encourages all member and non-member companies to send multiple candidates on our courses, thereby ensuring that a range of individuals benefit from the experience at the same time. As a result, we are happy to offer the following discounts for multiple candidates:

2 to 4 candidates – 5% discount each*
5 to 9 candidates – 10% discount each*
10+ candidates - 15% each*

*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.

The course fee includes all lunches, coffee breaks and training materials.

Payment can be made by secure online credit card or by invoice. Please note that selecting the invoice method will add £50 (administration fee) to the course price. Multiple candidates from the same company can request one invoice, reducing the overall administration fee.


Please note:

The course is a non-residential learning programme, so candidates are responsible for arranging their own travel and accommodation.

Course materials will be provided to candidates in electronic format prior to the start of programme. Please ensure that you have access to this document during the course by either printing off a copy or by downloading it on your laptop, iPad or tablet.

Should you have any queries about the Operations Certificate Programme course please contact education@icmagroup.org.





OCP certificate holders

The names of the successful candidates from previous examinations are included in our list of Certificate holders.



Young Taek (Jerry) Woo

Organisation: Korea Securities Depository (KSD)
Job title: Assistant Manager at Securities Settlement Dept.

Describe what you do on a day to day basis in your job:
My main work is divided into two parts: I monitor the securities (stocks & bonds etc.) settlement process on a daily basis and also operate the settlement system during work time.  In addition to my daily work, we make recommendations to the financial supervisory authority to regulate related law and regulation, if needed.

Reasons for taking the course:

First of all, our co-workers strongly recommended me to register for the OCP course.  Also, I heard that it is a very meaningful course to achieve our career path and our goals.

Benefits of taking this course:
1. Improvement of relevant knowledge of securities industry
2. Experience of foreign country
3. Meeting participants from different countries




Andreas Grimm

Organisation: European Central Bank
Job title: Senior Expert, Financial Operations Services

Describe what you do on a day to day basis in your job:
I work in the Market Operations area of the ECB as part of the Financial Operations Service team and am responsible for the clearing and settlement of the various financial market operations.  My responsibilities cover the activities around the lifecycle of a trade, from trade enrichment, validation, processing, matching and settlement of operations. It includes the different events during the lifetime of a security, i.e. corporate actions, monitoring collateralisations and redemptions.  I have worked for more than five years in the operational area of a central bank.

Reasons for taking the course:
To obtain a systematic overview and understanding of the different operational matters and to enhance further my knowledge about the different financial instruments, their valuations and the best practises and developments in the financial markets.

Benefits of taking this course:

I found the course overall very challenging, but also very interesting and enriching and I have obtained my overall objectives, i.e. to obtain a systematic overview of financial operations and to obtain more knowledge about the different financial instruments, lifecycle of a security and valuations of securities.  I can duly recommend this course to anybody who works in the operational area as it is very thoroughly prepared and a very useful experience.




Björn Eriksson

Organisation: Swedish National Debt Office
Job title: Product Coordinator

Describe what you do on a day to day basis in your job:
I work in the Back Office Department with Business Development, System Management and participate in general projects.

Reasons for taking the course:
To get a greater understanding of the financial industry and a better knowledge of the processes involved and the participants working in the industry.

Benefits of taking this course:

I must say I have a greater understanding of the financial industry and a better knowledge of the processes and the participants in general.




Fabian Cosmann

Organisation: Eurex Bond GmbH
Job title: Vice President

Describe what you do on a day to day basis in your job:
Market and product design for the bond market.
Platform functionality and business development.

Reasons for taking the course:
Number of projects related  to Eurex Clearing; connecting of members to trading platform and CCP; cooperation between product design and clearing/settlement.

Benefits of taking this course:

Basic understanding of clearing/settlement workflows and recognition of certain correlations.








 

Fixed Income Certficate (FIC)