The FIG Banker
Master the skills necessary to make a direct impact in any FIG team. This online program covers the accounting, financial modeling, valuation (including discounted dividend model), and regulatory landscape for both bank and insurance companies.
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3000+ students enrolled
20.5
Hours
15
Topics
111
Practical exercises
5
Exams
The FIG Banker includes
- Comparing corporate and investment banking
- Building a bank’s balance sheet
- Building a bank’s income statement
- Calculating return on equity for a bank
- Deconstructing a bank’s balance sheet
- Financial instruments classification under US GAAP
- Cash & cash equivalents definition
- Repurchase agreements (Repos)
- Securities borrowed and loans
- Determining the fair value of financial instruments
- Other bank balance sheet line items in detail
- Understanding IFRS 9’s expected credit loss model
- Calculating expected credit loss provisions for preforming loans, underperforming loans and loans with objective evidence of impairment
- Identifying the accounting transactions required when posting expected credit loss provisions
- Calculating gross and net interest after accounting for expected credit loss provisions
- Building a KPI suite for a real set of bank financial statements
- Analysing Net Interest Income (NII) & Net Interest Margin (NIM)
- Reviewing the efficiency ratio
- Taking a deep dive into Return on Tangible Equity (RoTE)
- Calculating the Loan-to-Deposit Ratio (LDR)
- Appraising the Liquidity Coverage Ratio (LCR)
- Constructing an analysis of the Net Stable Funding Ratio (NSFR)
- Reviewing the Expected Credit Loss coverage ratio
- Calculating the Common Equity Tier 1 (CET 1) ratio
- Key objectives
- Key tools
- Recent initiatives
- Regulatory bodies
- Historical regulation
- Basel, MiFid and Dodd-Frank
- Stress testing
- Forecasting the balance sheet
- Forecasting net interest income
- Forecasting the income statement
- Calculating risk weighted assets
- Calculating required capital
- Completing the model
- Preparing for hand-off
- Explore the relationship between bank performance and valuation
- Calculate a bank’s market capitalization
- Explore the relationship between growth, risk and returns
- Understanding tier 1 capital assumptions
- Calculating maximum dividends
- Calculating terminal value
- Discounting the dividends
- Calculating equity value and cross checking with PE and Price to book value multiples
- Comparing the implied multiple of the terminal value and the overall valuation
- The key terminology and products used in insurance
- Calculating insurance revenues, costs and profits
- A review of the global insurance market and sectors
- Understanding and calculating life insurance benefits
- Introducing the concept of reinsurance
- A review of the main risks in insurance
- The key principals and methods used in insurance accounting
- Calculating insurance premiums and reserves for P&C business
- Understanding the modifications for life insurance accounting and its application for common types of policy
- Understanding how the insurance balance sheet and income statement are linked
- Calculating DAC asset and reinsurance reserves
- Understanding the different classifications and accounting for investments
- A review of the financial statements of a real insurance company
- An overview of the regulatory landscape
- Detailed explanations of the Solvency II approach
- Calculating capital requirements and ratios
- Understanding profit drivers in life insurance
- Analyzing profitability and capital
- A review of new business metrics
- Income statement, with claims and expenses and the combined ratio, and underwriting profit
- Claims reserves and their payout
- Unearned premium reserve
- Deferred acquisition costs (DAC)
- Incurred but not reported reserve (IBNR)
- Reinsurance assets
- Equity capital and solvency
- A comprehensive introduction to the key steps and methods used for valuing life insurance companies
- The key steps and flow used in building a life insurance model
- Forecasting key balance sheet line items
- Dealing with the effects of reinsurance
- Forecasting life insurance profits
- Modeling regulatory capital requirements in equity
- Income statement, with claims and expenses and the combined ratio, and underwriting profit
- Claims reserves and their payout
- Unearned premium reserve
- Deferred acquisition costs (DAC)
- Incurred but not reported reserve (IBNR)
- Reinsurance assets
- Equity capital and solvency
- Discounted dividend model
- Relative valuation using regression of ROE and P/BV
The FIG Banker
| Micro-Degree
Introduction to Bank Analysis
5.5
Hours
5
Topics
28
Practical exercises
1
Exam
Discover the inner workings of commercial and investment banking with our certified bank analysis course.
Intro to Banking
35 video minutes
3 excel exercises
Video minutes 35
Excel Exercises 3
Banking - Financial Statement Fundamentals
53 video minutes
0 excel exercises
Video minutes 53
Excel Exercises 0
Expected Credit Losses
13 video minutes
6 excel exercises
Video minutes 13
Excel Exercises 6
Deconstructing a Bank's Balance Sheet
23 video minutes
8 excel exercises
Video minutes 23
Excel Exercises 8
Bank Regulations
67 video minutes
11 excel exercises
Video minutes 67
Excel Exercises 11
Bank Modeling and Valuation
3
Hours
3
Topics
20
Practical exercises
1
Exam
Make better informed investment decisions for your clients by mastering the relationship between bank performance and valuation.
Modeling a Simple Bank Model
29 video minutes
10 excel exercises
Video minutes 29
Excel Exercises 10
Bank Valuation
28 video minutes
8 excel exercises
Video minutes 28
Excel Exercises 8
Dividend Discount Valuation
17 video minutes
2 excel exercises
Video minutes 17
Excel Exercises 2
Introduction to Insurance Analysis
7
Hours
5
Topics
32
Practical exercises
1
Exam
Discover the main types of insurance business and products, how to understand and interpret company financials, and get to grips with industry regulation.
Insurance Industry Overview
35 video minutes
6 excel exercises
Video minutes 35
Excel Exercises 6
Deconstructing Insurance Financial Statements
62 video minutes
10 excel exercises
Video minutes 62
Excel Exercises 10
Insurance Regulations
19 video minutes
3 excel exercises
Video minutes 19
Excel Exercises 3
Life Insurance Analysis
22 video minutes
4 excel exercises
Video minutes 22
Excel Exercises 4
P&C Insurance Analysis
87 video minutes
9 excel exercises
Video minutes 87
Excel Exercises 9
Insurance Modeling and Valuation
3
Hours
2
Topics
31
Practical exercises
2
Exams
Discover how modeling and valuing insurance companies differs substantially from other industries.
Life Insurance Model
60 video minutes
17 excel exercises
Video minutes 60
Excel Exercises 17
P&C Insurance Model
60 video minutes
14 excel exercises
Video minutes 60
Excel Exercises 14
Skills & Learning Objectives in The FIG Banker Micro-Degree
Learn from our expert instructors
Learn more about our full facultyReviewed by Industry Experts
Colin Evans
Managing Director at J.P. Morgan
Colin Evans is a Managing Director at J.P Morgan and leads the financial institutions coverage team globally for the Corporate Banking.
Dr. Bridget Lyons
Professor of Finance
Professor of Finance at the Jack Welch College of Business at Sacred Heart University and Associate Instructor.
Chris Bishko
CFO
CFO with over 25 years experience as an operator, investor and investment banker in technology and financial services.
Wall Street Recognized Certification
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| Ready-to-use sector and transaction models | |||
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