FIS Adaptiv Market Risk Measurement Training Course

Course overview

Market-risk teams need more than a theoretical understanding of VaR or stress testing: they must configure risk factors correctly, validate positions and market data, interpret model outputs, and explain results to risk committees, finance teams, and regulators. FIS Adaptiv is used to bring these activities into a controlled market-risk workflow, but value depends on users understanding the data lineage, calculation choices, aggregation logic, and reporting controls behind each number. This course addresses the gap between operating the platform and producing risk measures that can be defended.

Over five days, participants work through the FIS Adaptiv market-risk process from portfolio and market-data setup to VaR, sensitivities, stress testing, backtesting, P&L attribution, and management reporting. They learn to map trades to risk factors, configure historical and parametric risk calculations, review data-quality exceptions, analyse limit utilisation, investigate breaches, and distinguish genuine market moves from configuration or data issues. The course also covers governance practices for model assumptions, valuation inputs, calculation runs, and result sign-off.

Delivery combines instructor-led demonstrations with guided work in an FIS Adaptiv training environment and realistic multi-asset portfolio cases. Participants complete calculation and analysis exercises each day, culminating in a market-risk reporting pack containing VaR results, stress-test findings, limit commentary, exception analysis, and proposed actions. This tangible deliverable gives attendees a reusable structure for their own daily, weekly, or monthly risk-management routines.

The course is suited to foundation-to-intermediate practitioners who use, support, review, or rely on FIS Adaptiv market-risk outputs, including risk analysts, market-risk managers, product-control staff, treasury professionals, and technology teams supporting risk platforms.

Course objectives

By the end of this course, participants will be able to:

• Configure an FIS Adaptiv market-risk run using defined portfolios, valuation dates, risk horizons, and calculation parameters
• Map positions, curves, surfaces, and market-data inputs to the risk factors required for VaR and sensitivity analysis
• Calculate and interpret historical simulation and parametric Value at Risk measures in FIS Adaptiv
• Produce delta, gamma, vega, DV01, and key-rate sensitivity reports for multi-asset portfolios
• Design stress scenarios and reverse-stress tests that isolate material market-risk drivers
• Perform VaR backtesting and P&L attribution to investigate exceptions and model-performance issues
• Analyse limit utilisation and prepare escalation commentary for market-risk limit breaches
• Create a documented market-risk reporting pack with results, assumptions, data exceptions, and management actions

Benefits of attending

Target competencies

Who should attend

• Market Risk Analysts — who produce VaR, sensitivities, stress tests, and daily risk commentary
• Market Risk Managers — who review exposures, approve limits, and challenge risk results
• Product Control Analysts — who reconcile P&L movements with market-risk measures and valuation drivers
• Treasury Risk Professionals — who monitor interest-rate, liquidity, and foreign-exchange exposures
• Risk Technology Analysts — who support FIS Adaptiv configurations, interfaces, and calculation workflows
• Internal Audit and Risk Control Staff — who assess market-risk governance, controls, and evidence trails

Requirements and prerequisites

Participants should be comfortable reading trade positions and basic market-risk reports, and should understand the purpose of Value at Risk, sensitivities, profit and loss, yield curves, foreign exchange rates, and volatility. Experience with a risk system, spreadsheet-based analysis, or SQL-style data extracts is helpful but not essential. Prior FIS Adaptiv experience is not required; complete beginners should expect an initial orientation to the platform and its core data objects before working through calculations. This is not a quantitative modelling course, so advanced stochastic calculus, programming, and model-development experience are not required.

Training methodology

The instructor demonstrates each workflow in FIS Adaptiv before participants repeat it in a controlled training environment using a multi-asset trading portfolio. Short technical sessions explain the risk measure, followed by hands-on tasks covering portfolio setup, market-data checks, VaR runs, sensitivities, stresses, and exceptions. Participants work in small groups to challenge scenario assumptions and draft limit-breach commentary. Daily outputs feed an end-of-course market-risk pack, and the final session includes an application-planning workshop focused on adapting the methods to participants’ own reporting calendar, controls, and stakeholders.

Course outline

Day 1: FIS Adaptiv foundations and risk-data workflow

• FIS Adaptiv architecture, navigation, and core market-risk objects
• Portfolio hierarchies, legal entities, books, and aggregation structures
• Trade-position ingestion and position completeness controls
• Risk-factor taxonomy for rates, foreign exchange, equity, credit, and commodities
• Market-data snapshots, curves, volatility surfaces, and fixing data
• Valuation date, as-of time, and calculation-calendar conventions
• Data-quality exception review and calculation readiness checks

Workshop: Participants validate a supplied multi-asset portfolio, identify missing mappings and stale market data, and produce a calculation-readiness checklist.

Day 2: VaR configuration and sensitivity measurement

• Value at Risk assumptions: confidence level, horizon, holding period, and lookback window
• Historical simulation VaR configuration in FIS Adaptiv
• Parametric VaR inputs, covariance assumptions, and diversification effects
• Full revaluation and approximation approaches to risk calculation
• Delta, gamma, vega, DV01, and key-rate sensitivity measures
• Risk-factor decomposition and component VaR interpretation
• Portfolio aggregation, drill-down, and VaR movement analysis

Workshop: Participants configure VaR and sensitivity calculations for a trading portfolio and produce a desk-level exposure and VaR movement report.

Day 3: Stress testing and market-risk limits

• Historical stress scenarios and event-based market shocks
• Hypothetical scenario construction across correlated risk factors
• Curve shocks, basis shocks, volatility shocks, and foreign-exchange shocks
• Scenario aggregation and concentration-risk identification
• Reverse stress testing for defined loss thresholds
• Market-risk limit structures, thresholds, and utilisation monitoring
• Limit-breach investigation, escalation, and remedial-action documentation

Workshop: Participants build a cross-asset stress scenario, assess its impact against limits, and draft a limit-breach escalation note.

Day 4: Backtesting, P&L attribution, and model control

• VaR backtesting workflow and actual-versus-predicted loss comparison
• Clean P&L, hypothetical P&L, and actual P&L definitions
• Backtesting exceptions and traffic-light interpretation
• P&L attribution by market-risk factor and desk
• Explaining VaR changes through positions, market moves, and methodology changes
• Model assumptions, parameter governance, and calculation audit trails
• Data, model, and operational controls for market-risk sign-off

Workshop: Participants investigate a backtesting exception using P&L attribution evidence and produce a documented root-cause assessment.

Day 5: Risk reporting, governance, and workplace application

• FIS Adaptiv report views, extracts, and scheduled reporting outputs
• Executive VaR, sensitivities, stress, and limit-utilisation dashboards
• Risk commentary techniques for daily and monthly reporting
• Materiality thresholds and exception-reporting standards
• Basel FRTB market-risk concepts and reporting relevance
• Management-information pack structure and review evidence
• Operational handover, run-book design, and continuous-improvement actions

Workshop: Participants assemble and present a market-risk reporting pack containing VaR, sensitivities, stress results, limit commentary, exceptions, and an action plan.

Tools & standards covered

FIS Adaptiv, Microsoft Excel, SQL, Basel FRTB

A typical training day

Live online deliveries follow the same structure in the East Africa Time zone, with shorter screen blocks and longer breaks.

What the fee includes

How you can take this course

Certification

Participants who complete the full five days receive the Skillset Development Certificate of Completion, stating the course title, course code, dates and delivery format — suitable for professional-development records and employer reimbursement.

Frequently asked questions