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Fundamentals of Bank Investment Portfolio Management

Over the last several years, bank investment portfolio management has become increasingly more important – and considerably more challenging. Given the current environment, investment portfolios as a percentage of total assets, have grown. Good credits/loans have been far more elusive – an effect with roots that reach back to the financial crisis. In addition, the need to manage a portfolio with broader ALM objectives in mind is always essential.

Adding to this, regulatory capital requirements and dramatically increased regulatory scrutiny have led to more conservatism in bank portfolios – including increased attention to enterprise risk management. The result is that the returns generated from bank investment portfolios are more material to banks' non-interest income, and banks need to get more out of the investments not in "safe" instruments, such as Treasuries. Throw in the current low interest rate environment and a likely imminent rise in rates, and success becomes ever more difficult.

In addition to a quick overview of portfolio management, this program will provide an understanding and analysis of specific investment instruments and the current fixed income/debt capital markets, as well as recent developments in the industry, including regulatory changes. Last, but certainly not least, you will gain a wealth of ideas for optimizing your portfolio structure and returns (e.g., maximizing risk adjusted returns).

Learning Objectives:

  • Understand the influence the Treasury and swap curves have on fixed income markets
  • Identify and understand the essential elements of bank investment portfolio management
  • Learn how to quantify risk using duration and convexity metrics
  • Connect the investment portfolio to IRR management
  • Formulate/articulate an investment policy that meets your bank’s strategic goals and risk appetite
  • Identify and learn from the common themes of high performing portfolios
  • Understand how regulations and accounting standards impact investment portfolio management
  • Gain a historical view of municipal credit to inform your understanding of its role in today’s market and your portfolio
  • Review analytical tools commonly used on Bloomberg
  • Review successful strategies and learn how they can be used to improve your portfolio's risk-adjusted returns

Please note: This program is specific to the banking sector, and extends beyond the overview provided in our Debt Capital Markets program, delving into the instruments banks and credit unions are more likely to (and/or should) invest in. Also, because the Debt Capital Markets program covers multiple industries, it does not tackle the ALM perspective, the impact of the regulatory environment, and other aspects that are particular to banking. These aspects will be integral to the Fundamentals of Investment Portfolio Management curriculum.

Who Attends? 

  • Anyone who works in and around the management of a bank or credit union investment portfolio 
  • For community banks and credit unions, this may be the CEO, CFO or a Chief Investment Officer (CIO). The portfolio management function may also fall under the purview of Treasury 
  • Regulators with an interest in this topic are welcome
  • Finally, the course is also open to junior level consultants who may advise banks/credit unions on investment/portfolio management.


Todd Patrick, CFA
CenterState Bank
Senior Vice President
Gil Harvard
The Todd Organization
Senior Consultant

Fundamentals of Bank Investment Portfolio Management Agenda

MONDAY, November 14th
8:30 am
Introduction and Bond Fundamentals:
9:30 am
Rates Up, Prices Down – Why?:
10:45 am
Evaluating Price Risk:
12:00 pm
01:00 pm
Fixed Income Sector Reviews:
01:30 pm
Mortgage Backed Securities (MBS):
02:30 pm
Collateralized Mortgage Obligations (CMO):
03:15 pm
Agency Step-Ups:
04:00 pm
04:45 pm
BOLI: Another Tax-Advantaged Alternative:
05:30 pm
Day One Concludes:
TUESDAY, November 15th
08:30 am
Where to Go in Today’s Market:
10:15 am
Assessing the Overall Portfolio’s Performance:
11:45 am
12:45 pm
Connecting the Dots:
03:00 pm
Regulatory Review:
05:30 pm
Program Concludes:

Ticket Info

Group discounts available.

Event location

The Fort Worth Club

306 W 7th St., Fort Worth, TX

Phone: 817-336-7211


What is the dress code?
Business casual

Do I need a laptop?

What is your cancellation policy?
Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another The Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

The Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. The Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. The Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, the Knowledge Center will refund the registrant's tuition in full, however the Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding the Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a Knowledge Center conference, seminar, or other program, hereby grants permission to the Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with the Knowledge Center’s conferences, instructional, and/or marketing activities.

Continuing Education Credits

15 Hours
The Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 15 CE credit hours as granted by CFA Institute If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary upon request.
18 Hours
Participants who complete this program qualify for 18 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-Live. The Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: