Risk Management - Operational Risk for Funds

Who is the training for?

Financial service professionals who want to gain a good understanding of operational risk in the fund industry.

Duration

16,00 hours(s)

Language(s) of service

Next session

Goals

Operational risk is the "risk of loss resulting from inadequate or failed internal processes, people and systems or from external events" (Basel Accord). Because operational risk impacts practically every area of the investment industry, it has become an important area of focus among financial service professionals. This course provides participants with a good understanding of operational risk in the fund industry and how to manage it.

Define operational risk in accordance with market standards
Identify and categorise the different causes of operational risk in the investment fund industry
Assess the potential impact of diverse operational risks on funds
Learn how to apply the operational risk management cycle
Identify different means of mitigating operational risk
Understand the different players in the fund industry and how they are impacted by operational risk

Introduction
Causes of operational risk
- Processes
- People
- Systems
- External events
Operational risk management cycle
- Identification
- Assessment
- Mitigation and control
- Monitoring and reporting
Supporting processes
- Loss data collection process
- Risk & control self-assessment (RCSA)
- Key risk indicators
Market players
- Transfer agents
- Distributors
- Fund accountants
- Custodians/depositaries
Outsourcing risk
New product approval process
Other operational risks
- Real assets
  - Private Equity
  - Real estate
New technology
- A.I.
- Financial Technology
Business continuity management
- Disaster recovery plan
- Resolution plan
- Business continuity plan
Future trends