Operational risks in fund accounting

Over the past years, the landscape of the investment fund industry has been reshaping itself, adapting to the evolving financial markets. Along with this shift, changes have occured in the way the fund accountants operate, organise, manage risk, implement regulations and interact with other stakeholders of the investment fund value chain.

Our training aims at helping you understand and monitor the different risks inherent to the FA operations and processes.

By the end of this session, the participants will have a good understanding of operational risk linked to fund accounting activities and of its causes (people, processes, systems and external events).

• Risk management and the different types of risks (market, credit, liquidity, operational and others)
• Definition of operational risk
• Operational risk (processes, people, systems, external events)
• ORM (identify, assess, optimise, monitor, report) and the 3 lines of defence model

This training will be coordinated by Sébastien Schmitt, Director at PwC Luxembourg.

Sébastien is a director in the risk and regulatory advisory team at PwC Luxembourg where he assists asset managers with risk and regulatory requirements. He has spent 15 years in consulting for big 4 firms and assisting mainly asset managers but as well bankers and insurers with risk, transparency and regulatory requirements.

Sébastien has developed strong experience in risk management, financial and alternative investments.