Risk management for UCITS funds

The financial turmoil has shown how important it is to understand and manage risks within financial institutions. Also, regarding investment funds, the latest regulator publications of the regulators clearly confirm the trend towards stronger risk management.

Rather than just trying to find the right metrics, risk managers and boards of directors of management companies will have to thoroughly understand their exposures and monitor them adequately.

It is therefore the responsibility of each actor (investors, board members, risk managers, etc.) to be able to identify the risks and understand the purpose of the main risk indicators (VaR, volatility, etc.).

In this context, PwC Academy is pleased to offer a dedicated training workshop that provides professionals with a comprehensive overview of risk management for investment funds in the context of UCITS IV.

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

• assess the impacts of UCITS IV in terms of risk management;
• define funds' risk profile;
• assess and measure the main types of risk (market risk, liquidity risk, counterparty risk, operational risk, etc).

• Risk management under UCITS IV and CSSF circular 18/698
• Governance
• Global exposure: VaR and commitment
• Leverage: methods used to generate and measure leverage
• Market risk
• Liquidity risk: how to manage it?
• Operational risk
• Counterparty risk
• Credit risk
• Risk management procedure and policy
• Disclosure
• UCITS vs AIFMD

This training is coordinated by Benjamin Gauthier, Partner at PwC Luxembourg.

It will be presented by PwC subject matter experts.

Benjamin Gauthier is a partner in PwC Luxembourg’s Regulatory, Risk and Compliance consulting team, specialising in Risk Management and governance for the Asset Management industry, with advisory services for private equity. He leads the Risk Management for Asset Management team and the “Managed Services” outsourcing initiative. With over 20 years of experience as a Risk Manager and consultant in investment funds and asset management, Benjamin has developed strong expertise in these sectors. He is an active member of ALFI/AIFMD and serves on the board of ALRiM, the Luxembourg association of risk managers. His work includes regulatory reporting, governance, ESG, and risk monitoring solutions for global clients.