Risk management for UCITS funds

Professionals of the financial sector:

• Risk managers
• Compliance officers
• Management companies/fund board members
• Conducting officers
• Internal auditors

Recent financial turmoil has highlighted the importance of understanding and effectively managing risks within financial institutions. In the investment fund sector, recent regulatory publications clearly confirm the ongoing trend towards strengthened risk management requirements.

Beyond identifying appropriate metrics, risk managers and boards of directors of management companies must develop a comprehensive understanding of their exposures and ensure they are adequately monitored.
In this context, all stakeholders (investors, board members, risk managers, etc.) are expected to identify risks and fully understand the purpose of key risk indicators (e.g. VaR, volatility).

Against this backdrop, PwC’s Academy is pleased to offer a dedicated training workshop, providing professionals with a comprehensive overview of risk management for investment funds within the UCITS IV framework.

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.