Risk Management - Operational Risk for Funds

Financial service professionals who want to acquire a comprehensive understanding of operational risk and its applications within investment fund risk management.

As the investment management ecosystem becomes more complex, investment funds are facing a growing scope of operational risks arising from the interaction of new processes, systems, emerging technologies, and evolving regulations.
This training provides its participants with the fundamental knowledge on operational risk management, the processes and the tools to manage risks within investment funds.

• Define operational risk in accordance with market standards
• Identify and categorize 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
  • AI
  • Financial Technology
• Business continuity management
  • Disaster recovery plan
  • Resolution plan
  • Business continuity plan
• Future trends