Training - Risk Management - Operational Risk for Funds

How long does the training course last?

8,00 hours(s)

In which language(s) is the training course taught?

When will the next session take place?

Who is organising this training course?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training course aimed at?

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

What are the aims or the skills being targeted?

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

What does the training course cover?

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