Operational Risk for Asset Managers
| Course Code: |
ORA 1104 |
|
| Dates: |
On a date of your choice |
| Venue: |
Central / City of London |
| Course Fees: |
Available on application |
| CPD Credits: |
6 |
Course Outline & Objectives
For asset management firms, the effective management of operational risk has become a critical focus for regulators, investors and counterparties.
Recent Arrow visits by the FSA, however, have continued to expose weaknesses in firms' operational risk frameworks and approaches.
This practical one day workshop is specifically designed to help asset management firms develop the capability to protect their business and meet regulatory requirements through effectively managing operational risk.
Attending will enable you to:
- Identify a high level framework of key risks that apply to Asset Management
- Review the regulatory environment and expectations for operational risk management
- Understand the FSA’s supervisory review and evaluation process (SREP)
- Explore the relationship between operational risk and capital requirements
- Determine the key elements of an effective operational risk management franmework
- Capture the business benefits from operational risk management
Who will benefit?
This course will be of value to all this responsible for monitoring, managing or overseeing operational risk within asset management firms or business units. This will include Risk, Compliance, Audit and Operations professionals, as well as Senior Managers with risk oversight responsibilities.
Course Leader: Darren Burrows
Darren is a funds expert (primarily UCITS) and Managing Director of Funds-Axis Limited, CTP's training partner in the investment management sector.
Darren is a law graduate, chartered accountant and Member of the Chartered Institute of Securities and Investment with over 12 years financial services and fund management experience. His specialities include: risk, compliance and business process optimisation, derivatives and eligible assets under UCITS III, fund accounting, UCITS IV and implementation of investment restriction monitoring systems.
Since founding Funds-Axis, Darren has delivered successful training programmes to more than 350 individuals in over 80 organisations in UK, Ireland and Luxembourg.
Course Programme
| Session |
Aim |
Content |
| Key risks for Asset Managers |
To identify a high level framework of key risks that apply to Asset Management |
- FSA considerations
- IOSCO perspective
- Other relevant international bodies
|
Risk and regulation
|
To map the regulatory background to operational risk management |
- Basel II and the FSA
- Systems and controls
- Prudential requirements
- Internal capital adequacy assessments (ICAAP)
|
| The FSA’s supervisory process |
To understand the FSA’s supervisory review & evaluation process (SREP)
|
- SREP format and expectations
- How to satisfy the regulator's requirements
- How this relates to the ARROW process
|
| Pillar 1 and Pillar 2 capital assessments |
To explore the relationship between operational risk and capital requirements |
- ICAAP
- Pillar 1 and Pillar 2
- Stress testing
- Scenario analysis
- CASE STUDIES
|
| Building an effective operational risk framework |
To identify the key elements of an effective operational risk management franmework
|
- Core components of robust risk framework
- Risk identification and management techniques
- Reviewing the effectiveness of controls
- Effective use of loss data
- Effective risk reporting to senior management
|
| The wider business case for operational risk |
Realising the business benefits from operational risk management |
- Process improvement
- Business development
- Final Q&A
|
Booking
If you are interested in booking this course, or if you have any questions, please call call us on 020 3170 5779.
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