Fiduciary Risk and Governance in Investment Management Training Course

Introduction

In the complex and highly regulated world of investment management, understanding and effectively managing fiduciary risk and governance is no longer just a compliance issue—it's a cornerstone of sustainable success and client trust. This intensive 5-day training course is meticulously designed to provide investment professionals, trustees, and oversight committees with a comprehensive understanding of their fiduciary duties, the risks inherent in these responsibilities, and the best practices for robust governance frameworks. Participants will gain the critical knowledge to navigate legal and ethical obligations, mitigate potential liabilities, and foster a culture of accountability within their organizations.

This immersive program will delve into the intricacies of fiduciary standards, risk identification and assessment, regulatory compliance, and the establishment of effective governance structures. From understanding the nuances of investment policy statements and due diligence to mastering oversight responsibilities and conflict of interest management, you will acquire the essential tools to safeguard assets, protect stakeholders, and ensure the long-term integrity of investment operations. Equip yourself with the expertise to uphold the highest standards of care and prudence in your investment management roles.

Duration: 5 Days

Target Audience:

  • Investment Managers and Analysts
  • Trustees of Pension Funds and Endowments
  • Board Members and Oversight Committee Members
  • Compliance Officers in Financial Institutions
  • Risk Managers in Investment Firms
  • Legal Professionals advising Investment Entities
  • Financial Advisors and Planners with Fiduciary Responsibilities
  • Senior Executives in Asset Management Firms

Objectives:

  • Understand the fundamental principles of fiduciary duty in investment management.
  • Identify and assess key fiduciary risks across investment processes.
  • Learn best practices for establishing and maintaining effective governance structures.
  • Navigate relevant regulatory frameworks and compliance requirements.
  • Develop strategies for managing conflicts of interest and ethical dilemmas.
  • Enhance due diligence and oversight capabilities for investment decisions.
  • Gain practical insights into developing and implementing robust investment policies.

Course Modules:

Module 1: Introduction to Fiduciary Duty and Its Evolution

  • Defining fiduciary duty in an investment context
  • Historical development and legal precedents of fiduciary standards
  • The "Prudent Expert" rule and its implications
  • Differentiating between various types of fiduciaries (e.g., ERISA, common law)
  • The importance of fiduciary responsibility in building trust and reputation

Module 2: Key Fiduciary Risks in Investment Management

  • Investment selection and monitoring risks (e.g., concentration, liquidity)
  • Operational risks (e.g., fraud, cybersecurity, data integrity)
  • Regulatory and compliance risks (e.g., misrepresentation, insider trading)
  • Conflicts of interest and self-dealing risks
  • Performance measurement and reporting risks

Module 3: Establishing Effective Governance Structures

  • Role and responsibilities of the Board, Investment Committee, and internal staff
  • Developing clear organizational charts and lines of accountability
  • Best practices for committee charters and terms of reference
  • The importance of independent oversight and external reviews
  • Fostering a culture of ethical conduct and compliance

Module 4: The Investment Policy Statement (IPS) as a Governance Tool

  • Components and importance of a robust IPS
  • Setting clear investment objectives and risk tolerances
  • Establishing asset allocation guidelines and rebalancing policies
  • Defining permissible and prohibited investments
  • Procedures for amending and reviewing the IPS

Module 5: Due Diligence and Oversight of Investment Managers

  • Framework for selecting and appointing external managers
  • Conducting thorough due diligence on manager capabilities and processes
  • Ongoing monitoring of manager performance, adherence to mandate, and risk
  • Red flag indicators and warning signs for manager underperformance or non-compliance
  • Termination procedures and transition management

Module 6: Regulatory Compliance and Best Practices

  • Overview of relevant financial regulations (e.g., SEC, DOL, FCA, local regulators)
  • Anti-money laundering (AML) and Know Your Customer (KYC) requirements
  • Data privacy and cybersecurity regulations
  • Record-keeping requirements and audit trails
  • Developing and implementing a comprehensive compliance program

Module 7: Managing Conflicts of Interest and Ethical Considerations

  • Identifying potential conflicts of interest within the investment process
  • Developing policies and procedures to mitigate conflicts
  • Disclosure requirements for conflicts of interest
  • Ethical decision-making frameworks for fiduciaries
  • Case studies in ethical dilemmas and best resolution practices

Module 8: Performance Monitoring, Reporting, and Continuous Improvement

  • Establishing appropriate performance benchmarks and metrics
  • Regular reporting to stakeholders on investment performance and risk
  • Transparency and clear communication with beneficiaries/clients
  • Internal audit and external review processes for governance effectiveness
  • Strategies for continuous improvement of fiduciary practices and governance frameworks

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Fiduciary Risk And Governance In Investment Management Training Course in Spain
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