Risk Management - Operational Risk for Funds

En collaboration avec
  • Icon 19.11.2020
  • Icon 16 h
  • icon Cours du jour
  • Icon English
  • Icon BQ169CJ
535,00 EUR


(+3% TVA)
*Prix d'inscription de base, variable selon options choisies.


Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Accord). Because operational risk impacts practically every area of the investment industry, it has become an important area of focus among financial service professionals. This course provides participants with a good understanding of operational risk in the fund industry and how to manage it.


Define operational risk in accordance with market standards

Identify and categorise 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


1. Introduction

2. Causes of operational risk

2.1 Processes

2.2 People

2.3 Systems

2.4 External events

3. Operational risk management cycle

3.1 Identification

3.2 Assessment

3.3 Mitigation and control

3.4 Monitoring and reporting

4. Supporting processes

4.1 Loss data collection process

4.2 Risk & control self-assessment (RCSA)

4.3 Key risk indicators

5. Market players

5.1 Transfer agents

5.2 Distributors

5.3 Fund accountants

5.4 Custodians/depositaries

6. Outsourcing risk

7. New product approval process

8. Other operational risks

8.1 Real assets

8.1.1 Private Equity

8.1.2 Real estate

8.2 New technology

8.2.1 A.I.

8.2.2 Fintech

9. Business continuity management

9.1 Disaster recovery plan

9.2 Resolution plan

9.3 Business continuity plan

10. Future trends

Target Audience

Financial service professionals who want to gain a good understanding of operational risk in the fund industry.


For this training course, an optional exam is available. In case of interest, candidates can choose a date from the list of proposed examination sessions. Registration for the exam must be made at least five days before the chosen exam date. The exam is subject to a registration fee.

The examination consists of true/false and multiple-choice questions. To pass the exam, a candidate must achieve a score of at least 50% of the total points on the exam.


This module is part of the Risk Management for funds Certification. To obtain their certificate, candidates must complete 12 days of training in Risk Management for funds and pass the exam for each course. 

More details here :Professional Risk Management Certification for Funds

Course material

The training material will be handed out at the beginning of the course.


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jeu. 19.11.2020 à 08h30

icon 8H

Operational Risk for Funds

  • icon Chambre de Commerce Luxembourg

ven. 20.11.2020 à 08h30

icon 8H

Operational Risk for Funds

  • icon Chambre de Commerce Luxembourg
  • Durée


    3 h

  • Lieu


    Chambre de Commerce Luxembourg

Tue 15.09.2020


Tue 22.09.2020


Thu 24.09.2020


Tue 29.09.2020


Tue 06.10.2020


Tue 13.10.2020


Tue 20.10.2020


Tue 27.10.2020


Thu 29.10.2020


Tue 10.11.2020


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