Background to Programme
The Fund Industry in Ireland has been an enormous success story. Employment
in this sector continues to grow. Success, however, often brings its
own challenges. Generally, Operations Managers are under quite a lot
of pressure. They are working in a highly competitive, often volatile
environment with the constant pressure of deadlines. Increased opportunities
within the industry means that experienced staff have become very precious.
Key challenges for managers include attracting and retaining staff
along with the issue of dealing with the sort of dilution of knowledge
and expertise that is a direct result of high turnover.
The aim of this programme is to provide delegates with a sound conceptual
understanding of all aspects of the funds industry as well as the importance
of relationships as part of their job role. The programme provides
participants with a solid understanding of not just ‘what’ they
are doing but ‘why’ they are doing it. As well as learning
the technical aspects of funds and being able to apply them to their
in-house methodology and systems, participants will fully appreciate
the critical importance of client service and how their behaviour impacts
the client relationship and other areas of the organisation. They will
appreciate the importance of accountability, asking the right questions,
focusing on teamwork, reducing risk and minimising errors.
In order to meet the challenge of equipping employees with the skills
and knowledge to perform their roles successfully, LDC & Quickstep have partnered to provide an intensive fast track programme for the
funds industry.
Features of the Programme
- Practical as well as theory based;
- Provides a rounded approach – designed to give delegates
360˚ view of their role;
- Incorporates accountability, questioning, teamwork & risk
awareness;
- Design & delivery by industry experts.
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Benefits to organisations
- Increased productivity;
- Reduced turnover;
- Improve accuracy/reduce error;
- Minimise risk;
- Enhance client service;
- Increase rate of internal transfers & promotions;
- Increase moral & reduce absenteeism;
- Maintain competitiveness.
- Can complement company induction training
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Programme Objectives
By the end of this programme, delegates will be able to:
- Explain what a fund is and its components;
- Outline information flows between the key players and how and why
they interact with each other;
- Create and administer a fund;
- Assess risk factors;
- Explain the importance of adhering to procedures & controls;
- Calculate error impact & determine causes of errors;
- Appreciate the critical role of the client;
- Demonstrate a 360˚ understanding of the funds industry.
Method:
Along with comprehensive theory sessions, this highly interactive programme
enables delegates to experience the practical side of funds through
working with real-life data and relevant case studies. Participative
group and individual exercises are designed to promote immediate
and effective transfer of learning to the workplace.
Each module will incorporate an assessment of knowledge and competencies.
Target Audience:
- New and recent recruits to the funds industry;
- Existing employees in areas such as fund accounting, transfer agency,
custody and trustee services requiring a broader knowledge of the
funds industry;
- Auditors;
- Legal and regulatory staff;
- IT, training, finance & HR staff working within the funds industry.
- To enhance learning, the maximum number of participants is 15
Duration:
Option 1: 3
days 09.00 – 17.30
Option 2: 5
mornings 09.00 – 13.00
Programme Content
Client Servicing
The importance of the client;
Internal versus external clients;
Methods of client communication for delivery and receipt of data;
Email and surrounding security;
Data Protection;
Giving & receiving instructions;
Prioritising & managing deadlines;
Deadlines v accuracy. |
Funds
What is a fund;
What are fund objectives;
Why investors choose funds over other products;
How funds make money. |
Fund Characteristics
How and why funds differ;
How differing objectives impact underlying investments;
Fund types and associated securities;
Equities, bonds, money market instruments, futures, options,
foreign exchange, forwards. |
Fund Set Up
Legal & regulatory implications for funds;
Ireland’s role in global funds industry;
The role of the regulator;
Scheme types; Variances in funds - UCITS versus Non-UCITS, onshore
v offshore funds;
Multi-currency funds, multi-class funds;
Legal structures versus accounting structures,
Proprietary versus third party funds;
Fund set up and required documentation;
Fund listing;
The prospectus;
Dealing times;
Regulatory reporting.
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Key Players in the industry
Who the key players are in the funds Industry;
What is the role of the investor, the investment manager/advisor,
the transfer agent, the fund administrator, the financial reporting
team, the trustee, the custodian, the prime broker, the auditor
and the client?
Controls, Procedures & Errors
Importance of procedures & controls;
Reconciliations;
How errors can happen and their associated risks;
Impact errors have on other areas;
Errors versus breaches. |
Roles & Information Flows
How investors’ money passes through each of the key players;
Initial subscriptions and supporting documentation;
Compliance with anti-money laundering, Finance Act; Savings Directive;
Creation of units; subsequent subscriptions, redemptions, exchanges,
transfer of units; income distributions;
Investment in the market place;
Settlement and safekeeping of securities; Income collection;
Pricing securities and pricing sources;
Corporate actions;
Accounting for underlying investments; Income & expense accruals;
Calculating the NAV. |
Download
brochure
To find out more information on this new programme, please
contact us.
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