Course description
The Risk-Based Supervision (RBS) of Pension Funds Training Course by Rcademy is designed to help participants understand the history of the risk-based supervision approach. Moreover, it also highlights the best practices in the pension industry. The Rcademy’s professionals have real-world knowledge, so they educate the participants with theoretical knowledge and practical lessons.
What is RBS?
Risk-based supervision involves identifying the risks and designing a system through which these risks can be mitigated. Moreover, these risks are assigned some weight that depicts which risk should be mitigated or managed first.
What are the requirements of the RBS approach?
The requirements of the RBS approach are as follows:
- Identification of the risks
- Assessing the risks
- Design and implement the risk-based supervision system to mitigate the risks
- System monitoring and controlling
- Reviewing the risks
- Documentation
Rcademy’s specialists are the industry leaders. There is an understanding that the participants must begin with a basic understanding of the market before moving on to the next level of understanding. The goal of this course is to give participants a solid foundation in the subject of pension fund management. So that the participants may join the market with advanced knowledge and an attitude to succeed in this sector, they must complete the Risk-Based Supervision of Pension Funds course.
Upcoming start dates
Suitability - Who should attend?
After completing the Risk-Based Supervision (RBS) of Pension Funds Training Course by Rcademy, the participants will:
- Attain knowledge of pension funds, schemes, and plans
- Learn how to oversee the resources and make timely and appropriate decisions about their allocation
- Learn the skills of supervision and guidance
- Comprehend different approaches available for mitigating risks and compare them for the best selection
- Understand the best practices of the pension industry when it comes to managing the risks
- Gaining an in-depth understanding of the risk-based supervision approach and regulatory mechanisms
- Learn different techniques available for risk management
- Master the skills of identifying and mitigating the risks
- Know the roles and responsibilities of the senior and junior roles of professionals working in the pension industry for managing risks through employing risk-based supervision methods, models, and strategies
Training Course Content
This course consists of all the important topics of Risk-Based Supervision of Pension Funds that are necessary to become a certified professional in the pension industry:
Module 1: Introduction to Risk-Based Supervision of pension funds
- What risks are involved in pension fund management?
- Explain each risk category along with the sub-category.
- What are the impacts of the risks on pension funds in the long run?
- What are the immediate impacts of the risks on pension funds?
Module 2: RBS Approach
- What is an RBS approach?
- Why is it important?
- Origin of the risk-based supervision (Solvency II and Basel II)
- Some considerations for the risk-based supervision approach
- What is a compliance approach?
- How risk-based supervision approach is better?
- What types of risks are considered to be eliminated in the RBS approach?
- What are the objectives of RBS
Module 3: Overview of regulatory mechanism for pension funds
- What is the regulatory mechanism for pension funds?
- Enlist the seven essential risk management architecture requirements
- Main elements of the regulation
- Sanctions and regulations of the fee and cost
- External audits
- Independent custodian
- Requirements for the disclosure
- Rules of investment
- Rules of governance
- Rules of licensing
- Minimum capital
- Guarantees
- Reserves
Module 4: Risk analyzation
- Methods of scoring risk
- Types of systems of scoring risks
- Models’ aims
- Primary components of the risk scoring system
- Some critical characteristics of pension
- Response framework
- Risks in funding
- Risks related to solvency
- Contribution and surplus risk
- “Counterparty credit risks”
- “Longevity risk hedging”
- Transfer risks
- Risks of mismatch of the interest rate
Module 5: Management of the risks
- Internal risk
- Governance processes’ operations
- Structure of the governance processes
- Organizational structure and risk-based approach
- Steps for management of the risks using a risk-based approach for pension funds
- Controls of the management
- Compliance with the management
- Process of designing the risks management systems
- Role of reviews (independent)
- Financial support
- Sponsors
Module 6: Risk-based supervision in actions (Practical lessons accompanied with tips)
- Identification of the objectives
- Risks identification
- Allocation of resources based on risks
- Assurance of the quality
- The art of foreseeing potential risks
- Scarce resources and how to decrease their value
Module 7: Risk-based Supervision’s Principles
- Application consistency
- Considering relevant information
- Agreed framework’s application
- Looking forward
- Proportionate
- Outcomes’ concerns
Module 8: Documentation of the risk-based supervision
- Step 1: A very concise note (outline of the objectives, the approach used, and methods for supervision)
- Step 2: The Risk Matrix
- Step 3: Supervisory Intervention Guide
- Step 4: Guidance notes and the papers of internal background
- Step 5: The story of the risk
- Step 6: Documenting findings
- Step 7: Communication with the firm being supervised
Course delivery details
The Risk-Based Supervision of Pension Funds course introduced by the Rcademy is aimed to prepare you for the market. This course offers a unique technique in which each module is taught by providing real-world situations in the form of assignments, and you have to complete them. Rcademy professionals understand that you need hands-on practice more than theoretical understanding. This unique technique lets trainees realize where the theoretical knowledge is applied in the market. This course teaches trainees real-world experience and some tips and tricks which will make you ready to better yourself and flourish in the profession. The assignments, group discussions, projects, and class activities will prepare you for the market and future developments in this subject.
Request info
Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...