Risk-based Pension Funds Supervision And Effective Governance Training

  • Overview

INTRODUCTION

Private pensions are playing a bigger and bigger role in retirement income. The quality and efficacy of pension fund supervision are therefore becoming increasingly important and difficult. Supervisory agencies must enhance emerging risk capacities and broaden risk analysis in order to achieve effective supervision. Therefore, it is essential to employ risk-based supervision (RBS) together with a risk-assessment approach that takes into account both micro and macro viewpoints.

Effective resource allocation can be achieved through the use of carefully considered RBS procedures, in which assets are directed in a way to target the risk exposures that the supervisory authority is most concerned about. RBS is therefore considered to be a more adaptable and dynamic process, enabling greater efficiency in the event of resource constraint.

The Dealson Training Institute specifically created this course to give learners the in-depth knowledge and critical abilities they need to successfully apply RBS approaches.

COURSE OBJECTIVES

At the end of the course, the participants will be able to:

  • Compare and apply global best practices of risk-based pension fund supervision and good governance;
  • Develop solid decision-making abilities for strategic resource allocation and supervisory strategies.
  • Have a thorough awareness of pension schemes, funds, and plans around the world.
  • Use a variety of risk management strategies for managing pension fund risk.
  • Establish suitable safeguards and precautions against known threats.
  • Examine numerous scenarios and situations and predict potential consequences.
  • Handle senior tasks and responsibilities with effectiveness and efficiency, manage risk-based pension fund oversight duties, and maintain industry relevance and competitiveness..

DURATION

5 Days 

WHO SHOULD ATTEND

This training course is suitable to a wide range of professionals but will greatly benefit:

  •  Experts and executives engaged in governance and pension fund supervision
  •  Experts and decision-makers involved in risk characterization, evaluation, and management
  • Pensions Managers and Pensions Scheme Managers
  •  Pension Officers and Registrars
  •  Employee Benefits Directors and Managers
  •  BPO Pension Scheme Administrators
  •  Public Sector Pension Scheme Legislators and Officials at the local and national level
  •  Risk-Based Pension Fund Supervision and Governance enthusiasts, and anyone else interested

COURSE CONTENT

Day One: Risk and Regulations for Pension Industry

  • The Broad categorization of pension industry risk: Portfolio, Agency and Systemic Risks
  • Introduction to Pension Fund Regulatory Mechanism
  • Regulatory Requirements on Risk Management Architecture
  • Licensing, Governance and Investment Rules
  • Independent Custodian, External Audits, and Disclosure Requirements
  • Guarantees, Minimum Capital, and Reserves
  • Cost & Fee Regulations and Sanctions

Day Two: Introduction to Risk-Based Supervision of Pension Funds

  • The financial position of the organization, risk level intensity and supervision scope
  • Shifting the focus to high-level controls and governance
  • Strategic allocation of time and resources: employing proactive approach
  • Common objectives and elements of pensions fund RBS design
  • Key focus areas of RBS model
  • Employing pension fund RBS-Application and adaptation of models
  • Collecting data
  • Supervisory board, staff, industry and power.

 Day Three: Analyzing Risk Landscape

  • Risk-Based Solvency and Risk Scoring Methods
  • Risk Based Capital Rules
  • Funding risk
  • Solvency risk
  • Surplus risk and contribution risk
  • Counterparty credit risk
  • Interest rate mismatch risk
  • Longevity Risk Hedging and Transfers
  • Systematic Risks and Achievability

Day Four: Actionable Tools of RBS

  • Setting objectives and risk focus for supervisory authorities
  • Identifying, mapping and weighting risks
  • Resource allocation decision based on risk assessment
  • Quality assurance
  • Maximizing the value of scarce resources
  • Foreseeing problems timely
  • Challenges in pension fund RBS implementation

 Day Five: Managing and Mitigation Risks

  • Operation and structure of internal risk governance processes
  • Considering risk-based approach in organizational structure
  • Management controls and compliance
  • Setting appropriate procedures and controls
  • Designing and adopting risk management systems
  • Independent reviews
  • Sponsors and financial support

GENERAL NOTES

  • Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course..
  • The participants receive training manuals and supplementary reading materials.
  • Participants who complete this course successfully will receive a certificate.
  • We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at info@dealsontrainers.org.
  • The training will take place at DEALSON TRAINING INSTITUTE IN NAIROBI, KENYA in Nairobi, Kenya.
  • The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
  • Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to info@dealsontrainers.org.

Course Schedule:
Dates Duration Fees Location Action