RISK-BASED PENSION FUNDS SUPERVISION AND EFFECTIVE GOVERNANCE TRAINING

1 year ago Posted By : User Ref No: WURUR139499 0
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  • TypeTraining or Development Class
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  • Location Mombasa, Kenya
  • Price
  • Date 04-09-2023 - 08-09-2023
RISK-BASED PENSION FUNDS SUPERVISION AND EFFECTIVE GOVERNANCE TRAINING, Mombasa, Kenya
Training or Development Class Title
RISK-BASED PENSION FUNDS SUPERVISION AND EFFECTIVE GOVERNANCE TRAINING
Event Type
Training or Development Class
Training or Development Class Date
04-09-2023 to 08-09-2023
Location
Mombasa, Kenya
Organization Name / Organize By
Skills for Africa Training Institute
Presented By
Nixon Kahuria
Organizing/Related Departments
Skills for Africa Training Institute
Organization Type
Organization
Training or Development ClassCategory
Both (Technical & Non Technical)
Training or Development ClassLevel
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Research/Science

Business Development

Finance

Accounting/Financial/Banking/Insurance

Location
Mombasa, Kenya

RISK-BASED PENSION FUNDS SUPERVISION AND EFFECTIVE GOVERNANCE TRAINING

Organizer: Skills for Africa Training Institute (https://skillsforafrica.org)

Registrations

https://skillsforafrica.org/course/216

Course Date

Location

06/03/2023-10/03/2023

Nairobi,Kenya

03/04/2023-07/04/2023

Nairobi,Kenya

01/05/2023-05/05/2023

Dubai,UAE

05/06/2023-09/06/2023

Mombasa,Kenya

03/07/2023-07/07/2023

Kigali, Rwanda

 

INTRODUCTION

Private Pensions are becoming an increasingly important part of retirement income. Therefore, the quality and the effectiveness of pension funds supervision is getting more and more critical, as well as challenging. In order to achieve effective supervision, supervisory authorities need to expand risk analysis and develop emerging risk capacities. Thus, risk-based supervision (RBS) is imperative to be adopted along with corresponding risk-assessment methodology, that incorporates both micro and macro perspectives.

Strategically selected RBS techniques can result in effective resource allocation, where assets are directed in a way to target the risk exposures that are of greatest concern to the supervisory authority. Hence, RBS is deemed to be a more flexible and dynamic process, that allows for greater efficiency in the event of resource scarcity.

This program has been specifically designed by Skills for Africa Training Institute to equip its participants with in-depth knowledge and essential skills to successfully employ RBS techniques.

COURSE OBJECTIVES

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

Possess comprehensive understanding of pensions schemes, funds and plans worldwide

Compare and employ global best practices of risk-based pension fund supervision and good governance

Develop sound decision-making skills for strategic resources allocation and supervisory strategies

Employ various risk techniques for pension fund risk management

Set appropriate controls and measures against identified risks

Analyze various situations and circumstances and foresee possible outcomes

Effectively and efficiently handle and manage senior roles and responsible related to risk-based pension fund supervision and stay relevant and competitive for the industry.

DURATION

5 Days

WHO SHOULD ATTEND

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

Professionals and executives involved in Pension Fund Supervision and Governance

Specialists and Policy Makers involved in risk identification, assessment and management.

Legal and Financial Advisors concerned with Pension Risks and related disputes

BPO Pension Schemes Administrators

Public Sector Pension Scheme Legislators and Officials at the local and national level

Pensions Managers and Pensions Scheme Managers

Pension Officers and Registrars

Employee Benefits Directors and Managers

Anyone interested in Risk-Based Pension Fund Supervision and Governance

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

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Upon successful completion of this course, participants will be issued with a certificate.

We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: [email protected]

The training will be conducted at SKILLS FOR AFRICA TRAINING INSTITUTE IN NAIROBI KENYA.

The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.

Payment should be sent to our bank account before start of training and proof of payment sent to: [email protected]

 

 

Registration Fees
Available
Registration Fees Details
USD 1500
Registration Ways
Email
Phone
Website
Other
Address/Venue
Mombasa, Kenya  Mombasa, Kenya 
Official Email ID
Contact
Nixon Kahuria

[email protected]

   +254702249449