- TypeTraining or Development Class
- Location Mombasa, Kenya
- Date 04-09-2023 - 08-09-2023
Education/Teaching/Training/Development
Research/Science
Business Development
Finance
Accounting/Financial/Banking/Insurance
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]