Risk-based
Pension Funds Supervision And Effective Governance Training
Contact
us
Whatapp
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
THE
END