A practical one day course on SYSC for employees working within investment management, or in irms providing support services.

Transcription

1 THE INVESTMENT ASSOCIATION UNDERSTANDING SYSTEMS AND CONTROLS (SYSC) IN INVESTMENT MANAGEMENT FIRMS 23 NOVEMBER 2016 A practical one day course on SYSC for employees working within investment management, or in irms providing support services. Key Learning Objectives: Be aware of the SYSC rules that govern a firm s business and how the SYSC framework has developed, in particular in relation to managing compliance, internal audit and financial crime Explore the essential systems and controls required in the oversight of outsourcing Understand senior management arrangements in relation to SYSC, such as rules to mitigate risk-taking and misconduct Consider how areas of risk are managed by the application of effective systems and controls Understand the purpose of Conflicts Policy and Conflicts Register in respect of SYSC, and also senior management arrangements In association with BROWNING TREASURY

2 Background: The programme covers essential, within Investment Management, which govern firms arrangements and compliance with regulation. It will help delegates understand the importance of SYSC in relation to how firms manage their business e.g. in respect of risk taking, conflicts of interest and outsourcing. The course will also consider necessary senior management arrangements, which affect policies and controls in relation to remuneration and misconduct. The course is highly interactive, enabling delegates to get real value from it and support with aspects of SYSC that they find particularly challenging. To assist with the learning process, case studies are used throughout. Who should attend? The course is delivered at an introductory to intermediate level and appropriate for anyone who needs to improve their understanding of Controls, including senior management arrangements. This will include staff with direct responsibility/ accountabilities, including executives, non-executive directors and senior managers, and also supporting staff and those that provide services to investment management companies. The programme will appeal in particular to personnel working in or engaged with: Board and/or Executive Committee Senior Management Operational Risk Compliance Finance Legal Internal Audit Operations Front Office IT Business Analysis In-House Training Option All advertised IA training programmes are available to be delivered in-house. Bespoke tailored training can help you achieve your organisations development objectives, which we at the IA and our training partners are happy to assist you with. For more detailed information should you have any in-house requirements, please contact: Ryan White Training and Development Manager Lead trainers: Mike Browning leads Browning Treasury to deliver bespoke consultancy, training and project management, across a wide range of global regulations, with the objective of embedding compliance into process. Mike has headed up compliance, risk, IT, operations and finance functions at investment firms and has considerable knowledge and expertise in managing Controls within Investment Management. Andrew McCrindle provides consultancy and training at Browning Treasury. He has over 25 years experience of providing compliance, risk consultancy and training to firms specialising in pensions and asset management. Andrew has delivered training and guidance to senior management in high risk areas and has extensive knowledge of how to embed effective Controls.

3 Programme 09:15 Introduction - The SYSC Sourcebook Overview of the purpose of the rules and the importance and scope of SYSC. The particular sections that apply to investment management firms for SYSC, with focus on the practical application of the Sourcebook Key aspects of the SYSC Sourcebook Risk Management Risk appetite arising from the business model Preparing a risk strategy Developing and maintaining a risk register and integrating it with Compliance Monitoring to manage regulatory risks and Internal Audit for controls Managing risk, including reverse stress testing Case Study 1: Striking a balance - Building a comprehensive and proportionate risk framework 10:45 Morning Coffee Break Outsourcing Appropriate systems and controls for oversight and governance Relationship management Effective MI and reporting Resolution and exit planning Conflicts of Interest Polic Types of conflicts and circumstances in which they could arise Preparing the policy recording, management and disclosure of conflicts Segregation of functions The purpose, application and management of Chinese walls 13:00 Lunch Case Study 2: Development and application of a personal account dealing policy Senior Management and Prudential Arrangements Specific SYSC responsibilities for Approved Persons Conduct risk Overview of IFPRU and BIPRU arrangements and policy requirements Remuneration of employees in relation to SYSC The new Senior Managers & Certification Regime Case Study 3: Understanding the nature of the Senior Managers Regime for investment firms 15:15 Afternoon tea Guest Speaker: A representative from a law firm, or an audit and assurance firm, will speak about important FCA considerations for SYSC Financial Crime Organising systems and controls to prevent financial crime Staff awareness Training Systems Support functions interfacing with operations The role of compliance, HR and internal audit General Organisational Requirements Apportionment of responsibilities Record keeping Whistle-blowing Business continuity, exit planning & disaster recovery Future changes to SYSC requirements Case Study 4: : Groups will analyse a scenario for the implementation and governance of Chinese Walls and make relevant proposals SYSC Review: Delegates will be invited to participate in an end of course exercise to check their understanding of the day s learning Close

4 PLEASE REGISTER THE FOLLOWING DELEGATE(S) FOR THE ABOVE NAMED COURSE TO BE HELD AT THE INVESTMENT ASSOCIATION: BOOKING DETAILS NAME OF BOOKER: COMPANY NAME: COMPANY ADDRESS: JOB TITLE: POSTCODE: TELEPHONE: 1st DELEGATE DETAILS FIRST NAME: SURNAME: COMPANY: JOB TITLE: TELEPHONE: Your special needs or dietary requirements: 2nd DELEGATE DETAILS FIRST NAME: SURNAME: COMPANY: JOB TITLE: TELEPHONE: Your special needs or dietary requirements: 23 NOVEMBER NOVEMBER 2016 Please use additional copies of this form to book more than two delegates. Please briefly state the participants/ your objectives in attending the course: NB: Please check carefully that these personal objectives are consistent with the Key Learning Objectives and with the guidance on Who Should Attend outlined in the course brochure. (Continue on a separate sheet if necessary). Contact us by: Phone: +44 (0) Training@theia.org Post: The Investment Association, Camomile Court, 23 Camomile Street, London EC3A 7LL

5 PAYMENT OPTIONS ALL COURSE FEES ARE TO BE PAID IN FULL PRIOR TO COURSE COMMENCEMENT DATE (please see terms and conditions below) MEMBER RATE PER DELEGATE: VAT NON-MEMBER RATE PER DELEGATE: VAT AMOUNT : (PLEASE INCLUDE VAT) PLEASE INVOICE PROVIDE PURCHASE ORDER NUMBER: VISA MASTERCARD CREDIT CARD NUMBER EXPIRY DATE CARDHOLDER NAME CREDIT CARD S REGISTERED ADDRESS (POSTCODE & HOUSE/BUILDING NUMBER ONLY) POSTCODE STREET/HOUSE/BUILDING NUMBER TERMS AND CONDITIONS For any cancellation received days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days notice. DATA PROTECTION: The Investment Association will use the data you provide to process your registration. We would also like to use the data to keep you informed (by post, telephone or ) of other Investment Association training courses, products and services. If you do not want us to do so, please tick this box: OTHER IA TRAINING COURSE TOPICS INCLUDE: INVESTMENT RISK (HALF-DAY) INSTITUTIONAL INVESTMENT MANAGEMENT - WHAT MAKES THE BUSINESS TICK? UNDERSTANDING REGULATION AND COMPLIANCE IN INVESTMENT MANAGEMENT FIRMS UNDERSTANDING THE USE OF DERIVATIVES WITHIN INVESTMENT MANAGEMENT FIRSM UNDERSTANDING AND MANAGING RISK IN INVESTMENT MANAGATEMENT FIRM CLIENT ASSETS AND CLIENT MONEY (CASS) AN INTRODUCTION TO DERIVATIVES (HALF-DAY) UNDERSTANDING THE BUSINESS OF RETAIL INVESTMENT FUND MANAGEMENT COMPANIES FINANCIAL MARKETYS AND THE BUSINESS OF ASSET MANAGEMENT FOR ADDITIONAL PROGRAMME INFORMATION, PLEASE VISIT THE IA WEBSITE OR CALL:

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