Express an interest

If you are interested & require further information, we will email you a copy of the programme brochure.

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Data Protection Notice

About this data protection notice

This is a statement of the practices of The Institute of Bankers in Ireland, 1 North Wall Quay, North Dock, Dublin 1 (trading as IOB) (‘the Institute’, ‘we’, ‘us’, ‘our’) in connection with the capture of personal data on this webform and the steps taken by the Institute to respect your privacy.

The Institute is a Data Controller and is committed to protecting your rights and any personal information which you provide to the Institute will be treated with the highest standards of security and confidentiality, in accordance with Irish and European Data Protection legislation.

The privacy notice explains the following:
  • What information do we collect about you?
  • The purpose for collecting your personal data
  • The legal bases for collecting your personal data
  • Are you required to provide the information?
  • How we store and secure personal data?
  • Details of third parties with whom we share personal data
  • What are your rights?
What information do we collect about you?

The data we collect from you will be used by the Institute only in accordance with the purposes outlined in this privacy notice. We will collect your data via webform on www.iob.ie.

The data collected in this webform will be shared with the following areas of the Institute:

  • Programme Management Department
  • Marketing Department
  • Lifelong Learning Department
The purpose for collecting your data

The data we collect about you will be used for:

  • providing information on the programme(s) for which you have completed an expression of interest webform;
  • notifying you of promotional events related to this designation(s) or programme(s) e.g. Programme Taster Lectures, IOB Open Evening; and
  • advising you of upcoming application and registration closing dates for this designation(s) or programme(s)
The legal basis for collecting your data

For the purposes outlined in this privacy notice your personal data will be processed on the basis of Explicit Consent.

By submitting this webform, you confirm that you are providing your informed consent to the processing of your data as outlined here.

Are you required to provide the information?

We require you to complete the mandatory fields identified in this webform for the purposes outlined above. If you do not provide us with the information required in these fields, we may be unable to process this Expression of Interest form.

How we store and secure your data

Any data we collect from you will be stored confidentially and securely. The Institute is committed to ensuring all accesses to, uses of, and processing of Institute data is performed in a secure manner.

In keeping with the data protection principles, we will only store your data for as long as is necessary to provide our services to you and for such a period of time after this as is necessary to comply with our obligations under applicable law and, if relevant, to deal with any claim or dispute that may arise in connection with our relationship with you.

For the purposes described here we will store your data for one calendar year from the date you submit the webform. Before the end of this calendar year, we may contact you to ask if you wish to re-confirm your consent to the storing and processing of your data for the purposes outlined above.

When we store your personal data on our systems the data will be stored on the Institute’s secure I.T. platforms within the EEA which are also subject to European data protection requirements.

Details of third parties with whom we share personal data

The Institute will share your data with third parties where necessary for purposes of the processing outlined here.

We will share your information with our service providers (e.g. printers, I.T. support, auditors, legal advisors, and other professional advisors).

We may also disclose your information where required by law to do so.

Your information will not be shared with any other third parties.

When we share your data with the third parties outlined here the Institute will ensure that the data is only processed according to our specific instructions and that the same standards of confidentiality and security are maintained. Once the processing of the data is complete any third parties with whom data was shared will be required to return the data to the Institute save where they are required to retain it by law.

What are your rights?

You have the following rights, in certain circumstances and subject to applicable exemptions:

  • You are entitled to ask for a copy of the personal data, which IOB holds about you.
  • The right to have any inaccuracies in your personal data amended.
  • The right to object to the processing of your personal data.
  • The right to have the personal data that we hold about you erased.
  • The right to restrict the processing of your personal data.
  • The right to receive your personal data, which you provided to us, in a structured, commonly used and machine-readable format or to require us to transmit that data to another controller.
  • You have the right to withdraw your consent at any time.
Contact

If you have any queries relating to the processing of your personal data for the purposes outlined above or you wish to make a request in relation to your rights, you can contact the Institute’s Data Protection Officer using the contact details below.

If you are unhappy with the way in which your personal data has been processed, you may in the first instance contact the Institute’s Data Protection Officer using the contact details below.

IOB has a Data Protection Officer who can be contacted through [email protected] or by writing to:

The Data Protection Officer, IOB, IFSC, 1 North Wall Quay, Dublin 1.

If you remain dissatisfied then you have the right to apply directly to the Data Protection Commission for a decision. The Data Protection Commission can be contacted at:

Data Protection Commission
Canal House
Station Road
Portarlington
R32 AP23 Co. Laois
www.dataprotection.ie

The Institute of Bankers in Ireland (a company limited by guarantee) trading as IOB

Registered Number: 197171
Registered Charitable Organisation
Charity Registration Number: 20026950
CHY Number: 10530

P: +353 (0)1 6116500
F: +353 (0)1 6116565
E: [email protected]

Privacy Statement
Terms and conditions

 

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Executive Education
Funds by IOB
Executive Programme

Certified Investment Fund Director (CIFD)

Commencing 28 August 2023
Express an interest
  • Duration
  • 8 weeks
  • Programme
  • 10 modules
  • Study
  • Face to face classes
  • Fees
  • €11,500
  • Level
  • Executive Education

    • At a glance

    The programme's syllabus is intended to cover all key aspects of the value chain for funds and address the key governance issues faced by fund directors. The content delivered by the Programme's faculty is dynamic - reflecting key prevailing industry topics and trends, such as the rise of sustainable finance and the evolving technology and digital landscape - to ensure participants are well equipped with the knowledge to become successful fund directors in the industry today.

    • Delivered through an intensive combination of class-based, on-line, and self-directed learning.

    Download the CIFD programme brochure

    David O'Callaghan speaks about the benefits he found in completing the Certified Investment Fund Director Programme.

    Programme overview

    The CIFD Programme is delivered through an intensive combination of class-based, online, and self-directed learning. This is a blended learning programme, where class-based learning is supported by additional reading, online webinars and individual learning outside the classroom. This approach allows for time-constrained professionals to manage their own learning journey whilst still benefiting from the interactive and peer learning that a classroom environment provides.

    The Programme comprises ten modules. Seven modules are delivered in the classroom and three are delivered online (see programme modules). The classroom-based modules are delivered over one block of five consecutive days’ duration and are supplemented by assigned pre-reading material and, for some modules, short supporting webinars. The CAIA module - Fundamentals of Alternative Investments - is a self directed online course. The Custody and Board Oversight and Risk Management and Board Oversight modules are delivered through a combination of live and recorded webinars.

    Participants on the CIFD Programme have access to a student portal where they can access webinars and a library of reading material recommended by the programme faculty.

    The Programme Director hosts a live webinar to welcome participants at the start of the programme. This provides recommended timelines for participants to navigate through the programme. As participants, you will play an important role in the success of the programme. Prior to the classroom week, engaging with the assigned reading and webinars is critical. We estimate that approximately 70 hours of online and self-directed learning is required for this purpose. Inside the classroom, over the five-day block, active participation and discussion is facilitated and encouraged by lecturers. Contextualising the programme material in the day-to-day experiences of participants within the classroom is an integral part of the CIFD Programme.

    Contact

    For further information on the CIFD programme please contact the Relationship Manager, Kate Walsh at [email protected]

    Who should undertake this programme?

    The CIFD Programme is designed for

    • Investment Fund Directors

    • Directors of Fund Management Companies

    • Those with extensive fund/asset management experience who aspire to become Fund Directors and/or Directors of Fund Management Companies

    • Those with extensive fund/asset management experience holding senior leadership positions in the funds industry

    • It is also a valuable programme for those responsible for the regulation of investment funds and institutional investor personnel responsible for the oversight of investment fund governance frameworks within their portfolio of investment funds.

    Programme outcomes

    On successful completion of this programme, participants will be equipped to:

    • critically evaluate the investment fund governance models they are involved with as a director or asset manager and identify gaps in the objectives, framework and process;

    • articulate the objectives of investment fund governance;

    • implement an effective investment fund governance framework;

    • maximise the effectiveness of fund board, fund promoter and service provider relationships from an investment fund governance perspective;

    • understand the behaviours required from wellfunctioning boards and individual directors.

    Learning and assessment

    The Certified Investment Fund Director Programme is delivered through an intensive combination of class-based, on-line, and self-directed learning.

    This is a blended learning programme, where class-based learning is supported by additional reading, online webinars and individual learning outside the classroom.

    This approach allows for time-constrained professionals to manage their own learning journey whilst still benefiting from the interactive and peer learning that a classroom environment provides.

    You will study 10 modules;

    ONLINE

    Module 2 (Online): Risk Management and Board Oversight

    ONLINE: 

    • Overview of risk management concepts, including inherent and residual risks and risk appetite 

    • Role, governance and organisation of the risk management function of a management company 

    • Role of fund directors in providing risk oversight 

    • Future developments and trends impacting risk management

    DAY 1

    Module 3.1: Investment Fund Governance I

    • Purpose of investment fund governance

    • Governance sources: hard law and soft law

    • Role of investment fund boards including risk management and embedding culture

    • Fit and Proper assessments

    • Composition of boards: knowledge, independence and diversity

    • Investor engagement and stewardship

    • Induction and continuing training

    • Directors' duties, collective responsibility and accountability

    DAY 2

    Module 4: Fund Distribution and Board Oversight

    • Distribution life cycle from a customer and product perspective

    • The role of the board in relation to fund distribution

    • Relevant regulatory requirements

    • Industry trends relating to distribution

    • A distribution oversight model

    Module 5: Transfer Agency and Board Oversight

    • Overview of transfer agency function

    • The Regulated and Controlled Environment

    • A case study to help understanding what the main points of attention for a Fund Director are

    DAY 3

    Module 6: Portfolio Management and Board Oversight

    • Evaluate the key components of the portfolio management function

    • Identify the impact of the key economic macro drivers on the potential investment opportunities and risks for funds

    • Comprehend how the portfolio management function is evolving through the growth in private markets and new ways of investing

    • Assess the evolving regulatory environment which is shaping fund strategy

    Module 7: Custody and Board Oversight

    • Custody models / prime broker models

    • European regulatory framework and the implications for depository liability

    • Custody risk

    • Effective board oversight of custody of asset

    DAY 4

    Module 8: Investment Fund Valuation and Board Oversight

    • NAV Calculation Vs. Valuation of a Fund's Assets

    • Considerations when choosing your Calculation Agent

    • Legal and Regulatory Framework

    • Considerations for the Valuation Operating Model Accounting for fair value accounting

    Module 9: Analysis of Investment Fund Financial Statements

    • Role of external audit

    • Financial statements of investment funds

    • Audit Process and Audit Opinions

    • EU Audit reform

    DAY 5

    Module 10: Investment Fund Regulation

    • Relevance of regulation to specific business areas

    • Cross border distribution of funds: considerations

    • 'When things go wrong' case-based discussion

    Module 3.2: Investment Fund Governance II

    • Preparing for board meetings, virtual meetings

    • Board dynammics

    • Ethical decision making

    Professional Designation

    On successful completion of the CIFD Programme, candidates will be invited to apply for the professional designation of Certified Investment Fund Director. As a CIFD designate you will be part of a strong network of investment fund directors and industry contacts from the programme and benefit from recognition within the investment fund industry.

    You will become part of a community of investment fund professionals who recognise the value of governance education and share similar values and beliefs in relation to the objective of investor protection.

    You will also have access to exclusive material and events to ensure your own continuing professional development.

    Key Dates

    Cohort 23 – Dublin

    Online elements:

    8 April to 19 May, 2024

    In person class week:

    20 to 24 May, 2024

    Requirements

    The CIFD Programme is designed for

    • Investment Fund Directors

    • Directors of Fund Management Companies

    • Those with extensive fund/asset management experience who aspire to become Fund Directors and/or Directors of Fund Management Companies

    • Those with extensive fund/asset management experience holding senior leadership positions in the funds industry

    • It is also a valuable programme for those responsible for the regulation of investment funds and institutional investor personnel responsible for the oversight of investment fund governance frameworks within their portfolio of investment funds.

    Please contact Kate Walsh for details on the CIFD, Certified Investment Fund Director programme at [email protected]

    Jonathan McKeown
    Member Testimonial

    I would thoroughly recommend the course. It has enabled me to have effective conversations and to grow my network within the funds industry.

    Jonathan McKeown, TopRiver Partners

    Stephan Sommer
    Member Testimonial

    The CIFD Programme gave me a professional insight to a variety of topics with top presenters in a timely fashion.

    Stephan Sommer, Independent Non-Executive Director

    Philip Craig
    Member Testimonial

    The CIFD Programme was excellent in that it encapsulated all the pertinent issues of a fund and the integral role the CIFD can play.

    Philip Craig, Independant Non-Executive Director

    Celebrating 125 years of learning

    1898 | 2023

    IOB was founded in 1898 by a small group of financial services professionals. Today we are Ireland's largest professional membership community.

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    Registered Number: 197171

    Registered Charitable Organisation Charity Registration Number: 20026950 CHY Number: 10530

    The Institute of Bankers in Ireland (a company limited by guarantee) trading as IOB

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